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A New Framework to Assess the Fiscal Impact of a Global Minimum Tax on FDI

Casella, Bruno; Souillard, Baptiste - 2022

The OECD agreement in principle on a global minimum corporate income tax – Pillar II of the BEPS project – is a major step in international tax regulation and coordination. Yet, its consequences for foreign direct investment (FDI) have received limited attention thus far. The theme chapter...

Persistent link: https://www.econbiz.de/10014082193

Hosting multinationals : economic and fiscal implications

Egger, Peter; Köthenbürger, Marko - 2015

Switzerland is a prime location for both domestically owned as well as foreign-owned multinational enterprises (MNEs). In this paper, we review the literature on MNE activity with respect to its main fundamental (non-policy) drivers, the non-fiscal consequences of MNEs for various economic...

Persistent link: https://www.econbiz.de/10010526682

The Effect of the Tax Cuts and Jobs Act on Foreign Investment of U.S. Multinational Corporations

Samuel, David M. P. - 2022

This study examines the effect of the 2017 Tax Cuts and Jobs Act (TCJA) on capital investment, labor investment, and the productivity of foreign subsidiaries of U.S. multinational corporations (MNCs). Proponents of the TCJA argue it decreased foreign investment by leveling the playing field...

Persistent link: https://www.econbiz.de/10014238858

R&D grant and tax credit support for foreign-owned subsidiaries : does it pay off?

Lenihan, Helena; Mulligan, Kevin; Doran, Justin; … - 2022

Foreign-owned subsidiaries make significant contributions to national Research and Development (R&D) in many host countries. Policymakers often support subsidiaries through R&D grants and R&D tax credits. A key objective of this funding is to leverage R&D-driven firm performance benefits for the...

Persistent link: https://www.econbiz.de/10012816814

Tax Policy and Investment in a Global Economy

Chodorow-Reich, Gabriel; Smith, Matthew; Zidar, Owen M.; … - National Bureau of Economic Research - 2024

We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...

Persistent link: https://www.econbiz.de/10014512034

A Tax-Systems Perspective on Recent Global Tax Initiatives

Neubig, Thomas S. - 2017

We present four important dimensions to international tax policy from a tax-systems perspective, stressing that non-rate/base tax policies can have different cross-jurisdictional spillover effects than changes in tax rates. The dimensions are the allocation of global income among taxing...

Persistent link: https://www.econbiz.de/10012964603

Taxing the Multinational Enterprise : On the Forced Redesign of Global Value Chains and Other Inefficiencies

Foss, Nicolai J. - 2018

The taxation of the multinational enterprise (MNE) has been a continuing concern for policy-makers. We argue that the … that arise when taxation leads to the inefficient location of MNE activities. Thus, MNEs may shift activities to low … public goods, and public finance scholars have long known that the taxation-based distortions are minimized when the tax …

Persistent link: https://www.econbiz.de/10012920683

Rethinking Tax for the Digital Economy After COVID-19

Diniz Magalhaes, Tarcisio - 2020

contemporary context for excess profits taxes is fundamentally global today, in a way that excess profit taxation during the world …

Persistent link: https://www.econbiz.de/10012830027

An Assessment of Global Formula Apportionment

De Mooij, Ruud A. - 2019

Formula apportionment as a way to attribute taxable profits of multinationals across jurisdictions is receiving increased attention. This paper reviews existing literature and discusses experiences in selective federal states to evaluate the economic properties of formula apportionment relative...

Persistent link: https://www.econbiz.de/10012859856

MNE and where to find them : an intertemporal perspective on the global ownership network

Grosskurth, Philipp - 2019

This paper introduces a simple procedure to construct ownership maps in Stata, uses a new method to map the development of the global network of multinational business groups over time and investigates the development of core components of the network. Based on Bureau van Dijk's ORBIS database,...

Persistent link: https://www.econbiz.de/10012112488