Evaluating tax policy for location decisions
Evaluating tax policy for location decisions
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DOI：
10.1023/a:1023364421914
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发表时间：
2003-03-01
影响因子：
1
通讯作者：
Griffith, R
中科院分区：
文献类型：
--
作者：
Devereux, MP;Griffith, R
当投资者面临两个或多个相互排斥的项目之间的离散选择时，我们考虑税收的影响；我们特别考虑跨国公司的区位选择。这样的选择取决于有效的平均税率。我们提出了这一税率的精确衡量标准，它等于有效边际税率和调整后的法定税率的加权平均值，其中权重取决于投资的盈利能力。对这一措施的分布进行了估计，并对美国、法国、德国和英国的国内和国际投资进行了比较。我们分析了欧洲统一企业税率对在法国、德国和英国设立办事处的激励措施的影响。
We consider the impact of taxation when investors face a discrete choice between two or more mutually exclusive projects; in particular we consider the location choice of multinationals. Such choices depend on an effective average tax rate. We propose a precise measure of this rate, which is shown to be equal to a weighted average of an effective marginal tax rate and an adjusted statutory tax rate, where the weights depend on the profitability of the investment. Estimates of the distribution of this measure are presented and compared for domestic and international investment in the USA, France, Germany and the UK. We analyse the impact of harmonising corporate tax rates in Europe on incentives to locate in France, Germany and the UK.