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Regional Centrality and Tax Competition for FDI

Darby, Julia; Ferrett, Ben; Wooton, Ian - C.E.P.R. Discussion Papers - 2014

We examine a trade model where three countries compete for an exogenous number of firms. In our hub-and-spoke framework, one country is the hub through which all trade with and between spokes takes place. We establish the distribution of industrial activity in the absence of taxes and compare it...

Persistent link: https://www.econbiz.de/10011083935

Competing for a Duopoly: International Trade and Tax Competition

Ferrett, Ben; Wooton, Ian - C.E.P.R. Discussion Papers - 2005

inducements for their FDI projects. Despite this, existing formal treatments of fiscal competition generally focus on the polar …

Persistent link: https://www.econbiz.de/10005661459

Tax Competition and the International Distribution of Firm Ownership: An Invariance Result

Ferrett, Ben; Wooton, Ian - C.E.P.R. Discussion Papers - 2006

relatively profitable production location, the more that nation will be prepared to pay to attract the firm's production facility …. We show this intuition to be false. In equilibrium, both plant location and the tax/subsidy offers are independent of the … countries, making owners of capital indifferent towards the location of production. …

Persistent link: https://www.econbiz.de/10005788936

Tax Competition for Foreign Direct Investment

Haufler, Andreas; Wooton, Ian - C.E.P.R. Discussion Papers - 1997

This paper analyses tax competition between two countries of unequal size trying to attract a foreign-owned monopolist. When regional governments have only a lump-sum profit tax (subsidy) at their disposal, but face exogenous and identical transport costs for imports, then both countries will...

Persistent link: https://www.econbiz.de/10005136406

Cash Flow Taxes in an Open Economy

Bond, Stephen Roy; Devereux, Michael P. - C.E.P.R. Discussion Papers - 2002

source basis. We explore two alternatives, based on the location of consumption, rather than production – destination … to their impact on location decisions and domestic welfare. …

Persistent link: https://www.econbiz.de/10005124352

International Profit Shifting within European Multinationals

Huizinga, Harry; Laeven, Luc - C.E.P.R. Discussion Papers - 2007

The conduct of business activities in two or more countries creates opportunities for international profit shifting, while international tax rate differences create incentives. Using detailed information on both multinational firm structure and the international tax system, this paper examines...

Persistent link: https://www.econbiz.de/10005504561

The Taxation of Foreign Profits: a Unified View

Devereux, Michael P.; Fuest, Clemens; Lockwood, Ben - C.E.P.R. Discussion Papers - 2015

both greenfield and acquisition investment, and a general constraint linking investment at home and abroad for the … investment in the greenfield case, and a cross-border cash flow tax on foreign investment in both cases. These basic results …

Persistent link: https://www.econbiz.de/10011213306

Exports, Foreign Direct Investment and the Costs of Coporate Taxation

Keuschnigg, Christian - C.E.P.R. Discussion Papers - 2006

's production location and reflects the trade-off between exports and foreign direct investment as alternative modes of foreign …

Persistent link: https://www.econbiz.de/10005788989

Capital Structure and International Debt Shifting

Huizinga, Harry; Laeven, Luc; Nicodème, Gaëtan - C.E.P.R. Discussion Papers - 2006

This paper presents a model that relates a multinational firm's optimal debt policy to taxation and to non-tax factors such as the desire to prevent bankruptcy. The model yields the predictions that a multinational's indebtedness in a country depends on national tax rates and differences between...

Persistent link: https://www.econbiz.de/10005791642

International Taxation and Multinational Firm Location Decisions

Barrios, Salvador; Huizinga, Harry; Laeven, Luc; … - C.E.P.R. Discussion Papers - 2008

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 …

Persistent link: https://www.econbiz.de/10005114372