Multinational Capital Structure and Tax Competition

This paper analyzes tax competition when welfare maximizing jurisdictions levy source-based corporate taxes and multinational enterprises choose tax-efficient capital- to-debt ratios. Under separate accounting, multinationals shift debt from low-tax to high-tax countries. The Nash equilibrium of the...

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Bibliographic Details

Published in:	MAGKS - Joint Discussion Paper Series in Economics (Band 34-2009)
Main Author:	Wrede, Matthias
Format:	Work
Language:	English
Published:	Philipps-Universität Marburg 2009
Subjects:	corporate tax- ation Wirtschaft profit shifting tax competition. Multinational enterprises financial policy Economics
Online Access:	PDF Full Text
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