Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/65392 
Kompletter Metadatensatz
Erscheint in der Sammlung:
DublinCore-FeldWertSprache
dc.contributor.authorEgger, Peteren
dc.contributor.authorMerlo, Valeriaen
dc.contributor.authorRuf, Martinen
dc.contributor.authorWamser, Georgen
dc.date.accessioned2012-10-17-
dc.date.accessioned2012-10-19T15:42:44Z-
dc.date.available2012-10-19T15:42:44Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/65392-
dc.description.abstractUntil 2009, the United Kingdom operated a system of worldwide taxation. Taxation of foreign income was deferred until repatriated as dividends, leaving UK-owned multinational firms the possibility of avoiding UK taxation by delaying dividend payments and keeping earnings abroad. In 2009, the UK switched to a system under which all foreign-earned income is exempted from taxation. This fundamental change had a number of straightforward implications for UK-owned multinational firms and particularly changed incentives to repatriate profits. This paper assesses the effects of the reform on the foreign affiliates of UK-owned multinational firms. We use data provided by Bureau van Dijk on 61,738 foreign affiliates located in one of 29 European countries to estimate the impact of the reform on the repatriation pattern and other outcomes of UK-owned affiliates. We use an identification approach that quasi-randomizes over the country of residence of the ultimate firm owners, allowing us to compare outcomes of treated UK-owned foreign affiliates to control non-UK-owned foreign affiliates. Our results suggest that the switch to tax exemption not only changed dividend repatriation behavior of firms but also the conditions under which foreign entities operate in general, for instance, with regard to investment behavior.en
dc.language.isoengen
dc.publisher|aCenter for Economic Studies and ifo Institute (CESifo) |cMunichen
dc.relation.ispartofseries|aCESifo Working Paper |x3942en
dc.subject.jelF23en
dc.subject.jelH25en
dc.subject.ddc330en
dc.subject.keywordUK Tax Reform 2009en
dc.subject.keywordtax exemption systemen
dc.subject.keyworddividend exemptionen
dc.subject.keywordforeign direct investmenten
dc.subject.stwAußensteuerrechten
dc.subject.stwSteuerbegünstigungen
dc.subject.stwSteuerreformen
dc.subject.stwSteuerwirkungen
dc.subject.stwMultinationales Unternehmenen
dc.subject.stwAusländische Tochtergesellschaften
dc.subject.stwBritischen
dc.subject.stwGewinnverlagerungen
dc.subject.stwGroßbritannienen
dc.subject.stwEuropaen
dc.titleConsequences of the new UK tax exemption system: Evidence from micro-level data-
dc.typeWorking Paperen
dc.identifier.ppn727651250en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Datei(en):
Datei
Größe
672.26 kB





Publikationen in EconStor sind urheberrechtlich geschützt.