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| Tekijä: | Becker, J. Fuest, C. |
| Otsikko: | Source versus residence based taxation with international mergers and acquisitions |
| Lehti: | Journal of Public Economics
2011 : FEB, VOL. 95:1-2, p. 28-40 |
| Asiasana: | consolidation taxation income tax capital investment revenue dividends capital flows mergers |
| Kieli: | eng |
| Tiivistelmä: | This article examines tax competition and coordination in a model where capital flows by mergers and acquisitions, instead of greenfield investment. In this framework, we demonstrate that differences in residence based taxes do not necessarily distract international ownership patterns. Furthermore, tax competition yields globally efficient source based corporate income tax levels if no residence based taxes on capital income exist. In contrast, in the case of residence based taxes existing on dividends, source based corporate income taxes are too high to be efficient. The widespread outlook that tax coordination is less urgent when residence based taxes are available can thus be misguided. |
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