Esteller Moré, AlejandroRizzo, LeonzioSecomandi, Riccardo2020-04-012021-11-162020-010165-1765https://hdl.handle.net/2445/154620Taxes in the host country matter a lot for FDI inflows, but only for non-OECD countries. Taking advantage of the rich dataset constructed by Djankov et al. (2010), we show, for example, that raising the first-year effective corporate income tax rate by 10 pp reduces FDI inflows by 3.4 to 1.9 pp in non-OECD countries; and the effect is null for OECD countries. Not taking this heterogeneity into account upward (downward) biases the estimated impact of the corporate tax on FDI inflows for OECD (non-OECD) countries.5 p.application/pdfengcc-by-nc-nd (c) Elsevier B.V., 2020http://creativecommons.org/licenses/by-nc-nd/3.0/esImpostos sobre societatsGestió de carteraInversions estrangeresPaïsos de l'Organització de Cooperació i Desenvolupament EconòmicCorporate taxesPortfolio managementForeign investmentsOECD countriesinfo:eu-repo/semantics/article6950582020-04-01info:eu-repo/semantics/openAccess