全球智库信息集成服务系统(G2TT): US Multinationals in Puerto Rico and the Repeal of Section 936 Tax Exemption for U.S. Corporations

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来源类型	Working Paper
规范类型	报告
DOI	10.3386/w23681
来源ID	Working Paper 23681
	US Multinationals in Puerto Rico and the Repeal of Section 936 Tax Exemption for U.S. Corporations
	Zadia M. Feliciano; Andrew Green
发表日期	2017-08-21
出版年	2017
语种	英语
摘要	Puerto Rico, the Commonwealth Island and unincorporated territory of the United States, was placed under a fiscal Oversight Board by the U.S. Congress in 2016. Unable to pay $72 billion it owes to bond holders, Puerto Rico’s Government and the Oversight Board filed for court proceedings under Title III of the Puerto Rico Oversight, Management and Economic Stability Act, similar to Chapter 9 of the US Bankruptcy code. The origins of the crisis in Puerto Rico have been attributed in part to the phase out of the IRS Section 936 tax exemption program for U.S. corporations from 1995 to 2005 and its elimination in January 2006. Using industry panel data, compiled from the IRS Statistics of Income for U.S. Possessions Corporations, the U.S. Economic Census for Outlying Areas, and the mainland U.S. Economic Census, we analyze the effects of the phase out and elimination of Section 936 on the number of establishments, value added, employment, and wages in Puerto Rico’s manufacturing. Our results show the elimination of Section 936 had the effect of decreasing average manufacturing wages by 16.7%, and decreasing the number of manufacturing establishments by 18.7% to 28.0%
主题	International Economics ; International Factor Mobility ; Public Economics ; Taxation
URL	https://www.nber.org/papers/w23681
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/581354
推荐引用方式 GB/T 7714	Zadia M. Feliciano,Andrew Green. US Multinationals in Puerto Rico and the Repeal of Section 936 Tax Exemption for U.S. Corporations. 2017.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w23681.pdf（1045KB）	智库出版物		限制开放	CC BY-NC-SA	浏览