000			01596nab a2200253 c 4500
999			_c149248 _d149248
003			ES-MaIEF
005			20240415135112.0
007			ta
008			240415t2023 us ||||| |||| 00| 0|eng d
024	7		_ahttps://doi.org/10.1086/727012
040			_aES-MaIEF _bspa _cES-MaIEF
100			_961737 _aHasegawa, Makoto
245		0	_aTerritorial tax reform and profit shifting by US and Japanese multinationals _c Makoto Hasegawa
500			_aResumen.
504			_aBibliografía.
520			_aIn 2009, Japan adopted a territorial tax regime by exempting dividends paid by Japanese-owned foreign subsidiaries to their parent firms from home-country taxation. This paper examines the impact of this tax reform on profit shifting by Japanese multinationals. I find that the semielasticity of pretax profits with respect to host-country corporate tax rates for Japanese-owned foreign subsidiaries, particularly large subsidiaries, increased after the 2008 announcement of the implementation of the territorial tax regime, relative to that for US-owned foreign subsidiaries. This suggests that large Japanese-owned foreign subsidiaries responded to the incentive for profit shifting provided by the territorial tax reform.
650		4	_943600 _aEMPRESAS MULTINACIONALES
650		4	_947522 _aJAPON
650			_aESTADOS UNIDOS _942888
650		4	_963148 _aEROSIÓN DE LA BASE IMPONIBLE Y TRASLADO DE BENEFICIOS
650		4	_aIMPUESTO DE SOCIEDADES _945680
773	0		_9171580 _oOP 233/2023/4 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _g v. 76, n. 4, December 2023, p. 771-804
942			_cART