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"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...
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The Homeland Investment Act provided a tax holiday for the repatriation of foreign earnings. Advocates argued the Act would alleviate financial constraints by reducing the cost to U.S. multinationals of accessing internal capital. This paper shows that repatriations did not increase domestic...
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Multinationale Unternehmen (MNU) forschen zunehmend auch im Ausland. Dies wird oft als Verlagerung von Forschung und Entwicklung (FuE) interpretiert und als Bedrohung des heimatlichen Innovationsstandorts angesehen. So hat der Präsident des Bundesverbandes der Deutschen Industrie (BDI) erst...
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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...
Persistent link: https://www.econbiz.de/10013152600