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Barriers to mobility: The lockout effect of U.S. taxation of worldwide corporate profits

Publication ,  Journal Article
Graham, JR; Hanlon, M; Shevlin, T
Published in: National Tax Journal
2010

Using data from a survey of tax executives, we examine the corporate response to the one-time dividends received deduction in the American Jobs Creation Act of 2004. We describe the firms' reported sources and uses of the cash repatriated and we also examine non-tax costs companies incurred to avoid the repatriation tax prior to the Act. Finally, we examine whether firms would repatriate cash again if a similar Act were to occur in the future. Overall, the evidence is consistent with a substantial lockout effect resulting from the current U.S. policy of taxing the worldwide profits of U.S. multinationals.

Duke Scholars

Published In

National Tax Journal

ISSN

0028-0283

Publication Date

2010

Volume

63

Issue

4

Start / End Page

1111 / 1144

Related Subject Headings

  • Economics
  • 3801 Applied economics
  • 1801 Law
  • 1501 Accounting, Auditing and Accountability
 

Citation

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Graham, J. R., Hanlon, M., & Shevlin, T. (2010). Barriers to mobility: The lockout effect of U.S. taxation of worldwide corporate profits. National Tax Journal, 63(4), 1111–1144.
Graham, J. R., M. Hanlon, and T. Shevlin. “Barriers to mobility: The lockout effect of U.S. taxation of worldwide corporate profits.” National Tax Journal 63, no. 4 (2010): 1111–44.
Graham JR, Hanlon M, Shevlin T. Barriers to mobility: The lockout effect of U.S. taxation of worldwide corporate profits. National Tax Journal. 2010;63(4):1111–44.
Graham, J. R., et al. “Barriers to mobility: The lockout effect of U.S. taxation of worldwide corporate profits.” National Tax Journal, vol. 63, no. 4, 2010, pp. 1111–44.
Graham JR, Hanlon M, Shevlin T. Barriers to mobility: The lockout effect of U.S. taxation of worldwide corporate profits. National Tax Journal. 2010;63(4):1111–1144.

Published In

National Tax Journal

ISSN

0028-0283

Publication Date

2010

Volume

63

Issue

4

Start / End Page

1111 / 1144

Related Subject Headings

  • Economics
  • 3801 Applied economics
  • 1801 Law
  • 1501 Accounting, Auditing and Accountability