As the global economy continues to evolve, events such as the unification of European markets have prompted economists and policymakers to consider whether the current system of taxing income is inconsistent with the trend toward liberalized world financial flows and increased international competition. To help assess the effectiveness of existing tax policies and incentives, this volume presents new research on how taxes affect the investment and financing decisions of multinationals today. The authors examine international financial management, business investment, and international income shifting.
R. Glenn Hubbard is a visiting scholar at AEI.
Table of Contents
Acknowledgments Introduction
Chapter 1: Taxes and the Form of Ownership of Foreign Corporate Equity Comment
Chapter 2: Impacts of Canadian and U.S. Tax Reform on the Financing of Canadian Subsidiaries of U.S. Parents Comment
Chapter 3: The Effects of U.S. Tax Policy on the Income Repatriation Patterns of U.S. Multinational Corporations
Chapter 4: Taxation and Foreign Direct Investment in the United States: A Reconsideration of the Evidence Comment
Chapter 5: On the Sensitivity of R&D to Delicate Tax Changes: The Behavior of U.S. Multinationals in the 1980s Comment
Chapter 6: The Role of Taxes in Location and Sourcing Decisions Comment
Chapter 7: Explaining the Low Taxable Income of Foreign-Controlled Companies in the United States Comment
Chapter 8: Income Shifting in U.S. Multinational Corporations Comment
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