The Resource "Home sweet home" versus international tax planning : where do multinational firms hold their U.S. trademarks?

"Home sweet home" versus international tax planning : where do multinational firms hold their U.S. trademarks?

Label
"Home sweet home" versus international tax planning : where do multinational firms hold their U.S. trademarks?
Title
"Home sweet home" versus international tax planning : where do multinational firms hold their U.S. trademarks?
Creator
Subject
Language
eng
Summary
This study analyses whether tax incentives affect the geographical allocation of U.S. trademark rights within large multinational enterprises. Considering the S&P 500 firms, the authors find a strong home country concentration of U.S. trademark ownership. Their results suggest that offshore ownership of trademarks is mainly motivated by foreign activities rather than tax considerations. An analysis of the location choice reveals a significant negative impact of host-country taxes but only if controlled-foreign-company legislation does not apply. Companies active in industries that are known for producing mobile income tend to hold more trademarks offshore. In particular, trademarks of software firms and drugmakers are overrepresented in tax havens. European multinationals share similar location preferences
Citation source
In: National tax journal. - Washington. - Vol. 71 (2018), no. 3 ; p. 485-520
http://library.link/vocab/creatorName
  • Heckemeyer, J.H
  • Olligs, P
  • Overesch, M
Geographic coverage
North America
Language note
English
http://library.link/vocab/subjectName
  • international tax planning
  • MNE
  • trademark
  • corporate income tax
  • tax incentive
  • tax haven
  • CFC
Label
"Home sweet home" versus international tax planning : where do multinational firms hold their U.S. trademarks?
Instantiates
Publication
Label
"Home sweet home" versus international tax planning : where do multinational firms hold their U.S. trademarks?
Publication

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