UNSPECIFIED (2003) Evaluating tax policy for location decisions. INTERNATIONAL TAX AND PUBLIC FINANCE, 10 (2). pp. 107-126. ISSN 0927-5940

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Abstract

We consider the impact of taxation when investors face a discrete choice between two or more mutually exclusive projects; in particular we consider the location choice of multinationals. Such choices depend on an effective average tax rate. We propose a precise measure of this rate, which is shown to be equal to a weighted average of an effective marginal tax rate and an adjusted statutory tax rate, where the weights depend on the profitability of the investment. Estimates of the distribution of this measure are presented and compared for domestic and international investment in the USA, France, Germany and the UK. We analyse the impact of harmonising corporate tax rates in Europe on incentives to locate in France, Germany and the UK.

Item Type:	Journal Article
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
Date:	March 2003
Volume:	10
Number:	2
Number of Pages:	20
Page Range:	pp. 107-126
Publication Status:	Published
URI:	http://wrap.warwick.ac.uk/id/eprint/9816

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