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| Author: | Klassen, K. |
| Title: | Geographic income shifting by multinational corporations in response to tax rate changes |
| Journal: | Journal of Accounting Research
1993 : VOL. 31, p. 141-182 |
| Index terms: | INCOMES TAXATION CHANGE |
| Language: | eng |
| Abstract: | The authors investigate geographic income shifting by 191 U.S. multinational corporations in response to worldwide changes in tax rates during 1984-90. Between 1984 and 1986, the United Kingdom reduced corporate tax rates from a maximum of 45% to 35%, and in 1985 France reduced rates from 50% to 45%. Following these reductions in European rates, the United States reduced top corporate rates from 46%to 34% between 1986 and 1988. As discussed in the article, differential changes in tax rates provide incentives for geographic income shifting by multinational firms. |
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