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Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

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Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF ACCOUNTING AND FINANCE

Trends in the Shifting of Resources by U.S.-Based Multinational Companies

Author(s): Andrew Brajcich, Dan Friesner, Matt McPherson

Citation: Andrew Brajcich, Dan Friesner, Matt McPherson, (2013) "Trends in the Shifting of Resources by U.S.-Based Multinational Companies," Journal of Accounting and Finance, Vol. 13, Iss. 6, pp. 92 - 106

Article Type: Research paper

Publisher: North American Business Press

Abstract:

The U.S. has one of the highest statutory corporate tax rates among economically developed countries.

Corporate officers are under pressure to minimize their company’s effective tax rate and tax practitioners

have developed sophisticated international structures to facilitate their clients’ needs. Common wisdom

among multinational corporations (MNCs) is to utilize low-tax jurisdictions to reduce overall tax

expense. Concerns of an exodus of U.S. capital to low-tax foreign jurisdictions have led to much debate in

the halls of Congress on the U.S. taxation of MNCs. This study analyzes the extent to which MNCs make

use of low-tax jurisdictions and considers many non-tax factors that may influence investment abroad,

including business climate and economic activity. We find that tax rates do influence where MNCs shift

income, but to a limited extent and only after foreign operations are established.