The Capital Structure of Multinational Companies under Tax Competition

This article studies the relationship between debt policies of multinational companies (MNCs) and governments’ tax strategies. In the first part, it is shown that the ability to shift income from high- to low-tax countries affects MNCs’ financial choices. In the second part we show how MNCs’ financial decisions can affect the tax strategies of two governments competing to attract income.

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Year of publication:	2006
Authors:	Panteghini, Paolo
Institutions:	CESifo
Subject:	capital structure \| country risk \| default \| multinationals \| tax competition

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Extent:	application/pdf
Series:	CESifo Working Paper Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 1721
Classification:	G31 - Capital Budgeting; Investment Policy ; H25 - Business Taxes and Subsidies ; H32 - Firm
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005765711