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Essays on tax systems and corporate tax avoidance: the effect on MNC location choices and firm value

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dc.contributor.advisor Aybar, Bulent Baker, Michael A. 2017-05-01T17:35:26Z 2017-05-01T17:35:26Z 2016-12-31
dc.description.abstract The following dissertation is structured as two related essays on tax systems and corporate tax avoidance. The first essay focuses on the firm level impact of a government’s transition from a worldwide tax system to a territorial tax system. Utilizing a case study approach, ten firms within the tax jurisdiction of the United Kingdom are analyzed pre- and post-transition. Firm behavior is evaluated pre- and post-transition through firm level incentives to shift earnings and firm level utilization of tax havens (i.e. subsidiaries located in tax advantageous areas). Despite significant efforts put forth by governments to reduce corporate tax avoidance and tax haven utilization, case study findings reveal little evidence that territorial tax systems promote such firm behavior. The second essay focuses on the firm level change in share value, and the associated return to holding such shares, for firms that engage in corporate inversion. Cumulative abnormal returns are reviewed for a set of inverting firms to determine whether shareholders value corporate inversion transactions. In addition, this essay reviews the relationship between such cumulative abnormal returns and certain firm level incentives to shift earnings, tax haven utilization, and other firm characteristics such as permanently reinvested foreign earnings. Results reveal that the level of both permanently reinvested earnings and intangible assets impact the value shareholders place on the shares of firms engaged in corporate inversions. (Author abstract) en_US
dc.format.extent 5977629 bytes en_US
dc.language.iso en_US en_US
dc.publisher Southern New Hampshire University en_US
dc.relation.requires Adobe Acrobat Reader en_US
dc.rights Author retains all ownership rights. Further reproduction in violation of copyright is prohibited en_US
dc.subject.lcsh Southern New Hampshire University -- Theses (International Business) en_US
dc.subject.other accounting en_US
dc.subject.other finance en_US
dc.subject.other corporate inversions en_US
dc.subject.other event study en_US
dc.subject.other inversions en_US
dc.subject.other tax avoidance en_US
dc.subject.other tax havens en_US
dc.subject.other tax systems en_US
dc.title Essays on tax systems and corporate tax avoidance: the effect on MNC location choices and firm value en_US
dc.type Dissertation en_US
dc.contributor.committeeMember Nugent, Nicholas
dc.contributor.committeeMember Ficici, Aysun
dc.contributor.committeeMember Dhakar, Tej
dc.description.bibliographicCitation Baker, M.A. (2016). Essays on tax systems and corporate tax avoidance: the effect on MNC location choices and firm value. Retrieved from en_US Doctor of Philosophy (Ph.D.) en_US
dc.description.program International Business en_US School of Business en_US
dc.digSpecs PDF/A-1b en_US
dc.format.mediaType application/pdf en_US
dc.rightsHolder Baker, Michael A.

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