35101. The Taxing Task of Taxing Transnationals
- Author:
- Thomas A. Gresik
- Publication Date:
- 06-2001
- Content Type:
- Working Paper
- Institution:
- Kellogg Institute for International Studies
- Abstract:
- Financial and real investment flexibility, tax competition, and superior economic information by transnationals both creates a rationale for corporate income taxation and limits the effectiveness of such taxation. While these factors have led to a variety of transnational tax policies, such as deferral, double taxation, apportionment, and trade rules, very few of these institutional features have been integrated into tax competition and agency models. This paper shows how the integration of investment flexibility, tax competition, and agency issues is crucial to our understanding of corporate tax policies.
- Topic:
- Economics, Government, and International Trade and Finance