The influence of the tax system on the location of holding companies in Switzerland
Purpose – The purpose of this study is to determine the extent to which the tax system constitutes a first-order element influencing the location of holding companies in Switzerland. Design/methodology/approach – To achieve this goal, the authors have estimated an econometric model using ordinary le...
| Autores: | , |
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| Tipo de recurso: | artículo |
| Fecha de publicación: | 2015 |
| País: | España |
| Institución: | Universidad Autónoma de Madrid |
| Repositorio: | Biblos-e Archivo. Repositorio Institucional de la UAM |
| Idioma: | inglés |
| OAI Identifier: | oai:repositorio.uam.es:10486/709312 |
| Acceso en línea: | http://hdl.handle.net/10486/709312 https://dx.doi.org/10.1108/CR-08-2014-0022 |
| Access Level: | acceso abierto |
| Palabra clave: | International taxation Swiss holding company Tax planning Economía |
| Sumario: | Purpose – The purpose of this study is to determine the extent to which the tax system constitutes a first-order element influencing the location of holding companies in Switzerland. Design/methodology/approach – To achieve this goal, the authors have estimated an econometric model using ordinary least squares. The authors also provide a unique statistical database of holding companies established in Switzerland. The independent tax variables revolve around concepts of tax burden and effort, whereas the non-tax variables are generally those referred to in the literature on location of investments. Findings – The study concludes that, in addition to the tax burden, there are other qualitative variables that show the same influence on the geographic location of holding companies in Switzerland. Originality/value – The study of holding companies as instruments of international tax planning is usually linked to law offices or consulting firms that specialize in the international tax system – not university academic research per se. The interaction of academic theory and international fiscal praxis provides an interesting perspective from which to approach this topic |
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