Universität zu Köln

Heckemeyer, Jost H., Olligs, Pia and Overesch, Michael (2018). HOME SWEET HOME VERSUS INTERNATIONAL TAX PLANNING: WHERE DO MULTINATIONAL FIRMS HOLD THEIR US TRADEMARKS? Natl. Tax J., 71 (3). S. 485 - 520. WASHINGTON: NATL TAX ASSOC. ISSN 1944-7477

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Abstract

This study analyzes whether tax incentives affect the geographical allocation of U.S. trademark rights within large multinational enterprises. Considering the S&P 500 firms, we find a strong home country concentration of US. trademark ownership. Our results suggest that offshore ownership of trademarks is mainly motivated by foreign activities rather than tax considerations. An analysis of the location choice reveals a significant negative impact of host-country taxes but only if controlled foreign-company legislation does not apply. Companies active in industries that are known for producing mobile income tend to hold more trademarks offshore. In particular, trademarks of software firms and drugmakers are overrepresented in tax havens. European multinationals share similar location preferences.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Heckemeyer, Jost H. UNSPECIFIED UNSPECIFIED UNSPECIFIED Olligs, Pia UNSPECIFIED UNSPECIFIED UNSPECIFIED Overesch, Michael UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-174410
DOI:	10.17310/ntj.2018.3.03
Journal or Publication Title:	Natl. Tax J.
Volume:	71
Number:	3
Page Range:	S. 485 - 520
Date:	2018
Publisher:	NATL TAX ASSOC
Place of Publication:	WASHINGTON
ISSN:	1944-7477
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language INCOME; CHOICE Multiple languages Business, Finance; Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/17441