multinationals Archives - IREF Europe https://en.irefeurope.org/tag/multinationals/ Independent research and policy analysis on fiscal, monetary, and regulatory issues in Europe Sun, 23 Jan 2022 17:39:39 +0000 en-US hourly 1 https://wordpress.org/?v=7.1.2 https://en.irefeurope.org/wp-content/uploads/sites/3/2026/04/IREF-LinkedIn-Profile-DarkBlue-scaled.png multinationals Archives - IREF Europe https://en.irefeurope.org/tag/multinationals/ 32 32 Effects of taxation on European multi-nationals’ financing and profits https://en.irefeurope.org/topics-glossaire/article/effects-of-taxation-on-european-multi-nationals-financing-and-profits/?utm_source=rss&utm_medium=rss&utm_campaign=effects-of-taxation-on-european-multi-nationals-financing-and-profits https://en.irefeurope.org/topics-glossaire/article/effects-of-taxation-on-european-multi-nationals-financing-and-profits/#respond Wed, 28 Nov 2012 16:05:10 +0000 https://en.irefeurope.org/publications/other-publications/topics-glossaire/effects-of-taxation-on-european-multi-nationals-financing-and-profits/ Important determinants of multinational firms’ choice of location include, besides resource cost and infrastructure, the taxation regime through its effects on international pricing and profits. This paper investigates the effects of tax rates on firms’ profits and financing decisions by analyzing a panel of several hundred thousand European firms for the years 1985 to 2010. Results indicate that taxation has a negative effect on overall firm profits but not on returns on shareholder funds.

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