Taxation and the Birth of Foreign Subsidiaries

The paper studies the influence of tax policy on foreign direct investment with a particular emphasis on immature subsidiaries. Among other things it shows that taxes on repatriations reduce the subsidiary's "birth weight", that lump sum taxes reduce its cost of capital, and that the possibility of deferral increases this cost. The paper rejects the popular weighted average specification of the subsidiary's cost of capital

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Year of publication:	[2021]
Authors:	Sinn, Hans-Werner
Publisher:	[S.l.] : SSRN
Subject:	Ausländische Tochtergesellschaft \| Foreign subsidiary \| Multinationales Unternehmen \| Transnational corporation \| Unternehmensbesteuerung \| Corporate taxation

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Extent:	1 Online-Ressource (39 p)
Series:	NBER Working Paper ; No. w3519
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 1990 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013247274