Quotation Oßwald, Benjamin. 2016. Die Entwicklung von Tax Inversions und deren Implikationen für US-amerikanische und europäische Unternehmen. SWI - Steuer und Wirtschaft International 26 (2): S. 90-99.


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Abstract

Inversions have been discussed in the U.S. media extensively over the past 15 years. These discussions have led to several new regulatory measures and changes in laws aimed at discouraging new occurrences of inversions. Recent developments, however, show that inversions have not lost their allure despite these anti-inversion measures. U.S. firms use this strategic tool to change their corporate residences and thus escape worldwide taxation of foreign profits. Nonetheless, I find that these recent regulatory actions have influenced the cost-benefit-rationale of companies as well as the structuring of inversions. In addition, these regulatory actions have, in particular, increased the attractiveness of European firms as M&A partners, which has resulted in a significant increase in inbound transactions. I expect the U.S. Congress to take comprehensive steps in order to effectively solve the “inversion problem”, for example, by tightening earnings-stripping rules. These measures would not only affect U.S. firms but also European firms, since the latter would face more restrictions on debt financing of subsidiaries.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Journal article
Journal SWI - Steuer und Wirtschaft International
WU-Journal-Rating new STRAT-C
Language German
Title Die Entwicklung von Tax Inversions und deren Implikationen für US-amerikanische und europäische Unternehmen
Volume 26
Number 2
Year 2016
Page from 90
Page to 99
DOI n.a.

Associations

People
Oßwald, Benjamin (Former researcher)
Organization
Austrian and International Tax Law IN (Details)
Tax Management Group AB (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5300 Economics (Details)
5349 Business taxation (Details)
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