"HOME SWEET HOME" VERSUS INTERNATIONAL TAX PLANNING: WHERE DO MULTINATIONAL FIRMS HOLD THEIR US TRADEMARKS?

被引：5

作者：

Heckemeyer, Jost H. ^{[1
]}

Olligs, Pia ^{[2
]}

Overesch, Michael ^{[2
]}

机构：

[1] Univ Kiel, Kiel, Germany

[2] Univ Cologne, Cologne, Germany

来源：

NATIONAL TAX JOURNAL | 2018年 / 71卷 / 03期

关键词：

corporate tax; location choice; multinational firm; trademark; INCOME; CHOICE;

D O I：

10.17310/ntj.2018.3.03

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study analyzes whether tax incentives affect the geographical allocation of U.S. trademark rights within large multinational enterprises. Considering the S&P 500 firms, we find a strong home country concentration of US. trademark ownership. Our results suggest that offshore ownership of trademarks is mainly motivated by foreign activities rather than tax considerations. An analysis of the location choice reveals a significant negative impact of host-country taxes but only if controlled foreign-company legislation does not apply. Companies active in industries that are known for producing mobile income tend to hold more trademarks offshore. In particular, trademarks of software firms and drugmakers are overrepresented in tax havens. European multinationals share similar location preferences.

引用

页码：485 / 519

页数：35

共 45 条

[1]

[Anonymous], 2015, OFFSHORE SHELL GAMES

[2] Bringing It Home: A Study of the Incentives Surrounding the Repatriation of Foreign Earnings Under the American Jobs Creation Act of 2004 [J].