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International Investment Agreements, Double-Taxation Treaties and Multinational Activity: The (Heterogeneous) Effects of Binding
| Content Provider | Hyper Articles en Ligne (HAL) |
|---|---|
| Author | Sztajerowska, Monika |
| Abstract | There are close to 3,000 international investment agreements (IIAs) that aim to protect and promote cross-border investment. Do they achieve their main purpose? This paper provides novel firm-level evidence on the effects of IIAs on location decisions of multinational enterprises (MNEs) in a multi-country context. It uses unique micro-level data on the location of MNEs' affiliates globally and country-pair data on the coverage and content of treaties over a twenty-year period (1990-2010). It finds that IIAs, in particular those with the investor state dispute settlement (ISDS), increase the probability of MNEs' first foreign entry when they are accompanied by a double-taxation treaty. This interaction between investment and tax treaties can have important policy implications. |
| Related Links | https://shs.hal.science/halshs-03265057/file/WP_202144.pdf |
| Language | English |
| Publisher | HAL CCSD |
| Access Restriction | Open |
| Subject Keyword | Multinational Enterprises Double Taxation Treaties Multinational Enterprises Double Taxation Treaties Bilateral Investment Agreements |
| Content Type | Text |
| Resource Type | Article |
| Subject | Arts and Humanities |
