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Tax Policy and Investment in a Global Economy

Chodorow-Reich, Gabriel; Smith, Matthew; Zidar, Owen M.; … - National Bureau of Economic Research - 2024

We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...

Persistent link: https://www.econbiz.de/10014512034

Tax Rate and Tax Base Competition for Foreign Direct Investment

Egger, Peter; Raff, Horst - CESifo - 2011

This paper argues that the large reduction in corporate tax rates and only gradual widening of tax bases in many countries over the last decades are consistent with tougher international competition for foreign direct investment (FDI). To make this point we develop a model in which governments...

Persistent link: https://www.econbiz.de/10009320778

A Race beyond the Bottom: The Nature of Bidding for a Firm

Furusawa, Taiji; Hori, Kazumi; Wooton, Ian - CESifo - 2010

We examine how the bidding environment may affect the outcome of tax competition between two countries (or two regions) in attracting a firm’s foreign direct investment (FDI).We compare the equilibrium location choice and payoffs from an English auction, with both complete and incomplete...

Persistent link: https://www.econbiz.de/10008533990

Exports, Foreign Direct Investment and the Costs of Corporate Taxation

Keuschnigg, Christian - CESifo - 2007

This paper develops a model of a monopolistically competitive industry with extensive and intensive business investment and shows how these margins respond to changes in average and marginal corporate tax rates. Intensive investment refers to the size of a firm’s capital stock. Extensive...

Persistent link: https://www.econbiz.de/10005094313

Profit Shifting in the EU: Evidence from Germany

Weichenrieder, Alfons - CESifo - 2007

The paper considers profit shifting behavior using data on German inbound and outbound FDI. It finds an empirical correlation between the home country tax rate of a parent and the net of tax profitability of its German affiliate that is consistent with profit shifting behavior. For profitable...

Persistent link: https://www.econbiz.de/10005094317

FDI and Taxation: A Meta-Study

Feld, Lars P.; Heckemeyer, Jost Henrich - CESifo - 2009

resorted to empirical analysis in order to gain insights on the elasticity of FDI with respect to company taxation. As a result …, the empirical literature on taxation and international capital flows has grown to a similar abundance during the last 25 … empirical evidence. In this paper we extend former meta-analyses on FDI and taxation in three ways. First, we add the most …

Persistent link: https://www.econbiz.de/10005094318

Consequences of the New UK Tax Exemption System: Evidence from Micro-level Data

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

Until 2009, the United Kingdom operated a system of worldwide taxation. Taxation of foreign income was deferred until … repatriated as dividends, leaving UK-owned multinational firms the possibility of avoiding UK taxation by delaying dividend … from taxation. This fundamental change had a number of straightforward implications for UK-owned multinational firms and …

Persistent link: https://www.econbiz.de/10010578157

Do Countries Compensate Firms for International Wage Differentials?

Mittermaier, Ferdinand; Rincke, Johannes - CESifo - 2010

We address the role of labor cost differentials for national tax policies. Using a simple theoretical framework with two countries competing for a mobile firm, we show that in a bidding race for FDI, it is optimal for governments to compensate firms for international labor cost differentials....

Persistent link: https://www.econbiz.de/10008671738

Host-Country Financial Development and Multinational Activity

Bilir, Kamran - 2014

This paper evaluates the influence of host-country financial development on the global operations of multinational firms. Using detailed U.S. data, we provide evidence that host-country financial development increases entry by multinational affiliates, while also decreasing affiliate sales in...

Persistent link: https://www.econbiz.de/10012458618

Experience Rating as an Automatic Stabilizer

Duggan, Mark G.; Johnston, Andrew; Guo, Audrey - National Bureau of Economic Research - 2022

Unemployment insurance taxes are experience-rated to penalize firms that dismiss workers. We examine whether experience rating acts as an automatic stabilizer in the labor market. We exploit the fact that penalties for layoffs vary by state using detailed data on state tax schedules, and we...

Persistent link: https://www.econbiz.de/10013462699

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