repatriation - Publications - Faculty & Research

December 2001
Article

Repatriation Taxes and Dividend Distortions

By: Mihir A. Desai, C. Fritz Foley and James R. Hines Jr.

Keywords: Taxation; Profit

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01 Jun 2024
News

Outside Voices

forever,” he explains. “Greece’s loss is these countries’ gain.” To capitalize on this intelligence, Deon collaborated with these academics, who understand the Greek ecosystem but also have experience in other countries. Together they created a set of policy... View Details

Keywords: Jen McFarland Flint; illustration by Pete Ryan; immigration; repatriation; innovation; public policy; Greece

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

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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Innovation Key to Job Growth in America

17 Apr 2012
News

Apple, Google, Amazon Pay Corporate Income Tax Well Below Official Rate

16 Nov 2010
News

Medtronic Ex-CEO Suggests Steps to Boost Business

Article

Tax Policy and the Efficiency of U.S. Direct Investment Abroad

By: Mihir A. Desai, C. Fritz Foley and James R. Hines Jr.

Deferral of U.S. taxes on foreign source income is commonly characterized as a subsidy to foreign investment, as reflected in its inclusion among "tax expenditures" and occasional calls for its repeal. This paper analyzes the extent to which tax deferral and other... View Details

Keywords: International Taxation; Dynamic Efficiency; Deferral; Policy; Taxation; Performance Efficiency; Foreign Direct Investment; Investment Funds; Investment Return; Business Earnings; Equity; Financing and Loans; Cash Flow; Capital; United States

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11 Mar 2011
News

Economists: Tax holiday not a jobs machine

2011
Working Paper

Tax Policy and the Efficiency of U.S. Direct Investment Abroad

By: Mihir A. Desai, C. Fritz Foley and James R. Hines Jr.

Deferral of U.S. taxes on foreign source income is commonly characterized as a subsidy to foreign investment, as reflected in its inclusion among "tax expenditures" and occasional calls for its repeal. This paper analyzes the extent to which tax deferral and other... View Details

Keywords: Cash Flow; Investment Return; Foreign Direct Investment; Investment Funds; Policy; Taxation; United States

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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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08 Aug 2017
Working Paper Summaries

The Role of Taxes in the Disconnect Between Corporate Performance and Economic Growth

Keywords: by Urooj Khan, Suresh Nallareddy, and Ethan Rouen

18 Feb 2014
News

A Better Path to Corporate Tax Reform

17 Mar 2011
News

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

24 May 2017
News

Silicon Valley's Big Three vs. Detroit's Golden-Age Big Three

20 Jan 2017
News

The flow of money across borders

July–August 2012
Article

A Better Way to Tax U.S. Businesses

By: Mihir Desai

The article argues that U.S. taxation reform should reduce corporate taxes, incorporate an awareness of the global marketplace, and generate revenue-neutral incentives for innovation. According to the article, a reduction in corporate tax rates would be offset by a tax... View Details

Keywords: Corporate Social Responsibility and Impact; Taxation; Globalization; Labor; Innovation and Invention; United States

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07 Apr 2008
Research & Ideas

The Debate over Taxing Foreign Profits

on foreign income; it is undertaking a serious reexamination of that now. In terms of the political debate, the ability to defer U.S. taxation until profits are repatriated is often framed as providing an incentive to ship jobs overseas.... View Details

Keywords: by Sean Silverthorne