Taxation and Corporate Group Structure — Evidence from a Sample of European Multinationals

Oestreicher, Andreas; Koch, R.

doi:10.1007/bf03396842

Cited by 6 publications

(4 citation statements)

References 13 publications

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“…Similar to Dyreng et al 2015 Also my tax focus is on cross-border group taxation in Europe, rather than dividend withholding taxes. Among the few studies considering the influence of group taxation on corporate group structure, Oestreicher and Poppe (2007), Weichenrieder and Mintz (2008) and Dreßler and Overesch (2010) are related to my paper. They all analyze the link between group taxation systems and the probability of setting up a holding company in a country but unlike my study, they only consider one point in time.…”

Section: My First Analysis Focuses On European Parent Companies That mentioning

confidence: 89%

The Effect of Cross-Border Group Taxation on Ownership Chains

Rünger

2019

European Accounting Review

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I examine the influence of cross-border group taxation on ownership chains for European multinational firms. I show that the tax advantages of cross-border group taxation regimes can only be exploited if a multinational firm has at least one intermediate subsidiary in the country allowing for cross-border group taxation. I use the introduction of the Austrian cross-border group taxation regime as a natural experiment to test my hypothesis. I find that the probability that a foreign parent company holds an Austrian intermediate subsidiary is significantly higher after the introduction of the group taxation regime. However, I am only able to observe this effect for parent companies already invested in Austria prior to the introduction of the cross-border group taxation regime. I am unable to provide evidence that this also holds for parent companies who are not invested in Austria prior to the introduction of the cross-border group taxation regime. My results contribute to a nascent literature that examines the influence of taxes on ownership chains, and a larger literature on (intermediate) subsidiary location decisions for multinationals. My findings provide empirical evidence that could be useful to governments in those countries attempting to reform their group taxation regimes, or who are implementing cross-border group taxation regimes for the first time.

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Section: My First Analysis Focuses On European Parent Companies That mentioning

confidence: 89%

The Effect of Cross-Border Group Taxation on Ownership Chains

Rünger

2019

European Accounting Review

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“…Buettner, Riedel, and Runkel (2011) study the local business tax in Germany and find that income-shifting opportunities incentivize multi-jurisdictional firms to retain separate taxation of their subsidiaries rather than opting for tax consolidation. In a European setting, Oestreicher and Koch (2012) find that the dividendwithholding tax reduces the likelihood of establishing vertical group structures.…”

Section: Taxes and Group Structures Of Mncsmentioning

confidence: 94%

International Taxation and the Role of Organizational Form Choices for Group Structures Multinationals

Amberger¹,

Kohlhase²

2017

SSRN Journal

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“…There are very unique papers on cross-border mergers such as paper on cross-border mergers and acquisitions concerning financial and institutional forces (Coeurdacier, 2009) or paper assessing the impact of the main forces driving cross-border mergers, where a unique database for 10 acquiring manufacturing sectors and 10 acquiring service sectors located in 21 deferent countries targeting foreign assets in 31 deferent 26 host countries (over the 1985 -2004 period) were constructed (Oestreicher 2010).…”

Section: Literature Overview and Methodologymentioning

confidence: 99%

Tax Aspects of Mergers and Cross-Border Mergers

Žárová¹,

Skálová²

2014

EFAJ

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Taxation and Corporate Group Structure — Evidence from a Sample of European Multinationals

Cited by 6 publications

References 13 publications

The Effect of Cross-Border Group Taxation on Ownership Chains

The Effect of Cross-Border Group Taxation on Ownership Chains

International Taxation and the Role of Organizational Form Choices for Group Structures Multinationals

Tax Aspects of Mergers and Cross-Border Mergers

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