Ramb, Fred; Weichenrieder, Alfons J. - Institut für Weltwirtschaft (IfW) - 2005
The paper analyses the financial structure of German inward FDI. From a tax perspective, intra-company loans granted by … profitable firms. This gives support to the frequent concern that high German taxes are partly responsible for the high levels of … intra-company loans. Taxation, however, does not fully explain the high levels of intra-company borrowing. Roughly 60% of …