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Welfare, taxes and foreign investment

机译:福利,税收和外国投资

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摘要

R&D-based growth models imply a positive growth effect of foreign investment through the introduction of new technologies. However, it has been shown that in an economy without taxes, national welfare may decrease due to the transfer of profits to foreigners. This paper investigates whether the introduction of a tax on profits warrants a positive welfare effect of foreign investment. It is shown that the welfare effect of foreign investment may be negative due to the existence of transfers of profits to foreigners even when the domestic economy is following the optimal tax policy.
机译:基于研发的增长模型意味着通过引进新技术,外国投资将产生积极的增长效应。但是,事实证明,在没有税收的经济中,国民利益可能会由于利润转移给外国人而减少。本文研究了对利润征税是否对外国投资产生积极的福利效应。研究表明,即使国内经济遵循最佳税收政策,由于存在向外国人转移利润的情况,外国投资的福利效应可能是负面的。

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