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Strategic Tax Competition; Implications of National Ownership

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  • Olsen, T.E.
  • Osmundsen, P.

Abstract

Two jurisdictions compete to capture the rents of a large multinational enterprise (MNE) which invests locally and which is partly owned by local investors. The MNE contributes to local welfare by tax payments and dividends and it has private information about the efficiency of the operations in the two localisations. It is shown that the distortions in the MNE's real investment portfolio are determined by a trade-off between fiscal externalities and equity externalities.

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Bibliographic Info

Paper provided by Norwegian School of Economics and Business Administration- in its series Papers with number 11/98.

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Length: 47 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:fth:norgee:11/98

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Postal: NORWEGIAN SCHOOL OF ECONOMICS AND BUSINESS ADMINISTRATION, HELLEVEIEN 30, 5035 BERGEN SANDVIKEN NORWAY.
Phone: 5595 9000
Fax: 5595 9100
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Web page: http://www.nhh.no/
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Keywords: TAXATION ; COMPETITION;

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References

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  18. Michael Peters, 1999. "Common Agency and the Revelation Principle," Working Papers peters-99-01, University of Toronto, Department of Economics.
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