Please use this identifier to cite or link to this item: http://hdl.handle.net/2445/180017
Title: The role of tax system complexity on foreign direct investment allocation
Author: Esteller Moré, Alejandro
Rizzo, Leonzio
Secomandi, Riccardo
Keywords: Administració fiscal
Inversions estrangeres
Tax administration and procedure
Foreign investments
Issue Date: Sep-2021
Publisher: Taylor and Francis
Abstract: We present new cross-country empirical evidence that tax system complexity affects the location of international investment. The evidence comes from a database of foreign direct investment (FDI) bilateral flows for all OECD countries over the 2013-2016 period, and from the Doing Business survey, which collects several measures of tax system complexity and effective tax rates. By means of a gravity model, we consider the impact of destination and parent country characteristics on firm investment decisions. An increase in the difference between tax complexity in the home country and the destination country is related with an increase in FDI outflows from home to destination. We do not find any significant impact of tax rate differentials on FDI outflows.
Note: Versió postprint del document publicat a: https://doi.org/10.1080/00036846.2021.1922587
It is part of: Applied Economics, 2021, vol. 53, num. 45, p. 5208-5220
URI: http://hdl.handle.net/2445/180017
Related resource: https://doi.org/10.1080/00036846.2021.1922587
ISSN: 0003-6846
Appears in Collections:Articles publicats en revistes (Economia)

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