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We quantify the causal effect of foreign investment on total factor productivity (TFP) using a new global firm …-level database. Our identification strategy relies on exploiting the difference in the amount of foreign investment by financial and … domestic firms, we calculate the aggregate impact of foreign investment on country-level productivity growth and find it to be …
Persistent link: https://www.econbiz.de/10010326288
In a cross-border takeover, the tax base associated with future capital gains is transferred from target shareholders to acquirer shareholders. Crosscountry differences in capital gains tax rates enable us to estimate the discount in target valuation on account of future capital gains. A one...
Persistent link: https://www.econbiz.de/10010326290
Es wurde ein Programmsystem zur Finanzplanung mit mehreren Währungen vorgestellt, das den Ausgangspunkt weiterer Planungsanstrengungen in multinationalen Unternehmen bilden kann. Die Konzeption erfolgte insbesondere im Hinblick auf eine präzise Ermittlung derjenigen Fremdwährungsbeträge, die...
Persistent link: https://www.econbiz.de/10011658273
Starting in the late 1970's the attempt to rationalize multinational corporations’ (MNCs) short-term liquid funds management led to the development and implementation of so-called "Netting Systems": In order to reduce the costs associated with transferring inter-affiliate payments, the idea...
Persistent link: https://www.econbiz.de/10011723026
We examine the effects of globalization on the size and composition of tax revenues, worker-specific tax burdens, and effective average labor income tax rates using a unique international database on income tax calculators. We find that due to increasing mobility of firms and high-income...
Persistent link: https://www.econbiz.de/10011725459
Persistent link: https://www.econbiz.de/10011799789
Persistent link: https://www.econbiz.de/10011807553
direct investment. However, response from Japan has been rather subdued. This paper attempts to gain some insight into this … market, and the Government of India has also stimulated foreign direct investment through investor friendly policies, thus …
Persistent link: https://www.econbiz.de/10011807649
An initiative is needed to break the logjam in the international negotiations to reform taxation of multinational enterprises (MNEs). The explosion of profit shifting observed since the 1990s has resulted in hundreds of billions of dollars of tax revenues being lost around the world each year -...
Persistent link: https://www.econbiz.de/10012695526