Where Does Multinational Investment Go with Territorial Taxation? Evidence from the United Kingdom

Liu, Li (2020) American Economic Journal: Economic Policy 12.1, 325-58. [2014] Abstract In 2009, the United Kingdom changed from a worldwide to a territorial tax system, abolishing dividend taxes on foreign repatriation from many low-tax countries. This paper assesses the causal effect of territorial taxation on real investments, using a unique dataset for multinational affiliatesContinue reading “Where Does Multinational Investment Go with Territorial Taxation? Evidence from the United Kingdom”