How corporate tax impact decisions in merger and acquisition deals. The phenomenon of "profit shifting"
Autor(a) principal: | |
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Data de Publicação: | 2022 |
Tipo de documento: | Dissertação |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10362/156087 |
Resumo: | Using data on mergers and acquisitions, this paper aims at evaluating the impact of corporate tax on the type of M&A deals. The results suggest the existence of a negative relationship between the corporate tax rate charged in the target’s country and the probability of having a merger/acquisition corresponding to 100% of the target company. Suggesting that cross-border deals, where the target’s country is characterized by lower tax rates, may result in profitability gains for the acquiring company. Moreover, benefits and implications of a harmonized corporate tax base are presented as a possibility for hedging against “profit shifting” practices resulting in a reduction of cross-border M&A deals. |
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How corporate tax impact decisions in merger and acquisition deals. The phenomenon of "profit shifting"Mergers and acquisitionsCorporate tax rateProfit shiftingConsolidated corporate tax base.Domínio/Área Científica::Ciências Sociais::Economia e GestãoUsing data on mergers and acquisitions, this paper aims at evaluating the impact of corporate tax on the type of M&A deals. The results suggest the existence of a negative relationship between the corporate tax rate charged in the target’s country and the probability of having a merger/acquisition corresponding to 100% of the target company. Suggesting that cross-border deals, where the target’s country is characterized by lower tax rates, may result in profitability gains for the acquiring company. Moreover, benefits and implications of a harmonized corporate tax base are presented as a possibility for hedging against “profit shifting” practices resulting in a reduction of cross-border M&A deals.Barros, Pedro PitaRUNRoncalli, Bianca2023-08-01T08:39:34Z2023-01-132022-12-162023-01-13T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/156087TID:203312619enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:38:39Zoai:run.unl.pt:10362/156087Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:56:19.477972Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
How corporate tax impact decisions in merger and acquisition deals. The phenomenon of "profit shifting" |
title |
How corporate tax impact decisions in merger and acquisition deals. The phenomenon of "profit shifting" |
spellingShingle |
How corporate tax impact decisions in merger and acquisition deals. The phenomenon of "profit shifting" Roncalli, Bianca Mergers and acquisitions Corporate tax rate Profit shifting Consolidated corporate tax base. Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
title_short |
How corporate tax impact decisions in merger and acquisition deals. The phenomenon of "profit shifting" |
title_full |
How corporate tax impact decisions in merger and acquisition deals. The phenomenon of "profit shifting" |
title_fullStr |
How corporate tax impact decisions in merger and acquisition deals. The phenomenon of "profit shifting" |
title_full_unstemmed |
How corporate tax impact decisions in merger and acquisition deals. The phenomenon of "profit shifting" |
title_sort |
How corporate tax impact decisions in merger and acquisition deals. The phenomenon of "profit shifting" |
author |
Roncalli, Bianca |
author_facet |
Roncalli, Bianca |
author_role |
author |
dc.contributor.none.fl_str_mv |
Barros, Pedro Pita RUN |
dc.contributor.author.fl_str_mv |
Roncalli, Bianca |
dc.subject.por.fl_str_mv |
Mergers and acquisitions Corporate tax rate Profit shifting Consolidated corporate tax base. Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
topic |
Mergers and acquisitions Corporate tax rate Profit shifting Consolidated corporate tax base. Domínio/Área Científica::Ciências Sociais::Economia e Gestão |
description |
Using data on mergers and acquisitions, this paper aims at evaluating the impact of corporate tax on the type of M&A deals. The results suggest the existence of a negative relationship between the corporate tax rate charged in the target’s country and the probability of having a merger/acquisition corresponding to 100% of the target company. Suggesting that cross-border deals, where the target’s country is characterized by lower tax rates, may result in profitability gains for the acquiring company. Moreover, benefits and implications of a harmonized corporate tax base are presented as a possibility for hedging against “profit shifting” practices resulting in a reduction of cross-border M&A deals. |
publishDate |
2022 |
dc.date.none.fl_str_mv |
2022-12-16 2023-08-01T08:39:34Z 2023-01-13 2023-01-13T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/masterThesis |
format |
masterThesis |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10362/156087 TID:203312619 |
url |
http://hdl.handle.net/10362/156087 |
identifier_str_mv |
TID:203312619 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
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info:eu-repo/semantics/openAccess |
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openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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