Arbeitspapier

The Tax Sensitivity of Debt in Multinationals: A Review

The OECD in its BEPS action plan 4 addresses tax base erosion by profit shifting through the use of tax deductible interest payments. Their main concern is interest deductions between outbound and inbound investment by groups. Studies of multinational firms show that the tax sensitivity of debt is more modest than what one would expect given the incentives for profit shifting. The purpose of this paper is to review existing literature and to add new knowledge on multinational firm behavior that pertains to the use of debt.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 5590

Klassifikation
Wirtschaft
Business Taxes and Subsidies including sales and value-added (VAT)
Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Multinational Firms; International Business
Thema
corporate taxation
multinationals
capital structure
international debt-shifting
tax avoidance

Ereignis
Geistige Schöpfung
(wer)
Schjelderup, Guttorm
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2015

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
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Objekttyp

  • Arbeitspapier

Beteiligte

  • Schjelderup, Guttorm
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2015

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