Foreign (in)direct investment and corporate taxation

Arbeitspapier

This paper investigates the role of corporate taxation with respect to a multinational's investment decision, in which the multinational can pursue either a direct or an indirect investment strategy. The latter involves at least three corporate entities and opens up enhanced opportunities for international tax planning. The existence of preferential tax treatment for conduit or intermediate corporate entities presumably changes the role of corporate taxation in destination countries, because it supports multinationals in avoiding taxes. The empirical findings of this study are consistent with theoretical predictions and suggest that tax effects differ, depending on the investment regime. The endogeneity of the structural choice - direct versus indirect - is taken into account by a switching regression approach.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Discussion Paper Series 1 ; No. 2008,15

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Multinational Firms; International Business ; Business Taxes and Subsidies including sales and value-added (VAT)
• Thema: multinational company ; business taxes ; firm-level data ; switching regression ; Multinationales Unternehmen ; Unternehmensbesteuerung ; Körperschaftsteuer ; Steuerwirkung ; Direktinvestition ; Portfolio-Investition ; Deutschland

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Wamser, Georg
• Ereignis: Veröffentlichung
• (wer): Deutsche Bundesbank
• (wo): Frankfurt a. M.
• (wann): 2008

Weitere Informationen

• Handle: http://hdl.handle.net/10419/27640
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ