An examination of indirect finance structures used by multinational corporations to reduce their worldwide tax payments.The recent increase in cross-border flows of foreign direct investment has sharpened the research focus on multinational taxation. In this book, taxation experts Jack Mintz and Alfons Weichenrieder examine how multinational corporations use indirect financing structures―organizing themselves into groups with several tiers of ownership―to reduce worldwide taxes. They spell out in detail how different tax policies affect corporations' choice of financing structures, discussing the issues in both theoretical and empirical terms. Drawing on a unique data set (MiDi) on German multinationals provided by the Deutsche Bundesbank in Frankfurt, Mintz and Weichenrieder confirm the prevalence of indirect financing structures for both outbound and inbound German investment. They find evidence of “treaty shopping” to avoid withholding taxes (using a third country with more favorable tax rates as a conduit through which to route investments) and of “debt shifting.” Mintz and Weichenrieder argue that increasing our knowledge of the tax reasons behind conduit investment will lead to a better understanding of how tax policy can affect macroeconomic flows of capital in the global economy. They review the trade-offs that governments face and discuss policy options, considering not only possible changes to corporate income tax policy but also the potential influence of international cooperation on countries' domestic tax policy.

The Indirect Side of Direct Investment: Multinational Company Finance and Taxation (CESifo Book)

Business & Money

Mintz, Jack M.

Weichenrieder, Alfons J.

Finance

MIT Press]

Most Favored Nation: Building a Framework for Smart Economic Policy (Policy Study)

Economics

C D Howe Inst

<p>Alberta is at a crossroads. Its situation in Canadian confederation is unfair. It is unequal. So...what comes next?What westerners ultimately need to decide if the best response to that unfairness and inequality is to leave Canada and the great northwest to carve out a smaller but separate country. Or do we simply need to clearly define what would constitute a genuine Fair Deal, not just for Alberta, but for all Canadians who share our values and perspectives on what this country should be?Moment of Truth is a series of provocative, thoughtful, and timely essays, curated by three of Canada?s most respected and original political thinkers, debating whether we should pursue the little western path of yet another division of the northwest, this time via secession, or march along the big western path aimed at nothing less than fairness for ourselves - and everyone else - through a re-confederation.</p>

Moment of Truth: How to Think About Alberta's Future

Politics & Social Sciences

Politics & Government

Sutherland House Books

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Books by Mintz, Jack M.