Publication:
International Tax Spillovers and Tangible Investment, with Implications for the Global Minimum Tax

Simple item page
dc.contributor.authorKeen, Michael
dc.contributor.authorLiu, Li
dc.contributor.authorPallan, Haley
dc.date.accessioned2023-05-03T16:01:45Z
dc.date.available2023-05-03T16:01:45Z
dc.date.issued2023-05-03
dc.description.abstractThis paper articulates and, using newly-assembled data, explores how international taxation affects aggregate tangible cross-border investment. Spillovers from statutory tax rates abroad seem: As sizable as effects from the host’s rate; larger than previous consensus values (attributed to a systematic bias from FDI data); and consistent with ‘implicit’ profit shifting through real investment (rather than ‘paper’ profit shifting). Contrary to much policy discussion, the results also imply that: Host countries’ marginal effective tax rates have at best a weak effect on real investment; those elsewhere have none; and, applied to the prospective global minimum tax, inward tangible investment in most sample countries will increase.en
dc.identifierhttp://documents.worldbank.org/curated/en/099356505012330106/IDU05ff39989002bd04258092ed0cc2c2f299d33
dc.identifier.doi10.1596/1813-9450-10427
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/39777
dc.languageEnglish
dc.language.isoen
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Papers; 10427
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectCORPORATE TAXATION
dc.subjectGLOBAL MINIMUM TAX
dc.subjectINTERNATIONAL TAX
dc.subjectMULTINATIONAL INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectTAX COMPETITION
dc.titleInternational Tax Spillovers and Tangible Investment, with Implications for the Global Minimum Taxen
dc.typeWorking Paper
dspace.entity.typePublication
okr.crossref.titleInternational Tax Spillovers and Tangible Investment, with Implications for the Global Minimum Tax
okr.date.disclosure2023-05-01
okr.date.lastmodified2023-05-01T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099356505012330106/IDU05ff39989002bd04258092ed0cc2c2f299d33
okr.guid099356505012330106
okr.identifier.docmidIDU-5ff39989-02bd-4258-92ed-cc2c2f299d33
okr.identifier.doi10.1596/1813-9450-10427
okr.identifier.doihttp://dx.doi.org/10.1596/1813-9450-10427
okr.identifier.externaldocumentum34053332
okr.identifier.internaldocumentum34053332
okr.identifier.reportWPS10427
okr.import.id598
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099356505012330106/pdf/IDU05ff39989002bd04258092ed0cc2c2f299d33.pdfen
okr.topicLaw and Development::Tax Law
okr.topicMacroeconomics and Economic Growth::Tax Havens
okr.topicInternational Economics and Trade::Foreign Direct Investment
okr.topicMacroeconomics and Economic Growth::Investment and Investment Climate
okr.topicInternational Economics and Trade::Competition Policy
okr.unitProspects Group (DECPG)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
IDU05ff39989002bd04258092ed0cc2c2f299d33.pdf
Size:
1.82 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
IDU05ff39989002bd04258092ed0cc2c2f299d33.txt
Size:
185.8 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Policy Research Working Papers