I do not have a copy, but it seems very interesting.
Lipsey, Robert E. 2008. "Measuring the Location of Production in a World
of Intangible Productive Assets, FDI, and Intrafirm Trade." NBER Working
Paper No. 14121 (June).
"As production comes to depend more on intangible productive assets, the
location of production by multinational firms becomes increasingly
ambiguous. The reason is that, within the firm, these assets have no
clear geographical location, but only a nominal location determined by
the firm's tax or legal strategies. The effects of these location
ambiguities, and the resulting distortions for tax reasons of the
location of production, are described and it is estimated that for U.S.
firms' affiliates in a few tax havens alone, the exaggeration of value
added in those locations amounted, in 2005, to about 4 percent of
worldwide affiliate sales, and the exaggeration of sales to about 10
percent of worldwide affiliate sales."
--
Michael Perelman
Economics Department
California State University
Chico, CA
95929
530 898 5321
fax 530 898 5901
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