UNSPECIFIED (2003) Taxing multinationals. In: 58th Congress of the International Institute of Public Finance, HELSINKI, FINLAND, AUG, 2002. Published in: INTERNATIONAL TAX AND PUBLIC FINANCE, 10 (4). pp. 469-487. ISSN 0927-5940.

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Abstract

This paper analyzes the effects of tax policy on the strategic choices of multinationals and on national welfare. Contrary to existing theory, in the absence of foreign taxation, deferral of home-country taxation until earnings on outbound FDI are repatriated is generally superior to including those earnings in current income. This holds even if the home country taxes domestic investment less generously. This is also generally superior to exempting foreign income. Foreign taxes permit foreign governments to capture some of the pre-tax economic rent from the home-country FDI; this reduces the benefit to the home country of more generous taxation of outbound FDI.

Item Type:	Conference Item (UNSPECIFIED)
Subjects:	H Social Sciences > HC Economic History and Conditions
Journal or Publication Title:	INTERNATIONAL TAX AND PUBLIC FINANCE
Publisher:	KLUWER ACADEMIC PUBL
ISSN:	0927-5940
Official Date:	August 2003
Dates:	Date Event August 2003 UNSPECIFIED
Volume:	10
Number:	4
Number of Pages:	19
Page Range:	pp. 469-487
Publication Status:	Published
Title of Event:	58th Congress of the International Institute of Public Finance
Location of Event:	HELSINKI, FINLAND
Date(s) of Event:	AUG, 2002

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