Similar Search Results

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

Transfer Pricing and Debt Shifting in Multinationals

Schindler, Dirk; Schjelderup, Guttorm - 2013

There is a growing concern that governments lose substantial corporate tax revenue because of profit shifting through transfer-pricing and thin-capitalization strategies. Existing literature studies profit shifting and transfer pricing separately. In practice, the choice of debt-to-asset ratios...

Persistent link: https://www.econbiz.de/10010323000

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

Royalty Taxation under Tax Competition and Profit Shifting

Juranek, Steffen; Schindler, Dirk; Schneider, Andrea - 2018

The increasing use of intellectual property as a means to shift profits to low-tax jurisdictions or jurisdictions with so-called ‘patent boxes’ is a major challenge for the corporate tax base of medium- and high-tax countries. Extending a standard tax competition model for capital-enhancing...

Persistent link: https://www.econbiz.de/10011931977

Multinationals, minority ownership and tax-efficient financing structures

Schindler, Dirk; Schjelderup, Guttorm - 2010

This paper presents a theory model that simultaneously accounts for the financing decisions and ownership structure in affiliates of multinational firms. We find that affiliates of multinationals have higher internal and overall debt ratios and lower rental rates of physical capital than...

Persistent link: https://www.econbiz.de/10010270552

International debt shifting: Do multinationals shift internal or external debt?

Møen, Jarle; Schindler, Dirk; Schjelderup, Guttorm; … - 2011

Multinational companies can exploit the tax advantage of debt more aggressively than national companies by shifting debt from affiliates in low tax countries to affiliates in high tax countries. Previous papers have either omitted internal debt or external debt from the analysis. We are the...

Persistent link: https://www.econbiz.de/10010277407