multinational enterprise regarding the cross border distribution of its investment and the choice of its financing behavior. We …

effects of tax loss treatment can be expected. First, firms make their investment decisions in the face of potential future … losses. Then, the various types of conceivable loss offset provisions affect investment decisions. Secondly, existing loss … carryforwards resulting from losses in the past affect the tax rate-elasticity of current investment decisions. The empirical …

German multinationals' direct investments abroad and of foreign multinationals' investments in Germany from 1996 till 2008. A … corresponds to that of Germany. The impact of taxation on investments is negative. A ten percentage points higher corporate tax …

affiliates of the multinational group the higher is its level of intangible asset investment. This effect is statistically and … economically significant, even after controlling for subsidiary size and accounting for a dynamic intangible investment pattern. …