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    Measuring Rates of Return for Lobbying Expenditures: An Empirical Case Study of Tax Breaks for Multinational Corporations

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    Full-text available at SSRN. See link in this record. (18.81Kb)
    Issue Date
    2009
    Author
    Alexander, Raquel Meyer
    Mazza, Stephen W.
    Scholz, Susan
    Publisher
    University of Virginia School of Law
    Type
    Article
    Version
    http://ssrn.com/abstract=1375082
    Metadata
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    Abstract
    In this paper we use audited corporate tax disclosures relating to a tax holiday on repatriated earnings created by the American Jobs Creation Act of 2004 to examine the return on lobbying. We find firms lobbying for this provision have a return in excess of $220 for every $1 spent on lobbying, or 22,000%. Repatriating firms are more profitable overall, but surprisingly, profitability is not a predictor of repatriation amount. Rather, industry and firm size are most predictive of repatriation. Cash on hand, a proxy for ability to repatriate, is not associated with the repatriation decision or the repatriation amount. This paper provides compelling evidence that lobbying expenditures have a positive and significant return on investment.
    Description
    Full-text available at SSRN. See link in this record.
    URI
    http://hdl.handle.net/1808/11410
    Collections
    • Law School Scholarly Works [621]
    Citation
    Raquel Meyer Alexander, Stephen W. Mazza & Susan Scholz, Measuring Rates of Return for Lobbying Expenditures: An Empirical Case Study of Tax Breaks for Multinational Corporations, 25 J. L. & POL. 401 (2009).

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    Contact KU ScholarWorks
    785-864-8983
    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    785-864-8983

    KU Libraries
    1425 Jayhawk Blvd
    Lawrence, KS 66045
    Image Credits
     

     

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