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Exports, foreign direct investment and the costs of corporate taxation

Keuschnigg, Christian - 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/10010264223

Taxes, Profit Shifting, and the Real Activities of Mnes : Evidence from Corporate Tax Notches

Hansen, Jaqueline; Merlo, Valeria; Wamser, Georg - 2023

-tax locations leads to profit relocation to ‘next-best’ low-tax countries, allowing firms to circumvent domestic taxation. We do not …

Persistent link: https://www.econbiz.de/10014345628

Consequences of the new UK tax exemption system: Evidence from micro-level data

Egger, Peter; Merlo, Valeria; Ruf, Martin; Wamser, Georg - 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/10010288468

Intercompany loans and profit shifting: evidence from company-level data

Buettner, Thiess; Wamser, Georg - 2007

This paper is concerned with tax-planning strategies of multinational corporations. A theoretical analysis discusses the choice of the capital structure in a setting where intercompany loans can be used to shift profits to low-tax countries. Empirical evidence is provided using micro-level panel...

Persistent link: https://www.econbiz.de/10010264102

Outsourcing, unemployment and welfare policy

Keuschnigg, Christian; Ribi, Evelyn - 2008

The paper investigates the consequences of outsourcing of labor intensive activities to low-wage economies. This trend challenges the two basic functions of the welfare state, redistribution and social insurance when private unemployment insurance markets are missing. The main results are: (i)...

Persistent link: https://www.econbiz.de/10010264480

Anti Profit-Shifting Rules and Foreign Direct Investment

Buettner, Thiess; Overesch, Michael; Wamser, Georg - 2014

This paper explores the effects of tax provisions aimed at restricting multinationals’ tax planning on foreign direct investment (FDI). Using a unique dataset which allows us to observe the worldwide activities of a large panel of multinational firms, we test how limitations of interest tax...

Persistent link: https://www.econbiz.de/10010352439

Corporate Income Taxes Around the World - A Survey on Forward-looking Tax Measures and Two Applications

Steinmüller, Elias; Thunecke, Georg U.; Wamser, Georg - 2018

This study provides a survey on corporate taxes around the world. Our analysis has three main objectives. First, we collect tax data and calculate (forward-looking) effective tax measures for a large sample of countries and recent years. We particularly describe how these measures vary over time...

Persistent link: https://www.econbiz.de/10011872107

The Tax-Efficient Use of Debt in Multinational Corporations

Møen, Jarle; Schindler, Dirk; Schjelderup, Guttorm; … - 2018

Some multinationals use the parent company as a lender to the group, whereas others set up an internal bank in a low tax jurisdiction. This paper discusses the link between capital structure choices and tax planning motives in multinational groups. We model the trade-off between the use of...

Persistent link: https://www.econbiz.de/10011887393

Incorporation and taxation : theory and firm-level evidence

Egger, Peter; Keuschnigg, Christian; Winner, Hannes - 2009

and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation …

Persistent link: https://www.econbiz.de/10010265996

Design and Consequences of CFC and GILTI Rules: A Review and Potential Lessons for the Global Minimum Tax

Overesch, Michael; Schindler, Dirk; Wamser, Georg - 2024

This chapter provides a description of one of the key anti-tax-avoidance rules to combat profit shifting by multinational corporations, so called Controlled Foreign Corporation (CFC) rules that directly target income in low-tax countries. We explain some key institutional features of CFC...

Persistent link: https://www.econbiz.de/10014534322