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International tax spillovers and tangible investment, with implications for the global minimum tax / Michael Keen, Li Liu, and Haley Pallan.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Author/Creator:
- Keen, Michael, author.
- Pallan, Haley, author.
- Liu, Li, author.
- Series:
- Policy research working papers.
- Policy research working papers
- Language:
- English
- Subjects (All):
- Taxation--Law and legislation.
- Taxation.
- Physical Description:
- 1 online resource.
- Place of Publication:
- Washington, Distict of Columbia : World Bank, 2023.
- Summary:
- This paper articulates and, using newly-assembled data, explores how international taxation affects aggregate tangible cross-border investment. Spillovers from statutory tax rates abroad seem: As sizable as effects from the host's rate; larger than previous consensus values (attributed to a systematic bias from FDI data); and consistent with 'implicit' profit shifting through real investment (rather than 'paper' profit shifting). Contrary to much policy discussion, the results also imply that: Host countries' marginal effective tax rates have at best a weak effect on real investment; those elsewhere have none; and, applied to the prospective global minimum tax, inward tangible investment in most sample countries will increase.
- Notes:
- Description based on publisher supplied metadata and other sources.
- Publisher Number:
- 10.1596/1813-9450-10427
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