The indirect side of direct investment : multinational company finance and taxation / Jack M. Mintz and Alfons J. Weichenrieder.

Format:

Book

Author/Creator:

Mintz, Jack M.

Contributor:

Weichenrieder, Alfons J.

Series:

CESifo Book Series

CESifo book series

Language:

English

Subjects (All):

International business enterprises--Finance.

International business enterprises.

International business enterprises--Taxation.

Investments, Foreign.

Physical Description:

1 online resource (203 p.)

Place of Publication:

Cambridge, Mass. : MIT Press, ©2010.

Language Note:

English

Summary:

Drawing on a unique data set (MiDi) on German multinationals provided by the Deutsche Bundesbank in Frankfurt, Mintz and Weichenrieder confirm the prevalence of indirect financing structures for both outbound and inbound German investment. They find evidence of "treaty shopping!' to avoid withholding taxes (using a third country with more favorable tax rates as a conduit through which to route investments) and of "debt shifting."

Mintz and Weichenrieder argue that increasing our knowledge of the tax reasons behind conduit investment will lead to a better understanding of how tax policy can affect macroeconomic flows of capital in the global economy. They review the trade-offs that governments face and discuss policy options, considering not only possible changes to corporate income tax policy but also the potential influence of international cooperation on countries' domestic tax policy. --Book Jacket.

Contents:

Contents; Series Foreword; Acknowledgments; 1 Introduction; 2 International Corporate Tax Systems at a Glance; 3 Indirect Financing Structures; 4 Holding Companies and Ownership Chains; 5 The Financial Structure of German Outbound FDI; 6 What Governments May Do: Policy Options; Appendix; Notes; References; Index

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

OCLC-licensed vendor bibliographic record.

ISBN:

0-262-28965-2

OCLC:

852899288