Browsing NHH Brage by Subject "multinationals"
Now showing items 1-11 of 11
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Double tax discrimination to attract FDI and fight profit shifting: The role of CFC rules
(Working papers;2017/01, Working paper, 2017)Governments worldwide use targeted tax policies to trade off the gains from increased FDI against the cost of excessive profit shifting by multinational firms. We show that optimal tax systems generally incorporate both ... -
FDI, R&D and endogenous competitiveness
(Discussion paper, Working paper, 2008-01)We analyze the influence of endogenous competitiveness on multinational activity. Competitiveness is endogenized by assuming that firms differ on R&D commitment power, i.e.: some firms are leaders in R&D. We show that ... -
International competition for multinational investment
(Discussion paper, Working paper, 1998-08)We examine the economic justification for providing investment subsidies to foreign-owned multinationals. These provide employment opportunities and generate demand for domestic intermediate inputs, produced by domestic ... -
International Debt Shifting: The Value Maximizing Mix of Internal and External Debt
(Discussion paper;1/19, Working paper, 2019-03-29)We study the capital structure of multinationals and expand previous theory by incorporating international debt tax shield effects from both internal and external capital markets. We show that: (i) multinationals' firm ... -
Multinationals, regulatory competition and outside options
(Discussion paper, Working paper, 2003-12)Lower barriers to entry and developments in world capital markets have increased the actual and potential mobility of multinational enterprises. This poses challenges for host countries’ tax and regulation policies. The ... -
Ownership change and its implications for the match between the plant and its workers
(Discussion paper;10/15, Working paper, 2015-05)Is ownership change an opportunity for new owners to make systematic changes in the workforce of the acquired plant? This paper explores the adjustments to plant size and the composition of the workforce that occur around ... -
R&D, strategic investment and multinational choice
(Working paper, Working paper, 2005-06)We analyse the influence of strategic R&D investment on the firms’ mode of foreign expansion: export versus multinational. Strategic investment allows a firm, not only to improve its own level of productive efficiency (as ... -
Royalty Taxation under Profit Shifting and Competition for FDI
(Discussion paper;11/20, Working paper, 2020-09-09)Multinational corporations increasingly use royalty payments for intellectual property rights to shift profits globally. This threatens not only the tax base of countries worldwide, it also affects the nature of competition ... -
Taxing Royalty Payments
(Discussion paper;16/16, Working paper, 2016-09-16)The digital economy is characterized by the use of intellectual property such as software, patents and trademarks. The pricing of such intangibles is widely used to shift profits to low-tax countries. We analyze the role ... -
The Tax Sensitivity of Debt in Multinationals: A Review
(Discussion paper;29/15, Working paper, 2015-10-30)The OECD in its BEPS action plan 4 addresses tax base erosion by profit shifting through the use of tax deductible interest payments. Their main concern is interest deductions between outbound and inbound investment by ... -
Trade and multinationals : the effect of economic integration on taxation and tax revenue
(Discussion paper, Working paper, 2003-12)The rising importance of multinationals in the world economy has been accompanied by a rise in trade between affiliates of multinationals located in different countries, and by profits being shifted to low tax countries. ...