Blar i Discussion papers (FOR) på forfatter "Gresik, Thomas A."
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Immobilizing Corporate Income Shifting: Should It Be Safe to Strip in the Harbor?
Gresik, Thomas A.; Schindler, Dirk; Schjelderup, Guttorm (Discussion paper;31/15, Working paper, 2015-11-18)Many subsidiaries can deduct interest payments on internal debt from their taxable income. By issuing internal debt from a tax haven, multinationals can shift income out of host countries through the interest rates they ... -
Playing Easy or Playing Hard to Get: When and How to Attract FDI
Gresik, Thomas A.; Schindler, Dirk; Schjelderup, Guttorm (Discussion paper;7/20, Working paper, 2020-06-30)We study the link between a country’s institutional quality in tax collection and its optimal corporate tax policies in a model of heterogeneous multinationals that can shift income using both debt and transfer prices. ... -
Tax induced transfer pricing under universal adoption of the destination-based cash-flow tax
Gresik, Thomas A.; Schjelderup, Guttorm (Discussion paper;8/22, Working paper, 2022-02-22)The view that the transfer pricing problem vanishes under universal destination-based cash flow taxation (DBCFT) is based on how firms behave in perfectly competitive markets. We show that the neutralizing effect DBCFT has ... -
The Effect of Tax Havens on Host Country Welfare
Gresik, Thomas A.; Schindler, Dirk; Schjelderup, Guttorm (Discussion paper;19/15, Working paper, 2015-04-24)Multinational corporations can shift income into low-tax countries through transfer pricing and debt financing. While most developed countries use thin capitalization rules to limit the extent to which a subsidiary can ...