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Measuring Rates of Return for Lobbying Expenditures: An Empirical Case Study of Tax Breaks for Multinational Corporations
dc.contributor.author | Alexander, Raquel Meyer | |
dc.contributor.author | Mazza, Stephen W. | |
dc.contributor.author | Scholz, Susan | |
dc.date.accessioned | 2013-07-10T16:26:50Z | |
dc.date.available | 2013-07-10T16:26:50Z | |
dc.date.issued | 2009 | |
dc.identifier.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). | |
dc.identifier.uri | http://hdl.handle.net/1808/11410 | |
dc.description | Full-text available at SSRN. See link in this record. | |
dc.description.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. | |
dc.language.iso | en_US | |
dc.publisher | University of Virginia School of Law | |
dc.relation.hasversion | http://ssrn.com/abstract=1375082 | |
dc.subject | Multinational firms | |
dc.subject | Corporate taxation | |
dc.subject | Repatriation | |
dc.subject | Lobbying | |
dc.title | Measuring Rates of Return for Lobbying Expenditures: An Empirical Case Study of Tax Breaks for Multinational Corporations | |
dc.type | Article | |
kusw.kuauthor | Mazza, Stephen W. | |
kusw.kudepartment | School of Law | |
kusw.oastatus | waivelicense | |
kusw.oapolicy | The license granted by the OA policy is waived for this item. | |
dc.rights.accessrights | openAccess |