CORPORATE TAXES AND INTERNAL BORROWING WITHIN MULTINATIONAL FIRMS
ABSTRACT This project develops the Main reasons for the emergence of such a market are tax avoidance through debt shifting and the existence of institutional weaknesses and financial frictions across host countries. The serves to derive hypotheses regarding the role of local versus foreign characteristics such as profit tax rates, lack of institutional quality, financial underdevelopment, and productivity for internal debt at the level of a given foreign affiliate. The ...
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