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  1. Spillover from the Haven: Cross-border Externalities of Patent Box Regimes within Multinational Firms

    Schwab, Thomas; Todtenhaupt, Maximilian
    This paper analyzes externalities of patent box regimes in Europe. Tax reductions inforeign affliates of a firm that also provide a protit shifting opportunity reduce the user cost of capital and thereby increase domestic investment. We test this mechanism for the case of research activity. By combining in formation on patents, firm ownership data and specific characteristics of patent box regimes, we show that patent box regimes without nexus requirements for tax-efficient reallocation of patent profits induce positive spillovers within multinational groups. The implementation of a patent box in a country one of the foreign affiliates of a firm resides, increases...
    (application/pdf) - 08-nov-2016

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