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Multinational firms in tax havens : corporate motives, regulatory countermeasures, and recent statistics

Olbert, Marcel; Spengel, Christoph; Weck, Stefan - 2023 - This version: 27 July 2023

We investigate multinational firms' activities in tax havens and regulatory efforts to curb these activities in three steps. First, we discuss the evolution of information exchange and disclosure regimes among tax authorities, with a focus on the recent Countryby-Country (CbC) reporting regimes,...

Persistent link: https://www.econbiz.de/10014367377

Testing the O-ring theory for FDI

Engemann, Martina; Lindemann, Henrike - 2013

foreign direct investment (FDI). In this paper, we therefore adopt the idea of Kremer (1993) and Costinot et al. (2011) of a … sequential production process which is subject to mistakes to the theory of FDI. Using firm-level panel data on German outward … FDI, we show that the affiliate sector's position in the value chain affects the firm's FDI location choice. Affiliates in …

Persistent link: https://www.econbiz.de/10009775632

The organization of knowledge in multinational firms

Gumpert, Anna - 2015

This paper provides the first in-depth study of the organization of knowledge in multinational firms. The paper develops a theoretical model that studies how firms optimally split knowledge between their headquarters and their production plants if communication costs impede the access of...

Persistent link: https://www.econbiz.de/10011373085

The organization of knowledge in multinational firms

Gumpert, Anna - 2017

This paper provides the first in-depth study of the organization of knowledge in multinational firms. In the theory, knowledge is a costly input for firms that they can acquire at their headquarters or their production plants. Communication costs impede the access of the plants to headquarter...

Persistent link: https://www.econbiz.de/10011697278

R&D grant and tax credit support for foreign-owned subsidiaries : does it pay off?

Lenihan, Helena; Mulligan, Kevin; Doran, Justin; … - 2022

Foreign-owned subsidiaries make significant contributions to national Research and Development (R&D) in many host countries. Policymakers often support subsidiaries through R&D grants and R&D tax credits. A key objective of this funding is to leverage R&D-driven firm performance benefits for the...

Persistent link: https://www.econbiz.de/10012816814

Kollektive Lohnverhandlungen und Auslandsdirektinvestitionen : eine empirische Studie mit Firmendaten

Peters, Ralf-Henning - 2000

This paper analyzes the influence of the structure of collective wage bargaining on direct investment abroad. A wage negotiations model shows that high productive firms benefit from centralized bargaining and invest therefore less abroad than under dezentralized bargaining. An empirical study...

Persistent link: https://www.econbiz.de/10013428316

The tax attractiveness of EU locations for corporate investments : a stocktaking of past developments and recent reforms

Gundert, Hannah; Nicolay, Katharina; Steinbrenner, Daniela - 2023

Tax incentives are a key component of governments’ investment policy mix as they directly impact companies’ tax burden. In this paper, we illustrate the EU’s tax attractiveness as investment location over time in terms of effective average tax rates and evaluate potential tax reform...

Persistent link: https://www.econbiz.de/10014472323

The effect of investing abroad on investment at home : on the role of technology, tax savings, and internal capital markets

Goldbach, Stefan; Nagengast, Arne J.; Steinmüller, Elias; … - 2017

This paper examines the relationship between foreign and domestic investment activity of multinational enterprises. The empirical analysis is based on micro data of German firms and their operations at home and abroad, including information on investment in fixed assets. The empirical approach,...

Persistent link: https://www.econbiz.de/10011649212

Uncertainty, misallocation and the life-cycle growth of firms

Mäkynen, Eero; Vähämaa, Oskari - 2021

We develop a measure of static misallocation that separates uncertainty from misallocation generated by tax-like distortions. In the Finnish firm-level data, uncertainty accounts for the majority of ex post misallocation and explains a strong decreasing age-dependent trend in it. To understand...

Persistent link: https://www.econbiz.de/10013394369

A Cluster and a Search Market CanCoexist

Virrankoski, Juha - 2019

I examine a rational expectations model of buyers and capacity con-strained sellers, where traders can choose between a cluster and a searchmarket. Sellers choose a market and post a price, and then buyerschoose which market to visit. There is a pure strategy equilibriumwhere all agents are in...

Persistent link: https://www.econbiz.de/10012503081