Matches in SemOpenAlex for { <https://semopenalex.org/work/W1485921115> ?p ?o ?g. }
Showing items 1 to 72 of
72
with 100 items per page.
- W1485921115 startingPage "1" @default.
- W1485921115 abstract "The author examines the financing of U.S. direct investment abroad. Using a theoretical model, he first examines how home country investors can use debt finance to reduce their host country tax liability and to reduce the capital investment distortion attributable to foreign taxes. Empirically, U.S. affiliates are shown to use leverage in high tax environments and in situations where the affiliates face high foreign wage bills relative to assets. This confirms the notion that leverage can be used to ward off host country tax and wage pressures on the firm. The author examines what characteristics of foreign direct investment determine the average host country tax rate paid. Generally, the taxation of foreign direct investment is positively related to the size of the wage bill. Host countries appear to charge lower taxes in cases where U.S. direct investor abroad pay high wage bills to labor within the host country. Certain trends emerge from the data: there is a relative shift of U.S. direct investment abroad toward the industrial countries; debt finance of direct investment is becoming more important in industrial countries and less important in developing countries; and the tax benefits that industrial and developing countries get from U.S. affiliates, as measured by average income and payroll taxes, are waning. The downward trend in tax rates suggests an increased international competition to attract foreign direct investment. The reduction in average tax rates on U.S. investment abroad and the relative shift toward investment in industrial countries suggests a tougher climate ahead for developing countries that wish to attract foreign direct investment. One strategy for attracting foreign investment would be to deepen the domestic financial market so a multinational can attract additional lending capital in the host country itself. Another approach is local equity participation in foreign direct investment to lessen the incentives for host countries to tax foreign investments highly." @default.
- W1485921115 created "2016-06-24" @default.
- W1485921115 creator A5012105051 @default.
- W1485921115 date "1993-09-30" @default.
- W1485921115 modified "2023-09-26" @default.
- W1485921115 title "The financing and taxation of U.S. direct investment abroad" @default.
- W1485921115 hasPublicationYear "1993" @default.
- W1485921115 type Work @default.
- W1485921115 sameAs 1485921115 @default.
- W1485921115 citedByCount "0" @default.
- W1485921115 crossrefType "posted-content" @default.
- W1485921115 hasAuthorship W1485921115A5012105051 @default.
- W1485921115 hasConcept C10138342 @default.
- W1485921115 hasConcept C119857082 @default.
- W1485921115 hasConcept C120527767 @default.
- W1485921115 hasConcept C139719470 @default.
- W1485921115 hasConcept C144133560 @default.
- W1485921115 hasConcept C145236788 @default.
- W1485921115 hasConcept C153083717 @default.
- W1485921115 hasConcept C162324750 @default.
- W1485921115 hasConcept C17744445 @default.
- W1485921115 hasConcept C18547055 @default.
- W1485921115 hasConcept C199539241 @default.
- W1485921115 hasConcept C27548731 @default.
- W1485921115 hasConcept C33842695 @default.
- W1485921115 hasConcept C41008148 @default.
- W1485921115 hasConcept C556758197 @default.
- W1485921115 hasConcept C94625758 @default.
- W1485921115 hasConceptScore W1485921115C10138342 @default.
- W1485921115 hasConceptScore W1485921115C119857082 @default.
- W1485921115 hasConceptScore W1485921115C120527767 @default.
- W1485921115 hasConceptScore W1485921115C139719470 @default.
- W1485921115 hasConceptScore W1485921115C144133560 @default.
- W1485921115 hasConceptScore W1485921115C145236788 @default.
- W1485921115 hasConceptScore W1485921115C153083717 @default.
- W1485921115 hasConceptScore W1485921115C162324750 @default.
- W1485921115 hasConceptScore W1485921115C17744445 @default.
- W1485921115 hasConceptScore W1485921115C18547055 @default.
- W1485921115 hasConceptScore W1485921115C199539241 @default.
- W1485921115 hasConceptScore W1485921115C27548731 @default.
- W1485921115 hasConceptScore W1485921115C33842695 @default.
- W1485921115 hasConceptScore W1485921115C41008148 @default.
- W1485921115 hasConceptScore W1485921115C556758197 @default.
- W1485921115 hasConceptScore W1485921115C94625758 @default.
- W1485921115 hasLocation W14859211151 @default.
- W1485921115 hasOpenAccess W1485921115 @default.
- W1485921115 hasPrimaryLocation W14859211151 @default.
- W1485921115 hasRelatedWork W1172798505 @default.
- W1485921115 hasRelatedWork W1485442421 @default.
- W1485921115 hasRelatedWork W1539531343 @default.
- W1485921115 hasRelatedWork W1566340465 @default.
- W1485921115 hasRelatedWork W1602303331 @default.
- W1485921115 hasRelatedWork W1738480825 @default.
- W1485921115 hasRelatedWork W1864382386 @default.
- W1485921115 hasRelatedWork W1910514793 @default.
- W1485921115 hasRelatedWork W1911807049 @default.
- W1485921115 hasRelatedWork W1980813385 @default.
- W1485921115 hasRelatedWork W2027336992 @default.
- W1485921115 hasRelatedWork W2109804256 @default.
- W1485921115 hasRelatedWork W2130590041 @default.
- W1485921115 hasRelatedWork W2158613311 @default.
- W1485921115 hasRelatedWork W2259514389 @default.
- W1485921115 hasRelatedWork W2785653289 @default.
- W1485921115 hasRelatedWork W3123229935 @default.
- W1485921115 hasRelatedWork W3144903299 @default.
- W1485921115 hasRelatedWork W3153378739 @default.
- W1485921115 hasRelatedWork W88448213 @default.
- W1485921115 isParatext "false" @default.
- W1485921115 isRetracted "false" @default.
- W1485921115 magId "1485921115" @default.
- W1485921115 workType "article" @default.