The "exempt surplus" and "underlying foreign tax" of a foreign affiliate are valuable tax attributes for a corporate taxpayer, because they allow the repatriation of foreign earnings free of Canadian tax. As a result, taxpayers over the years have devised various strategies to optimize the use...

Publicly‐traded emerging market affiliates of large multinational corporations (headquartered and mostly also listed in developed markets) have shown remarkably good performance over the last 14 years. These affiliates combined high performance with lower volatility, outperforming both their...

We extend internalization theory by examining the contingencies associated with market internalization and its impact on foreign subsidiary survival. Based on a sample of 6170 subsidiary-year observations in 63 countries belonging to 292 MNCs from Korea during 1995 to 2013, we find that greater...

Recent research in international economics highlights the role of interdependencies of investment decisions and sales of multinational firms. Previous work focused on and provided evidence for aggregate flows or stocks of foreign direct investment, showing that interdependence declines in...

Over the last decade, metal streams have evolved as a popular and tax-effective source of financing for Canadian mining companies. This article considers the principal features of the typical metal stream transaction that are relevant from a tax perspective. The focus is on the common situation...