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Foreign (in)direct investment and corporate taxation

Wamser, Georg (contributor) - 2008

This paper investigates the role of corporate taxation with respect to a multinational's investment decision, in which the multinational can pursue either a direct or an indirect investment strategy. The latter involves at least three corporate entities and opens up enhanced opportunities for...

Persistent link: https://www.econbiz.de/10003794353

Consequences of the new UK tax exemption system : evidence from micro-level data

Egger, Peter; Merlo, Valeria; Ruf, Martin; Wamser, Georg - 2012

repatriated as dividends, leaving UK-owned multinational firms the possibility of avoiding UK taxation by delaying dividend … suggest that the switch to tax exemption not only changed dividend repatriation behavior of firms but also the conditions … ; tax exemption system ; dividend exemption ; foreign direct investment …

Persistent link: https://www.econbiz.de/10009630130

Anti profit-shifting rules and foreign direct investment

Büttner, Thiess; Overesch, Michael; Wamser, Georg - 2014

This paper explores the effects of tax provisions aimed at restricting multinationals' tax planning on foreign direct investment (FDI). Using a unique dataset which allows us to observe the worldwide activities of a large panel of multinational firms, we test how limitations of interest tax...

Persistent link: https://www.econbiz.de/10010257227

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

Corporate income taxes around the world : a survey on forward-looking tax measures and two applications

Steinmüller, Elias; Thunecke, Georg U.; Wamser, Georg - 2018

This study provides a survey on corporate taxes around the world. Our analysis has three main objectives. First, we collect tax data and calculate (forward-looking) effective tax measures for a large sample of countries and recent years. We particularly describe how these measures vary over time...

Persistent link: https://www.econbiz.de/10011847579

Tax-response heterogeneity and the effects of double taxation treaties on the location choices of multinational firms

Behrendt, Simon; Wamser, Georg - 2018

This paper examines location choices of multinational enterprises (MNEs). We particularly focus on the consequences of double taxation treaties (DTTs) and corporate profit taxes on the probability to choose a location. DTTs have become a key policy instrument used by countries to regulate...

Persistent link: https://www.econbiz.de/10011793840

The tax-efficient use of debt in multinational corporations

Møen, Jarle; Schindler, Dirk; Schjelderup, Guttorm; … - 2018

Some multinationals use the parent company as a lender to the group, whereas others set up an internal bank in a low tax jurisdiction. This paper discusses the link between capital structure choices and tax planning motives in multinational groups. We model the trade-off between the use of...

Persistent link: https://www.econbiz.de/10011872932

Design and consequences of CFC and GILTI rules : a review and potential lessons for the global minimum tax

Overesch, Michael; Schindler, Dirk; Wamser, Georg - 2024

This chapter provides a description of one of the key anti-tax-avoidance rules to combat profit shifting by multinational corporations, so called Controlled Foreign Corporation (CFC) rules that directly target income in low-tax countries. We explain some key institutional features of CFC...

Persistent link: https://www.econbiz.de/10014505306

Profit-shifting elasticities, channels, and the role of tax havens : evidence from micro-level data

Merlo, Valeria; Wamser, Georg - 2024

This chapter reviews the literature providing empirical estimates on the tax elasticity of multinational profits and discusses the challenges faced when attempting to quantify tax-motivated profit shifting. We first use micro-level data to show that multinational corporations hold a...

Persistent link: https://www.econbiz.de/10014514815

Taxes, profit shifting, and the real activities of MNEs : evidence from corporate tax notches

Hansen, Jaqueline; Merlo, Valeria; Wamser, Georg - 2023

We exploit exogenous variation in tax notches created by controlled foreign corporation (CFC) rules to better understand the profit-shifting behavior of multinational enterprises (MNEs) and its consequences for real activity. Using new data on CFC rules and information on direct parent-affiliate...

Persistent link: https://www.econbiz.de/10014322011