Fiscal Paradise: Foreign Tax Havens and American Business

Autor:	James R. Hines, Eric M. Rice
Rok vydání:	1994
Předmět:	Economics and Econometrics Tax revenue Earnings Economics Revenue International economics Foreign direct investment Base erosion and profit shifting Tax haven Haven Tax rate
Zdroj:	The Quarterly Journal of Economics. 109:149-182
ISSN:	1531-4650 0033-5533
DOI:	10.2307/2118431
Popis:	The offshore tax haven affiliates of American corporations account for more than a quarter of US foreign investment, an nearly a third of the foreign profits of US firms. This paper analyzes the origins of this tax haven activity and its implications for the US and foreign governments. Based on the behavior of US fins in 1982, it appears that American companies report extraordinarily high profit rates on both their real and their financial investments in tax havens. We calculate from this behavior that the tax rate that maximizes tax revenue for a typical haven is around 6%. The revenue implications for the US are more complicated, since tax havens may ultimately enhance the ability of the US government to tax the foreign earnings of American companies.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::39af988e9f2a4e12bc7b006ae07a5945 https://doi.org/10.2307/2118431 Zobrazit plný text záznamu Plný text ve formátu PDF