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This paper aims at analysing the determinants of the recent wave of European banks to Brazil under the context of the recent phase of banking internationalisation. In its first part, it analyses the process of banking internationalisation from both analytical and historical approach. Focusing on...
Persistent link: https://www.econbiz.de/10011689902
Using a large international firm-level data set, we estimate separate effects of host and parent country taxation on … 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/10010276037
This paper examines prudential regulation of a multinational bank (MNB hereafter) and shows how regulatory intervention depends on the liability structure and insurance arrangements for non local depositors (i.e. on the representation form for foreign units). Shared liability among the MNB’s...
Persistent link: https://www.econbiz.de/10011604477
We analyze the impact of tax loss treatment on the size and structure of multinational investments. Basically, two effects of tax loss treatment can be expected. First, firms make their investment decisions in the face of potential future losses. Then, the various types of conceivable loss...
Persistent link: https://www.econbiz.de/10010303806
corresponds to that of Germany. The impact of taxation on investments is negative. A ten percentage points higher corporate tax … German multinationals' direct investments abroad and of foreign multinationals' investments in Germany from 1996 till 2008. A …
Persistent link: https://www.econbiz.de/10010309286
the countries with the largest banking centers, UK and Germany, are well diversified. By contrast, the New Member States …
Persistent link: https://www.econbiz.de/10010325659
Recent developments on international financial markets have called the benefits of bank globalization into question. Large, internationally active banks have acquired substantial market power, and international activities have not necessarily made banks less risky. Yet, surprisingly little is...
Persistent link: https://www.econbiz.de/10010302605
Persistent link: https://www.econbiz.de/10011695815
Persistent link: https://www.econbiz.de/10011696650
In this study, we estimate the impacts of differences in international tax rates on the probability of choosing a location for an affiliate of a multinational firm. In particular, we distinguish between the tax sensitivity of Greenfield and M&A investments. Based on a novel firm-level dataset on...
Persistent link: https://www.econbiz.de/10010277219