000			02115nab a2200313 c 4500
999			_c142401 _d142401
003			ES-MaIEF
005			20200824104905.0
007			ta
008			200824t2020 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_956380 _aOveresch, Michael
245		0	_aDo U.S. firms avoid more taxes than their European peers? _bon firm characteristics and tax legislation as determinants of tax differentials _c Michael Overesch, Sabine Strueder and Georg Wamser
260			_c2020
500			_aResumen.
504			_aBibliografía.
520			_aUsing pairs of similar U.S. and European firms listed on the S&P 500 or Stoxx Europe 600, we examine effective tax differentials between U.S. multinational corporations (MNCs) and their European peers. We particularly focus on the influence of tax policy on tax differentials between MNCs from the United States and Europe. Our findings suggest that U.S. MNCs had been avoiding more taxes compared to their European peers before the 2017 U.S. tax reform. Furthermore, results show that U.S. MNCs compensated for about half of the significantly larger statutory tax burden before the U.S. tax reform by avoiding more taxes than their European peers. Based on past reforms, we confirm that international tax legislation affects effective tax expenses. Our results reveal that more lenient controlled foreign company (CFC) rules are associated with lower effective tax rates. Moreover, our results suggest that the switch to a territorial system reduces deferred taxes, while we find no evidence that current and foreign tax expenses are affected.
650		4	_943600 _aEMPRESAS MULTINACIONALES
650		4	_941661 _aIMPUESTOS
650		4	_948570 _aTIPOS DE GRAVAMEN
650		4	_948385 _aELUSION FISCAL
650		4	_aDERECHO COMPARADO _941877
650		4	_947736 _aESTADOS UNIDOS
650		4	_aEUROPA _943946
700	1		_968164 _aStrueder, Sabine
700	1		_957381 _aWamser, Georg
773	0		_9162565 _oOP 233/2020/2 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _gv. 73, n. 2, June 2020, p. 361-400
942			_cART