Workshop on: Offshoring, the Environment and Industrial Policy (Jointly hosted by RIEB Seminar, Rokko Forum, Rokkodai Foundation, and supported by Project for Promotion of Global Human Resource Development)
| Date&Time | Friday, January 17, 2014, 1:00pm- |
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| Place | RIEB Meeting Room (Annex 2nd floor) |
| Intended Audience | Faculty, Graduate Students, Undergraduates, and Managers for Technology and Product Development at Manufacturers |
| Language | English |
| Note | Copies of the paper will be available at Office of Promoting Research Collaboration |
1:00pm～2:00pm
| Speaker | Kozo KIYOTA |
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| Affiliation | Keio Economic Observatory, Keio University |
| Topic | The Effect of Moving to a Territorial Tax System on Profit Repatriations: Evidence from Japan (with Makoto Hasegawa, GRIPS) |
| Abstract | The design of international tax policies, regarding whether and how to tax corporate incomes earned in foreign countries, has received a great deal of attention from policymakers and economists. Japan's worldwide tax system taxed foreign source income upon repatriation. To stimulate dividend repatriations from Japanese-owned foreign affiliates, Japan introduced a foreign dividend exemption in 2009 that exempts from home taxation dividends remitted by Japanese-owned foreign affiliates to their parent firms. This paper examines the effect of dividend exemption on profit repatriations by Japanese multinationals. We find no evidence that the dividend exemption system stimulated dividend repatriations of the typical foreign affiliate that had paid no dividends under the worldwide tax system. However, the responses of Japanese multinationals to dividend exemption were heterogeneous. Foreign affiliates with a large stock of retained earnings increased dividend payments more than other affiliates with the enactment of dividend exemption in 2009, but the increase in dividend payments was not associated with foreign tax rates. |
2:10pm～3:10pm
| Speaker | Xi YANG |
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| Affiliation | School of Economics, Xiamen University |
| Topic | Offshoring under Heterogeneous Pollution |
3:20pm～4:20pm
| Speaker | Naoto JINJI |
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| Affiliation | Graduate School of Economics, Kyoto University |
| Topic | Host Country's Comparative Advantage, Innovation, and the Structure of Foreign Direct Investment |
| Abstract | In the real world, the structure of foreign direct investment (FDI) is much more complex than the simple horizontal and vertical FDI in theoretical studies. We investiaget how the complex structure of FDI is associated with the economic performance of host countries using firm-level data of Japanese multinational enterprises (MNEs). In particular, we focus on the innovative performance and the sectoral comparative advantage of their host countries. The structure of FDI is measured by the shares of local transactions and transactions with the source country and a third country by foreign affiliates of Japanese MNEs. Our findings reveal that the host country's economic performance is associated with certain types of FDI. |
4:30pm～5:30pm
| Speaker | Changying LI |
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| Affiliation | School of Economics, Shandong University |
| Topic | Protecting Viewers through Providing Annoying Advertisements |