International taxation and multinational firm location decisions

Arbeitspapier

Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on the location decisions of multinational firms. Both types of taxation are estimated to have a negative impact on the location of new foreign subsidiaries. In fact, the impact of parent country taxation is estimated to be relatively large, possibly reflecting its international discriminatory nature. For the cross-section of multinational firms, we find that parent firms tend to be located in countries with a relatively low taxation of foreign-source income. Overall, our results show that parent-country taxation - despite the general possibility of deferral of taxation until income repatriation - is instrumental in shaping the structure of multinational enterprise.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: CESifo Working Paper ; No. 2503

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Multinational Firms; International Business ; Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill ; Business Taxes and Subsidies including sales and value-added (VAT) ; Production Analysis and Firm Location: Government Policy
• Thema: Corporate taxation ; dividend withholding taxation ; location decisions ; Unternehmensbesteuerung ; Betriebliche Standortwahl ; Steuerbegünstigung ; Multinationales Unternehmen ; Welt

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Barrios Cobos, Salvador ; Huizinga, Harry ; Laeven, Luc ; Nicodème, Gaëtan J.A.
• Ereignis: Veröffentlichung
• (wer): Center for Economic Studies and ifo Institute (CESifo)
• (wo): Munich
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/26548
• Letzte Aktualisierung: 11.02.2109, 00:58 MEZ