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The Effects of Taxation on Multinational Corporations

National Bureau of Economic Research Project Report

Hardcover

Published: 1st September 1995
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The tax rules of the United States and other countries have intended and unintended effects on the operations of multinational corporations, influencing everything from the formation and allocation of capital to competitive strategies. The growing importance of international business has led economists to reconsider whether current systems of taxing international income are viable in a world of significant capital market integration and global commercial competition.
In an attempt to quantify the effect of tax policy on international investment choices, this volume presents in-depth analyses of the interaction of international tax rules and the investment decisions of multinational enterprises. Ten papers assess the role played by multinational firms and their investment in the U.S. economy and the design of international tax rules for multinational investment; analyze channels through which international tax rules affect the costs of international business activities; and examine ways in which international tax rules affect financing decisions of multinational firms. As a group, the papers demonstrate that international tax rules have significant effects on firms' investment and other financing decisions.

Preface
Introduction Martin Feldstein
Outward Direct Investment and the U.S. Economy Robert E. Lipsey Comment
The Effects of Outbound Foreign Direct Investment on the Domestic Capital Stock Martin Feldstein Comment
Why Is There Corporate Taxation in a Small Open Economy? The Role of Transfer Pricing and Income Shifting Roger H. Gordon
The Impact of International Tax Rules on the Cost of Capital Joosung Jun Comment
The Tax Sensitivity of Foreign Direct Investment: Evidence from Firm-Level Panel Data Jason G. Cummins
The Alternative Minimum Tax and the Behavior of Multinational Corporations Andrew B. Lyon, Gerald Silverstein. Comment
Accounting Standards, Information Flow, and Firm Investment Behavior Jason G. Cummins, Trevor S. Harris, Kevin A. Hassett. Comment
Taxes, Technology Transfer, and the R&D Activities of Multinational Firms James R. Hines, Jr Comment
Do Repatriation Taxes Matter? Evidence from the Tax Returns of U.S. Multinationals Rosanne Altshuler
Interest Allocation Rules, Financing Patterns, and the Operations of U.S. Multinationals Kenneth A. Froot
Contributors
Author Index
Subject Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780226240954
ISBN-10: 0226240959
Series: National Bureau of Economic Research Project Report
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 334
Published: 1st September 1995
Publisher: UNIV OF CHICAGO PR
Dimensions (cm): 23.749 x 16.281  x 2.388
Weight (kg): 0.649