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Fiscal Paradise: Foreign Tax Havens and American Business
The tax haven affiliates of American corporations account for more than 20 percent of U. S. foreign direct investment, and nearly a third of the foreign profits of U. S. firms. American companiesExpand
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Foreign Direct Investment and the Domestic Capital Stock
This paper evaluates evidence of the impact of outbound foreign direct investment (FDI) on domestic investment rates. OECD countries with high rates of outbound FDI in the 1980s and 1990s exhibitedExpand
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Which Countries Become Tax Havens?
This paper analyzes the factors influencing whether countries become tax havens. Roughly 15% of countries are tax havens; as has been widely observed, these countries tend to be small and affluent.Expand
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Taxation and Economic Efficiency
This paper analyzes the distortions created by taxation and the features of tax systems that minimize such distortions (subject to achieving other government objectives). It starts with a review ofExpand
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Foreign Direct Investment in a World of Multiple Taxes
While governments have multiple tax instruments available to them, studies of the effect of tax policy on the locational decisions of multinationals typically focus exclusively on host countryExpand
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Evaluating International Tax Reform
This paper introduces "capital ownership neutrality" (CON) and "national ownership neutrality" (NON) as benchmarks for evaluating the desirability of international tax reforms, and applies them toExpand
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Foreign Direct Investment and Domestic Economic Activity
How does rising foreign investment influence domestic economic activity? Firms whose foreign operations grow rapidly exhibit coincident rapid growth of domestic operations, but this pattern alone isExpand
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Capital Structure with Risky Foreign Investment
American multinational firms respond to politically risky environments by adjusting their capital structures abroad and at home. Foreign subsidiaries located in politically risky countries haveExpand
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Old Rules and New Realities: Corporate Tax Policy in a Global Setting
This paper reassesses the burden of the current U.S. international tax regime and reconsiders well–known welfare benchmarks used to guide international tax reform. Reinventing corporate tax policyExpand
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Chains of Ownership, Regional Tax Competition, and Foreign Direct Investment
This paper considers the effect of taxation on the location of foreign direct investment (FDI) and taxable income reported by multinational firms with particular attention to the regional dynamics ofExpand
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