At this year’s Midyear Meeting of the American Taxation Association (ATA), Harald Amberger was honored with the ATA Outstanding Tax Manuscript Award for his study, "Repatriation Taxes, Internal Agency Conflicts, and Subsidiary-Level Investment Efficiency." Co-authored with Kevin Markle (Michigan State University) and David Samuel (Singapore Management University), the study was published in The Accounting Review in 2021. Link: https://doi.org/10.2308/TAR-2019-0259.

This prestigious award is presented annually to a single study that makes a significant contribution to the tax literature. Click here for a list of previous award recipients.

In their research, the authors demonstrate that taxes on the repatriation of foreign profits—such as repatriation taxes under a worldwide tax system or dividend withholding taxes—can reduce the economic efficiency of subsidiary-level investment in foreign jurisdictions. While host countries of foreign subsidiaries benefit from increased investment, these taxes impose efficiency costs on the shareholders of affected firms.

We warmly congratulate Harald Amberger and his co-authors!