The Taxing Task of Taxing Transnationals

By Thomas A. Gresik. 2001

207 citations recorded by the source corpus.

Financial and real investment flexibility, tax competition, and superior economic information by transnationals both create a rationale for corporate income taxation and limit the effectiveness of such taxation. While these factors have led to a variety of transnational tax policies, such as deferral, double taxation, apportionment, and trade rules, very few of these institutional features have been integrated into tax competition and agency models. In this paper, I show how the integration of investment flexibility, tax competition, and agency issues is crucial to our understanding of corporate tax policies.

Subfields: Accounting, Economics and Econometrics, Political Science and International Relations

View Paper: https://www.semanticscholar.org/paper/c9529cad41e761195448c49033ff147c556bac25

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Citations in the corpus

Tax Treaties and Foreign Direct Investment: Potential versus Performance (2004, background): “2. Wilson (1999), Gresik (2001) and Zodrow (2003) are recent surveys of the international tax literature.”
INTERNAL DEBT AND MULTINATIONAL PROFIT SHIFTING: EMPIRICAL EVIDENCE FROM FIRM-LEVEL PANEL DATA (2013, background): “As noted in the literature (e.g., Gresik, 2001), a multinational corporation has several ways to structure its activities in order to minimize the burden of taxation.”
Offshore Profit Shifting and Domestic Productivity Measurement (2017, background): “12See, for example, Altshuler and Grubert (2010), Anand and Sansing (2000), Goolsbee and Maydew (2000), Gordon and Wilson (1986), Gresik (2001), Hines (2010), Martens-Weiner (2006), and Röder (2012). impact of our adjustments on aggregate productivity, and in Section 4, we show how our adjustments…”
Intercompany Loans and Profit Shifting - Evidence from Company-Level Data (2007, unknown): “As is well noted in the literature (e.g., Hines and Rice, 1994, Gresik, 2001 ), a multinational”
The Impact of Thin-Capitalization Rules on Multinationals' Financing and Investment Decisions (2006, unknown): “However, the many dimensions along which the multinational corporation can structure its activities have already led to rather complex national tax policies with regard to transnational activities (Gresik, 2001).”
Do Bilateral Tax Treaties Promote Foreign Direct Investment? (2002, unknown): “1 See Wilson (1999) and Gresik (2001) for surveys of the both the theory and empirical economic literature regarding the effects of taxation on foreign investment.”
Corporate Tax Policy, Foreign Firm Ownership and Thin Capitalization (2005, background): “If, in addition, an investment project generates supernormal pro…ts, high statutory rates may deter investment despite generous depreciation 1For a survey on the taxation of multinational …rms see Gresik (2001).”
Tax Competition When Firms Choose Their Organizational Form: Should Tax Loopholes for Multinationals Be Closed? (2005, background): “However, several countries – notably the United States, the United Kingdom and Japan – use instead the credit method, which taxes residents on their worldwide income, but grants a credit for taxes paid abroad (see Gresik, 2001, Table 1).”
Saving Taxes Through Foreign Plant Ownership (2010, unknown): “Each of these reasons has produced its own sub-literature on the theory of taxation of multinationals (see Hines, 1999; Gresik, 2001; Devereux, 2006, for comprehensive surveys).”
Firms' Financial Choices and Thin Capitalization Rules under Corporate Tax Competition (2012, methodology): “See Auerbach (2002) for more details and Fuest and Hemmelgarn (2005) for an analysis of tax competition when governments can choose both corporate and personal income taxes (but not thin capitalization rules).”