01724cas a2200241 a 4500 AALejournalIMF018197 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484337493 1018-5941 BD-DhAAL BD-DhAAL Liu, Li. Where Does Multinational Investment Go with Territorial Taxation? : Evidence from the UK / Li Liu. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (49 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In 2009, the United Kingdom changed from a worldwide to a territorial tax system, abolishing dividend taxes on foreign repatriation from many low-tax countries. This paper assesses the causal effect of territorial taxation on real investments, using a unique dataset for multinational affiliates in 27 European countries and employing the difference-in-difference approach. It finds that the territorial reform has increased the investment rate of UK multinationals by 15.7 percentage points in low-tax countries. In the absence of any significant investment reduction elsewhere, the findings represent a likely increase in total outbound investment by UK multinationals. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2018/007 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/007/001.2018.issue-007-en.xml IMF e-Library