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Prof. Daniela Federici

ECTS: 5

Prerequisites: Economics for Business

Contents: The course analyzes the challenges and opportunities firms face in the global economy.

The course has a modular structure and is divided into two parts.

The first part is designed to provide a thorough understanding of the economics of multinational enterprises (MNEs). The module explores the nature, extent and the pattern of foreign direct investment (FDI), the motives for foreign production and the determinants of MNEs activity.
The second part of the course focuses on aspects of international capital taxation, specifically on the effects of corporate taxation on multinational enterprises, tax competition and tax coordination, the debate in Europe on the possible introduction of a common consolidated tax base for multinationals.


Topics to be covered include:

Business across borders; the advantages and the disadvantages of the different modes of firm internationalization, role of the multinational firms.
Taxation of multinationals: the credit and the deduction system; multinationals taxation and firm’s financial structure; tax competition and tax coordination; the debate in Europe on a common consolidated tax base.

Textbooks:

For the first part:

- K. Head, Elements of Multinational strategy, Berlin, Springer, 2008

- R. E. Caves, Multinational Enterprises and Economic Analysis, Cambridge University Press, 2007

- T. Mayer and G. Ottaviano, The Happy Few: The internationalisation of European firms, Bruegel Blueprint 3, Brussels , 2007.

For the second part:

- Clemens Fuest, Bernd Huber, and Jack Mintz, Capital Mobility and Tax Competition. Foundations and Trends in Microeconomics, Vol. 1, No 1 (2005) 1–62.

- Jean Hindriks, Gareth Myles, Intermediate Public Economics, Ch. 18 (par. 18.1, 18.2, 18.3), The MIT Press, 2006.

Further readings will be provided during the course.

Aims: By the end of the course the student will master economic concepts that are useful for the analysis of the internationalization activities of firms and the international taxation.

Teaching and examination methods: Lectures; written and oral exam.

[Ultima modifica: mercoledì 30 novembre 2016]