Format:
1 Online-Ressource (circa 50 Seiten)
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ISBN:
9781484337493
Series Statement:
IMF working paper WP/18, 7
Content:
In 2009, the United Kingdom changed from a worldwide to a territorial tax system, abolishing dividend taxes on foreign repatriation from many low-tax countries. This paper assesses the causal effect of territorial taxation on real investments, using a unique dataset for multinational affiliates in 27 European countries and employing the difference-in-difference approach. It finds that the territorial reform has increased the investment rate of UK multinationals by 15.7 percentage points in low-tax countries. In the absence of any significant investment reduction elsewhere, the findings represent a likely increase in total outbound investment by UK multinationals
Additional Edition:
Erscheint auch als Druck-Ausgabe Liu, Li Where Does Multinational Investment Go with Territorial Taxation? Evidence from the UK Washington, D.C. : International Monetary Fund, 2018 ISBN 9781484337493
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781484337493.001
URL:
Volltext
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URL:
Volltext
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Author information:
Liu, Li
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