Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/246705 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
ADB Economics Working Paper Series No. 628
Verlag: 
Asian Development Bank (ADB), Manila
Zusammenfassung: 
How sensitive is inward foreign direct investment (FDI) from the United States (US) to developing Asia to corporate tax rates? This is a relevant question given the sweeping US tax bill effective in 2018, which provided incentives for US corporations abroad to repatriate profits. Using panel data at the country and sector level, we find that the effects are quite different across sectors, and that controlling for other factors such as market size, costs, openness, and the business environment, the corporate income tax rate differential is generally not statistically significant, including for global value chain-related FDI to developing Asia. It does have a small effect on service sectors such as financial intermediation and business services where sunk costs are small.
Schlagwörter: 
corporate tax
FDI
fiscal policy
foreign investment
Tax and Jobs Act
sectors
JEL: 
F21
H30
H25
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Dokumentart: 
Working Paper

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