Multiple taxes and alternative forms of FDI: evidence from cross-border acquisitions

Nils Hergery (), Christos Kotsogiannisz () and Steve McCorriston ()
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Nils Hergery: Study Center Gerzensee
Christos Kotsogiannisz: Department of Economics, University of Exeter Business School
Steve McCorriston: Department of Economics, University of Exeter Business School
Authors registered in the RePEc Author Service: Christos Kotsogiannis

No 1401, Working Papers from Oxford University Centre for Business Taxation

Abstract: Exploiting a large panel with an exhaustive coverage of cross-border acquisitions across more than 30 countries over more than a decade, this paper provides a comprehensive view of the e ect of taxation on the desire of multinational enterprises to invest abroad. By considering the di erences between worldwide and territorial tax systems, direct and indirect forms of taxation, and horizontal and vertical FDI strategies, the results suggest that taxes have a much more nuanced e ect on FDI than suggested to date. Speci cally, the corporate tax elasticity di ers across the dimensions mentioned above. Moreover, sales taxes a ect horizontal, but not vertical CBAs.

Keywords: Corporate Taxation; Cross-Border Acquisitions, FDI Strategy; Poisson Regression, Sales Taxes (search for similar items in EconPapers)
JEL-codes: F15 F21 F23 F33 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Multiple taxes and alternative forms of FDI: evidence from cross-border acquisitions (2016)
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