International Taxation and Cross-Border Banking

• 成果类型: Article
• 署名作者: Huizinga, Harry; Voget, Johannes; Wagner, Wolf
• 署名单位: Tilburg University; University of Mannheim
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.6.2.94
• 发表日期: 2014
• 页码: 94-125
• 关键词: determinants; location; margins; taxes

摘要

This paper examines empirically how international taxation affects the volume and pricing of cross-border banking activities for a sample of banks in 38 countries over the 1998-2008 period. International double taxation of foreign-source bank income is found to reduce banking-sector FDI. Furthermore, such taxation is almost fully passed on into higher interest margins charged abroad. These results imply that international double taxation distorts the activities of international banks, and that the incidence of international double taxation of banks is on bank customers in the foreign subsidiary country.