Books > Business & Economics > Business & management > International business
|
Not currently available
Studies in International Taxation (Hardcover, New)
Loot Price: R3,042
Discovery Miles 30 420
|
|
Studies in International Taxation (Hardcover, New)
Series: NBER-Project Reports
Supplier out of stock. If you add this item to your wish list we will let you know when it becomes available.
|
As the global economy continues to evolve, events such as the
unification of European markets have prompted economists and
policymakers to consider whether the current system of taxing
income is inconsistent with the trend toward liberalized world
financial flows and increased international competition. To help
assess the effectiveness of existing tax policies and incentives,
this volume presents new research on how taxes affect the
investment and financing decisions of multinationals today. The
authors examine international financial management, business
investment, and international income shifting. The first three
papers focus on financial management. Chapter 1 analyzes how tax
and non-tax factors affect the relative importance of portfolio
equity investments versus foreign direct investments and finds that
the composition of equity flows differs dramatically according to
tax differences. The authors of the second chapter look at the
impact of U.S. and Canadian tax reforms on the financing of U.S.
multinationals operating in Canada. Chapter 3 uses new data from
1986 corporate income tax returns to examine the effects of taxes
on decisions by foreign subsidiaries to repatriate dividends to
U.S. parent corporations. The next three chapters address
international business investment. The authors of Chapter 4
consider why most models fail to show how tax policy affects
foreign direct investment, and they offer improved models. Chapter
5 models U.S. tax incentives for the level and location of R&D
performed by multinationals, and reveals that changes in the
after-tax price of R&D have a significant effect on spending
decisions of U.S. multinationals. Chapter 6 offers descriptive
evidencefrom a careful field study of location and sourcing
decisions in nine U.S. multinational manufacturing corporations.
The final two papers examine income shifting. In chapter 7, the
authors consider the fact that foreign-controlled companies in the
United States pay lower taxes than do domestically-controlled
companies. Unlike other studies, this one uses firm-level data
files, including the actual tax returns filed by foreign-controlled
companies. The eighth paper quantitatively assesses the importance
of income shifting of U.S. multinationals, using Compustat data for
1984 through 1988 as well as information from annual reports. This
volume will guide the development of new theoretical models in
public finance and international economics, as well as inform the
ongoing policy debate about reforming the taxation of multinational
businesses in the United States and abroad.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.