The effect of taxes on foreign direct investment: a survey of the empirical evidence

The effect of taxes on foreign direct investment: a survey of the empirical evidence Johannes Voget University of Mannheim Summary: There has been a considerable amount of economics research into the impact of taxes on multinational companies. The main issuesexamined have been the impact on location choice, investment, financial policy and the location of profit.Continue reading “The effect of taxes on foreign direct investment: a survey of the empirical evidence”

Repatriation taxes and outbound M&As

Feld, Lars, Martin Ruf, Uwe Scheuering, Ulrich Schreiber and Johannes Voget (2016) Journal of Public Economics 139, 13-27. [2013] Abstract Repatriation taxes reduce the competitiveness of multinational firms from tax credit countries when bidding for targets in low tax countries. This comparative disadvantage with respect to bidders from exemption countries violates ownership neutrality, which resultsContinue reading “Repatriation taxes and outbound M&As”

Relocation of headquarters and international taxation

Voget, Johannes (2011) Journal of Public Economics 95.9-10, 1067-1081. [2008] Abstract About 6% of multinationals relocated their headquarters to another country in the 1997–2007 period. This paper presents empirical evidence on the role of taxes in these relocation decisions. It considers a sample of 140 multinationals that relocated their headquarters over the past decade andContinue reading “Relocation of headquarters and international taxation”

UK corporation tax deters corporate headquarters from locating in the UK

Headquarter Relocations and International Taxation Johannes Voget This paper examines the extent of international headquarter relocations worldwide. Within a decade, about 6 percent of all multinationals relocate their headquarter to another country. The existence of a tax avoidance motive for headquarter relocations is tested. I find that the likelihood of relocating headquarters increases in theContinue reading “UK corporation tax deters corporate headquarters from locating in the UK”