The effect of repatriation tax costs on U.S. multinational investment
This paper investigates whether the U.S. repatriation tax for U.S. multinational corporations affects foreign investment. Our results show that the locked-out cash due to repatriation tax costs is associated with a higher likelihood of foreign (but not domestic) acquisitions. We also find a negative...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
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Elsevier
2018
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| Online Access: | http://hdl.handle.net/1721.1/114861 https://orcid.org/0000-0002-7009-1310 https://orcid.org/0000-0003-1231-7374 |