Harris, Jeremiah
U.S. worldwide taxation and domestic mergers and acquisitions / Jeremiah Harris, William O'Brien .-- , 2018
Disponible únicamente en formato PDF en el repositorio de la Biblioteca del IEF con el nombre: 1441-2018-2-3HAR.
Resumen.
Bibliografía.
This study shows that domestic mergers and acquisitions (M&A) were inhibited by the U.S.’s worldwide tax policy on foreign-earned income. Double Irish structures, a complex web of subsidiaries that reduce foreign tax rates and therefore increase potential repatriation tax rates, are associated with lower levels of domestic M&A by U.S. firms. These results do not reflect a continuation of prior trends or declines in worldwide acquisitiveness and are robust to several econometric approaches. We suggest that the Double Irish variable mitigates a confounding effect in an alternative tax variable that clouds inferences in tests of repatriation taxes and domestic M&A.
POLITICA FISCAL
EMPRESAS
CONCENTRACION
ESTADOS UNIDOS
MODELOS ECONOMETRICOS
O'Brien, William
Journal of Accounting and Economics 0165-4101 v. 66, Issue 2-3, November- December 2018, p. 419-438
U.S. worldwide taxation and domestic mergers and acquisitions / Jeremiah Harris, William O'Brien .-- , 2018
Disponible únicamente en formato PDF en el repositorio de la Biblioteca del IEF con el nombre: 1441-2018-2-3HAR.
Resumen.
Bibliografía.
This study shows that domestic mergers and acquisitions (M&A) were inhibited by the U.S.’s worldwide tax policy on foreign-earned income. Double Irish structures, a complex web of subsidiaries that reduce foreign tax rates and therefore increase potential repatriation tax rates, are associated with lower levels of domestic M&A by U.S. firms. These results do not reflect a continuation of prior trends or declines in worldwide acquisitiveness and are robust to several econometric approaches. We suggest that the Double Irish variable mitigates a confounding effect in an alternative tax variable that clouds inferences in tests of repatriation taxes and domestic M&A.
POLITICA FISCAL
EMPRESAS
CONCENTRACION
ESTADOS UNIDOS
MODELOS ECONOMETRICOS
O'Brien, William
Journal of Accounting and Economics 0165-4101 v. 66, Issue 2-3, November- December 2018, p. 419-438