Conference Agenda
Overview and details of the sessions of this conference.
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Some information on the session logistics:
If not stated otherwise, the discussant is the following speaker, with the first speaker being the discussant of the last paper. The last speaker of each session is the session chair. (Exception: invited sessions)
Presenters should speak for no more than 20 minutes, and discussants should limit their remarks to no more than 5 minutes. The remaining time should be reserved for audience questions and the presenter’s responses. We suggest following these guidelines also in the (less common) 3-paper sessions in a 2-hour slot, to allow participants to move between sessions. Discussants are encouraged to avoid summarizing the paper. By focusing on a few questions and comments, the discussants can help start a broader discussion with the audience.
Only registered participants can attend this conference. Further information available on the congress website https://www.iseg.ulisboa.pt/en/event/iipf/ .
Venue address: ISEG - Lisbon School of Economics & Management, R. Francesinhas 21, 1200-675 Lisboa, Portugal
Please note that all times are shown in the time zone of the conference. The current conference time is: 17th Sept 2026, 11:40:23am WEST
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Daily Overview |
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F07: Corporate Tax Reform and Multinational Investment Location: Room 107 (Francesinhas 1) | |
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Effect of the GILTI Tax Regime on U.S. MNEs’ Global Investments 1: Yale University; 2: Charles University; 3: U.S. Department of the Treasury; 4: University of Missouri We investigate the effect of the Global Intangible Low-Tax Income (GILTI) regime on U.S. multinationals’ (MNEs) global investment activity. Enacted as part of the Tax Cuts and Jobs Act (TCJA) of 2017, the GILTI provision levies a tax on U.S. MNEs’ foreign profits in excess of a 10% deemed return on tangible assets (QBAI). Using U.S. tax administrative microdata, we examine whether U.S. MNEs exposed to GILTI alter the amount and proportion of their tangible and intangible assets or the location (domestic vs. foreign, haven vs. non-haven) of their investments. While prior studies on the effect of GILTI on investment use public financial statement data to identify GILTI-treated MNEs, we find that public proxies poorly identify exposure to GILTI as reflected on the tax return. Therefore, we define the treatment group using U.S. MNEs’ actual exposure to GILTI based on the tax return, exploiting the rapid and unanticipated enactment of the TCJA.
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