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Identifier to cite or link to this item: https://hdl.handle.net/10086/16994

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Title
Welcome Home to Japan: Repatriation of Foreign Profits by Japanese Multinationals
Creator
Creator Name
Tajika, Eiji Tajika, Eiji
田近, 栄治 田近, 栄治
Affiliation
Affiliation Name
Hitotsubashi University
Creator Name
Nakatani, Ryota Nakatani, Ryota
中谷, 亮太 中谷, 亮太
Affiliation
Affiliation Name
Hitotsubashi University
Key Word
Japanese multinationals
repatriation
foreign tax credits
Abstract (distribution restricted)
The empirical literature suggests that repatriation decisions of U.S. multinational corporations are influenced by taxes. Although the U.S. and Japan adopt the same foreign tax credit system, we have found no evidence that corporate taxes have significantly affected dividend repatriation of Japanese multinationals. Instead, we have found that almost half of Japanese foreign affiliates pay dividends and their average marginal dividend payout rate is about twenty percent. The results also suggest that the repatriation behavior varies across industries and countries. Furthermore, parent companies' financial status is found to influence the profit remittance of their foreign affiliates.
Description
March 31, 2008
Publisher
Graduate School of Economics, Hitotsubashi University
Issued Date
2008-03
Language
English(eng)
Resource Type
technical report
Version Type
VoR
Is Part OfRelation -
Related Title
Discussion papers ; No. 2008-04
Number of Pages
32
Appears in Collections
Discussion papers / Graduate School of Economics, Hitotsubashi University
URL
https://hdl.handle.net/10086/16994