Statutory Corporate Tax Rates and Double-Taxation Treaties as Determinants of Multinational Firm Activity
This paper analyzes the influence of statutory corporate tax rates on profits and of double-taxation treaties (DTTs) on multinational firm (MNE) activity at the micro level. It provides an assessment of the effects of these profit tax instruments on the extensive and the intensive margin of activity. In particular, we estimate two-part quasi-maximum-likelihood models using panel data on the foreign activity of German MNEs in the decade 1996-2005 and find that statutory tax rates affect MNE activity negatively both at the extensive and at the intensive margin of investment, while DTTs primarily induce a positive effect at the extensive margin.
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Volume (Year): 67 (2011)
Issue (Month): 2 (June)
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Buettner, Thiess & Wamser, Georg, 2013.
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"The Impact of Thin-Capitalization Rules on Multinationals' Financing and Investment Decisions,"
2006-06, University of Kentucky, Institute for Federalism and Intergovernmental Relations.
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- Büttner, Thiess & Overesch, Michael & Schreiber, Ulrich & Wamser, Georg, 2008. "The impact of thin-capitalization rules on multinationals' financing and investment decisions," Discussion Paper Series 1: Economic Studies 2008,03, Deutsche Bundesbank.
- Thiess Buettner & Michael Overesch & Georg Wamser, 2011. "Tax Status and Tax Response Heterogeneity of Multinationals' Debt Finance," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 67(2), pages 103-122, June.
- Johannes Becker & Clemens Fuest, 2010.
"Taxing Foreign Profits With International Mergers And Acquisitions,"
International Economic Review,
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- Johannes Becker & Clemens Fuest, 2007. "Taxing Foreign Profits with International Mergers and Acquisitions," Working Papers 0719, Oxford University Centre for Business Taxation.
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