International Tax Spillovers and Tangible Investment, with Implications for the Global Minimum Tax (English)

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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Author

Keen,Michael;

Liu,Li;

Pallan,Hayley Marie;
Document Date
2023/05/01
Document Type
Policy Research Working Paper
Report Number
WPS10427
Volume No
1
Country
World,
Region
Other,
Disclosure Date
2023/05/01
Disclosure Status
Disclosed
Doc Name
International Tax Spillovers and Tangible Investment, with Implications for the Global Minimum Tax

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Citation

Keen,Michael; Liu,Li; Pallan,Hayley Marie.

International Tax Spillovers and Tangible Investment, with Implications for the Global Minimum Tax (English). Policy Research working paper ; no. WPS 10427 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099356505012330106

International Tax Spillovers and Tangible Investment, with Implications for the Global Minimum Tax (English)

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