000			01796nab a2200301 c 4500
003			ES-MaIEF
005			20190404140604.0
007			ta
008			190403t2019 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_930872 _aMutti, John H.
245			_aTaxes and the location of U.S. business activity abroad _c John Mutti and Eric Ohrn
260			_c2019
500			_aDisponible también en formato electrónico en la Biblioteca del IEF.
500			_aResumen.
504			_aBibliografía.
520			_aThis paper updates a seminal study by Harry Grubert that suggested taxation is an important determinant of the location of U.S. business activity abroad (Grubert and Mutti, 1991). The present analysis yields three key findings. First, effective tax rates (ETRs) continue to influence U.S. Multinational Enterprises' (MNEs') location decisions, although our constant elasticity estimates are smaller than other researchers report. Second, the majority of our estimates demonstrate stability over the sample period, across several measures of business activity, and for two common tax rate specifications. Finally, we address the potential endogeneity of the tax variable, and our instrumental variable estimates are larger than baseline elasticities, especially for current year investment and research and development (R&D).
650		4	_94516 _aACTIVIDADES ECONOMICAS
650		4	_947647 _aLOCALIZACION
650		4	_947460 _aIMPUESTOS
650		4	_948067 _aPOLITICA FISCAL
650		4	_943600 _aEMPRESAS MULTINACIONALES
650		4	_942888 _aESTADOS UNIDOS
700	1		_966189 _aOhrn, Eric
773	0		_9159860 _oOP 233/2019/1 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _g v. 72, n. 1, March 2019, p. 165-192
942			_cART
999			_c140327 _d140327