THE IMPACT OF UNITED-STATES TAX-REFORM ON FOREIGN DIRECT-INVESTMENT IN THE UNITED-STATES
成果类型：
Article
署名作者：
SWENSON, DL
署名单位：
Duke University
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(94)90062-0
发表日期：
1994
页码：
243-266
关键词：
摘要：
This study empirically examines how taxes shape foreign direct investment, and finds that increased taxes spur inward foreign investment. This finding conforms with theories that recognize that foreign investor response is critically shaped by the tax provisions faced by the foreign investor in his home country, and by the effects of tax reform on pre-tax asset returns. We demonstrate that average tax rates may better proxy tax effects than do effective tax rates. Our findings are more robust than previous results since we utilize the entire 1980s tax history, consider a fuller set of industry distinctions, and estimate the tax responsiveness in the context of exchange-rate fluctuations.
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