Where does multinational investment go with territorial taxation? Evidence from the UK
"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 affiliate...
| Main Author: | |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Washington, DC
2018
IMF |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19396547124911147299-Where-does-multinational-inves.htm |
| _version_ | 1771659897440567299 |
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| author | Liu, Li |
| author_facet | Liu, Li |
| collection | Library items |
| description | "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 affiliates in 27 European countries and employing the difference-in-difference approach. It finds that the territorial reform has increased the investment rate of UK multinationals by 15.7 percentage points in low-tax countries. In the absence of any significant investment reduction elsewhere, the findings represent a likely increase in total outbound investment by UK multinationals." |
| format | TEXT |
| geographic | United Kingdom |
| id | 19396547124911147299_64eb89d063e24ef3952f0eb275c9dc8a |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19396547124911147299_64eb89d063e24ef3952f0eb275c9dc8a |
| is_hierarchy_title | Where does multinational investment go with territorial taxation? Evidence from the UK |
| language | English |
| physical | 49 p. Digital |
| publishDate | 2018 |
| publisher | Washington, DC IMF |
| spellingShingle | Liu, Li foreign investment corporation tax multinational enterprise Where does multinational investment go with territorial taxation? Evidence from the UK |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=131597995977 |
| title | Where does multinational investment go with territorial taxation? Evidence from the UK |
| topic | foreign investment corporation tax multinational enterprise |
| url | https://www.labourline.org/KENTIKA-19396547124911147299-Where-does-multinational-inves.htm |