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Journal article

Taxes and the location of targets

Abstract:

We use firm-level data to investigate the impact of taxes on the international location of targets in M&A;, allowing for domestic acquisitions and heterogeneous responses by companies. The statutory tax rate in the target country is found to have a negative impact on the probability of an acquisition in that country. In addition, the estimated size of the effect is found to depend on whether (i) acquirer is a domestic or a multinational enterprise; (ii) the acquisition is domestic or cros...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1016/j.jpubeco.2019.05.005

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Institution:
University of Oxford
Division:
SSD
Oxford college:
Oriel College
Role:
Author
Publisher:
Elsevier Publisher's website
Journal:
Journal of Public Economics Journal website
Volume:
176
Pages:
161-178
Publication date:
2019-07-17
Acceptance date:
2019-05-31
DOI:
ISSN:
0047-2727
Keywords:
Pubs id:
pubs:1008752
UUID:
uuid:362d6d0e-bba0-43cd-8760-3fe027db1304
Local pid:
pubs:1008752
Source identifiers:
1008752
Deposit date:
2019-06-06

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