Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act

Watch What I Do, Not What I Say: The Unintended Consequences of the Homeland Investment Act

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 instruments that identify the firm...

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Bibliographic Details
Main Authors: Dhammika, Dharmapala, Foley, C. Fritz, Forbes, Kristin J.
Format: Working Paper
Language:en_US
Published: Cambridge, MA; Alfred P. Sloan School of Management, Massachusetts Institute of Technology 2011
Subjects:
flypaper effect
international taxation
financial constraints
Repatriations
Online Access:http://hdl.handle.net/1721.1/66936

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