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  • 01 Dec 2011
  • News

A Modest Tax Proposal

them to defer American taxes forever on their foreign profits as long as they were kept abroad. It would be unfair to suddenly impose a 20 percent tax on a strategy that until now has been perfectly... View Details
Keywords: Robert C. Pozen; tax holidays
  • 11 Mar 2011
  • News

Economists: Tax holiday not a jobs machine

  • 27 Sep 2017
  • News

Will a Corporate Tax Holiday Give Workers Anything to Cheer?

  • 17 Mar 2011
  • News

Tax Holiday for $1 Trillion May Lure Profits Without Spurring U.S. Growth

  • March 2016
  • Article

Trade Credit and Taxes

By: Mihir Desai, C. Fritz Foley and James R. Hines Jr.
This paper analyzes the extent to which firms use trade credit to reallocate capital in response to tax incentives. Tax-induced differences in pretax returns encourage the use of trade credit to reallocate capital from firms facing low tax rates to those facing high... View Details
Keywords: Taxation; Trade; Credit; Capital
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  • 01 Mar 2011
  • News

Tax and Grow

currently have an incentive to keep money abroad. A temporary holiday of the repatriation tax coupled with the tax on excess cash holdings would help ensure that the disgorged... View Details
Keywords: Mihir A. Desai; Administration of Economic Programs; Government; Corporate, Subsidiary, and Regional Managing Offices; Management
  • 14 Dec 2010
  • Op-Ed

Tax US Companies to Spur Spending

"repatriation taxes" that occur under the US system of worldwide taxation. Simply put, multinational firms currently have an incentive to keep money abroad. A temporary holiday of the repatriation View Details
Keywords: by Mihir A. Desai
  • 2009
  • Working Paper

Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act

By: Dhammika Dharmapala, C. Fritz Foley and Kristin J. Forbes
This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax holiday for the repatriation of foreign earnings by U.S. multinationals. The analysis controls for endogeneity and omitted variable bias by using... View Details
Keywords: Investment; Multinational Firms and Management; Government Legislation; Taxation; Business and Shareholder Relations; Behavior; United States
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  • June 2011
  • Article

Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act

By: Dhammika Dharmapala, C. Fritz Foley and Kristin J. Forbes
This paper analyzes the impact of the Homeland Investment Act of 2004, which provided a one-time tax holiday for the repatriation of foreign earnings and thereby reduced the cost to U.S. multinationals of accessing a source of internal capital. Lawmakers and lobbyists... View Details
Keywords: Investment; Performance Effectiveness; Code Law; Taxation; Cost; Capital; Financial Strategy; Research and Development; Governing Rules, Regulations, and Reforms; Business and Shareholder Relations; United States
Related
  • 29 Oct 2020
  • Blog Post

Delving Deeper into Development with the MBA/MPA-ID Program – a Q+A with Zainab Raji (MBA/MPA-ID 2022)

history on my grandpa’s walking tours of Lagos Island, celebrating Eid holidays with family, and working on craft projects with my twin sister. My family bonded over storytelling. Older family members recounted tales of their past... View Details
  • 26 Jun 2012
  • First Look

First Look: June 26

trade credit positions that are 1.4% higher as a fraction of sales. The use of trade credit to get capital out of low-tax, low-return environments is also illustrated by reactions of U.S. firms to the temporary repatriation tax View Details
Keywords: Sean Silverthorne
  • Web

Great American Business Leaders of the 20th Century - Leadership

1946–1971 C. Kemmons Wilson Holiday Inns of America, 1951–1979 Charles Edward Wilson General Electric Company, 1940–1950 Charles Erwin Wilson General Motors Corporation, 1941–1953 Thornton A. Wilson Boeing Company, 1969–1986 Charles D.... View Details
  • 09 Nov 2023
  • News

From the Brink

oversight authority to take the politics out of the recovery effort; a boost in Medicaid coverage to shore up the health sector; and a fiscal stimulus, through the earned income tax credit, to move workers into the formal labor sector and... View Details
Keywords: Ralph Ranalli
  • 30 Jun 2009
  • First Look

First Look: June 30

provided a one-time tax holiday for the repatriation of foreign earnings by U.S. multinationals. The analysis controls for endogeneity and omitted variable bias by using instruments that identify the firms... View Details
Keywords: Martha Lagace
  • 10 Aug 2011
  • Research & Ideas

HBS Faculty Views on Debt Crisis

spending may involve continuation of the payroll tax holiday as well as improvements in this country's infrastructure. Politicians' pledges to resist restructuring entitlements or to rule out raising... View Details
Keywords: by Staff
  • 15 May 2012
  • First Look

First Look: May 15

conventional optimal tax theory because it eases the classic tradeoff between efficiency and equality. But tagging is used in only limited ways in tax policy. I propose one explanation: conventional optimal... View Details
Keywords: Carmen Nobel
  • 09 Feb 2016
  • First Look

February 9, 2016

local tax rates are associated with net trade credit positions that are 1.4% higher as a fraction of sales. The use of trade credit to get capital out of low-tax, low-return environments is also illustrated by reactions of U.S. firms to... View Details
Keywords: Sean Silverthorne
  • 19 Feb 2013
  • First Look

First Look: Feb. 19

insurance benefits) for providing worker insurance. Employment regulations more directly tax firms making frequent labor adjustments than other labor market insurance mechanisms. Venture capital investors are especially sensitive to these... View Details
Keywords: Sean Silverthorne
  • 01 Mar 2010
  • News

Sole Mates

special benefits package consisting of a 10-year tax holiday (corporate and personal), a 99-year land lease at concessionary rates, grants of up to $750K, no customs or duty taxes, and more. Macedonia’s... View Details
Keywords: Garry Emmons; Forestry and Logging; Agriculture; Monetary Authorities-Central Bank; Finance; Administration of Environmental Quality Programs; Government
  • 25 May 2010
  • First Look

First Look: May 25

Foley, and Kristin J. Forbes Publication:Journal of Finance (forthcoming) Abstract This paper analyzes the impact of the Homeland Investment Act of 2004, which provided a one-time tax holiday for the... View Details
Keywords: Martha Lagace