Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/123237
Authors: 
Schjelderup, Guttorm
Year of Publication: 
2015
Series/Report no.: 
CESifo Working Paper 5590
Abstract: 
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.
Subjects: 
corporate taxation
multinationals
capital structure
international debt-shifting
tax avoidance
JEL: 
H25
G32
F23
Document Type: 
Working Paper

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