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 M.
Publisher:	Munich : Center for Economic Studies and ifo Institute (CESifo)
Subject:	Steuerwettbewerb \| Kapitalstruktur \| Multinationales Unternehmen \| Gewinnverlagerung \| Theorie

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Series:	CESifo Working Paper ; 1721
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	516983148 [GVK] hdl:10419/25766 [Handle]
Classification:	G31 - Capital Budgeting; Investment Policy ; H25 - Business Taxes and Subsidies ; H32 - Firm
Source:	EconStor

Persistent link: https://www.econbiz.de/10010263912