This 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...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2023/05/01
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Рабочий документ в рамках исследования вопросов политики
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WPS10427
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1
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2023/05/01
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Disclosed
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International Tax Spillovers and Tangible Investment, with Implications for the Global Minimum Tax