ON THE TAXATION OF MULTINATIONAL CORPORATE-INVESTMENT WHEN THE DEFERRAL METHOD IS USED BY THE CAPITAL EXPORTING COUNTRY
成果类型：
Article; Proceedings Paper
署名作者：
LEECHOR, C; MINTZ, J
署名单位：
University of Toronto; The World Bank
刊物名称：
JOURNAL OF PUBLIC ECONOMICS
ISSN/ISSBN：
0047-2727
DOI：
10.1016/0047-2727(93)90005-E
发表日期：
1993
页码：
75-96
关键词：
摘要：
The user cost of capital for a subsidiary is derived when the capital exporter uses the deferral method for the taxation of the parent's foreign-source income. The Hartman-Sinn result implying that the capital exporter's tax on remitted dividends is irrelevant to a subsidiary using retentions to finance investment is shown to be correct only when host and home countries have similar corporate income tax bases. Otherwise, both the home and host country corporate tax provisions influence the cost of capital. It is also shown that a cash flow tax by the capital importer is not neutral owing to interactions with the capital exporter's tax regime.
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