Journal of Economic Literature Vol. 39 No. 3 2001
The Taxing Task of Taxing Transnationals
open access
Abstract
Financial and real investment flexibility, tax competition, and superior economic information by transnationals both create a rationale for corporate income taxation and limit the effectiveness of such taxation. While these factors have led to a variety of transnational tax policies, such as deferral, double taxation, apportionment, and trade rules, very few of these institutional features have been integrated into tax competition and agency models. In this paper, I show how the integration of investment flexibility, tax competition, and agency issues is crucial to our understanding of corporate tax policies.
- DOI
- 10.1257/jel.39.3.800
- Volume
- 39
- Issue
- 3
- Pages
- 800-838
- Language
- en
- Sources
- openalex crossref