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Conduit Entities: Implications of Indirect Tax-Efficient Financing Structures for Real Investment

International tax and public finance, 2004-08, Vol.11 (4), p.419-434 [Peer Reviewed Journal]

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Title:
Conduit Entities: Implications of Indirect Tax-Efficient Financing Structures for Real Investment
Author: Mintz, Jack M
Subjects: Capital gains ; Corporate governance ; Corporate income tax ; Corporate tax planning ; Corporate taxation ; Correlation analysis ; Economic development ; Equity ; Finance ; Firm theory ; Fiscal policy ; Foreign investment ; Foreign source income ; Host country ; Income shifting ; Indirect taxation ; International finance ; Investment ; Investment policy ; Jurisdiction ; Multinational corporations ; Multinational enterprises ; Public finance ; Studies ; Tax rates ; Withholding taxes
Is Part Of: International tax and public finance, 2004-08, Vol.11 (4), p.419-434
Description: As well known, companies shift income from high to low tax jurisdictions. Typically, profit shifting is achieved by "direct" financing structures whereby companies use debt finance in the high tax entity and equity finance in the low tax entity. However, certain tax policies can lead to "indirect" financing structures whereby a conduit entity provides an opportunity to achieve at least two deductions for interest expenses for an investment made in the host country. The effect of "direct" and "indirect" financing structures on real investment is compared.
Publisher: New York: Springer
Language: English
Identifier: ISSN: 0927-5940
EISSN: 1573-6970
DOI: 10.1023/b:itax.0000033986.95921.99
Source: Alma/SFX Local Collection
RePEc
ProQuest Central

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