The Effects of Taxation on Multinational Corporations (National Bureau of Economic Research Project Report) [Hardcover]

Martin Feldstein (Editor), James R. Hines Jr. (Editor), R. Glenn Hubbard (Editor)

Book Description

Publication Date: September 1, 1995 | ISBN-10: 0226240959 | ISBN-13: 978-0226240954 | Edition: 1

The tax rules of the United States and other countries have intended and unintended effects on the operations of multinational corporations, influencing everything from the formation and allocation of capital to competitive strategies. The growing importance of international business has led economists to reconsider whether current systems of taxing international income are viable in a world of significant capital market integration and global commercial competition.

In an attempt to quantify the effect of tax policy on international investment choices, this volume presents in-depth analyses of the interaction of international tax rules and the investment decisions of multinational enterprises. Ten papers assess the role played by multinational firms and their investment in the U.S. economy and the design of international tax rules for multinational investment; analyze channels through which international tax rules affect the costs of international business activities; and examine ways in which international tax rules affect financing decisions of multinational firms. As a group, the papers demonstrate that international tax rules have significant effects on firms' investment and other financing decisions.

Editorial Reviews

About the Author

James R. Hines is Richard A. Musgrave Collegiate Professor of Economics in the department of economics and Professor of Law at the University of Michigan Law School.

Martin Feldstein is professor of economics at Harvard University (on leave), and chairman of the Council of Economic Advisers.

Product Details

• Hardcover: 334 pages
• Publisher: University Of Chicago Press; 1 edition (September 1, 1995)
• Language: English
• ISBN-10: 0226240959
• ISBN-13: 978-0226240954
• Product Dimensions: 9.4 x 6.4 x 0.9 inches
• Shipping Weight: 1.8 pounds (View shipping rates and policies)
• Amazon Best Sellers Rank: #1,622,340 in Books (See Top 100 in Books)

More About the Author

R. Glenn Hubbard was named dean of Columbia Business School on July 1, 2004. A Columbia faculty member since 1988, he is also the Russell L. Carson Professor of Finance and Economics. Professor Hubbard received his BA and BS degrees summa cum laude from the University of Central Florida, where he received the National Society of Professional Engineers Award. He also holds AM and PhD degrees in economics from Harvard University. After graduating from Harvard, Professor Hubbard began his teaching career at Northwestern University, moving to Columbia in 1988. He has been a visiting professor at Harvard's Kennedy School of Government and Harvard Business School, as well as the University of Chicago. Professor Hubbard also held the John M. Olin Fellowship at the National Bureau of Economic Research.

In addition to writing more than 100 scholarly articles in economics and finance, Professor Hubbard is the author of two leading textbooks on money and financial markets, as well as co-author of The Aid Trap: Hard Truths About Ending Poverty and Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System. His commentaries appear frequently in Business Week, the Wall Street Journal, the New York Times, the Financial Times, the Washington Post, Nikkei, and the Daily Yomiuri, as well as on television (on PBS's Nightly Business Report) and radio (on NPR's Marketplace).

In government, Professor Hubbard served as deputy assistant secretary of the U.S. Treasury Department for Tax Policy from 1991 to 1993. From February 2001 until March 2003, he was chairman of the U.S. Council of Economic Advisers under President George W. Bush. While serving as CEA chairman, he also chaired the Economic Policy Committee of the OECD. In the corporate sector, he is currently a director of ADP, BlackRock Closed-End Funds, KKR Financial Corporation, and Met Life.

Professor Hubbard is married to Constance Pond Hubbard. They live in Manhattan with their two sons.

If you'd like more information about The Aid Trap: Hard Truths About Ending Poverty, please visit http://aidtrap.com.

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