KONKURENCJA PODATKOWA JAKO CZYNNIK LOKALIZACYJNY POLSKICH BEZPOŚREDNICH INWESTYCJI ZAGRANICZNYCH
TAX COMPETITION AS A LOCATION FACTOR FOR POLISH OFDI

Summary/Abstract: The aim of the article is to investigate whether, and if so, to what extent tax competition among the UE countries in the field of corporate income taxation is a location factor for foreign direct investments (OFDI). The analysis was conducted on the basis of Polish OFDI directed to EU countries. Data on nominal and implicit tax rates as well as on Polish outward FDI located in the EU Member States was taken from Eurostat, OECD and NBP. The research covered the period 2004–2012. The analysis of statistical data shows a lack of clear links between nominal values and implicit tax rates and changes in the inflow of Polish FDI. Most investors, especially the less experienced in the process of internationalization, do not give priority to the fiscal incentives. On the other hand, there are also examples of experienced investors who exploit international differences in the rates of taxation. However, this applies primarily to the specific fiscal solutions, dedicated to selected groups of companies, so their accurate assessment on the basis of macroeconomic data is not possible.

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