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International taxation and productivity effects of M&As
Todtenhaupt, Maximilian; Voget, Johannes - 2017
We investigate the effect of international differences in corporate taxation on the realization of productivity gains … thus mitigate the resulting productivity improvement. Using firm-level data on inputs and outputs of production as well as … of two merging firms reduces the subsequent total factor productivity gain by 4.5%. This effect is less pronounced when …
Persistent link: https://www.econbiz.de/10011612569
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The consequences of the 2017 US international tax reform : a survey of the evidence
Dharmapala, Dhammika - 2023
The 2017 US tax legislation - widely referred to as the Tax Cut and Jobs Act (TCJA) - fundamentally transformed the US system of international taxation. It ostensibly ended worldwide taxation but introduced, for instance, a new tax on "Global Intangible Low-Taxed Income" (GILTI). This paper...
Persistent link: https://www.econbiz.de/10014442439
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International Taxation and Productivity Effects of M&As
Todtenhaupt, Maximilian - 2020
We investigate how changes in firm productivity after M&As are affected by differences in profit taxation between the … M&A and thus inhibit the realization of productivity improvements. Using firm-level data on inputs and outputs of … reduces the subsequent total factor productivity gain. This effect is less pronounced when firms can use international profit …
Persistent link: https://www.econbiz.de/10012854569
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International Taxation and Productivity Effects of M&As
Todtenhaupt, Maximilian; Voget, Johannes - 2021
We investigate how changes in firm productivity after M&As are affected by differences in profit taxation between the … M&A and thus inhibit the realization of productivity improvements. Using firm-level data on inputs and outputs of … reduces the subsequent total factor productivity gain. This effect is concentrated in horizontal M&As and less pronounced when …
Persistent link: https://www.econbiz.de/10013236194
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The economics of corporate and business tax reform
Dharmapala, Dhammika - 2016
The reform of corporate and business taxation is central to current tax policy debates in the United States. This paper provides a framework for analyzing reform proposals by describing the lessons from current economic research for business tax reform, addressing both international and domestic...
Persistent link: https://www.econbiz.de/10011454042
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International taxation and M&A prices
Hagen, Dominik von; Pönnighaus, Fabian Nicolas - 2017
We show that corporate taxation systems regarding foreign dividends and capital gains across 49 countries differ in many aspects, contradicting the requirements for capital ownership neutrality and indicating that ownership patterns are distorted. Consequently, a national tax policy maker may...
Persistent link: https://www.econbiz.de/10011738993
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Estimating the costs of international corporate tax avoidance : the case of the Czech Republic
Jansky, Petr - 2016
International corporate tax avoidance by multinational enterprises likely lowers the Czech Republic's corporate income tax revenue, but it is not clear by how much. To clarify this I first review existing estimates of the costs of international corporate tax avoidance to government revenue...
Persistent link: https://www.econbiz.de/10011568602
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Global distribution of revenue loss from tax avoidance : re-estimation and country results
Cobham, Alex; Janský, Petr - International Centre for Tax and Development - 2017
International corporate tax is an important source of government revenue, especially in lower-income countries. An important recent study of the scale of this problem was carried out by International Monetary Fund researchers Ernesto Crivelli, Ruud De Mooij, and Michael Keen. We first...
Persistent link: https://www.econbiz.de/10011622320
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Chapter 28 International taxation
Gordon, Roger H.; Hines, James R. - In: Handbook of public economics : volume 4, (pp. 1935-1995). 2002
The integration of world capital markets carries important implications for the design and impact of tax policies. This …
Persistent link: https://www.econbiz.de/10014024861
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Impact of controlled foreign corporation rules on post-acquisition investment and profit shifting in targets
Hagen, Dominik von; Harendt, Christoph - 2017
We investigate real investment, financial revenues and profits in formerly domestic firms once they enter a multinational entity (MNE) through an acquisition. We argue that following the acquisition, those targets are tax-optimized in a profit shifting context if they are acquired by MNEs with...
Persistent link: https://www.econbiz.de/10011756005