Incentivos fiscales e inversión transnacional

  1. Vázquez Taín, Miguel Anxo
Zeitschrift:
Papeles de economía española

ISSN: 0210-9107

Datum der Publikation: 2001

Nummer: 87

Seiten: 284-292

Art: Artikel

Andere Publikationen in: Papeles de economía española

Zusammenfassung

The ultimate aim ofthis note is to point out the influence that taxationmay have on transnational investments, especially from the stadpoint of efficiency in their allocation and,therefore, of international capital localisation. Forthis purpose, we use the effective mean and marginal tax rates, evaluating their calculation, together withthat of the cost of use of capital, for direct investments between the OECD countries. The final conclusionis that despite major differences in accordance with how investment is funded and what form it takes, taxation on income from capital may determine its international localisation and therefore affect its eficient allocation.