Arulampalam, Wiji; Devereux, Michael P.; Liberini, Federica - Saïd Business School, Oxford University - 2012
This paper uses firm-level data to investigate the impact of taxes on the international location of targets in M&A. In principle, a higher tax rate in the target’s country could make an acquisition there more likely, less likely, or have no effect at all. We combine financial and ownership...