International Investment Agreements, Double-Taxation Treaties and Multinational Activity: The (Heterogeneous) Effects of Binding
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- handle: 10670/1.ssi6k1
- halshs: halshs-03265057
info:eu-repo/semantics/OpenAccess
Mots-clés
Double Taxation Treaties Bilateral Investment Agreements Multinational Enterprises Double Taxation Treaties Multinational Enterprises F - International Economics/F.F2 - International Factor Movements and International Business/F.F2.F23 - Multinational Firms • International Business F - International Economics/F.F1 - Trade/F.F1.F14 - Empirical Studies of Trade F - International Economics/F.F1 - Trade/F.F1.F15 - Economic Integration F - International Economics/F.F5 - International Relations, National Security, and International Political Economy/F.F5.F53 - International Agreements and Observance • International OrganizationsSujets proches
Conventions (Treaties) Treaties--Law and legislation International agreements Agreements, InternationalCiter ce document
Monika Sztajerowska, « International Investment Agreements, Double-Taxation Treaties and Multinational Activity: The (Heterogeneous) Effects of Binding », HAL-SHS : économie et finance, ID : 10670/1.ssi6k1
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Résumé
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.