Do Taxes Matter for Foreign Direct Investment?
研究了墨西哥外国直接投资对税收的敏感度，发现其受墨西哥和美国税制、跨国公司信用状况、国家信用评级及监管环境影响，对政策制定者评估税收与投资关系有参考价值。
The tax sensitivity of foreign direct investment (FDI) has important policy implications. If FDI is not responsive to taxation, then it may be an appropriate target for taxation by the host country. This question is examined for Mexico by estimating the response of FDI from retained earnings and transfers from abroad to the tax regimes in Mexico and the home country, the credit status of multinationals, country risk factors, and regulatory and trade regimes in Mexico. FDI in Mexico is found to be sensitive to the tax regimes in Mexico and the United States, the credit status of multinationals, country credit ratings, and the regulatory environment. Thus Mexico's current policies to dismantle regulations and employ a tax system competitive with the United States are expected to have salutary effects on FDI in Mexico. Copyright 1991 by Oxford University Press.