The author examines the financing of U.S. direct investment abroad. Using a theoretical model, he first examines how home country investors can use debt finance to reduce their host country tax liability and to reduce the capital investment distortion attributable to foreign taxes. Empirically, U.S. affiliates are shown to use leverage in high tax environments and in situations where the affiliates face high foreign wage bills relative to assets...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1993/09/30
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Рабочий документ в рамках исследования вопросов политики
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WPS1180
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1
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1
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2010/07/01
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The financing and taxation of U.S. direct investment abroad
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foreign direct investment
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