Dharmapala, Dhammika; Forbes, Kristin; Foley, C. Fritz - National Bureau of Economic Research (NBER) - 2009
This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax holiday for the repatriation of foreign earnings by U.S. multinationals. The analysis controls for endogeneity and omitted variable bias by using instruments that identify the...