| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP25 |
| DP25 Taxation of Foreign Multinationals: A Sequential Bargaining Approach to Tax Holidays | |
| Sweder van Wijnbergen; Christopher Doyle | |
| 发表日期 | 1984-08-01 |
| 出版年 | 1984 |
| 语种 | 英语 |
| 摘要 | In this paper we view the tax schedule applied to the profits of a Multinational Enterprise (MNE) as the outcome of a sequential bargaining process and show, using modern game theory developments (the "perfect equilibrium" solution concept) that tax holidays will emerge from such a process if a MNE incurs fixed costs upon entry. At the core of our results is the recognition that the existence of sunk costs creates an ex post (entry) bilateral monopoly situation. We show that the tax rate emerging from this form of bargaining has a dynamic structure. We obtain results on the length and discounted value of the tax holiday, its precise form and the way all this responds to changes in fixed costs. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Sequential bargaining Tax holiday Taxation of multinationals |
| URL | https://cepr.org/publications/dp25 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529181 |
| 推荐引用方式 GB/T 7714 | Sweder van Wijnbergen,Christopher Doyle. DP25 Taxation of Foreign Multinationals: A Sequential Bargaining Approach to Tax Holidays. 1984. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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