| 000 | 02545nam a2200313 c 4500 | ||
|---|---|---|---|
| 999 |
_c148637 _d148637 |
||
| 003 | ES-MaIEF | ||
| 005 | 20240125150127.0 | ||
| 007 | ta | ||
| 008 | 190319t2023 fr |||||o|||| 00| 0 eng d | ||
| 017 | _ata | ||
| 024 | _ahttps://dx.doi.org/10.1787/e817ce39-en | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
||
| 100 | 1 |
_967694 _aHanappi, Tibor |
|
| 245 | 0 |
_aTax and investment by multinational enterprises _helectrónico _ban empirical analysis of tax sensitivities within and across jurisdictions _c by Tibor Hanappi and David Whyman |
|
| 260 |
_aParis _bOECD Publishing _c2023 |
||
| 300 |
_a65 p. _bgraf. _e1 recurso en línea |
||
| 490 |
_aOECD taxation working papers ; _vno. 64 |
||
| 500 | _aDisponible en el Repositorio de la Biblioteca del IEF. | ||
| 504 | _aBibliografía. | ||
| 520 | _aThis paper investigates two closely related questions concerning the responses of Multinational Enterprise (MNE) investment to corporate income taxation using a panel of unconsolidated subsidiary-level and consolidated group-level data from the ORBIS database. First, the paper provides new evidence on the heterogeneity of investment responses to taxation across multinational firms. This paper finds that profit shifting opportunities, access to credit, and market power at the group level are associated with decreased investment sensitivity to taxation among MNE subsidiaries. Second, a new empirical approach is used to investigate how tax changes at the host jurisdiction level affect investment at the MNE group level and whether there are propagation effects to foreign subsidiaries within the same MNE group. This paper finds that tax rates in one jurisdiction in which an MNE is active are positively associated with investment in its subsidiaries in other jurisdictions. This finding suggests that the well-documented negative relationship between taxation and MNE investment within a host jurisdiction masks the MNE rebalancing the location of its investment to other host jurisdictions in response to changes in cross-jurisdictional tax rate differentials rather than purely decreasing its investment globally. | ||
| 650 | 4 |
_aINVERSIONES EMPRESARIALES _943879 |
|
| 650 | 4 |
_aEMPRESAS MULTINACIONALES _943600 |
|
| 650 | 4 |
_aIMPUESTO DE SOCIEDADES _945680 |
|
| 650 | 4 |
_aORGANIZACION DE COOPERACION Y DESARROLLO ECONOMICO _947856 |
|
| 650 | 4 |
_aANALISIS DE PANELES _925831 |
|
| 700 | 1 |
_971260 _aWhyman, David |
|
| 856 | _uhttps://www.oecd.org/tax/tax-and-investment-by-multinational-enterprises-e817ce39-en.htm | ||
| 942 | _cRE | ||