|
EconStor >
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/26669
|
| | |
| Title: | | The taxation of passive foreign investment: lessons from German experience  |
| Authors: | | Ruf, Martin Weichenrieder, Alfons J. |
| Issue Date: | | 2009 |
| Series/Report no.: | | CESifo working paper 2624 |
| Abstract: | | The paper evaluates the working of German CFC rules that restrict the use of foreign subsidiaries located in low-tax countries to shelter passive investment income from home taxation. While passive investments make up a significant fraction of German outbound FDI, we find that German CFC rules are quite effective in restricting investments in low-tax jurisdictions. We find evidence that the German 2001 tax reform, which unilaterally introduced exemption of passive income in medium- and high-tax countries, has led to some shifting of passive assets into countries for which the exemption was previously limited. |
| Subjects: | | foreign direct investment CFC regulation passive investment |
| JEL: | | H25 H73 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/26669
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|