Heckemeyer, Jost Heinrich
"Home sweet home" versus international tax planning : where do multinational firms hold their U.S. trademarks? / Jost H. Heckemeyer, Pia Olligs and Michael Overesch .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
This study analyzes whether tax incentives affect the geographical allocation of U.S. trademark rights within large multinational enterprises. Considering the S&P 500 firms, we find a strong home country concentration of U.S. trademark ownership. Our results suggest that offshore ownership of trademarks is mainly motivated by foreign activities rather than tax considerations. An analysis of the location choice reveals a significant negative impact of host-country taxes but only if controlled-foreign-company legislation does not apply. Companies active in industries that are known for producing mobile income tend to hold more trademarks offshore. In particular, trademarks of software firms and drugmakers are overrepresented in tax havens. European multinationals share similar location preferences.
EMPRESAS MULTINACIONALES
MARCAS
REGISTRO INDUSTRIAL
IMPUESTOS
INCENTIVOS FISCALES
ESTADOS UNIDOS
Olligs, Pia
Overesch, Michael
National Tax Journal 0028-0283 v. 71, n. 3, September 2018, p. 485-520
"Home sweet home" versus international tax planning : where do multinational firms hold their U.S. trademarks? / Jost H. Heckemeyer, Pia Olligs and Michael Overesch .-- , 2018
Disponible también en formato electrónico a través de la Biblioteca del IEF.
Resumen.
Bibliografía.
This study analyzes whether tax incentives affect the geographical allocation of U.S. trademark rights within large multinational enterprises. Considering the S&P 500 firms, we find a strong home country concentration of U.S. trademark ownership. Our results suggest that offshore ownership of trademarks is mainly motivated by foreign activities rather than tax considerations. An analysis of the location choice reveals a significant negative impact of host-country taxes but only if controlled-foreign-company legislation does not apply. Companies active in industries that are known for producing mobile income tend to hold more trademarks offshore. In particular, trademarks of software firms and drugmakers are overrepresented in tax havens. European multinationals share similar location preferences.
EMPRESAS MULTINACIONALES
MARCAS
REGISTRO INDUSTRIAL
IMPUESTOS
INCENTIVOS FISCALES
ESTADOS UNIDOS
Olligs, Pia
Overesch, Michael
National Tax Journal 0028-0283 v. 71, n. 3, September 2018, p. 485-520