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 … payments and keeping earnings abroad. In 2009, the UK switched to a system under which all foreign-earned income is exempted … from taxation. This fundamental change had a number of straightforward implications for UK-owned multinational firms and …