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Tax Competition for International Producers and the Mode of Foreign Market Entry

Davies, Ronald B; Egger, Hartmut; Egger, Peter - Saïd Business School, Oxford University - 2007

This paper studies tax competition between two countries for an international producer. The international producer chooses where to locate its headquarters and whether to serve the overseas market through exports or foreign direct investment (FDI) and local supply. We show that, in the absence...

Persistent link: https://www.econbiz.de/10005487427

The Distorting Arm’s Length Principle

Devereux, Michael P.; Keuschnigg, Christian - Saïd Business School, Oxford University - 2009

royalty income of multinationals. We develop a model of heterogeneous firms subject to financing frictions and offshoring of … organizational choice between direct investment and outsourcing. Although it raises tax revenue and welfare in the headquarter …

Persistent link: https://www.econbiz.de/10005011774

Outsourcing, Unemployment and Welfare Policy

Keuschnigg, Christian; Ribi, Evelyn - Saïd Business School, Oxford University - 2007

Outsourcing of labor intensive activities challenges the welfare state and undermines the protection of low … results are: (i) Social insurance props up wages, leading to more outsourcing and unskilled unemployment. (ii) Redistribution … from the skilled to the working poor acts as a wage subsidy to unskilled workers, thereby reducing gross wages, outsourcing …

Persistent link: https://www.econbiz.de/10005063505

Cross-border loss offset can fuel tax competition

fler, Andreas Hau; Mardan, Mohammed - Saïd Business School, Oxford University - 2013

Following recent court rulings, cross-border loss compensation for multinational firms has become a major policy issue in Europe. This paper analyzes the effects of introducing a coordinated cross-border tax relief in a setting where multinational firms choose the size of a risky investment and...

Persistent link: https://www.econbiz.de/10011149672

Knocking on Tax Haven’s Door: multinational firms and transfer pricing

Davies, Ronald B.; Martin, Julien; Parenti, Mathieu; … - Saïd Business School, Oxford University - 2015

This paper analyzes the transfer pricing of multinational firms. We propose a simple framework in which intra-firm prices may systematically deviate from arm’s length prices for two motives: i) pricing to market, and ii) tax avoidance. Multinational firms may decide not to avoid taxes if the...

Persistent link: https://www.econbiz.de/10011213848

Who benefits from state corporate tax cuts? A local labour markets approach with heterogeneous firms

Serrato, Juan Carlos Suárez; Zidar, Owen - Saïd Business School, Oxford University - 2015

This paper estimates the incidence of state corporate taxes on the welfare of workers, landowners, and firm owners using variation in state corporate tax rates and apportionment rules. We develop a spatial equilibrium model with imperfectly mobile firms and workers. Firm owners may earn profits...

Persistent link: https://www.econbiz.de/10011204358

Headquarter Relocations and International Taxation

Voget, Johannes - Saïd Business School, Oxford University - 2010

This paper examines the extent of international headquarter relocations worldwide. About 6 percent of all multinationals relocated their headquarter to another country in the 1997-2007 period. The paper presents empirical evidence on the role of tax in these relocation decisions. It considers a...

Persistent link: https://www.econbiz.de/10008620626

The taxation of foreign profits - the old view, the new view and a pragmatic view

Becker, Johannes; Fuest, Clemens - Saïd Business School, Oxford University - 2011

In this short paper, we review the criticism of the standard view (the ’old view’) of foreign profit taxation which goes back to Peggy Musgrave (née Richman, 1963). This ?new view of international taxation is based on recent empirical studies and favours a system where foreign profits are...

Persistent link: https://www.econbiz.de/10009224768

Wages and International Tax Competition

Krautheim, Sebastian; Schmidt-Eisenlohr, Tim - Saïd Business School, Oxford University - 2011

Firms generating larger surpluses on average pay higher wages. We study the effect of this rent-sharing between firms and workers on international tax competition. In our model, firms in a large country can shift surplus to a tax haven. In the benchmark case firms only have a tax incentive for...

Persistent link: https://www.econbiz.de/10009364906

The Increasing Importance of Transfer Pricing Regulations – a Worldwide Overview

Lohse, Theresa; Riedel, Nadine; Spengel, Christoph - Saïd Business School, Oxford University - 2012

As the number of multinational enterprises increases, the number of transactions between entities belonging to the same multinational group rises as well. Intercompany transactions generally offer the opportunity to shift income from one jurisdiction to the other. Income shifting can be driven...

Persistent link: https://www.econbiz.de/10010701996