TY  - JOUR
AU  - Devereux, Michael P
AU  - Loretz, Simon
TI  - How Would EU Corporate Tax Reform Affect US Investment in Europe?
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 17576
PY  - 2011
Y2  - November 2011
DO  - 10.3386/w17576
UR  - http://www.nber.org/papers/w17576
L1  - http://www.nber.org/papers/w17576.pdf
N1  - Author contact info:
Michael B. Devereux
Department of Economics
University of British Columbia
997-1873 East Mall
Vancouver, BC V6T 1Z1
CANADA
Tel: 604/822-2542
Fax: 604/822-5915
E-Mail: mbdevereux@gmail.com

Simon Loretz
University of Bayreuth
Universitätsstr. 30
95447 Bayreuth
Germany
E-Mail: simon.loretz@uni-bayreuth.de
M1  - published as Michael P. Devereux, Simon Loretz. "How Would EU Corporate Tax Reform Affect US Investment in Europe?," in Jeffrey Brown, editor, "Tax Policy and the Economy, Volume 26" University of Chicago Press (2012)

M3  - presented at "Tax Policy and the Economy", October 6, 2011
AB  - This paper examines the likely impact of a proposed formula apportionment system for corporation tax in the EU on the inbound investment of US multinational companies. We pay attention to tax planning strategies that may be employed by US multinationals and investigate whether effective tax rates in Europe of US companies differ from those of European companies. The proposal is for an optional system: we estimate the extent to which both European and US companies would be likely to choose it taking into account their existing structures and future investment incentives. The relative position of US and European companies depends crucially on the taxation of foreign passive income.
ER  -