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タイトル: | Territorial Tax Reform and Profit Shifting by US and Japanese Multinationals |
著者: | Hasegawa, Makoto |
著者名の別形: | 長谷川, 誠 |
キーワード: | international taxation multinational corporations profit shifting worldwide tax system territorial tax system H25 H26 F23 |
発行日: | Dec-2023 |
出版者: | University of Chicago Press |
誌名: | National Tax Journal |
巻: | 76 |
号: | 4 |
開始ページ: | 771 |
終了ページ: | 804 |
抄録: | In 2009, Japan adopted a territorial tax regime by exempting dividends paid by Japanese-owned foreign subsidiaries to their parent firms from home-country taxation. This paper examines the impact of this tax reform on profit shifting by Japanese multinationals. I find that the semielasticity of pretax profits with respect to host-country corporate tax rates for Japanese-owned foreign subsidiaries, particularly large subsidiaries, increased after the 2008 announcement of the implementation of the territorial tax regime, relative to that for US-owned foreign subsidiaries. This suggests that large Japanese-owned foreign subsidiaries responded to the incentive for profit shifting provided by the territorial tax reform. |
著作権等: | © 2023 National Tax Association. All rights reserved. The full-text file will be made open to the public on November 13, 2024 in accordance with publisher's 'Terms and Conditions for Self-Archiving'. |
URI: | http://hdl.handle.net/2433/287163 |
DOI(出版社版): | 10.1086/727012 |
出現コレクション: | 学術雑誌掲載論文等 |
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