Some multinationals use the parent company as a lender to the group, whereas others set up an internal bank in a low … theory model using data on the universe of German multinationals. The empirical analysis largely supports our model in that …: (i) smaller firms often rely on parental debt financing; (ii) larger multinationals are more likely to use internal banks …

investment (Foreign Direct Investment-FDI) destination. A large number of multinationals have established operations in India to … economic liberalisation had created challenges in integrating Indian tax system with the world economy during the adjustment … phase. World financial environment had remained depressed since 2008. The actions of the government in the area of taxation …