Taxation, Competitiveness, and Inversions: A Response to Kleinbard

Knoll, Michael S.

Download This Paper

Open PDF in Browser

Add Paper to My Library

Taxation, Competitiveness, and Inversions: A Response to Kleinbard

Tax Notes, Vol. 155, P. 619, 2017

U of Penn, Inst for Law & Econ Research Paper No. 17-21

35 Pages Posted: 23 May 2017

See all articles by Michael S. Knoll

Michael S. Knoll

University of Pennsylvania Carey Law School; University of Pennsylvania Wharton School -- Real Estate Department

Date Written: May 1, 2017

Abstract

In this report, I argue that the inversion situation is more nuanced, complex, and ambiguous than Edward D. Kleinbard acknowledges, and I challenge Kleinbard’s claim that U.S. multinationals are on a tax par with their foreign competitors.

Keywords: Tax Law and Policy, Empirical Legal Studies, International Taxation, Multinational Corporations, Corporate Inversions, Mergers and Acquisitions, M&a, Pfizer, Allergan, Emerson Electric, Competitiveness, Earnings Stripping

JEL Classification: F23. H21, H25, H26, K34

Suggested Citation: Suggested Citation

Knoll, Michael S., Taxation, Competitiveness, and Inversions: A Response to Kleinbard (May 1, 2017). Tax Notes, Vol. 155, P. 619, 2017, U of Penn, Inst for Law & Econ Research Paper No. 17-21, Available at SSRN: https://ssrn.com/abstract=2972106