id	sid	tid	token	lemma	pos
ftr-384	1	1	florida	florida	PROPN
ftr-384	1	2	tax	tax	NOUN
ftr-384	1	3	review	review	NOUN
ftr-384	1	4	volume	volume	NOUN
ftr-384	1	5	8	8	NUM
ftr-384	1	6	2007	2007	NUM
ftr-384	1	7	number	number	NOUN
ftr-384	1	8	3	3	NUM
ftr-384	1	9	will	will	AUX
ftr-384	1	10	u.s	u.s	PROPN
ftr-384	1	11	.	.	PROPN
ftr-384	1	12	investment	investment	NOUN
ftr-384	1	13	go	go	VERB
ftr-384	1	14	abroad	abroad	ADV
ftr-384	1	15	in	in	ADP
ftr-384	1	16	a	a	DET
ftr-384	1	17	territorial	territorial	ADJ
ftr-384	1	18	tax	tax	NOUN
ftr-384	1	19	:	:	PUNCT
ftr-384	1	20	a	a	DET
ftr-384	1	21	critique	critique	NOUN
ftr-384	1	22	of	of	ADP
ftr-384	1	23	the	the	DET
ftr-384	1	24	president	president	NOUN
ftr-384	1	25	's	's	PART
ftr-384	1	26	advisory	advisory	ADJ
ftr-384	1	27	panel	panel	NOUN
ftr-384	1	28	on	on	ADP
ftr-384	1	29	tax	tax	NOUN
ftr-384	1	30	reform	reform	NOUN
ftr-384	1	31	by	by	ADP
ftr-384	1	32	james	james	PROPN
ftr-384	1	33	r.	r.	PROPN
ftr-384	1	34	repetti	repetti	PROPN
ftr-384	1	35	i.	i.	PROPN
ftr-384	1	36	introductio	introductio	PROPN
ftr-384	1	37	n	n	PROPN
ftr-384	1	38	.....................................................................................	.....................................................................................	PUNCT
ftr-384	1	39	304	304	NUM
ftr-384	1	40	ii	ii	NOUN
ftr-384	1	41	.	.	PUNCT
ftr-384	2	1	the	the	DET
ftr-384	2	2	efficiency	efficiency	NOUN
ftr-384	2	3	effects	effect	NOUN
ftr-384	2	4	of	of	ADP
ftr-384	2	5	a	a	DET
ftr-384	2	6	territorial	territorial	ADJ
ftr-384	2	7	system	system	NOUN
ftr-384	2	8	..................	..................	PUNCT
ftr-384	2	9	306	306	NUM
ftr-384	2	10	a.	a.	NOUN
ftr-384	2	11	analysis	analysis	NOUN
ftr-384	2	12	of	of	ADP
ftr-384	2	13	claimed	claim	VERB
ftr-384	2	14	benefits	benefit	NOUN
ftr-384	2	15	...................................................	...................................................	PUNCT
ftr-384	2	16	306	306	NUM
ftr-384	2	17	b.	b.	NOUN
ftr-384	2	18	the	the	DET
ftr-384	2	19	altshuler	altshuler	NOUN
ftr-384	2	20	-	-	PUNCT
ftr-384	2	21	grubert	grubert	NOUN
ftr-384	2	22	article	article	NOUN
ftr-384	2	23	.................................................	.................................................	PUNCT
ftr-384	3	1	311	311	NUM
ftr-384	3	2	1	1	NUM
ftr-384	3	3	.	.	PUNCT
ftr-384	4	1	the	the	DET
ftr-384	4	2	effective	effective	ADJ
ftr-384	4	3	tax	tax	NOUN
ftr-384	4	4	rate	rate	NOUN
ftr-384	4	5	determinations	determination	NOUN
ftr-384	4	6	......................	......................	PUNCT
ftr-384	4	7	313	313	NUM
ftr-384	4	8	2	2	NUM
ftr-384	4	9	.	.	PUNCT
ftr-384	4	10	analysis	analysis	NOUN
ftr-384	4	11	of	of	ADP
ftr-384	4	12	historic	historic	ADJ
ftr-384	4	13	data	datum	NOUN
ftr-384	4	14	:	:	PUNCT
ftr-384	4	15	foreign	foreign	ADJ
ftr-384	4	16	investment	investment	NOUN
ftr-384	4	17	in	in	ADP
ftr-384	4	18	low	low	ADJ
ftr-384	4	19	-	-	PUNCT
ftr-384	4	20	tax	tax	NOUN
ftr-384	4	21	countries	country	NOUN
ftr-384	4	22	by	by	ADP
ftr-384	4	23	companies	company	NOUN
ftr-384	4	24	subject	subject	ADJ
ftr-384	4	25	to	to	ADP
ftr-384	4	26	a	a	DET
ftr-384	4	27	territorial	territorial	ADJ
ftr-384	4	28	tax	tax	NOUN
ftr-384	4	29	................................................................	................................................................	PUNCT
ftr-384	4	30	318	318	NUM
ftr-384	4	31	3	3	NUM
ftr-384	4	32	.	.	PUNCT
ftr-384	5	1	analysis	analysis	NOUN
ftr-384	5	2	of	of	ADP
ftr-384	5	3	historic	historic	ADJ
ftr-384	5	4	data	datum	NOUN
ftr-384	5	5	:	:	PUNCT
ftr-384	5	6	foreign	foreign	ADJ
ftr-384	5	7	investment	investment	NOUN
ftr-384	5	8	in	in	ADP
ftr-384	5	9	low	low	ADJ
ftr-384	5	10	-	-	PUNCT
ftr-384	5	11	tax	tax	NOUN
ftr-384	5	12	countries	country	NOUN
ftr-384	5	13	by	by	ADP
ftr-384	5	14	u.s	u.s	PROPN
ftr-384	5	15	.	.	PROPN
ftr-384	5	16	companies	company	NOUN
ftr-384	5	17	with	with	ADP
ftr-384	5	18	excess	excess	ADJ
ftr-384	5	19	credits	credit	NOUN
ftr-384	5	20	................................................................	................................................................	PUNCT
ftr-384	5	21	320	320	NUM
ftr-384	5	22	c.	c.	NOUN
ftr-384	5	23	does	do	VERB
ftr-384	5	24	foreign	foreign	ADJ
ftr-384	5	25	investment	investment	NOUN
ftr-384	5	26	complement	complement	VERB
ftr-384	5	27	u.s	u.s	PROPN
ftr-384	5	28	.	.	PROPN
ftr-384	5	29	investment	investment	NOUN
ftr-384	5	30	?	?	PUNCT
ftr-384	6	1	.......	.......	PUNCT
ftr-384	7	1	322	322	NUM
ftr-384	7	2	iii	iii	NOUN
ftr-384	7	3	.	.	PUNCT
ftr-384	8	1	c	c	NOUN
ftr-384	9	1	o	o	PRON
ftr-384	9	2	nclusion	nclusion	NOUN
ftr-384	9	3	.....................................................................................	.....................................................................................	PUNCT
ftr-384	9	4	324	324	NUM
ftr-384	9	5	florida	florida	PROPN
ftr-384	9	6	tax	tax	NOUN
ftr-384	9	7	review	review	NOUN
ftr-384	9	8	will	will	AUX
ftr-384	9	9	u.s	u.s	PROPN
ftr-384	9	10	.	.	PROPN
ftr-384	9	11	investment	investment	NOUN
ftr-384	9	12	go	go	VERB
ftr-384	9	13	abroad	abroad	ADV
ftr-384	9	14	in	in	ADP
ftr-384	9	15	a	a	DET
ftr-384	9	16	territorial	territorial	ADJ
ftr-384	9	17	tax	tax	NOUN
ftr-384	9	18	:	:	PUNCT
ftr-384	9	19	a	a	DET
ftr-384	9	20	critique	critique	NOUN
ftr-384	9	21	of	of	ADP
ftr-384	9	22	the	the	DET
ftr-384	9	23	president	president	NOUN
ftr-384	9	24	's	's	PART
ftr-384	9	25	advisory	advisory	ADJ
ftr-384	9	26	panel	panel	NOUN
ftr-384	9	27	on	on	ADP
ftr-384	9	28	tax	tax	NOUN
ftr-384	9	29	reform	reform	NOUN
ftr-384	9	30	by	by	ADP
ftr-384	9	31	james	james	PROPN
ftr-384	9	32	r.	r.	PROPN
ftr-384	9	33	repetti	repetti	PROPN
ftr-384	9	34	"	"	PUNCT
ftr-384	9	35	i.	i.	PROPN
ftr-384	9	36	introduction	introduction	NOUN
ftr-384	9	37	the	the	DET
ftr-384	9	38	report	report	NOUN
ftr-384	9	39	of	of	ADP
ftr-384	9	40	the	the	DET
ftr-384	9	41	president	president	NOUN
ftr-384	9	42	's	's	PART
ftr-384	9	43	advisory	advisory	ADJ
ftr-384	9	44	panel	panel	NOUN
ftr-384	9	45	on	on	ADP
ftr-384	9	46	federal	federal	ADJ
ftr-384	9	47	tax	tax	NOUN
ftr-384	9	48	reform	reform	NOUN
ftr-384	9	49	'	'	PUNCT
ftr-384	9	50	(	(	PUNCT
ftr-384	9	51	the	the	DET
ftr-384	9	52	"	"	PUNCT
ftr-384	9	53	report	report	NOUN
ftr-384	9	54	"	"	PUNCT
ftr-384	9	55	)	)	PUNCT
ftr-384	9	56	recommends	recommend	VERB
ftr-384	9	57	the	the	DET
ftr-384	9	58	u.s	u.s	PROPN
ftr-384	9	59	.	.	PROPN
ftr-384	9	60	adopt	adopt	VERB
ftr-384	9	61	a	a	DET
ftr-384	9	62	territorial	territorial	ADJ
ftr-384	9	63	tax	tax	NOUN
ftr-384	9	64	system	system	NOUN
ftr-384	9	65	that	that	PRON
ftr-384	9	66	would	would	AUX
ftr-384	9	67	exclude	exclude	VERB
ftr-384	9	68	income	income	NOUN
ftr-384	9	69	earned	earn	VERB
ftr-384	9	70	by	by	ADP
ftr-384	9	71	u.s	u.s	PROPN
ftr-384	9	72	.	.	PROPN
ftr-384	9	73	taxpayers	taxpayer	NOUN
ftr-384	9	74	actively	actively	ADV
ftr-384	9	75	conducting	conduct	VERB
ftr-384	9	76	foreign	foreign	ADJ
ftr-384	9	77	businesses	business	NOUN
ftr-384	9	78	.	.	PUNCT
ftr-384	10	1	this	this	DET
ftr-384	10	2	exclusion	exclusion	NOUN
ftr-384	10	3	would	would	AUX
ftr-384	10	4	also	also	ADV
ftr-384	10	5	apply	apply	VERB
ftr-384	10	6	to	to	ADP
ftr-384	10	7	dividends	dividend	NOUN
ftr-384	10	8	received	receive	VERB
ftr-384	10	9	from	from	ADP
ftr-384	10	10	controlled	control	VERB
ftr-384	10	11	foreign	foreign	ADJ
ftr-384	10	12	corporations	corporation	NOUN
ftr-384	10	13	to	to	ADP
ftr-384	10	14	the	the	DET
ftr-384	10	15	extent	extent	NOUN
ftr-384	10	16	such	such	ADJ
ftr-384	10	17	dividends	dividend	NOUN
ftr-384	10	18	were	be	AUX
ftr-384	10	19	attributable	attributable	ADJ
ftr-384	10	20	to	to	ADP
ftr-384	10	21	the	the	DET
ftr-384	10	22	corporation	corporation	NOUN
ftr-384	10	23	's	's	PART
ftr-384	10	24	conduct	conduct	NOUN
ftr-384	10	25	of	of	ADP
ftr-384	10	26	active	active	ADJ
ftr-384	10	27	foreign	foreign	ADJ
ftr-384	10	28	businesses.2	businesses.2	PROPN
ftr-384	10	29	the	the	DET
ftr-384	10	30	report	report	NOUN
ftr-384	10	31	justifies	justify	VERB
ftr-384	10	32	this	this	DET
ftr-384	10	33	recommendation	recommendation	NOUN
ftr-384	10	34	by	by	ADP
ftr-384	10	35	stating	state	VERB
ftr-384	10	36	that	that	SCONJ
ftr-384	10	37	a	a	DET
ftr-384	10	38	territorial	territorial	ADJ
ftr-384	10	39	system	system	NOUN
ftr-384	10	40	is	be	AUX
ftr-384	10	41	simpler	simple	ADJ
ftr-384	10	42	than	than	ADP
ftr-384	10	43	the	the	DET
ftr-384	10	44	current	current	ADJ
ftr-384	10	45	global	global	ADJ
ftr-384	10	46	approach	approach	NOUN
ftr-384	10	47	employed	employ	VERB
ftr-384	10	48	by	by	ADP
ftr-384	10	49	the	the	DET
ftr-384	10	50	u.s	u.s	PROPN
ftr-384	10	51	.	.	PROPN
ftr-384	10	52	and	and	CCONJ
ftr-384	10	53	that	that	SCONJ
ftr-384	10	54	a	a	DET
ftr-384	10	55	territorial	territorial	ADJ
ftr-384	10	56	tax	tax	NOUN
ftr-384	10	57	will	will	AUX
ftr-384	10	58	improve	improve	VERB
ftr-384	10	59	efficiency	efficiency	NOUN
ftr-384	10	60	.	.	PUNCT
ftr-384	11	1	in	in	ADP
ftr-384	11	2	an	an	DET
ftr-384	11	3	accompanying	accompanying	ADJ
ftr-384	11	4	article	article	NOUN
ftr-384	11	5	,	,	PUNCT
ftr-384	11	6	professor	professor	PROPN
ftr-384	11	7	mcdaniel	mcdaniel	PROPN
ftr-384	11	8	has	have	AUX
ftr-384	11	9	demonstrated	demonstrate	VERB
ftr-384	11	10	that	that	SCONJ
ftr-384	11	11	simplicity	simplicity	NOUN
ftr-384	11	12	can	can	AUX
ftr-384	11	13	not	not	PART
ftr-384	11	14	be	be	AUX
ftr-384	11	15	achieved	achieve	VERB
ftr-384	11	16	under	under	ADP
ftr-384	11	17	a	a	DET
ftr-384	11	18	territorial	territorial	ADJ
ftr-384	11	19	or	or	CCONJ
ftr-384	11	20	global	global	ADJ
ftr-384	11	21	system	system	NOUN
ftr-384	11	22	.	.	PUNCT
ftr-384	12	1	under	under	ADP
ftr-384	12	2	either	either	DET
ftr-384	12	3	system	system	NOUN
ftr-384	12	4	,	,	PUNCT
ftr-384	12	5	the	the	DET
ftr-384	12	6	u.s	u.s	PROPN
ftr-384	12	7	.	.	PROPN
ftr-384	12	8	will	will	AUX
ftr-384	12	9	have	have	VERB
ftr-384	12	10	to	to	PART
ftr-384	12	11	address	address	VERB
ftr-384	12	12	source	source	NOUN
ftr-384	12	13	issues	issue	NOUN
ftr-384	12	14	,	,	PUNCT
ftr-384	12	15	transfer	transfer	NOUN
ftr-384	12	16	pricing	pricing	NOUN
ftr-384	12	17	issues	issue	NOUN
ftr-384	12	18	and	and	CCONJ
ftr-384	12	19	irc	irc	PROPN
ftr-384	12	20	section	section	NOUN
ftr-384	12	21	367	367	NUM
ftr-384	12	22	concerns	concern	NOUN
ftr-384	12	23	.	.	PUNCT
ftr-384	13	1	this	this	DET
ftr-384	13	2	article	article	NOUN
ftr-384	13	3	focuses	focus	VERB
ftr-384	13	4	on	on	ADP
ftr-384	13	5	the	the	DET
ftr-384	13	6	report	report	NOUN
ftr-384	13	7	's	's	PART
ftr-384	13	8	efficiency	efficiency	NOUN
ftr-384	13	9	arguments	argument	NOUN
ftr-384	13	10	for	for	ADP
ftr-384	13	11	a	a	DET
ftr-384	13	12	territorial	territorial	ADJ
ftr-384	13	13	tax	tax	NOUN
ftr-384	13	14	.	.	PUNCT
ftr-384	14	1	the	the	DET
ftr-384	14	2	report	report	NOUN
ftr-384	14	3	asserts	assert	VERB
ftr-384	14	4	that	that	SCONJ
ftr-384	14	5	a	a	DET
ftr-384	14	6	territorial	territorial	ADJ
ftr-384	14	7	tax	tax	NOUN
ftr-384	14	8	will	will	AUX
ftr-384	14	9	permit	permit	VERB
ftr-384	14	10	u.s	u.s	PROPN
ftr-384	14	11	.	.	PROPN
ftr-384	14	12	multinationals	multinational	NOUN
ftr-384	14	13	to	to	PART
ftr-384	14	14	compete	compete	VERB
ftr-384	14	15	more	more	ADV
ftr-384	14	16	effectively	effectively	ADV
ftr-384	14	17	in	in	ADP
ftr-384	14	18	low	low	ADJ
ftr-384	14	19	-	-	PUNCT
ftr-384	14	20	tax	tax	NOUN
ftr-384	14	21	jurisdictions	jurisdiction	NOUN
ftr-384	14	22	and	and	CCONJ
ftr-384	14	23	will	will	AUX
ftr-384	14	24	eliminate	eliminate	VERB
ftr-384	14	25	the	the	DET
ftr-384	14	26	tax	tax	NOUN
ftr-384	14	27	bias	bias	NOUN
ftr-384	14	28	against	against	ADP
ftr-384	14	29	repatriating	repatriate	VERB
ftr-384	14	30	earnings.3	earnings.3	NOUN
ftr-384	14	31	the	the	DET
ftr-384	14	32	report	report	NOUN
ftr-384	14	33	anticipates	anticipate	VERB
ftr-384	14	34	that	that	SCONJ
ftr-384	14	35	its	its	PRON
ftr-384	14	36	proposal	proposal	NOUN
ftr-384	14	37	might	might	AUX
ftr-384	14	38	generate	generate	VERB
ftr-384	14	39	concern	concern	NOUN
ftr-384	14	40	about	about	ADP
ftr-384	14	41	a	a	DET
ftr-384	14	42	potentially	potentially	ADV
ftr-384	14	43	significant	significant	ADJ
ftr-384	14	44	efficiency	efficiency	NOUN
ftr-384	14	45	problem	problem	NOUN
ftr-384	14	46	whether	whether	SCONJ
ftr-384	14	47	a	a	DET
ftr-384	14	48	territorial	territorial	ADJ
ftr-384	14	49	system	system	NOUN
ftr-384	14	50	would	would	AUX
ftr-384	14	51	cause	cause	VERB
ftr-384	14	52	u.s	u.s	PROPN
ftr-384	14	53	.	.	PROPN
ftr-384	14	54	businesses	business	NOUN
ftr-384	14	55	to	to	PART
ftr-384	14	56	allocate	allocate	VERB
ftr-384	14	57	more	more	ADJ
ftr-384	14	58	jobs	job	NOUN
ftr-384	14	59	and	and	CCONJ
ftr-384	14	60	assets	asset	NOUN
ftr-384	14	61	overseas	overseas	ADV
ftr-384	14	62	to	to	ADP
ftr-384	14	63	low	low	ADJ
ftr-384	14	64	-	-	PUNCT
ftr-384	14	65	tax	tax	NOUN
ftr-384	14	66	countries	country	NOUN
ftr-384	14	67	.	.	PUNCT
ftr-384	15	1	it	it	PRON
ftr-384	15	2	says	say	VERB
ftr-384	15	3	:	:	PUNCT
ftr-384	15	4	at	at	ADP
ftr-384	15	5	first	first	ADJ
ftr-384	15	6	glance	glance	NOUN
ftr-384	15	7	,	,	PUNCT
ftr-384	15	8	one	one	PRON
ftr-384	15	9	might	might	AUX
ftr-384	15	10	assume	assume	VERB
ftr-384	15	11	that	that	SCONJ
ftr-384	15	12	exempting	exempt	VERB
ftr-384	15	13	active	active	ADJ
ftr-384	15	14	foreign	foreign	ADJ
ftr-384	15	15	source	source	NOUN
ftr-384	15	16	income	income	NOUN
ftr-384	15	17	from	from	ADP
ftr-384	15	18	u.s	u.s	PROPN
ftr-384	15	19	.	.	PROPN
ftr-384	15	20	taxation	taxation	NOUN
ftr-384	15	21	would	would	AUX
ftr-384	15	22	lead	lead	VERB
ftr-384	15	23	to	to	ADP
ftr-384	15	24	a	a	DET
ftr-384	15	25	substantial	substantial	ADJ
ftr-384	15	26	reallocation	reallocation	NOUN
ftr-384	15	27	of	of	ADP
ftr-384	15	28	u.s	u.s	PROPN
ftr-384	15	29	.	.	PROPN
ftr-384	15	30	investment	investment	NOUN
ftr-384	15	31	and	and	CCONJ
ftr-384	15	32	jobs	job	NOUN
ftr-384	15	33	world	world	NOUN
ftr-384	15	34	wide	wide	ADV
ftr-384	15	35	.	.	PUNCT
ftr-384	16	1	a	a	DET
ftr-384	16	2	careful	careful	ADJ
ftr-384	16	3	*	*	PUNCT
ftr-384	16	4	professor	professor	NOUN
ftr-384	16	5	of	of	ADP
ftr-384	16	6	law	law	NOUN
ftr-384	16	7	and	and	CCONJ
ftr-384	16	8	thomas	thomas	PROPN
ftr-384	16	9	carney	carney	PROPN
ftr-384	16	10	scholar	scholar	PROPN
ftr-384	16	11	,	,	PUNCT
ftr-384	16	12	boston	boston	PROPN
ftr-384	16	13	college	college	PROPN
ftr-384	16	14	law	law	PROPN
ftr-384	16	15	school	school	NOUN
ftr-384	16	16	.	.	PUNCT
ftr-384	17	1	this	this	DET
ftr-384	17	2	article	article	NOUN
ftr-384	17	3	was	be	AUX
ftr-384	17	4	presented	present	VERB
ftr-384	17	5	at	at	ADP
ftr-384	17	6	the	the	DET
ftr-384	17	7	2006	2006	NUM
ftr-384	17	8	annual	annual	ADJ
ftr-384	17	9	symposium	symposium	NOUN
ftr-384	17	10	on	on	ADP
ftr-384	17	11	international	international	ADJ
ftr-384	17	12	taxation	taxation	NOUN
ftr-384	17	13	at	at	ADP
ftr-384	17	14	the	the	DET
ftr-384	17	15	university	university	PROPN
ftr-384	17	16	of	of	ADP
ftr-384	17	17	florida	florida	PROPN
ftr-384	17	18	levin	levin	PROPN
ftr-384	17	19	college	college	PROPN
ftr-384	17	20	of	of	ADP
ftr-384	17	21	law	law	PROPN
ftr-384	17	22	graduate	graduate	NOUN
ftr-384	17	23	tax	tax	NOUN
ftr-384	17	24	program	program	NOUN
ftr-384	17	25	.	.	PUNCT
ftr-384	18	1	the	the	DET
ftr-384	18	2	author	author	NOUN
ftr-384	18	3	thanks	thank	NOUN
ftr-384	18	4	yariv	yariv	PROPN
ftr-384	18	5	brauner	brauner	NOUN
ftr-384	18	6	,	,	PUNCT
ftr-384	18	7	mark	mark	PROPN
ftr-384	18	8	brodin	brodin	PROPN
ftr-384	18	9	,	,	PUNCT
ftr-384	18	10	j.	j.	PROPN
ftr-384	18	11	clifton	clifton	PROPN
ftr-384	18	12	fleming	fleming	PROPN
ftr-384	18	13	,	,	PUNCT
ftr-384	18	14	jr	jr	PROPN
ftr-384	18	15	.	.	PROPN
ftr-384	18	16	,	,	PUNCT
ftr-384	18	17	marjorie	marjorie	PROPN
ftr-384	18	18	komhauser	komhauser	PROPN
ftr-384	18	19	,	,	PUNCT
ftr-384	18	20	paul	paul	PROPN
ftr-384	18	21	mcdaniel	mcdaniel	PROPN
ftr-384	18	22	,	,	PUNCT
ftr-384	18	23	martin	martin	PROPN
ftr-384	18	24	mcmahon	mcmahon	PROPN
ftr-384	18	25	and	and	CCONJ
ftr-384	18	26	diane	diane	NOUN
ftr-384	18	27	ring	ring	NOUN
ftr-384	18	28	for	for	ADP
ftr-384	18	29	helpful	helpful	ADJ
ftr-384	18	30	comments	comment	NOUN
ftr-384	18	31	to	to	ADP
ftr-384	18	32	earlier	early	ADJ
ftr-384	18	33	drafts	draft	NOUN
ftr-384	18	34	.	.	PUNCT
ftr-384	19	1	he	he	PRON
ftr-384	19	2	also	also	ADV
ftr-384	19	3	thanks	thank	NOUN
ftr-384	19	4	joshua	joshua	PROPN
ftr-384	19	5	gutierrez	gutierrez	PROPN
ftr-384	19	6	and	and	CCONJ
ftr-384	19	7	kevin	kevin	PROPN
ftr-384	19	8	walker	walker	PROPN
ftr-384	19	9	for	for	ADP
ftr-384	19	10	research	research	NOUN
ftr-384	19	11	assistance	assistance	NOUN
ftr-384	19	12	and	and	CCONJ
ftr-384	19	13	cassandra	cassandra	PROPN
ftr-384	19	14	desmond	desmond	PROPN
ftr-384	19	15	for	for	ADP
ftr-384	19	16	help	help	NOUN
ftr-384	19	17	in	in	ADP
ftr-384	19	18	preparing	prepare	VERB
ftr-384	19	19	this	this	DET
ftr-384	19	20	manuscript	manuscript	NOUN
ftr-384	19	21	.	.	PUNCT
ftr-384	20	1	1	1	X
ftr-384	20	2	.	.	X
ftr-384	20	3	report	report	NOUN
ftr-384	20	4	of	of	ADP
ftr-384	20	5	the	the	DET
ftr-384	20	6	president	president	NOUN
ftr-384	20	7	's	's	PART
ftr-384	20	8	advisory	advisory	ADJ
ftr-384	20	9	panel	panel	NOUN
ftr-384	20	10	on	on	ADP
ftr-384	20	11	federal	federal	ADJ
ftr-384	20	12	tax	tax	NOUN
ftr-384	20	13	reform	reform	NOUN
ftr-384	20	14	,	,	PUNCT
ftr-384	20	15	simple	simple	ADJ
ftr-384	20	16	fair	fair	ADJ
ftr-384	20	17	and	and	CCONJ
ftr-384	20	18	pro	pro	ADJ
ftr-384	20	19	-	-	ADJ
ftr-384	20	20	growth	growth	ADJ
ftr-384	20	21	:	:	PUNCT
ftr-384	20	22	proposals	proposal	NOUN
ftr-384	20	23	to	to	PART
ftr-384	20	24	fix	fix	VERB
ftr-384	20	25	america	america	PROPN
ftr-384	20	26	's	's	PART
ftr-384	20	27	tax	tax	NOUN
ftr-384	20	28	system	system	NOUN
ftr-384	20	29	134	134	NUM
ftr-384	20	30	(	(	PUNCT
ftr-384	20	31	nov	nov	PROPN
ftr-384	20	32	.	.	PROPN
ftr-384	20	33	2005	2005	NUM
ftr-384	20	34	)	)	PUNCT
ftr-384	20	35	(	(	PUNCT
ftr-384	20	36	hereinafter	hereinafter	NOUN
ftr-384	20	37	"	"	PUNCT
ftr-384	20	38	report	report	NOUN
ftr-384	20	39	"	"	PUNCT
ftr-384	20	40	)	)	PUNCT
ftr-384	20	41	.	.	PUNCT
ftr-384	21	1	2	2	X
ftr-384	21	2	.	.	X
ftr-384	22	1	i	i	PRON
ftr-384	22	2	d.	d.	PROPN
ftr-384	22	3	3	3	X
ftr-384	22	4	.	.	PUNCT
ftr-384	23	1	i	i	PRON
ftr-384	23	2	d.	d.	PROPN
ftr-384	24	1	[	[	X
ftr-384	24	2	vol	vol	NOUN
ftr-384	24	3	8:3	8:3	NUM
ftr-384	24	4	will	will	AUX
ftr-384	24	5	u.s	u.s	PROPN
ftr-384	24	6	.	.	PROPN
ftr-384	24	7	investment	investment	NOUN
ftr-384	24	8	go	go	VERB
ftr-384	24	9	abroad	abroad	ADV
ftr-384	24	10	in	in	ADP
ftr-384	24	11	a	a	DET
ftr-384	24	12	territorial	territorial	ADJ
ftr-384	24	13	tax	tax	NOUN
ftr-384	24	14	study	study	NOUN
ftr-384	24	15	of	of	ADP
ftr-384	24	16	how	how	SCONJ
ftr-384	24	17	location	location	NOUN
ftr-384	24	18	incentives	incentive	VERB
ftr-384	24	19	for	for	ADP
ftr-384	24	20	u.s	u.s	PROPN
ftr-384	24	21	.	.	PROPN
ftr-384	24	22	multinational	multinational	ADJ
ftr-384	24	23	corporations	corporation	NOUN
ftr-384	24	24	may	may	AUX
ftr-384	24	25	change	change	VERB
ftr-384	24	26	under	under	ADP
ftr-384	24	27	a	a	DET
ftr-384	24	28	territorial	territorial	ADJ
ftr-384	24	29	system	system	NOUN
ftr-384	24	30	similar	similar	ADJ
ftr-384	24	31	to	to	ADP
ftr-384	24	32	the	the	DET
ftr-384	24	33	one	one	NOUN
ftr-384	24	34	proposed	propose	VERB
ftr-384	24	35	for	for	ADP
ftr-384	24	36	the	the	DET
ftr-384	24	37	simplified	simplified	ADJ
ftr-384	24	38	income	income	NOUN
ftr-384	24	39	tax	tax	NOUN
ftr-384	24	40	plan	plan	NOUN
ftr-384	24	41	provides	provide	VERB
ftr-384	24	42	different	different	ADJ
ftr-384	24	43	results	result	NOUN
ftr-384	24	44	.	.	PUNCT
ftr-384	25	1	researchers	researcher	NOUN
ftr-384	25	2	found	find	VERB
ftr-384	25	3	no	no	DET
ftr-384	25	4	definitive	definitive	ADJ
ftr-384	25	5	evidence	evidence	NOUN
ftr-384	25	6	that	that	SCONJ
ftr-384	25	7	location	location	NOUN
ftr-384	25	8	incentives	incentive	NOUN
ftr-384	25	9	would	would	AUX
ftr-384	25	10	be	be	AUX
ftr-384	25	11	significantly	significantly	ADV
ftr-384	25	12	changed	change	VERB
ftr-384	25	13	,	,	PUNCT
ftr-384	25	14	which	which	PRON
ftr-384	25	15	suggests	suggest	VERB
ftr-384	25	16	that	that	SCONJ
ftr-384	25	17	the	the	DET
ftr-384	25	18	territorial	territorial	ADJ
ftr-384	25	19	system	system	NOUN
ftr-384	25	20	the	the	DET
ftr-384	25	21	panel	panel	NOUN
ftr-384	25	22	has	have	AUX
ftr-384	25	23	proposed	propose	VERB
ftr-384	25	24	would	would	AUX
ftr-384	25	25	not	not	PART
ftr-384	25	26	drive	drive	VERB
ftr-384	25	27	u.s	u.s	PROPN
ftr-384	25	28	.	.	PROPN
ftr-384	25	29	jobs	job	NOUN
ftr-384	25	30	and	and	CCONJ
ftr-384	25	31	capital	capital	NOUN
ftr-384	25	32	abroad	abroad	ADV
ftr-384	25	33	relative	relative	ADJ
ftr-384	25	34	to	to	ADP
ftr-384	25	35	the	the	DET
ftr-384	25	36	current	current	ADJ
ftr-384	25	37	system	system	NOUN
ftr-384	25	38	.	.	PUNCT
ftr-384	26	1	4	4	NUM
ftr-384	26	2	the	the	DET
ftr-384	26	3	study	study	NOUN
ftr-384	26	4	referred	refer	VERB
ftr-384	26	5	to	to	ADP
ftr-384	26	6	by	by	ADP
ftr-384	26	7	the	the	DET
ftr-384	26	8	report	report	NOUN
ftr-384	26	9	to	to	PART
ftr-384	26	10	support	support	VERB
ftr-384	26	11	its	its	PRON
ftr-384	26	12	conclusion	conclusion	NOUN
ftr-384	26	13	is	be	AUX
ftr-384	26	14	where	where	SCONJ
ftr-384	26	15	will	will	AUX
ftr-384	26	16	they	they	PRON
ftr-384	26	17	go	go	VERB
ftr-384	26	18	if	if	SCONJ
ftr-384	26	19	we	we	PRON
ftr-384	26	20	go	go	VERB
ftr-384	26	21	territorial	territorial	ADJ
ftr-384	26	22	?	?	PUNCT
ftr-384	27	1	dividend	dividend	NOUN
ftr-384	27	2	exemption	exemption	NOUN
ftr-384	27	3	and	and	CCONJ
ftr-384	27	4	the	the	DET
ftr-384	27	5	location	location	NOUN
ftr-384	27	6	decisions	decision	NOUN
ftr-384	27	7	of	of	ADP
ftr-384	27	8	u.s	u.s	PROPN
ftr-384	27	9	.	.	PROPN
ftr-384	27	10	multinational	multinational	ADJ
ftr-384	27	11	corporations	corporation	NOUN
ftr-384	27	12	,	,	PUNCT
ftr-384	27	13	by	by	ADP
ftr-384	27	14	rosanne	rosanne	PROPN
ftr-384	27	15	altshuler	altshuler	PROPN
ftr-384	27	16	and	and	CCONJ
ftr-384	27	17	harry	harry	PROPN
ftr-384	27	18	grubert.5	grubert.5	PROPN
ftr-384	27	19	in	in	ADP
ftr-384	27	20	their	their	PRON
ftr-384	27	21	careful	careful	ADJ
ftr-384	27	22	study	study	NOUN
ftr-384	27	23	,	,	PUNCT
ftr-384	27	24	altshuler	altshuler	NOUN
ftr-384	27	25	and	and	CCONJ
ftr-384	27	26	grubert	grubert	NOUN
ftr-384	27	27	say	say	VERB
ftr-384	27	28	that	that	SCONJ
ftr-384	27	29	they	they	PRON
ftr-384	27	30	can	can	AUX
ftr-384	27	31	not	not	PART
ftr-384	27	32	"	"	PUNCT
ftr-384	27	33	make	make	VERB
ftr-384	27	34	any	any	DET
ftr-384	27	35	firm	firm	ADJ
ftr-384	27	36	prediction	prediction	NOUN
ftr-384	27	37	of	of	ADP
ftr-384	27	38	how	how	SCONJ
ftr-384	27	39	location	location	NOUN
ftr-384	27	40	behavior	behavior	NOUN
ftr-384	27	41	would	would	AUX
ftr-384	27	42	change	change	VERB
ftr-384	27	43	if	if	SCONJ
ftr-384	27	44	the	the	DET
ftr-384	27	45	u.s	u.s	PROPN
ftr-384	27	46	.	.	PROPN
ftr-384	27	47	were	be	AUX
ftr-384	27	48	to	to	PART
ftr-384	27	49	adopt	adopt	VERB
ftr-384	27	50	a	a	DET
ftr-384	27	51	dividend	dividend	NOUN
ftr-384	27	52	exemption	exemption	NOUN
ftr-384	27	53	system	system	NOUN
ftr-384	27	54	.	.	PUNCT
ftr-384	28	1	"6	"6	NOUN
ftr-384	28	2	they	they	PRON
ftr-384	28	3	further	far	ADV
ftr-384	28	4	note	note	VERB
ftr-384	28	5	that	that	SCONJ
ftr-384	28	6	"	"	PUNCT
ftr-384	28	7	the	the	DET
ftr-384	28	8	analysis	analysis	NOUN
ftr-384	28	9	provides	provide	VERB
ftr-384	28	10	no	no	DET
ftr-384	28	11	consistent	consistent	ADJ
ftr-384	28	12	or	or	CCONJ
ftr-384	28	13	definitive	definitive	ADJ
ftr-384	28	14	evidence	evidence	NOUN
ftr-384	28	15	that	that	PRON
ftr-384	28	16	dividend	dividend	NOUN
ftr-384	28	17	exemption	exemption	NOUN
ftr-384	28	18	would	would	AUX
ftr-384	28	19	induce	induce	VERB
ftr-384	28	20	a	a	DET
ftr-384	28	21	large	large	ADJ
ftr-384	28	22	outflow	outflow	NOUN
ftr-384	28	23	of	of	ADP
ftr-384	28	24	investment	investment	NOUN
ftr-384	28	25	to	to	ADP
ftr-384	28	26	low	low	ADJ
ftr-384	28	27	-	-	PUNCT
ftr-384	28	28	tax	tax	NOUN
ftr-384	28	29	locations	location	NOUN
ftr-384	28	30	.	.	PUNCT
ftr-384	29	1	"7	"7	NOUN
ftr-384	29	2	the	the	DET
ftr-384	29	3	report	report	NOUN
ftr-384	29	4	relies	rely	VERB
ftr-384	29	5	heavily	heavily	ADV
ftr-384	29	6	on	on	ADP
ftr-384	29	7	the	the	DET
ftr-384	29	8	altshuler	altshuler	NOUN
ftr-384	29	9	-	-	PUNCT
ftr-384	29	10	grubert	grubert	NOUN
ftr-384	29	11	article	article	NOUN
ftr-384	29	12	to	to	PART
ftr-384	29	13	bolster	bolster	VERB
ftr-384	29	14	its	its	PRON
ftr-384	29	15	assertion	assertion	NOUN
ftr-384	29	16	that	that	SCONJ
ftr-384	29	17	the	the	DET
ftr-384	29	18	territorial	territorial	ADJ
ftr-384	29	19	system	system	NOUN
ftr-384	29	20	would	would	AUX
ftr-384	29	21	not	not	PART
ftr-384	29	22	adversely	adversely	ADV
ftr-384	29	23	affect	affect	VERB
ftr-384	29	24	u.s	u.s	PROPN
ftr-384	29	25	.	.	PROPN
ftr-384	29	26	production	production	NOUN
ftr-384	29	27	.	.	PUNCT
ftr-384	30	1	note	note	NOUN
ftr-384	30	2	,	,	PUNCT
ftr-384	30	3	however	however	ADV
ftr-384	30	4	,	,	PUNCT
ftr-384	30	5	that	that	SCONJ
ftr-384	30	6	the	the	DET
ftr-384	30	7	altshuler	altshuler	NOUN
ftr-384	30	8	-	-	PUNCT
ftr-384	30	9	grubert	grubert	NOUN
ftr-384	30	10	article	article	NOUN
ftr-384	30	11	does	do	AUX
ftr-384	30	12	not	not	PART
ftr-384	30	13	conclude	conclude	VERB
ftr-384	30	14	that	that	SCONJ
ftr-384	30	15	a	a	DET
ftr-384	30	16	territorial	territorial	ADJ
ftr-384	30	17	system	system	NOUN
ftr-384	30	18	would	would	AUX
ftr-384	30	19	have	have	VERB
ftr-384	30	20	no	no	DET
ftr-384	30	21	effect	effect	NOUN
ftr-384	30	22	on	on	ADP
ftr-384	30	23	the	the	DET
ftr-384	30	24	investment	investment	NOUN
ftr-384	30	25	of	of	ADP
ftr-384	30	26	u.s	u.s	PROPN
ftr-384	30	27	.	.	PROPN
ftr-384	30	28	capital	capital	NOUN
ftr-384	30	29	.	.	PUNCT
ftr-384	31	1	the	the	DET
ftr-384	31	2	report	report	NOUN
ftr-384	31	3	correctly	correctly	ADV
ftr-384	31	4	states	state	VERB
ftr-384	31	5	that	that	SCONJ
ftr-384	31	6	the	the	DET
ftr-384	31	7	altshuler	altshuler	NOUN
ftr-384	31	8	-	-	PUNCT
ftr-384	31	9	grubert	grubert	NOUN
ftr-384	31	10	article	article	NOUN
ftr-384	31	11	found	find	VERB
ftr-384	31	12	no	no	DET
ftr-384	31	13	evidence	evidence	NOUN
ftr-384	31	14	that	that	SCONJ
ftr-384	31	15	a	a	DET
ftr-384	31	16	territorial	territorial	ADJ
ftr-384	31	17	system	system	NOUN
ftr-384	31	18	"	"	PUNCT
ftr-384	31	19	would	would	AUX
ftr-384	31	20	induce	induce	VERB
ftr-384	31	21	a	a	DET
ftr-384	31	22	large	large	ADJ
ftr-384	31	23	outflow	outflow	NOUN
ftr-384	31	24	....	....	PUNCT
ftr-384	31	25	.	.	PUNCT
ftr-384	31	26	"	"	PUNCT
ftr-384	32	1	the	the	DET
ftr-384	32	2	report	report	NOUN
ftr-384	32	3	incorrectly	incorrectly	ADV
ftr-384	32	4	uses	use	VERB
ftr-384	32	5	this	this	DET
ftr-384	32	6	lack	lack	NOUN
ftr-384	32	7	of	of	ADP
ftr-384	32	8	evidence	evidence	NOUN
ftr-384	32	9	to	to	PART
ftr-384	32	10	leap	leap	VERB
ftr-384	32	11	to	to	ADP
ftr-384	32	12	the	the	DET
ftr-384	32	13	inference	inference	NOUN
ftr-384	32	14	that	that	SCONJ
ftr-384	32	15	"	"	PUNCT
ftr-384	32	16	the	the	DET
ftr-384	32	17	territorial	territorial	ADJ
ftr-384	32	18	system	system	NOUN
ftr-384	32	19	the	the	DET
ftr-384	32	20	panel	panel	NOUN
ftr-384	32	21	has	have	AUX
ftr-384	32	22	proposed	propose	VERB
ftr-384	32	23	would	would	AUX
ftr-384	32	24	not	not	PART
ftr-384	32	25	drive	drive	VERB
ftr-384	32	26	u.s	u.s	PROPN
ftr-384	32	27	.	.	PROPN
ftr-384	32	28	jobs	job	NOUN
ftr-384	32	29	and	and	CCONJ
ftr-384	32	30	capital	capital	NOUN
ftr-384	32	31	abroad	abroad	ADV
ftr-384	32	32	....	....	PUNCT
ftr-384	33	1	"	"	PUNCT
ftr-384	33	2	'	'	PUNCT
ftr-384	33	3	this	this	DET
ftr-384	33	4	inference	inference	NOUN
ftr-384	33	5	is	be	AUX
ftr-384	33	6	inappropriate	inappropriate	ADJ
ftr-384	33	7	.	.	PUNCT
ftr-384	34	1	as	as	ADP
ftr-384	34	2	lawyers	lawyer	NOUN
ftr-384	34	3	,	,	PUNCT
ftr-384	34	4	we	we	PRON
ftr-384	34	5	have	have	AUX
ftr-384	34	6	been	be	AUX
ftr-384	34	7	trained	train	VERB
ftr-384	34	8	that	that	SCONJ
ftr-384	34	9	a	a	DET
ftr-384	34	10	lack	lack	NOUN
ftr-384	34	11	of	of	ADP
ftr-384	34	12	evidence	evidence	NOUN
ftr-384	34	13	means	mean	VERB
ftr-384	34	14	that	that	SCONJ
ftr-384	34	15	no	no	DET
ftr-384	34	16	conclusion	conclusion	NOUN
ftr-384	34	17	can	can	AUX
ftr-384	34	18	be	be	AUX
ftr-384	34	19	reached.9	reached.9	VERB
ftr-384	34	20	although	although	SCONJ
ftr-384	34	21	the	the	DET
ftr-384	34	22	report	report	NOUN
ftr-384	34	23	uses	use	VERB
ftr-384	34	24	the	the	DET
ftr-384	34	25	absence	absence	NOUN
ftr-384	34	26	of	of	ADP
ftr-384	34	27	conclusive	conclusive	ADJ
ftr-384	34	28	findings	finding	NOUN
ftr-384	34	29	to	to	PART
ftr-384	34	30	support	support	VERB
ftr-384	34	31	the	the	DET
ftr-384	34	32	assertion	assertion	NOUN
ftr-384	34	33	that	that	SCONJ
ftr-384	34	34	there	there	PRON
ftr-384	34	35	will	will	AUX
ftr-384	34	36	be	be	AUX
ftr-384	34	37	no	no	DET
ftr-384	34	38	adverse	adverse	ADJ
ftr-384	34	39	effect	effect	NOUN
ftr-384	34	40	,	,	PUNCT
ftr-384	34	41	a	a	DET
ftr-384	34	42	careful	careful	ADJ
ftr-384	34	43	reading	reading	NOUN
ftr-384	34	44	of	of	ADP
ftr-384	34	45	the	the	DET
ftr-384	34	46	altshuler	altshuler	NOUN
ftr-384	34	47	-	-	PUNCT
ftr-384	34	48	grubert	grubert	NOUN
ftr-384	34	49	article	article	NOUN
ftr-384	34	50	reveals	reveal	VERB
ftr-384	34	51	that	that	SCONJ
ftr-384	34	52	altshuler	altshuler	NOUN
ftr-384	34	53	and	and	CCONJ
ftr-384	34	54	grubert	grubert	NOUN
ftr-384	34	55	view	view	VERB
ftr-384	34	56	their	their	PRON
ftr-384	34	57	results	result	NOUN
ftr-384	34	58	as	as	ADP
ftr-384	34	59	inconclusive	inconclusive	ADJ
ftr-384	34	60	.	.	PUNCT
ftr-384	35	1	they	they	PRON
ftr-384	35	2	are	be	AUX
ftr-384	35	3	very	very	ADV
ftr-384	35	4	careful	careful	ADJ
ftr-384	35	5	to	to	PART
ftr-384	35	6	point	point	VERB
ftr-384	35	7	out	out	ADP
ftr-384	35	8	that	that	SCONJ
ftr-384	35	9	their	their	PRON
ftr-384	35	10	analysis	analysis	NOUN
ftr-384	35	11	produces	produce	VERB
ftr-384	35	12	mixed	mixed	ADJ
ftr-384	35	13	results	result	NOUN
ftr-384	35	14	about	about	ADP
ftr-384	35	15	whether	whether	SCONJ
ftr-384	35	16	an	an	DET
ftr-384	35	17	exemption	exemption	NOUN
ftr-384	35	18	system	system	NOUN
ftr-384	35	19	would	would	AUX
ftr-384	35	20	lead	lead	VERB
ftr-384	35	21	to	to	ADP
ftr-384	35	22	more	more	ADJ
ftr-384	35	23	foreign	foreign	ADJ
ftr-384	35	24	direct	direct	ADJ
ftr-384	35	25	investment	investment	NOUN
ftr-384	35	26	(	(	PUNCT
ftr-384	35	27	"	"	PUNCT
ftr-384	35	28	fdi	fdi	NOUN
ftr-384	35	29	"	"	PUNCT
ftr-384	35	30	)	)	PUNCT
ftr-384	35	31	by	by	ADP
ftr-384	35	32	u.s	u.s	PROPN
ftr-384	35	33	.	.	PROPN
ftr-384	35	34	multinationals	multinational	NOUN
ftr-384	35	35	.	.	PUNCT
ftr-384	36	1	indeed	indeed	ADV
ftr-384	36	2	,	,	PUNCT
ftr-384	36	3	as	as	SCONJ
ftr-384	36	4	this	this	DET
ftr-384	36	5	article	article	NOUN
ftr-384	36	6	will	will	AUX
ftr-384	36	7	discuss	discuss	VERB
ftr-384	36	8	,	,	PUNCT
ftr-384	36	9	the	the	DET
ftr-384	36	10	4	4	NUM
ftr-384	36	11	.	.	PUNCT
ftr-384	37	1	i	i	PRON
ftr-384	37	2	d.	d.	PROPN
ftr-384	37	3	at	at	ADP
ftr-384	37	4	135	135	NUM
ftr-384	37	5	(	(	PUNCT
ftr-384	37	6	emphasis	emphasis	NOUN
ftr-384	37	7	added	add	VERB
ftr-384	37	8	)	)	PUNCT
ftr-384	37	9	.	.	PUNCT
ftr-384	38	1	5	5	X
ftr-384	38	2	.	.	X
ftr-384	38	3	rosanne	rosanne	PROPN
ftr-384	38	4	altshuler	altshuler	PROPN
ftr-384	38	5	&	&	CCONJ
ftr-384	38	6	harry	harry	PROPN
ftr-384	38	7	grubert	grubert	PROPN
ftr-384	38	8	,	,	PUNCT
ftr-384	38	9	where	where	SCONJ
ftr-384	38	10	will	will	AUX
ftr-384	38	11	they	they	PRON
ftr-384	38	12	go	go	VERB
ftr-384	38	13	if	if	SCONJ
ftr-384	38	14	we	we	PRON
ftr-384	38	15	go	go	VERB
ftr-384	38	16	territorial	territorial	ADJ
ftr-384	38	17	?	?	PUNCT
ftr-384	39	1	dividend	dividend	NOUN
ftr-384	39	2	exemption	exemption	NOUN
ftr-384	39	3	and	and	CCONJ
ftr-384	39	4	the	the	DET
ftr-384	39	5	location	location	NOUN
ftr-384	39	6	decisions	decision	NOUN
ftr-384	39	7	of	of	ADP
ftr-384	39	8	u.s	u.s	PROPN
ftr-384	39	9	.	.	PROPN
ftr-384	39	10	multinational	multinational	ADJ
ftr-384	39	11	corporations	corporation	NOUN
ftr-384	39	12	,	,	PUNCT
ftr-384	39	13	54	54	NUM
ftr-384	39	14	nat'l	nat'l	PROPN
ftr-384	39	15	tax	tax	NOUN
ftr-384	39	16	j.	j.	PROPN
ftr-384	39	17	787	787	NUM
ftr-384	39	18	(	(	PUNCT
ftr-384	39	19	2001	2001	NUM
ftr-384	39	20	)	)	PUNCT
ftr-384	39	21	.	.	PUNCT
ftr-384	40	1	6	6	X
ftr-384	40	2	.	.	X
ftr-384	41	1	i	i	PRON
ftr-384	41	2	d.	d.	PROPN
ftr-384	41	3	at	at	ADP
ftr-384	41	4	807	807	NUM
ftr-384	41	5	.	.	PUNCT
ftr-384	42	1	7	7	X
ftr-384	42	2	.	.	X
ftr-384	43	1	i	i	PRON
ftr-384	43	2	d.	d.	PROPN
ftr-384	43	3	8	8	NUM
ftr-384	43	4	.	.	PUNCT
ftr-384	44	1	report	report	NOUN
ftr-384	44	2	,	,	PUNCT
ftr-384	44	3	supra	supra	PROPN
ftr-384	44	4	note	note	NOUN
ftr-384	44	5	1	1	NUM
ftr-384	44	6	,	,	PUNCT
ftr-384	44	7	at	at	ADP
ftr-384	44	8	135	135	NUM
ftr-384	44	9	.	.	NOUN
ftr-384	45	1	9	9	NUM
ftr-384	45	2	.	.	X
ftr-384	45	3	for	for	ADP
ftr-384	45	4	example	example	NOUN
ftr-384	45	5	,	,	PUNCT
ftr-384	45	6	in	in	ADP
ftr-384	45	7	a	a	DET
ftr-384	45	8	criminal	criminal	ADJ
ftr-384	45	9	prosecution	prosecution	NOUN
ftr-384	45	10	,	,	PUNCT
ftr-384	45	11	the	the	DET
ftr-384	45	12	defendant	defendant	NOUN
ftr-384	45	13	is	be	AUX
ftr-384	45	14	found	find	VERB
ftr-384	45	15	"	"	PUNCT
ftr-384	45	16	not	not	PART
ftr-384	45	17	guilty	guilty	ADJ
ftr-384	45	18	"	"	PUNCT
ftr-384	45	19	when	when	SCONJ
ftr-384	45	20	the	the	DET
ftr-384	45	21	prosecutor	prosecutor	NOUN
ftr-384	45	22	fails	fail	VERB
ftr-384	45	23	to	to	PART
ftr-384	45	24	produce	produce	VERB
ftr-384	45	25	evidence	evidence	NOUN
ftr-384	45	26	that	that	PRON
ftr-384	45	27	shows	show	VERB
ftr-384	45	28	beyond	beyond	ADP
ftr-384	45	29	a	a	DET
ftr-384	45	30	reasonable	reasonable	ADJ
ftr-384	45	31	doubt	doubt	NOUN
ftr-384	45	32	that	that	SCONJ
ftr-384	45	33	the	the	DET
ftr-384	45	34	defendant	defendant	NOUN
ftr-384	45	35	committed	commit	VERB
ftr-384	45	36	the	the	DET
ftr-384	45	37	crime	crime	NOUN
ftr-384	45	38	.	.	PUNCT
ftr-384	46	1	the	the	DET
ftr-384	46	2	prosecutor	prosecutor	NOUN
ftr-384	46	3	's	's	PART
ftr-384	46	4	failure	failure	NOUN
ftr-384	46	5	to	to	PART
ftr-384	46	6	produce	produce	VERB
ftr-384	46	7	evidence	evidence	NOUN
ftr-384	46	8	does	do	AUX
ftr-384	46	9	not	not	PART
ftr-384	46	10	mean	mean	VERB
ftr-384	46	11	that	that	SCONJ
ftr-384	46	12	the	the	DET
ftr-384	46	13	defendant	defendant	NOUN
ftr-384	46	14	is	be	AUX
ftr-384	46	15	"	"	PUNCT
ftr-384	46	16	innocent	innocent	ADJ
ftr-384	46	17	.	.	PUNCT
ftr-384	46	18	"	"	PUNCT
ftr-384	47	1	2007	2007	NUM
ftr-384	47	2	]	]	PUNCT
ftr-384	47	3	florida	florida	PROPN
ftr-384	47	4	tax	tax	PROPN
ftr-384	47	5	review	review	NOUN
ftr-384	47	6	altshuler	altshuler	NOUN
ftr-384	47	7	-	-	PUNCT
ftr-384	47	8	grubert	grubert	NOUN
ftr-384	47	9	paper	paper	NOUN
ftr-384	47	10	leaves	leave	VERB
ftr-384	47	11	many	many	ADJ
ftr-384	47	12	unanswered	unanswered	ADJ
ftr-384	47	13	questions	question	NOUN
ftr-384	47	14	that	that	PRON
ftr-384	47	15	make	make	VERB
ftr-384	47	16	it	it	PRON
ftr-384	47	17	impossible	impossible	ADJ
ftr-384	47	18	to	to	PART
ftr-384	47	19	conclude	conclude	VERB
ftr-384	47	20	what	what	PRON
ftr-384	47	21	effect	effect	NOUN
ftr-384	47	22	a	a	DET
ftr-384	47	23	territorial	territorial	ADJ
ftr-384	47	24	tax	tax	NOUN
ftr-384	47	25	will	will	AUX
ftr-384	47	26	have	have	VERB
ftr-384	47	27	on	on	ADP
ftr-384	47	28	domestic	domestic	ADJ
ftr-384	47	29	investment	investment	NOUN
ftr-384	47	30	.	.	PUNCT
ftr-384	48	1	this	this	DET
ftr-384	48	2	article	article	NOUN
ftr-384	48	3	is	be	AUX
ftr-384	48	4	organized	organize	VERB
ftr-384	48	5	as	as	SCONJ
ftr-384	48	6	follows	follow	VERB
ftr-384	48	7	.	.	PUNCT
ftr-384	49	1	it	it	PRON
ftr-384	49	2	first	first	ADV
ftr-384	49	3	explains	explain	VERB
ftr-384	49	4	that	that	SCONJ
ftr-384	49	5	the	the	DET
ftr-384	49	6	benefits	benefit	NOUN
ftr-384	49	7	of	of	ADP
ftr-384	49	8	a	a	DET
ftr-384	49	9	territorial	territorial	ADJ
ftr-384	49	10	tax	tax	NOUN
ftr-384	49	11	suggested	suggest	VERB
ftr-384	49	12	by	by	ADP
ftr-384	49	13	the	the	DET
ftr-384	49	14	report	report	NOUN
ftr-384	49	15	,	,	PUNCT
ftr-384	49	16	increased	increase	VERB
ftr-384	49	17	competitiveness	competitiveness	NOUN
ftr-384	49	18	of	of	ADP
ftr-384	49	19	u.s	u.s	PROPN
ftr-384	49	20	.	.	PROPN
ftr-384	49	21	multinationals	multinational	NOUN
ftr-384	49	22	in	in	ADP
ftr-384	49	23	low	low	ADJ
ftr-384	49	24	-	-	PUNCT
ftr-384	49	25	tax	tax	NOUN
ftr-384	49	26	countries	country	NOUN
ftr-384	49	27	and	and	CCONJ
ftr-384	49	28	increased	increase	VERB
ftr-384	49	29	dividend	dividend	NOUN
ftr-384	49	30	repatriation	repatriation	NOUN
ftr-384	49	31	,	,	PUNCT
ftr-384	49	32	can	can	AUX
ftr-384	49	33	not	not	PART
ftr-384	49	34	be	be	AUX
ftr-384	49	35	viewed	view	VERB
ftr-384	49	36	in	in	ADP
ftr-384	49	37	isolation	isolation	NOUN
ftr-384	49	38	.	.	PUNCT
ftr-384	50	1	'0	'0	X
ftr-384	50	2	instead	instead	ADV
ftr-384	50	3	,	,	PUNCT
ftr-384	50	4	it	it	PRON
ftr-384	50	5	is	be	AUX
ftr-384	50	6	necessary	necessary	ADJ
ftr-384	50	7	to	to	PART
ftr-384	50	8	analyze	analyze	VERB
ftr-384	50	9	these	these	DET
ftr-384	50	10	benefits	benefit	NOUN
ftr-384	50	11	in	in	ADP
ftr-384	50	12	the	the	DET
ftr-384	50	13	context	context	NOUN
ftr-384	50	14	of	of	ADP
ftr-384	50	15	the	the	DET
ftr-384	50	16	increased	increase	VERB
ftr-384	50	17	excess	excess	ADJ
ftr-384	50	18	burden	burden	NOUN
ftr-384	50	19	"	"	PUNCT
ftr-384	50	20	a	a	DET
ftr-384	50	21	territorial	territorial	ADJ
ftr-384	50	22	tax	tax	NOUN
ftr-384	50	23	will	will	AUX
ftr-384	50	24	impose	impose	VERB
ftr-384	50	25	on	on	ADP
ftr-384	50	26	domestic	domestic	ADJ
ftr-384	50	27	investment	investment	NOUN
ftr-384	50	28	.	.	PUNCT
ftr-384	51	1	the	the	DET
ftr-384	51	2	key	key	NOUN
ftr-384	51	3	to	to	ADP
ftr-384	51	4	determining	determine	VERB
ftr-384	51	5	the	the	DET
ftr-384	51	6	increase	increase	NOUN
ftr-384	51	7	in	in	ADP
ftr-384	51	8	excess	excess	ADJ
ftr-384	51	9	burden	burden	NOUN
ftr-384	51	10	is	be	AUX
ftr-384	51	11	the	the	DET
ftr-384	51	12	extent	extent	NOUN
ftr-384	51	13	to	to	PART
ftr-384	51	14	which	which	PRON
ftr-384	51	15	the	the	DET
ftr-384	51	16	tax	tax	NOUN
ftr-384	51	17	will	will	AUX
ftr-384	51	18	increase	increase	VERB
ftr-384	51	19	foreign	foreign	ADJ
ftr-384	51	20	investment	investment	NOUN
ftr-384	51	21	in	in	ADP
ftr-384	51	22	low	low	ADJ
ftr-384	51	23	-	-	PUNCT
ftr-384	51	24	tax	tax	NOUN
ftr-384	51	25	countries	country	NOUN
ftr-384	51	26	at	at	ADP
ftr-384	51	27	the	the	DET
ftr-384	51	28	expense	expense	NOUN
ftr-384	51	29	of	of	ADP
ftr-384	51	30	domestic	domestic	ADJ
ftr-384	51	31	investment	investment	NOUN
ftr-384	51	32	.	.	PUNCT
ftr-384	52	1	2	2	NUM
ftr-384	53	1	thus	thus	ADV
ftr-384	53	2	,	,	PUNCT
ftr-384	53	3	the	the	DET
ftr-384	53	4	report	report	NOUN
ftr-384	53	5	's	's	PART
ftr-384	53	6	reliance	reliance	NOUN
ftr-384	53	7	on	on	ADP
ftr-384	53	8	the	the	DET
ftr-384	53	9	altshuler	altshuler	NOUN
ftr-384	53	10	-	-	PUNCT
ftr-384	53	11	grubert	grubert	NOUN
ftr-384	53	12	article	article	NOUN
ftr-384	53	13	as	as	ADP
ftr-384	53	14	support	support	NOUN
ftr-384	53	15	for	for	ADP
ftr-384	53	16	its	its	PRON
ftr-384	53	17	conclusion	conclusion	NOUN
ftr-384	53	18	that	that	SCONJ
ftr-384	53	19	a	a	DET
ftr-384	53	20	territorial	territorial	ADJ
ftr-384	53	21	tax	tax	NOUN
ftr-384	53	22	will	will	AUX
ftr-384	53	23	not	not	PART
ftr-384	53	24	increase	increase	VERB
ftr-384	53	25	investment	investment	NOUN
ftr-384	53	26	in	in	ADP
ftr-384	53	27	low	low	ADJ
ftr-384	53	28	tax	tax	NOUN
ftr-384	53	29	countries	country	NOUN
ftr-384	53	30	is	be	AUX
ftr-384	53	31	of	of	ADP
ftr-384	53	32	critical	critical	ADJ
ftr-384	53	33	importance	importance	NOUN
ftr-384	53	34	.	.	PUNCT
ftr-384	54	1	this	this	DET
ftr-384	54	2	article	article	NOUN
ftr-384	54	3	describes	describe	VERB
ftr-384	54	4	the	the	DET
ftr-384	54	5	analysis	analysis	NOUN
ftr-384	54	6	used	use	VERB
ftr-384	54	7	by	by	ADP
ftr-384	54	8	altshuler	altshuler	NOUN
ftr-384	54	9	and	and	CCONJ
ftr-384	54	10	grubert	grubert	NOUN
ftr-384	54	11	in	in	ADP
ftr-384	54	12	order	order	NOUN
ftr-384	54	13	to	to	PART
ftr-384	54	14	illustrate	illustrate	VERB
ftr-384	54	15	the	the	DET
ftr-384	54	16	inconclusive	inconclusive	ADJ
ftr-384	54	17	nature	nature	NOUN
ftr-384	54	18	of	of	ADP
ftr-384	54	19	their	their	PRON
ftr-384	54	20	findings	finding	NOUN
ftr-384	54	21	.	.	PUNCT
ftr-384	55	1	3	3	NUM
ftr-384	55	2	it	it	PRON
ftr-384	55	3	also	also	ADV
ftr-384	55	4	raises	raise	VERB
ftr-384	55	5	additional	additional	ADJ
ftr-384	55	6	issues	issue	NOUN
ftr-384	55	7	not	not	PART
ftr-384	55	8	addressed	address	VERB
ftr-384	55	9	in	in	ADP
ftr-384	55	10	their	their	PRON
ftr-384	55	11	article	article	NOUN
ftr-384	55	12	that	that	PRON
ftr-384	55	13	will	will	AUX
ftr-384	55	14	have	have	VERB
ftr-384	55	15	to	to	PART
ftr-384	55	16	be	be	AUX
ftr-384	55	17	resolved	resolve	VERB
ftr-384	55	18	in	in	ADP
ftr-384	55	19	order	order	NOUN
ftr-384	55	20	to	to	PART
ftr-384	55	21	determine	determine	VERB
ftr-384	55	22	the	the	DET
ftr-384	55	23	effect	effect	NOUN
ftr-384	55	24	of	of	ADP
ftr-384	55	25	an	an	DET
ftr-384	55	26	exemption	exemption	NOUN
ftr-384	55	27	system	system	NOUN
ftr-384	55	28	on	on	ADP
ftr-384	55	29	domestic	domestic	ADJ
ftr-384	55	30	investment	investment	NOUN
ftr-384	55	31	.	.	PUNCT
ftr-384	56	1	4	4	NUM
ftr-384	56	2	given	give	VERB
ftr-384	56	3	the	the	DET
ftr-384	56	4	uncertainty	uncertainty	NOUN
ftr-384	56	5	surrounding	surround	VERB
ftr-384	56	6	how	how	SCONJ
ftr-384	56	7	u.s	u.s	PROPN
ftr-384	56	8	.	.	PROPN
ftr-384	56	9	multinationals	multinational	NOUN
ftr-384	56	10	will	will	AUX
ftr-384	56	11	respond	respond	VERB
ftr-384	56	12	to	to	ADP
ftr-384	56	13	a	a	DET
ftr-384	56	14	territorial	territorial	ADJ
ftr-384	56	15	tax	tax	NOUN
ftr-384	56	16	and	and	CCONJ
ftr-384	56	17	professor	professor	NOUN
ftr-384	56	18	mcdaniel	mcdaniel	PROPN
ftr-384	56	19	's	's	PART
ftr-384	56	20	persuasive	persuasive	ADJ
ftr-384	56	21	explanation	explanation	NOUN
ftr-384	56	22	that	that	SCONJ
ftr-384	56	23	a	a	DET
ftr-384	56	24	territorial	territorial	ADJ
ftr-384	56	25	tax	tax	NOUN
ftr-384	56	26	will	will	AUX
ftr-384	56	27	not	not	PART
ftr-384	56	28	be	be	AUX
ftr-384	56	29	simpler	simple	ADJ
ftr-384	56	30	than	than	ADP
ftr-384	56	31	a	a	DET
ftr-384	56	32	global	global	ADJ
ftr-384	56	33	tax	tax	NOUN
ftr-384	56	34	,	,	PUNCT
ftr-384	56	35	this	this	DET
ftr-384	56	36	article	article	NOUN
ftr-384	56	37	concludes	conclude	VERB
ftr-384	56	38	that	that	SCONJ
ftr-384	56	39	report	report	NOUN
ftr-384	56	40	has	have	AUX
ftr-384	56	41	failed	fail	VERB
ftr-384	56	42	to	to	PART
ftr-384	56	43	make	make	VERB
ftr-384	56	44	a	a	DET
ftr-384	56	45	convincing	convincing	ADJ
ftr-384	56	46	case	case	NOUN
ftr-384	56	47	for	for	ADP
ftr-384	56	48	a	a	DET
ftr-384	56	49	territorial	territorial	ADJ
ftr-384	56	50	system	system	NOUN
ftr-384	56	51	.	.	PUNCT
ftr-384	57	1	ii	ii	PROPN
ftr-384	57	2	.	.	PUNCT
ftr-384	58	1	the	the	DET
ftr-384	58	2	efficiency	efficiency	NOUN
ftr-384	58	3	effects	effect	NOUN
ftr-384	58	4	of	of	ADP
ftr-384	58	5	a	a	DET
ftr-384	58	6	territorial	territorial	ADJ
ftr-384	58	7	system	system	NOUN
ftr-384	58	8	a.	a.	NOUN
ftr-384	58	9	analysis	analysis	NOUN
ftr-384	58	10	of	of	ADP
ftr-384	58	11	claimed	claim	VERB
ftr-384	58	12	benefits	benefit	NOUN
ftr-384	58	13	the	the	DET
ftr-384	58	14	report	report	NOUN
ftr-384	58	15	justifies	justify	VERB
ftr-384	58	16	its	its	PRON
ftr-384	58	17	recommendation	recommendation	NOUN
ftr-384	58	18	for	for	ADP
ftr-384	58	19	a	a	DET
ftr-384	58	20	territorial	territorial	ADJ
ftr-384	58	21	tax	tax	NOUN
ftr-384	58	22	by	by	ADP
ftr-384	58	23	asserting	assert	VERB
ftr-384	58	24	that	that	SCONJ
ftr-384	58	25	this	this	DET
ftr-384	58	26	system	system	NOUN
ftr-384	58	27	will	will	AUX
ftr-384	58	28	eliminate	eliminate	VERB
ftr-384	58	29	the	the	DET
ftr-384	58	30	tax	tax	NOUN
ftr-384	58	31	impediment	impediment	NOUN
ftr-384	58	32	to	to	ADP
ftr-384	58	33	repatriating	repatriate	VERB
ftr-384	58	34	earnings	earning	NOUN
ftr-384	58	35	and	and	CCONJ
ftr-384	58	36	will	will	AUX
ftr-384	58	37	make	make	VERB
ftr-384	58	38	u.s	u.s	PROPN
ftr-384	58	39	.	.	PROPN
ftr-384	58	40	multinationals	multinational	NOUN
ftr-384	58	41	more	more	ADV
ftr-384	58	42	competitive	competitive	ADJ
ftr-384	58	43	.	.	PUNCT
ftr-384	59	1	a	a	DET
ftr-384	59	2	complete	complete	ADJ
ftr-384	59	3	analysis	analysis	NOUN
ftr-384	59	4	,	,	PUNCT
ftr-384	59	5	however	however	ADV
ftr-384	59	6	,	,	PUNCT
ftr-384	59	7	10	10	NUM
ftr-384	59	8	.	.	PUNCT
ftr-384	60	1	see	see	VERB
ftr-384	60	2	infra	infra	NOUN
ftr-384	60	3	text	text	NOUN
ftr-384	60	4	accompanying	accompany	VERB
ftr-384	60	5	notes	note	NOUN
ftr-384	60	6	15	15	NUM
ftr-384	60	7	-	-	SYM
ftr-384	60	8	27	27	NUM
ftr-384	60	9	.	.	PUNCT
ftr-384	61	1	11	11	NUM
ftr-384	61	2	.	.	PUNCT
ftr-384	62	1	in	in	ADP
ftr-384	62	2	determining	determine	VERB
ftr-384	62	3	the	the	DET
ftr-384	62	4	efficiency	efficiency	NOUN
ftr-384	62	5	of	of	ADP
ftr-384	62	6	an	an	DET
ftr-384	62	7	income	income	NOUN
ftr-384	62	8	tax	tax	NOUN
ftr-384	62	9	,	,	PUNCT
ftr-384	62	10	economists	economist	NOUN
ftr-384	62	11	often	often	ADV
ftr-384	62	12	refer	refer	VERB
ftr-384	62	13	to	to	ADP
ftr-384	62	14	the	the	DET
ftr-384	62	15	term	term	NOUN
ftr-384	62	16	"	"	PUNCT
ftr-384	62	17	excess	excess	ADJ
ftr-384	62	18	burden	burden	NOUN
ftr-384	62	19	.	.	PUNCT
ftr-384	62	20	"	"	PUNCT
ftr-384	63	1	the	the	DET
ftr-384	63	2	excess	excess	ADJ
ftr-384	63	3	burden	burden	NOUN
ftr-384	63	4	represents	represent	VERB
ftr-384	63	5	the	the	DET
ftr-384	63	6	welfare	welfare	NOUN
ftr-384	63	7	loss	loss	NOUN
ftr-384	63	8	created	create	VERB
ftr-384	63	9	by	by	ADP
ftr-384	63	10	a	a	DET
ftr-384	63	11	tax	tax	NOUN
ftr-384	63	12	that	that	PRON
ftr-384	63	13	exceeds	exceed	VERB
ftr-384	63	14	the	the	DET
ftr-384	63	15	tax	tax	NOUN
ftr-384	63	16	revenue	revenue	NOUN
ftr-384	63	17	generated	generate	VERB
ftr-384	63	18	by	by	ADP
ftr-384	63	19	that	that	DET
ftr-384	63	20	tax	tax	NOUN
ftr-384	63	21	;	;	PUNCT
ftr-384	63	22	see	see	VERB
ftr-384	63	23	e.g.	e.g.	ADV
ftr-384	63	24	richard	richard	PROPN
ftr-384	63	25	a.	a.	PROPN
ftr-384	63	26	musgrave	musgrave	PROPN
ftr-384	63	27	&	&	CCONJ
ftr-384	63	28	peggy	peggy	PROPN
ftr-384	63	29	b.	b.	PROPN
ftr-384	63	30	musgrave	musgrave	PROPN
ftr-384	63	31	,	,	PUNCT
ftr-384	63	32	public	public	ADJ
ftr-384	63	33	finance	finance	NOUN
ftr-384	63	34	in	in	ADP
ftr-384	63	35	theory	theory	NOUN
ftr-384	63	36	and	and	CCONJ
ftr-384	63	37	practice	practice	VERB
ftr-384	63	38	444	444	NUM
ftr-384	63	39	(	(	PUNCT
ftr-384	63	40	1973	1973	NUM
ftr-384	63	41	)	)	PUNCT
ftr-384	63	42	;	;	PUNCT
ftr-384	63	43	harvey	harvey	PROPN
ftr-384	63	44	s.	s.	PROPN
ftr-384	63	45	rosen	rosen	PROPN
ftr-384	63	46	,	,	PUNCT
ftr-384	63	47	public	public	ADJ
ftr-384	63	48	finance	finance	NOUN
ftr-384	63	49	307	307	NUM
ftr-384	63	50	(	(	PUNCT
ftr-384	63	51	7th	7th	ADJ
ftr-384	63	52	ed	ed	NOUN
ftr-384	63	53	.	.	PROPN
ftr-384	63	54	2005	2005	NUM
ftr-384	63	55	)	)	PUNCT
ftr-384	63	56	.	.	PUNCT
ftr-384	64	1	an	an	DET
ftr-384	64	2	income	income	NOUN
ftr-384	64	3	tax	tax	NOUN
ftr-384	64	4	has	have	VERB
ftr-384	64	5	an	an	DET
ftr-384	64	6	excess	excess	ADJ
ftr-384	64	7	burden	burden	NOUN
ftr-384	64	8	because	because	SCONJ
ftr-384	64	9	it	it	PRON
ftr-384	64	10	creates	create	VERB
ftr-384	64	11	a	a	DET
ftr-384	64	12	disparity	disparity	NOUN
ftr-384	64	13	(	(	PUNCT
ftr-384	64	14	or	or	CCONJ
ftr-384	64	15	"	"	PUNCT
ftr-384	64	16	tax	tax	NOUN
ftr-384	64	17	wedge	wedge	NOUN
ftr-384	64	18	"	"	PUNCT
ftr-384	64	19	)	)	PUNCT
ftr-384	64	20	between	between	ADP
ftr-384	64	21	the	the	DET
ftr-384	64	22	income	income	NOUN
ftr-384	64	23	paid	pay	VERB
ftr-384	64	24	to	to	ADP
ftr-384	64	25	the	the	DET
ftr-384	64	26	taxpayer	taxpayer	NOUN
ftr-384	64	27	and	and	CCONJ
ftr-384	64	28	the	the	DET
ftr-384	64	29	after	after	ADP
ftr-384	64	30	-	-	PUNCT
ftr-384	64	31	tax	tax	NOUN
ftr-384	64	32	income	income	NOUN
ftr-384	64	33	received	receive	VERB
ftr-384	64	34	by	by	ADP
ftr-384	64	35	the	the	DET
ftr-384	64	36	taxpayer	taxpayer	NOUN
ftr-384	64	37	.	.	PUNCT
ftr-384	65	1	i	i	PRON
ftr-384	65	2	d.	d.	PROPN
ftr-384	65	3	at	at	ADP
ftr-384	65	4	310	310	NUM
ftr-384	65	5	-	-	SYM
ftr-384	65	6	12	12	NUM
ftr-384	65	7	.	.	PUNCT
ftr-384	66	1	this	this	DET
ftr-384	66	2	difference	difference	NOUN
ftr-384	66	3	causes	cause	VERB
ftr-384	66	4	the	the	DET
ftr-384	66	5	taxpayer	taxpayer	NOUN
ftr-384	66	6	to	to	PART
ftr-384	66	7	vary	vary	VERB
ftr-384	66	8	his	his	PRON
ftr-384	66	9	behavior	behavior	NOUN
ftr-384	66	10	from	from	ADP
ftr-384	66	11	the	the	DET
ftr-384	66	12	way	way	NOUN
ftr-384	66	13	he	he	PRON
ftr-384	66	14	would	would	AUX
ftr-384	66	15	have	have	AUX
ftr-384	66	16	behaved	behave	VERB
ftr-384	66	17	in	in	ADP
ftr-384	66	18	a	a	DET
ftr-384	66	19	tax	tax	NOUN
ftr-384	66	20	-	-	PUNCT
ftr-384	66	21	free	free	ADJ
ftr-384	66	22	world	world	NOUN
ftr-384	66	23	.	.	PUNCT
ftr-384	67	1	for	for	ADP
ftr-384	67	2	example	example	NOUN
ftr-384	67	3	,	,	PUNCT
ftr-384	67	4	a	a	DET
ftr-384	67	5	tax	tax	NOUN
ftr-384	67	6	on	on	ADP
ftr-384	67	7	wages	wage	NOUN
ftr-384	67	8	may	may	AUX
ftr-384	67	9	cause	cause	VERB
ftr-384	67	10	a	a	DET
ftr-384	67	11	taxpayer	taxpayer	NOUN
ftr-384	67	12	to	to	PART
ftr-384	67	13	work	work	VERB
ftr-384	67	14	more	more	ADV
ftr-384	67	15	or	or	CCONJ
ftr-384	67	16	less	less	ADJ
ftr-384	67	17	hours	hour	NOUN
ftr-384	67	18	in	in	ADP
ftr-384	67	19	response	response	NOUN
ftr-384	67	20	to	to	ADP
ftr-384	67	21	the	the	DET
ftr-384	67	22	tax	tax	NOUN
ftr-384	67	23	.	.	PUNCT
ftr-384	68	1	similarly	similarly	ADV
ftr-384	68	2	,	,	PUNCT
ftr-384	68	3	a	a	DET
ftr-384	68	4	tax	tax	NOUN
ftr-384	68	5	on	on	ADP
ftr-384	68	6	savings	saving	NOUN
ftr-384	68	7	may	may	AUX
ftr-384	68	8	cause	cause	VERB
ftr-384	68	9	a	a	DET
ftr-384	68	10	taxpayer	taxpayer	NOUN
ftr-384	68	11	to	to	PART
ftr-384	68	12	save	save	VERB
ftr-384	68	13	more	more	ADV
ftr-384	68	14	or	or	CCONJ
ftr-384	68	15	less	less	ADJ
ftr-384	68	16	in	in	ADP
ftr-384	68	17	response	response	NOUN
ftr-384	68	18	to	to	ADP
ftr-384	68	19	the	the	DET
ftr-384	68	20	tax	tax	NOUN
ftr-384	68	21	.	.	PUNCT
ftr-384	69	1	this	this	DET
ftr-384	69	2	behavioral	behavioral	ADJ
ftr-384	69	3	change	change	NOUN
ftr-384	69	4	creates	create	VERB
ftr-384	69	5	a	a	DET
ftr-384	69	6	welfare	welfare	NOUN
ftr-384	69	7	loss	loss	NOUN
ftr-384	69	8	to	to	ADP
ftr-384	69	9	the	the	DET
ftr-384	69	10	taxpayer	taxpayer	NOUN
ftr-384	69	11	in	in	ADP
ftr-384	69	12	addition	addition	NOUN
ftr-384	69	13	to	to	ADP
ftr-384	69	14	the	the	DET
ftr-384	69	15	taxes	taxis	NOUN
ftr-384	69	16	paid	pay	VERB
ftr-384	69	17	.	.	PUNCT
ftr-384	70	1	i	i	PRON
ftr-384	70	2	d.	d.	PROPN
ftr-384	70	3	at	at	ADP
ftr-384	70	4	319	319	NUM
ftr-384	70	5	-	-	SYM
ftr-384	70	6	20	20	NUM
ftr-384	70	7	.	.	PUNCT
ftr-384	71	1	12	12	NUM
ftr-384	71	2	.	.	PUNCT
ftr-384	72	1	see	see	VERB
ftr-384	72	2	infra	infra	NOUN
ftr-384	72	3	text	text	NOUN
ftr-384	72	4	accompanying	accompany	VERB
ftr-384	72	5	notes	note	NOUN
ftr-384	72	6	42	42	NUM
ftr-384	72	7	-	-	SYM
ftr-384	72	8	53	53	NUM
ftr-384	72	9	and	and	CCONJ
ftr-384	72	10	58	58	NUM
ftr-384	72	11	-	-	SYM
ftr-384	72	12	65	65	NUM
ftr-384	72	13	.	.	NOUN
ftr-384	73	1	13	13	NUM
ftr-384	73	2	.	.	X
ftr-384	74	1	see	see	VERB
ftr-384	74	2	infra	infra	NOUN
ftr-384	74	3	text	text	NOUN
ftr-384	74	4	accompanying	accompanying	ADJ
ftr-384	74	5	notes	note	NOUN
ftr-384	74	6	40	40	NUM
ftr-384	74	7	-	-	SYM
ftr-384	74	8	72	72	NUM
ftr-384	74	9	.	.	PUNCT
ftr-384	75	1	14	14	NUM
ftr-384	75	2	.	.	PUNCT
ftr-384	76	1	see	see	VERB
ftr-384	76	2	infra	infra	NOUN
ftr-384	76	3	text	text	NOUN
ftr-384	76	4	accompanying	accompany	VERB
ftr-384	76	5	notes	note	NOUN
ftr-384	76	6	53	53	NUM
ftr-384	76	7	-	-	SYM
ftr-384	76	8	57	57	NUM
ftr-384	76	9	and	and	CCONJ
ftr-384	76	10	66	66	NUM
ftr-384	76	11	-	-	SYM
ftr-384	76	12	82	82	NUM
ftr-384	76	13	..	..	PUNCT
ftr-384	77	1	[	[	X
ftr-384	77	2	vol	vol	NOUN
ftr-384	77	3	.	.	PUNCT
ftr-384	77	4	8:3	8:3	NUM
ftr-384	77	5	will	will	AUX
ftr-384	77	6	u.s	u.s	PROPN
ftr-384	77	7	.	.	PROPN
ftr-384	77	8	investment	investment	NOUN
ftr-384	77	9	go	go	VERB
ftr-384	77	10	abroad	abroad	ADV
ftr-384	77	11	in	in	ADP
ftr-384	77	12	a	a	DET
ftr-384	77	13	territorial	territorial	ADJ
ftr-384	77	14	tax	tax	NOUN
ftr-384	77	15	requires	require	VERB
ftr-384	77	16	that	that	SCONJ
ftr-384	77	17	such	such	ADJ
ftr-384	77	18	benefits	benefit	NOUN
ftr-384	77	19	not	not	PART
ftr-384	77	20	be	be	AUX
ftr-384	77	21	viewed	view	VERB
ftr-384	77	22	in	in	ADP
ftr-384	77	23	isolation	isolation	NOUN
ftr-384	77	24	.	.	PUNCT
ftr-384	78	1	it	it	PRON
ftr-384	78	2	is	be	AUX
ftr-384	78	3	necessary	necessary	ADJ
ftr-384	78	4	to	to	PART
ftr-384	78	5	consider	consider	VERB
ftr-384	78	6	these	these	DET
ftr-384	78	7	benefits	benefit	NOUN
ftr-384	78	8	in	in	ADP
ftr-384	78	9	the	the	DET
ftr-384	78	10	context	context	NOUN
ftr-384	78	11	of	of	ADP
ftr-384	78	12	other	other	ADJ
ftr-384	78	13	welfare	welfare	NOUN
ftr-384	78	14	effects	effect	NOUN
ftr-384	78	15	that	that	PRON
ftr-384	78	16	a	a	DET
ftr-384	78	17	territorial	territorial	ADJ
ftr-384	78	18	tax	tax	NOUN
ftr-384	78	19	may	may	AUX
ftr-384	78	20	have	have	VERB
ftr-384	78	21	.	.	PUNCT
ftr-384	79	1	this	this	DET
ftr-384	79	2	part	part	NOUN
ftr-384	79	3	will	will	AUX
ftr-384	79	4	first	first	ADV
ftr-384	79	5	analyze	analyze	VERB
ftr-384	79	6	the	the	DET
ftr-384	79	7	claimed	claim	VERB
ftr-384	79	8	benefits	benefit	NOUN
ftr-384	79	9	of	of	ADP
ftr-384	79	10	a	a	DET
ftr-384	79	11	territorial	territorial	ADJ
ftr-384	79	12	tax	tax	NOUN
ftr-384	79	13	and	and	CCONJ
ftr-384	79	14	then	then	ADV
ftr-384	79	15	shift	shift	VERB
ftr-384	79	16	the	the	DET
ftr-384	79	17	analysis	analysis	NOUN
ftr-384	79	18	to	to	ADP
ftr-384	79	19	the	the	DET
ftr-384	79	20	broader	broad	ADJ
ftr-384	79	21	context	context	NOUN
ftr-384	79	22	of	of	ADP
ftr-384	79	23	the	the	DET
ftr-384	79	24	efficiency	efficiency	NOUN
ftr-384	79	25	effects	effect	NOUN
ftr-384	79	26	of	of	ADP
ftr-384	79	27	such	such	DET
ftr-384	79	28	a	a	DET
ftr-384	79	29	system	system	NOUN
ftr-384	79	30	.	.	PUNCT
ftr-384	80	1	the	the	DET
ftr-384	80	2	impact	impact	NOUN
ftr-384	80	3	of	of	ADP
ftr-384	80	4	a	a	DET
ftr-384	80	5	territorial	territorial	ADJ
ftr-384	80	6	tax	tax	NOUN
ftr-384	80	7	on	on	ADP
ftr-384	80	8	dividend	dividend	NOUN
ftr-384	80	9	repatriation	repatriation	NOUN
ftr-384	80	10	will	will	AUX
ftr-384	80	11	in	in	ADP
ftr-384	80	12	part	part	NOUN
ftr-384	80	13	depend	depend	VERB
ftr-384	80	14	on	on	ADP
ftr-384	80	15	whether	whether	SCONJ
ftr-384	80	16	the	the	DET
ftr-384	80	17	new	new	ADJ
ftr-384	80	18	view	view	NOUN
ftr-384	80	19	or	or	CCONJ
ftr-384	80	20	traditional	traditional	ADJ
ftr-384	80	21	view	view	NOUN
ftr-384	80	22	of	of	ADP
ftr-384	80	23	dividends	dividend	NOUN
ftr-384	80	24	applies	apply	VERB
ftr-384	80	25	.	.	PUNCT
ftr-384	81	1	under	under	ADP
ftr-384	81	2	the	the	DET
ftr-384	81	3	new	new	ADJ
ftr-384	81	4	view	view	NOUN
ftr-384	81	5	,	,	PUNCT
ftr-384	81	6	a	a	DET
ftr-384	81	7	permanent	permanent	ADJ
ftr-384	81	8	elimination	elimination	NOUN
ftr-384	81	9	of	of	ADP
ftr-384	81	10	a	a	DET
ftr-384	81	11	dividend	dividend	NOUN
ftr-384	81	12	tax	tax	NOUN
ftr-384	81	13	on	on	ADP
ftr-384	81	14	repatriation	repatriation	NOUN
ftr-384	81	15	would	would	AUX
ftr-384	81	16	have	have	VERB
ftr-384	81	17	no	no	DET
ftr-384	81	18	effect	effect	NOUN
ftr-384	81	19	on	on	ADP
ftr-384	81	20	dividend	dividend	NOUN
ftr-384	81	21	payments	payment	NOUN
ftr-384	81	22	.	.	PUNCT
ftr-384	82	1	5	5	NUM
ftr-384	82	2	the	the	DET
ftr-384	82	3	new	new	ADJ
ftr-384	82	4	view	view	NOUN
ftr-384	82	5	posits	posit	NOUN
ftr-384	82	6	that	that	SCONJ
ftr-384	82	7	the	the	DET
ftr-384	82	8	tax	tax	NOUN
ftr-384	82	9	on	on	ADP
ftr-384	82	10	repatriation	repatriation	NOUN
ftr-384	82	11	is	be	AUX
ftr-384	82	12	irrelevant	irrelevant	ADJ
ftr-384	82	13	to	to	ADP
ftr-384	82	14	a	a	DET
ftr-384	82	15	decision	decision	NOUN
ftr-384	82	16	to	to	PART
ftr-384	82	17	retain	retain	VERB
ftr-384	82	18	or	or	CCONJ
ftr-384	82	19	distribute	distribute	VERB
ftr-384	82	20	earnings	earning	NOUN
ftr-384	82	21	because	because	SCONJ
ftr-384	82	22	the	the	DET
ftr-384	82	23	tax	tax	NOUN
ftr-384	82	24	will	will	AUX
ftr-384	82	25	be	be	AUX
ftr-384	82	26	incurred	incur	VERB
ftr-384	82	27	when	when	SCONJ
ftr-384	82	28	the	the	DET
ftr-384	82	29	earnings	earning	NOUN
ftr-384	82	30	are	be	AUX
ftr-384	82	31	ultimately	ultimately	ADV
ftr-384	82	32	transferred	transfer	VERB
ftr-384	82	33	to	to	ADP
ftr-384	82	34	the	the	DET
ftr-384	82	35	parent	parent	NOUN
ftr-384	82	36	.	.	PUNCT
ftr-384	83	1	6	6	NUM
ftr-384	83	2	the	the	DET
ftr-384	83	3	only	only	ADJ
ftr-384	83	4	relevant	relevant	ADJ
ftr-384	83	5	consideration	consideration	NOUN
ftr-384	83	6	for	for	ADP
ftr-384	83	7	retention	retention	NOUN
ftr-384	83	8	of	of	ADP
ftr-384	83	9	earnings	earning	NOUN
ftr-384	83	10	by	by	ADP
ftr-384	83	11	a	a	DET
ftr-384	83	12	mature	mature	ADJ
ftr-384	83	13	subsidiary	subsidiary	NOUN
ftr-384	83	14	is	be	AUX
ftr-384	83	15	whether	whether	SCONJ
ftr-384	83	16	the	the	DET
ftr-384	83	17	after	after	ADP
ftr-384	83	18	-	-	PUNCT
ftr-384	83	19	tax	tax	NOUN
ftr-384	83	20	return	return	NOUN
ftr-384	83	21	on	on	ADP
ftr-384	83	22	investment	investment	NOUN
ftr-384	83	23	of	of	ADP
ftr-384	83	24	the	the	DET
ftr-384	83	25	retained	retain	VERB
ftr-384	83	26	earnings	earning	NOUN
ftr-384	83	27	exceeds	exceed	VERB
ftr-384	83	28	the	the	DET
ftr-384	83	29	after	after	ADP
ftr-384	83	30	-	-	PUNCT
ftr-384	83	31	tax	tax	NOUN
ftr-384	83	32	return	return	NOUN
ftr-384	83	33	that	that	PRON
ftr-384	83	34	could	could	AUX
ftr-384	83	35	be	be	AUX
ftr-384	83	36	earned	earn	VERB
ftr-384	83	37	by	by	ADP
ftr-384	83	38	the	the	DET
ftr-384	83	39	parent	parent	NOUN
ftr-384	83	40	in	in	ADP
ftr-384	83	41	the	the	DET
ftr-384	83	42	event	event	NOUN
ftr-384	83	43	the	the	DET
ftr-384	83	44	earnings	earning	NOUN
ftr-384	83	45	were	be	AUX
ftr-384	83	46	repatriated	repatriate	VERB
ftr-384	83	47	.	.	PUNCT
ftr-384	84	1	7	7	NUM
ftr-384	85	1	thus	thus	ADV
ftr-384	85	2	,	,	PUNCT
ftr-384	85	3	where	where	SCONJ
ftr-384	85	4	the	the	DET
ftr-384	85	5	foreign	foreign	ADJ
ftr-384	85	6	subsidiary	subsidiary	NOUN
ftr-384	85	7	is	be	AUX
ftr-384	85	8	in	in	ADP
ftr-384	85	9	a	a	DET
ftr-384	85	10	low	low	ADJ
ftr-384	85	11	-	-	PUNCT
ftr-384	85	12	tax	tax	NOUN
ftr-384	85	13	country	country	NOUN
ftr-384	85	14	,	,	PUNCT
ftr-384	85	15	the	the	DET
ftr-384	85	16	decision	decision	NOUN
ftr-384	85	17	whether	whether	SCONJ
ftr-384	85	18	earnings	earning	NOUN
ftr-384	85	19	should	should	AUX
ftr-384	85	20	be	be	AUX
ftr-384	85	21	retained	retain	VERB
ftr-384	85	22	will	will	AUX
ftr-384	85	23	depend	depend	VERB
ftr-384	85	24	on	on	ADP
ftr-384	85	25	whether	whether	SCONJ
ftr-384	85	26	the	the	DET
ftr-384	85	27	after	after	ADP
ftr-384	85	28	-	-	PUNCT
ftr-384	85	29	tax	tax	NOUN
ftr-384	85	30	return	return	NOUN
ftr-384	85	31	from	from	ADP
ftr-384	85	32	retention	retention	NOUN
ftr-384	85	33	will	will	AUX
ftr-384	85	34	be	be	AUX
ftr-384	85	35	higher	high	ADJ
ftr-384	85	36	than	than	ADP
ftr-384	85	37	the	the	DET
ftr-384	85	38	after	after	ADP
ftr-384	85	39	-	-	PUNCT
ftr-384	85	40	tax	tax	NOUN
ftr-384	85	41	return	return	NOUN
ftr-384	85	42	available	available	ADJ
ftr-384	85	43	from	from	ADP
ftr-384	85	44	an	an	DET
ftr-384	85	45	identical	identical	ADJ
ftr-384	85	46	investment	investment	NOUN
ftr-384	85	47	in	in	ADP
ftr-384	85	48	the	the	DET
ftr-384	85	49	u.s	u.s	PROPN
ftr-384	85	50	.	.	PROPN
ftr-384	85	51	the	the	DET
ftr-384	85	52	amount	amount	NOUN
ftr-384	85	53	of	of	ADP
ftr-384	85	54	a	a	DET
ftr-384	85	55	permanent	permanent	ADJ
ftr-384	85	56	tax	tax	NOUN
ftr-384	85	57	that	that	PRON
ftr-384	85	58	will	will	AUX
ftr-384	85	59	be	be	AUX
ftr-384	85	60	assessed	assess	VERB
ftr-384	85	61	on	on	ADP
ftr-384	85	62	the	the	DET
ftr-384	85	63	dividend	dividend	NOUN
ftr-384	85	64	repatriating	repatriate	VERB
ftr-384	85	65	the	the	DET
ftr-384	85	66	earnings	earning	NOUN
ftr-384	85	67	will	will	AUX
ftr-384	85	68	not	not	PART
ftr-384	85	69	affect	affect	VERB
ftr-384	85	70	the	the	DET
ftr-384	85	71	decision	decision	NOUN
ftr-384	85	72	to	to	PART
ftr-384	85	73	retain	retain	VERB
ftr-384	85	74	the	the	DET
ftr-384	85	75	earnings	earning	NOUN
ftr-384	85	76	.	.	PUNCT
ftr-384	86	1	in	in	ADP
ftr-384	86	2	contrast	contrast	NOUN
ftr-384	86	3	,	,	PUNCT
ftr-384	86	4	under	under	ADP
ftr-384	86	5	the	the	DET
ftr-384	86	6	traditional	traditional	ADJ
ftr-384	86	7	view	view	NOUN
ftr-384	86	8	,	,	PUNCT
ftr-384	86	9	eliminating	eliminate	VERB
ftr-384	86	10	a	a	DET
ftr-384	86	11	tax	tax	NOUN
ftr-384	86	12	on	on	ADP
ftr-384	86	13	dividends	dividend	NOUN
ftr-384	86	14	should	should	AUX
ftr-384	86	15	increase	increase	VERB
ftr-384	86	16	dividend	dividend	NOUN
ftr-384	86	17	payments	payment	NOUN
ftr-384	86	18	.	.	PUNCT
ftr-384	86	19	'	'	PUNCT
ftr-384	87	1	8	8	NUM
ftr-384	87	2	the	the	DET
ftr-384	87	3	traditional	traditional	ADJ
ftr-384	87	4	view	view	NOUN
ftr-384	87	5	of	of	ADP
ftr-384	87	6	dividends	dividend	NOUN
ftr-384	87	7	posits	posit	NOUN
ftr-384	87	8	that	that	SCONJ
ftr-384	87	9	a	a	DET
ftr-384	87	10	tax	tax	NOUN
ftr-384	87	11	on	on	ADP
ftr-384	87	12	dividends	dividend	NOUN
ftr-384	87	13	affects	affect	VERB
ftr-384	87	14	the	the	DET
ftr-384	87	15	amount	amount	NOUN
ftr-384	87	16	of	of	ADP
ftr-384	87	17	dividends	dividend	NOUN
ftr-384	87	18	paid	pay	VERB
ftr-384	87	19	.	.	PUNCT
ftr-384	88	1	it	it	PRON
ftr-384	88	2	theorizes	theorize	VERB
ftr-384	88	3	that	that	SCONJ
ftr-384	88	4	corporations	corporation	NOUN
ftr-384	88	5	pay	pay	VERB
ftr-384	88	6	dividends	dividend	NOUN
ftr-384	88	7	despite	despite	SCONJ
ftr-384	88	8	the	the	DET
ftr-384	88	9	tax	tax	NOUN
ftr-384	88	10	burden	burden	NOUN
ftr-384	88	11	because	because	SCONJ
ftr-384	88	12	dividends	dividend	NOUN
ftr-384	88	13	confer	confer	VERB
ftr-384	88	14	benefits	benefit	NOUN
ftr-384	88	15	to	to	ADP
ftr-384	88	16	stockholders	stockholder	NOUN
ftr-384	88	17	,	,	PUNCT
ftr-384	88	18	such	such	ADJ
ftr-384	88	19	as	as	ADP
ftr-384	88	20	reduced	reduce	VERB
ftr-384	88	21	agency	agency	NOUN
ftr-384	88	22	costs	cost	NOUN
ftr-384	88	23	,	,	PUNCT
ftr-384	88	24	in	in	ADP
ftr-384	88	25	addition	addition	NOUN
ftr-384	88	26	to	to	ADP
ftr-384	88	27	the	the	DET
ftr-384	88	28	actual	actual	ADJ
ftr-384	88	29	15	15	NUM
ftr-384	88	30	.	.	PUNCT
ftr-384	89	1	david	david	PROPN
ftr-384	89	2	hartman	hartman	PROPN
ftr-384	89	3	borrowed	borrow	VERB
ftr-384	89	4	learning	learning	NOUN
ftr-384	89	5	from	from	ADP
ftr-384	89	6	the	the	DET
ftr-384	89	7	new	new	ADJ
ftr-384	89	8	view	view	NOUN
ftr-384	89	9	ofdividends	ofdividend	NOUN
ftr-384	89	10	,	,	PUNCT
ftr-384	89	11	which	which	PRON
ftr-384	89	12	had	have	AUX
ftr-384	89	13	previously	previously	ADV
ftr-384	89	14	been	be	AUX
ftr-384	89	15	applied	apply	VERB
ftr-384	89	16	to	to	ADP
ftr-384	89	17	domestic	domestic	ADJ
ftr-384	89	18	dividends	dividend	NOUN
ftr-384	89	19	,	,	PUNCT
ftr-384	89	20	to	to	PART
ftr-384	89	21	argue	argue	VERB
ftr-384	89	22	that	that	SCONJ
ftr-384	89	23	a	a	DET
ftr-384	89	24	permanent	permanent	ADJ
ftr-384	89	25	tax	tax	NOUN
ftr-384	89	26	on	on	ADP
ftr-384	89	27	repatriation	repatriation	NOUN
ftr-384	89	28	should	should	AUX
ftr-384	89	29	not	not	PART
ftr-384	89	30	in	in	ADP
ftr-384	89	31	theory	theory	NOUN
ftr-384	89	32	affect	affect	VERB
ftr-384	89	33	a	a	DET
ftr-384	89	34	mature	mature	ADJ
ftr-384	89	35	foreign	foreign	ADJ
ftr-384	89	36	subsidiary	subsidiary	NOUN
ftr-384	89	37	's	's	PART
ftr-384	89	38	decision	decision	NOUN
ftr-384	89	39	to	to	PART
ftr-384	89	40	retain	retain	VERB
ftr-384	89	41	earnings	earning	NOUN
ftr-384	89	42	since	since	SCONJ
ftr-384	89	43	the	the	DET
ftr-384	89	44	earnings	earning	NOUN
ftr-384	89	45	are	be	AUX
ftr-384	89	46	"	"	PUNCT
ftr-384	89	47	trapped	trap	VERB
ftr-384	89	48	,	,	PUNCT
ftr-384	89	49	"	"	PUNCT
ftr-384	89	50	i.e.	i.e.	X
ftr-384	89	51	the	the	DET
ftr-384	89	52	earnings	earning	NOUN
ftr-384	89	53	will	will	AUX
ftr-384	89	54	inevitably	inevitably	ADV
ftr-384	89	55	be	be	AUX
ftr-384	89	56	subject	subject	ADJ
ftr-384	89	57	to	to	ADP
ftr-384	89	58	a	a	DET
ftr-384	89	59	dividend	dividend	NOUN
ftr-384	89	60	tax	tax	NOUN
ftr-384	89	61	when	when	SCONJ
ftr-384	89	62	paid	pay	VERB
ftr-384	89	63	.	.	PUNCT
ftr-384	90	1	david	david	PROPN
ftr-384	90	2	g.	g.	PROPN
ftr-384	90	3	hartman	hartman	PROPN
ftr-384	90	4	,	,	PUNCT
ftr-384	90	5	tax	tax	NOUN
ftr-384	90	6	policy	policy	NOUN
ftr-384	90	7	and	and	CCONJ
ftr-384	90	8	foreign	foreign	ADJ
ftr-384	90	9	direct	direct	ADJ
ftr-384	90	10	investment	investment	NOUN
ftr-384	90	11	,	,	PUNCT
ftr-384	90	12	26	26	NUM
ftr-384	90	13	j.	j.	NOUN
ftr-384	90	14	of	of	ADP
ftr-384	90	15	pub	pub	PROPN
ftr-384	90	16	.	.	PUNCT
ftr-384	91	1	econ	econ	PROPN
ftr-384	91	2	.	.	PUNCT
ftr-384	92	1	107	107	NUM
ftr-384	92	2	,	,	PUNCT
ftr-384	92	3	115	115	NUM
ftr-384	92	4	-	-	SYM
ftr-384	92	5	16	16	NUM
ftr-384	92	6	(	(	PUNCT
ftr-384	92	7	1984	1984	NUM
ftr-384	92	8	)	)	PUNCT
ftr-384	92	9	.	.	PUNCT
ftr-384	93	1	see	see	VERB
ftr-384	93	2	j.	j.	PROPN
ftr-384	93	3	clifton	clifton	PROPN
ftr-384	93	4	fleming	fleming	PROPN
ftr-384	93	5	.	.	PUNCT
ftr-384	94	1	jr	jr	PROPN
ftr-384	94	2	.	.	PROPN
ftr-384	94	3	,	,	PUNCT
ftr-384	94	4	robert	robert	PROPN
ftr-384	94	5	j.	j.	PROPN
ftr-384	94	6	peroni	peroni	PROPN
ftr-384	94	7	,	,	PUNCT
ftr-384	94	8	&	&	CCONJ
ftr-384	94	9	stephen	stephen	PROPN
ftr-384	94	10	e.	e.	PROPN
ftr-384	94	11	shay	shay	PROPN
ftr-384	94	12	,	,	PUNCT
ftr-384	94	13	fairness	fairness	NOUN
ftr-384	94	14	in	in	ADP
ftr-384	94	15	international	international	ADJ
ftr-384	94	16	taxation	taxation	NOUN
ftr-384	94	17	:	:	PUNCT
ftr-384	94	18	the	the	DET
ftr-384	94	19	ability	ability	NOUN
ftr-384	94	20	-	-	PUNCT
ftr-384	94	21	to	to	ADP
ftr-384	94	22	-	-	PUNCT
ftr-384	94	23	pay	pay	VERB
ftr-384	94	24	case	case	NOUN
ftr-384	94	25	for	for	ADP
ftr-384	94	26	taxing	tax	VERB
ftr-384	94	27	worldwide	worldwide	ADJ
ftr-384	94	28	income	income	NOUN
ftr-384	94	29	,	,	PUNCT
ftr-384	94	30	5	5	NUM
ftr-384	94	31	fla	fla	NOUN
ftr-384	94	32	.	.	PUNCT
ftr-384	95	1	tax	tax	PROPN
ftr-384	95	2	rev	rev	PROPN
ftr-384	95	3	.	.	PROPN
ftr-384	95	4	299	299	NUM
ftr-384	95	5	,	,	PUNCT
ftr-384	95	6	304	304	NUM
ftr-384	95	7	n.10	n.10	ADP
ftr-384	95	8	(	(	PUNCT
ftr-384	95	9	2001	2001	NUM
ftr-384	95	10	)	)	PUNCT
ftr-384	95	11	for	for	ADP
ftr-384	95	12	an	an	DET
ftr-384	95	13	excellent	excellent	ADJ
ftr-384	95	14	discussion	discussion	NOUN
ftr-384	95	15	of	of	ADP
ftr-384	95	16	some	some	DET
ftr-384	95	17	ofthe	ofthe	ADJ
ftr-384	95	18	nuances	nuance	NOUN
ftr-384	95	19	of	of	ADP
ftr-384	95	20	hartman	hartman	PROPN
ftr-384	95	21	's	's	PART
ftr-384	95	22	analysis	analysis	NOUN
ftr-384	95	23	.	.	PUNCT
ftr-384	96	1	see	see	AUX
ftr-384	96	2	also	also	ADV
ftr-384	96	3	dept	dept	VERB
ftr-384	96	4	.	.	PROPN
ftr-384	97	1	of	of	ADP
ftr-384	97	2	the	the	DET
ftr-384	97	3	treasury	treasury	NOUN
ftr-384	97	4	,	,	PUNCT
ftr-384	97	5	integration	integration	NOUN
ftr-384	97	6	of	of	ADP
ftr-384	97	7	individual	individual	ADJ
ftr-384	97	8	and	and	CCONJ
ftr-384	97	9	corporate	corporate	ADJ
ftr-384	97	10	tax	tax	NOUN
ftr-384	97	11	systems	system	NOUN
ftr-384	97	12	:	:	PUNCT
ftr-384	97	13	taxing	tax	VERB
ftr-384	97	14	business	business	NOUN
ftr-384	97	15	income	income	NOUN
ftr-384	97	16	once	once	ADV
ftr-384	97	17	,	,	PUNCT
ftr-384	97	18	ch	ch	PROPN
ftr-384	97	19	.	.	PROPN
ftr-384	97	20	13	13	NUM
ftr-384	97	21	pp	pp	NOUN
ftr-384	97	22	.	.	PUNCT
ftr-384	98	1	116	116	NUM
ftr-384	98	2	-	-	SYM
ftr-384	98	3	18	18	NUM
ftr-384	98	4	(	(	PUNCT
ftr-384	98	5	1992	1992	NUM
ftr-384	98	6	)	)	PUNCT
ftr-384	98	7	for	for	ADP
ftr-384	98	8	analysis	analysis	NOUN
ftr-384	98	9	of	of	ADP
ftr-384	98	10	the	the	DET
ftr-384	98	11	new	new	ADJ
ftr-384	98	12	view	view	NOUN
ftr-384	98	13	in	in	ADP
ftr-384	98	14	the	the	DET
ftr-384	98	15	context	context	NOUN
ftr-384	98	16	of	of	ADP
ftr-384	98	17	domestic	domestic	ADJ
ftr-384	98	18	tax	tax	NOUN
ftr-384	98	19	policy	policy	NOUN
ftr-384	98	20	.	.	PUNCT
ftr-384	99	1	for	for	ADP
ftr-384	99	2	a	a	DET
ftr-384	99	3	discussion	discussion	NOUN
ftr-384	99	4	of	of	ADP
ftr-384	99	5	the	the	DET
ftr-384	99	6	new	new	ADJ
ftr-384	99	7	view	view	NOUN
ftr-384	99	8	's	's	PART
ftr-384	99	9	perspective	perspective	NOUN
ftr-384	99	10	on	on	ADP
ftr-384	99	11	how	how	SCONJ
ftr-384	99	12	dividend	dividend	NOUN
ftr-384	99	13	taxation	taxation	NOUN
ftr-384	99	14	affects	affect	VERB
ftr-384	99	15	the	the	DET
ftr-384	99	16	decision	decision	NOUN
ftr-384	99	17	to	to	PART
ftr-384	99	18	transfer	transfer	VERB
ftr-384	99	19	new	new	ADJ
ftr-384	99	20	capital	capital	NOUN
ftr-384	99	21	to	to	ADP
ftr-384	99	22	a	a	DET
ftr-384	99	23	foreign	foreign	ADJ
ftr-384	99	24	subsidiary	subsidiary	NOUN
ftr-384	99	25	,	,	PUNCT
ftr-384	99	26	see	see	VERB
ftr-384	99	27	infra	infra	NOUN
ftr-384	99	28	text	text	NOUN
ftr-384	99	29	accompanying	accompanying	ADJ
ftr-384	99	30	notes	note	NOUN
ftr-384	99	31	23	23	NUM
ftr-384	99	32	-	-	SYM
ftr-384	99	33	26	26	NUM
ftr-384	99	34	.	.	PUNCT
ftr-384	100	1	16	16	NUM
ftr-384	100	2	.	.	PUNCT
ftr-384	101	1	hartman	hartman	PROPN
ftr-384	101	2	,	,	PUNCT
ftr-384	101	3	supra	supra	PROPN
ftr-384	101	4	note	note	PROPN
ftr-384	101	5	15	15	NUM
ftr-384	101	6	,	,	PUNCT
ftr-384	101	7	at	at	ADP
ftr-384	101	8	115	115	NUM
ftr-384	101	9	-	-	SYM
ftr-384	101	10	16	16	NUM
ftr-384	101	11	.	.	PUNCT
ftr-384	102	1	17	17	NUM
ftr-384	102	2	.	.	PUNCT
ftr-384	103	1	i	i	PRON
ftr-384	103	2	d.	d.	PROPN
ftr-384	103	3	at	at	ADP
ftr-384	103	4	116	116	NUM
ftr-384	103	5	-	-	SYM
ftr-384	103	6	17	17	NUM
ftr-384	103	7	.	.	PUNCT
ftr-384	103	8	18	18	NUM
ftr-384	103	9	.	.	PUNCT
ftr-384	104	1	see	see	VERB
ftr-384	104	2	e.g.	e.g.	ADV
ftr-384	104	3	george	george	PROPN
ftr-384	104	4	r.	r.	PROPN
ftr-384	104	5	zodrow	zodrow	PROPN
ftr-384	104	6	,	,	PUNCT
ftr-384	104	7	on	on	ADP
ftr-384	104	8	the	the	DET
ftr-384	104	9	"	"	PUNCT
ftr-384	104	10	traditional	traditional	ADJ
ftr-384	104	11	"	"	PUNCT
ftr-384	104	12	and	and	CCONJ
ftr-384	104	13	"	"	PUNCT
ftr-384	104	14	new	new	ADJ
ftr-384	104	15	"	"	PUNCT
ftr-384	104	16	views	view	NOUN
ftr-384	104	17	of	of	ADP
ftr-384	104	18	dividend	dividend	NOUN
ftr-384	104	19	taxation	taxation	NOUN
ftr-384	104	20	,	,	PUNCT
ftr-384	104	21	44	44	NUM
ftr-384	104	22	nat'l	nat'l	PROPN
ftr-384	104	23	tax	tax	NOUN
ftr-384	104	24	j.	j.	PROPN
ftr-384	104	25	497	497	NUM
ftr-384	104	26	,	,	PUNCT
ftr-384	104	27	503	503	NUM
ftr-384	104	28	(	(	PUNCT
ftr-384	104	29	1991	1991	NUM
ftr-384	104	30	)	)	PUNCT
ftr-384	104	31	.	.	PUNCT
ftr-384	105	1	for	for	ADP
ftr-384	105	2	a	a	DET
ftr-384	105	3	discussion	discussion	NOUN
ftr-384	105	4	of	of	ADP
ftr-384	105	5	the	the	DET
ftr-384	105	6	traditional	traditional	ADJ
ftr-384	105	7	view	view	NOUN
ftr-384	105	8	's	's	PART
ftr-384	105	9	perspective	perspective	NOUN
ftr-384	105	10	on	on	ADP
ftr-384	105	11	the	the	DET
ftr-384	105	12	impact	impact	NOUN
ftr-384	105	13	of	of	ADP
ftr-384	105	14	dividend	dividend	NOUN
ftr-384	105	15	taxation	taxation	NOUN
ftr-384	105	16	on	on	ADP
ftr-384	105	17	capital	capital	NOUN
ftr-384	105	18	contributions	contribution	NOUN
ftr-384	105	19	to	to	ADP
ftr-384	105	20	a	a	DET
ftr-384	105	21	foreign	foreign	ADJ
ftr-384	105	22	subsidiary	subsidiary	NOUN
ftr-384	105	23	,	,	PUNCT
ftr-384	105	24	see	see	VERB
ftr-384	105	25	infra	infra	NOUN
ftr-384	105	26	text	text	NOUN
ftr-384	105	27	accompanying	accompanying	ADJ
ftr-384	105	28	notes	note	NOUN
ftr-384	105	29	23	23	NUM
ftr-384	105	30	-	-	SYM
ftr-384	105	31	26	26	NUM
ftr-384	105	32	.	.	PUNCT
ftr-384	106	1	20071	20071	NUM
ftr-384	106	2	florida	florida	PROPN
ftr-384	106	3	tax	tax	NOUN
ftr-384	106	4	review	review	NOUN
ftr-384	106	5	dollar	dollar	NOUN
ftr-384	106	6	amount	amount	NOUN
ftr-384	106	7	paid	pay	VERB
ftr-384	106	8	.	.	PUNCT
ftr-384	107	1	'9	'9	ADJ
ftr-384	107	2	lower	low	ADJ
ftr-384	107	3	taxes	taxis	NOUN
ftr-384	107	4	should	should	AUX
ftr-384	107	5	result	result	VERB
ftr-384	107	6	in	in	ADP
ftr-384	107	7	higher	high	ADJ
ftr-384	107	8	dividend	dividend	NOUN
ftr-384	107	9	payouts	payout	NOUN
ftr-384	107	10	under	under	ADP
ftr-384	107	11	the	the	DET
ftr-384	107	12	traditional	traditional	ADJ
ftr-384	107	13	view	view	NOUN
ftr-384	107	14	because	because	SCONJ
ftr-384	107	15	the	the	DET
ftr-384	107	16	after	after	ADP
ftr-384	107	17	-	-	PUNCT
ftr-384	107	18	tax	tax	NOUN
ftr-384	107	19	value	value	NOUN
ftr-384	107	20	of	of	ADP
ftr-384	107	21	the	the	DET
ftr-384	107	22	dividend	dividend	NOUN
ftr-384	107	23	will	will	AUX
ftr-384	107	24	have	have	VERB
ftr-384	107	25	increased.2	increased.2	NOUN
ftr-384	107	26	"	"	PUNCT
ftr-384	107	27	the	the	DET
ftr-384	107	28	empirical	empirical	ADJ
ftr-384	107	29	evidence	evidence	NOUN
ftr-384	107	30	is	be	AUX
ftr-384	107	31	mixed	mix	VERB
ftr-384	107	32	as	as	ADP
ftr-384	107	33	to	to	AUX
ftr-384	107	34	which	which	DET
ftr-384	107	35	theory	theory	NOUN
ftr-384	107	36	provides	provide	VERB
ftr-384	107	37	a	a	DET
ftr-384	107	38	better	well	ADJ
ftr-384	107	39	explanation	explanation	NOUN
ftr-384	107	40	of	of	ADP
ftr-384	107	41	reality	reality	NOUN
ftr-384	107	42	,	,	PUNCT
ftr-384	107	43	but	but	CCONJ
ftr-384	107	44	recent	recent	ADJ
ftr-384	107	45	studies	study	NOUN
ftr-384	107	46	suggest	suggest	VERB
ftr-384	107	47	that	that	SCONJ
ftr-384	107	48	dividend	dividend	NOUN
ftr-384	107	49	taxes	taxis	NOUN
ftr-384	107	50	affect	affect	VERB
ftr-384	107	51	distributions	distribution	NOUN
ftr-384	107	52	by	by	ADP
ftr-384	107	53	foreign	foreign	ADJ
ftr-384	107	54	subsidiaries.2	subsidiaries.2	NOUN
ftr-384	107	55	consequently	consequently	ADV
ftr-384	107	56	,	,	PUNCT
ftr-384	107	57	it	it	PRON
ftr-384	107	58	seems	seem	VERB
ftr-384	107	59	at	at	ADV
ftr-384	107	60	least	least	ADJ
ftr-384	107	61	plausible	plausible	ADJ
ftr-384	107	62	that	that	SCONJ
ftr-384	107	63	a	a	DET
ftr-384	107	64	territorial	territorial	ADJ
ftr-384	107	65	system	system	NOUN
ftr-384	107	66	would	would	AUX
ftr-384	107	67	encourage	encourage	VERB
ftr-384	107	68	more	more	ADJ
ftr-384	107	69	dividend	dividend	NOUN
ftr-384	107	70	payments	payment	NOUN
ftr-384	107	71	by	by	ADP
ftr-384	107	72	foreign	foreign	ADJ
ftr-384	107	73	subsidiaries	subsidiary	NOUN
ftr-384	107	74	to	to	ADP
ftr-384	107	75	their	their	PRON
ftr-384	107	76	u.s	u.s	PROPN
ftr-384	107	77	.	.	PROPN
ftr-384	107	78	parents	parent	NOUN
ftr-384	107	79	.	.	PUNCT
ftr-384	108	1	this	this	PRON
ftr-384	108	2	does	do	AUX
ftr-384	108	3	not	not	PART
ftr-384	108	4	mean	mean	VERB
ftr-384	108	5	,	,	PUNCT
ftr-384	108	6	however	however	ADV
ftr-384	108	7	,	,	PUNCT
ftr-384	108	8	that	that	SCONJ
ftr-384	108	9	eliminating	eliminate	VERB
ftr-384	108	10	the	the	DET
ftr-384	108	11	tax	tax	NOUN
ftr-384	108	12	on	on	ADP
ftr-384	108	13	dividends	dividend	NOUN
ftr-384	108	14	would	would	AUX
ftr-384	108	15	necessarily	necessarily	ADV
ftr-384	108	16	increase	increase	VERB
ftr-384	108	17	domestic	domestic	ADJ
ftr-384	108	18	investment	investment	NOUN
ftr-384	108	19	.	.	PUNCT
ftr-384	109	1	increased	increase	VERB
ftr-384	109	2	dividends	dividend	NOUN
ftr-384	109	3	from	from	ADP
ftr-384	109	4	foreign	foreign	ADJ
ftr-384	109	5	subsidiaries	subsidiary	NOUN
ftr-384	109	6	may	may	AUX
ftr-384	109	7	subsequently	subsequently	ADV
ftr-384	109	8	be	be	AUX
ftr-384	109	9	invested	invest	VERB
ftr-384	109	10	in	in	ADP
ftr-384	109	11	low	low	ADJ
ftr-384	109	12	-	-	PUNCT
ftr-384	109	13	tax	tax	NOUN
ftr-384	109	14	countries	country	NOUN
ftr-384	109	15	.	.	PUNCT
ftr-384	110	1	adopting	adopt	VERB
ftr-384	110	2	a	a	DET
ftr-384	110	3	territorial	territorial	ADJ
ftr-384	110	4	tax	tax	NOUN
ftr-384	110	5	will	will	AUX
ftr-384	110	6	in	in	ADP
ftr-384	110	7	theory	theory	NOUN
ftr-384	110	8	create	create	VERB
ftr-384	110	9	an	an	DET
ftr-384	110	10	incentive	incentive	NOUN
ftr-384	110	11	for	for	SCONJ
ftr-384	110	12	u.s	u.s	PROPN
ftr-384	110	13	.	.	PROPN
ftr-384	110	14	corporations	corporation	NOUN
ftr-384	110	15	to	to	PART
ftr-384	110	16	transfer	transfer	VERB
ftr-384	110	17	new	new	ADJ
ftr-384	110	18	investment	investment	NOUN
ftr-384	110	19	to	to	ADP
ftr-384	110	20	low	low	ADJ
ftr-384	110	21	-	-	PUNCT
ftr-384	110	22	tax	tax	NOUN
ftr-384	110	23	countries	country	NOUN
ftr-384	110	24	since	since	SCONJ
ftr-384	110	25	the	the	DET
ftr-384	110	26	return	return	NOUN
ftr-384	110	27	on	on	ADP
ftr-384	110	28	such	such	ADJ
ftr-384	110	29	investment	investment	NOUN
ftr-384	110	30	would	would	AUX
ftr-384	110	31	now	now	ADV
ftr-384	110	32	be	be	AUX
ftr-384	110	33	subject	subject	ADJ
ftr-384	110	34	to	to	ADP
ftr-384	110	35	lower	low	ADJ
ftr-384	110	36	rates.22	rates.22	NOUN
ftr-384	110	37	since	since	SCONJ
ftr-384	110	38	the	the	DET
ftr-384	110	39	tax	tax	NOUN
ftr-384	110	40	rate	rate	NOUN
ftr-384	110	41	in	in	ADP
ftr-384	110	42	the	the	DET
ftr-384	110	43	u.s	u.s	PROPN
ftr-384	110	44	.	.	PROPN
ftr-384	110	45	would	would	AUX
ftr-384	110	46	exceed	exceed	VERB
ftr-384	110	47	the	the	DET
ftr-384	110	48	rate	rate	NOUN
ftr-384	110	49	in	in	ADP
ftr-384	110	50	the	the	DET
ftr-384	110	51	low	low	ADJ
ftr-384	110	52	-	-	PUNCT
ftr-384	110	53	tax	tax	NOUN
ftr-384	110	54	country	country	NOUN
ftr-384	110	55	,	,	PUNCT
ftr-384	110	56	the	the	DET
ftr-384	110	57	pre	pre	ADJ
ftr-384	110	58	-	-	ADJ
ftr-384	110	59	tax	tax	ADJ
ftr-384	110	60	rate	rate	NOUN
ftr-384	110	61	of	of	ADP
ftr-384	110	62	return	return	NOUN
ftr-384	110	63	on	on	ADP
ftr-384	110	64	investment	investment	NOUN
ftr-384	110	65	in	in	ADP
ftr-384	110	66	the	the	DET
ftr-384	110	67	u.s	u.s	PROPN
ftr-384	110	68	.	.	PROPN
ftr-384	110	69	would	would	AUX
ftr-384	110	70	have	have	VERB
ftr-384	110	71	to	to	PART
ftr-384	110	72	exceed	exceed	VERB
ftr-384	110	73	the	the	DET
ftr-384	110	74	pre	pre	ADJ
ftr-384	110	75	-	-	ADJ
ftr-384	110	76	tax	tax	ADJ
ftr-384	110	77	return	return	NOUN
ftr-384	110	78	in	in	ADP
ftr-384	110	79	the	the	DET
ftr-384	110	80	low	low	ADJ
ftr-384	110	81	-	-	PUNCT
ftr-384	110	82	tax	tax	NOUN
ftr-384	110	83	country	country	NOUN
ftr-384	110	84	to	to	PART
ftr-384	110	85	keep	keep	VERB
ftr-384	110	86	investment	investment	NOUN
ftr-384	110	87	in	in	ADP
ftr-384	110	88	the	the	DET
ftr-384	110	89	u.s	u.s	PROPN
ftr-384	110	90	.	.	PROPN
ftr-384	110	91	this	this	DET
ftr-384	110	92	incentive	incentive	NOUN
ftr-384	110	93	that	that	PRON
ftr-384	110	94	a	a	DET
ftr-384	110	95	territorial	territorial	ADJ
ftr-384	110	96	tax	tax	NOUN
ftr-384	110	97	will	will	AUX
ftr-384	110	98	create	create	VERB
ftr-384	110	99	to	to	PART
ftr-384	110	100	transfer	transfer	VERB
ftr-384	110	101	new	new	ADJ
ftr-384	110	102	capital	capital	NOUN
ftr-384	110	103	to	to	ADP
ftr-384	110	104	low	low	ADJ
ftr-384	110	105	-	-	PUNCT
ftr-384	110	106	tax	tax	NOUN
ftr-384	110	107	countries	country	NOUN
ftr-384	110	108	exists	exist	VERB
ftr-384	110	109	regardless	regardless	ADV
ftr-384	110	110	of	of	ADP
ftr-384	110	111	whether	whether	SCONJ
ftr-384	110	112	the	the	DET
ftr-384	110	113	new	new	ADJ
ftr-384	110	114	view	view	NOUN
ftr-384	110	115	or	or	CCONJ
ftr-384	110	116	traditional	traditional	ADJ
ftr-384	110	117	view	view	NOUN
ftr-384	110	118	of	of	ADP
ftr-384	110	119	dividends	dividend	NOUN
ftr-384	110	120	applies	apply	VERB
ftr-384	110	121	.	.	PUNCT
ftr-384	111	1	although	although	SCONJ
ftr-384	111	2	the	the	DET
ftr-384	111	3	new	new	ADJ
ftr-384	111	4	view	view	NOUN
ftr-384	111	5	posits	posit	NOUN
ftr-384	111	6	that	that	SCONJ
ftr-384	111	7	a	a	DET
ftr-384	111	8	tax	tax	NOUN
ftr-384	111	9	on	on	ADP
ftr-384	111	10	dividends	dividend	NOUN
ftr-384	111	11	is	be	AUX
ftr-384	111	12	irrelevant	irrelevant	ADJ
ftr-384	111	13	to	to	ADP
ftr-384	111	14	a	a	DET
ftr-384	111	15	decision	decision	NOUN
ftr-384	111	16	to	to	PART
ftr-384	111	17	retain	retain	VERB
ftr-384	111	18	or	or	CCONJ
ftr-384	111	19	distribute	distribute	VERB
ftr-384	111	20	earnings	earning	NOUN
ftr-384	111	21	,	,	PUNCT
ftr-384	111	22	23	23	NUM
ftr-384	111	23	the	the	DET
ftr-384	111	24	new	new	ADJ
ftr-384	111	25	19	19	NUM
ftr-384	111	26	.	.	PROPN
ftr-384	111	27	zodrow	zodrow	NOUN
ftr-384	111	28	,	,	PUNCT
ftr-384	111	29	supra	supra	PROPN
ftr-384	111	30	note	note	PROPN
ftr-384	111	31	18	18	NUM
ftr-384	111	32	,	,	PUNCT
ftr-384	111	33	at	at	ADP
ftr-384	111	34	497	497	NUM
ftr-384	111	35	,	,	PUNCT
ftr-384	111	36	503	503	NUM
ftr-384	111	37	.	.	NOUN
ftr-384	111	38	20	20	NUM
ftr-384	111	39	.	.	PUNCT
ftr-384	112	1	i	i	PRON
ftr-384	112	2	d.	d.	PROPN
ftr-384	112	3	21	21	NUM
ftr-384	112	4	.	.	PUNCT
ftr-384	113	1	for	for	ADP
ftr-384	113	2	a	a	DET
ftr-384	113	3	summary	summary	NOUN
ftr-384	113	4	of	of	ADP
ftr-384	113	5	the	the	DET
ftr-384	113	6	literature	literature	NOUN
ftr-384	113	7	supporting	support	VERB
ftr-384	113	8	the	the	DET
ftr-384	113	9	applicability	applicability	NOUN
ftr-384	113	10	of	of	ADP
ftr-384	113	11	the	the	DET
ftr-384	113	12	traditional	traditional	ADJ
ftr-384	113	13	view	view	NOUN
ftr-384	113	14	to	to	PART
ftr-384	113	15	dividend	dividend	VERB
ftr-384	113	16	payments	payment	NOUN
ftr-384	113	17	by	by	ADP
ftr-384	113	18	foreign	foreign	ADJ
ftr-384	113	19	subsidiaries	subsidiary	NOUN
ftr-384	113	20	,	,	PUNCT
ftr-384	113	21	see	see	VERB
ftr-384	113	22	harry	harry	PROPN
ftr-384	113	23	grubert	grubert	PROPN
ftr-384	113	24	,	,	PUNCT
ftr-384	113	25	comment	comment	NOUN
ftr-384	113	26	on	on	ADP
ftr-384	113	27	desai	desai	PROPN
ftr-384	113	28	and	and	CCONJ
ftr-384	113	29	hines	hine	NOUN
ftr-384	113	30	,	,	PUNCT
ftr-384	113	31	"	"	PUNCT
ftr-384	113	32	old	old	ADJ
ftr-384	113	33	rules	rule	NOUN
ftr-384	113	34	and	and	CCONJ
ftr-384	113	35	new	new	ADJ
ftr-384	113	36	realities	reality	NOUN
ftr-384	113	37	:	:	PUNCT
ftr-384	113	38	corporate	corporate	ADJ
ftr-384	113	39	tax	tax	NOUN
ftr-384	113	40	policy	policy	NOUN
ftr-384	113	41	in	in	ADP
ftr-384	113	42	a	a	DET
ftr-384	113	43	global	global	ADJ
ftr-384	113	44	setting	setting	NOUN
ftr-384	113	45	"	"	PUNCT
ftr-384	113	46	,	,	PUNCT
ftr-384	113	47	58	58	NUM
ftr-384	113	48	nat'l	nat'l	NOUN
ftr-384	113	49	tax	tax	NOUN
ftr-384	113	50	j.	j.	PROPN
ftr-384	113	51	263	263	NUM
ftr-384	113	52	,	,	PUNCT
ftr-384	113	53	267	267	NUM
ftr-384	113	54	-	-	SYM
ftr-384	113	55	268	268	NUM
ftr-384	113	56	(	(	PUNCT
ftr-384	113	57	2005	2005	NUM
ftr-384	113	58	)	)	PUNCT
ftr-384	113	59	.	.	PUNCT
ftr-384	114	1	it	it	PRON
ftr-384	114	2	should	should	AUX
ftr-384	114	3	be	be	AUX
ftr-384	114	4	noted	note	VERB
ftr-384	114	5	that	that	SCONJ
ftr-384	114	6	the	the	DET
ftr-384	114	7	empirical	empirical	ADJ
ftr-384	114	8	evidence	evidence	NOUN
ftr-384	114	9	that	that	SCONJ
ftr-384	114	10	taxation	taxation	NOUN
ftr-384	114	11	affects	affect	VERB
ftr-384	114	12	dividends	dividend	NOUN
ftr-384	114	13	does	do	AUX
ftr-384	114	14	not	not	PART
ftr-384	114	15	mean	mean	VERB
ftr-384	114	16	that	that	SCONJ
ftr-384	114	17	the	the	DET
ftr-384	114	18	new	new	ADJ
ftr-384	114	19	view	view	NOUN
ftr-384	114	20	is	be	AUX
ftr-384	114	21	incorrect	incorrect	ADJ
ftr-384	114	22	.	.	PUNCT
ftr-384	115	1	that	that	DET
ftr-384	115	2	evidence	evidence	NOUN
ftr-384	115	3	is	be	AUX
ftr-384	115	4	also	also	ADV
ftr-384	115	5	consistent	consistent	ADJ
ftr-384	115	6	with	with	ADP
ftr-384	115	7	the	the	DET
ftr-384	115	8	new	new	ADJ
ftr-384	115	9	view	view	NOUN
ftr-384	115	10	because	because	SCONJ
ftr-384	115	11	the	the	DET
ftr-384	115	12	new	new	ADJ
ftr-384	115	13	view	view	NOUN
ftr-384	115	14	posits	posit	NOUN
ftr-384	115	15	that	that	SCONJ
ftr-384	115	16	only	only	ADV
ftr-384	115	17	permanent	permanent	ADJ
ftr-384	115	18	taxes	taxis	NOUN
ftr-384	115	19	on	on	ADP
ftr-384	115	20	dividends	dividend	NOUN
ftr-384	115	21	are	be	AUX
ftr-384	115	22	irrelevant	irrelevant	ADJ
ftr-384	115	23	.	.	PUNCT
ftr-384	116	1	see	see	VERB
ftr-384	116	2	rosanne	rosanne	NOUN
ftr-384	116	3	altshuler	altshuler	NOUN
ftr-384	116	4	,	,	PUNCT
ftr-384	116	5	t.	t.	PROPN
ftr-384	116	6	scottnewlon	scottnewlon	PROPN
ftr-384	116	7	&	&	CCONJ
ftr-384	116	8	william	william	PROPN
ftr-384	116	9	c.	c.	PROPN
ftr-384	116	10	randolph	randolph	PROPN
ftr-384	116	11	,	,	PUNCT
ftr-384	116	12	do	do	AUX
ftr-384	116	13	repatriation	repatriation	NOUN
ftr-384	116	14	taxes	taxis	NOUN
ftr-384	116	15	matter	matter	VERB
ftr-384	116	16	?	?	PUNCT
ftr-384	117	1	evidence	evidence	NOUN
ftr-384	117	2	from	from	ADP
ftr-384	117	3	the	the	DET
ftr-384	117	4	tax	tax	NOUN
ftr-384	117	5	returns	return	NOUN
ftr-384	117	6	of	of	ADP
ftr-384	117	7	u.s	u.s	PROPN
ftr-384	117	8	.	.	PROPN
ftr-384	117	9	multinationals	multinational	NOUN
ftr-384	117	10	,	,	PUNCT
ftr-384	117	11	in	in	ADP
ftr-384	117	12	the	the	DET
ftr-384	117	13	effects	effect	NOUN
ftr-384	117	14	of	of	ADP
ftr-384	117	15	taxation	taxation	NOUN
ftr-384	117	16	on	on	ADP
ftr-384	117	17	multinational	multinational	ADJ
ftr-384	117	18	corporations	corporation	NOUN
ftr-384	117	19	253	253	NUM
ftr-384	117	20	,	,	PUNCT
ftr-384	117	21	256	256	NUM
ftr-384	117	22	(	(	PUNCT
ftr-384	117	23	martin	martin	PROPN
ftr-384	117	24	feldstein	feldstein	PROPN
ftr-384	117	25	,	,	PUNCT
ftr-384	117	26	james	james	PROPN
ftr-384	117	27	r.	r.	PROPN
ftr-384	117	28	hines	hines	PROPN
ftr-384	117	29	jr	jr	PROPN
ftr-384	117	30	.	.	PROPN
ftr-384	117	31	&	&	CCONJ
ftr-384	117	32	r.	r.	PROPN
ftr-384	117	33	glenn	glenn	PROPN
ftr-384	117	34	hubbard	hubbard	PROPN
ftr-384	117	35	eds	eds	PROPN
ftr-384	117	36	.	.	PROPN
ftr-384	117	37	,	,	PUNCT
ftr-384	117	38	1995	1995	NUM
ftr-384	117	39	)	)	PUNCT
ftr-384	117	40	.	.	PUNCT
ftr-384	118	1	if	if	SCONJ
ftr-384	118	2	corporations	corporation	NOUN
ftr-384	118	3	expect	expect	VERB
ftr-384	118	4	tax	tax	NOUN
ftr-384	118	5	rates	rate	NOUN
ftr-384	118	6	to	to	PART
ftr-384	118	7	change	change	VERB
ftr-384	118	8	,	,	PUNCT
ftr-384	118	9	the	the	DET
ftr-384	118	10	new	new	ADJ
ftr-384	118	11	view	view	NOUN
ftr-384	118	12	predicts	predict	VERB
ftr-384	118	13	that	that	SCONJ
ftr-384	118	14	tax	tax	NOUN
ftr-384	118	15	rates	rate	NOUN
ftr-384	118	16	become	become	VERB
ftr-384	118	17	relevant	relevant	ADJ
ftr-384	118	18	in	in	ADP
ftr-384	118	19	deciding	decide	VERB
ftr-384	118	20	when	when	SCONJ
ftr-384	118	21	to	to	PART
ftr-384	118	22	pay	pay	VERB
ftr-384	118	23	dividends	dividend	NOUN
ftr-384	118	24	because	because	SCONJ
ftr-384	118	25	payments	payment	NOUN
ftr-384	118	26	should	should	AUX
ftr-384	118	27	be	be	AUX
ftr-384	118	28	timed	time	VERB
ftr-384	118	29	to	to	PART
ftr-384	118	30	take	take	VERB
ftr-384	118	31	advantage	advantage	NOUN
ftr-384	118	32	of	of	ADP
ftr-384	118	33	low	low	ADJ
ftr-384	118	34	rates	rate	NOUN
ftr-384	118	35	.	.	PUNCT
ftr-384	119	1	thus	thus	ADV
ftr-384	119	2	,	,	PUNCT
ftr-384	119	3	the	the	DET
ftr-384	119	4	empirical	empirical	ADJ
ftr-384	119	5	results	result	NOUN
ftr-384	119	6	may	may	AUX
ftr-384	119	7	simply	simply	ADV
ftr-384	119	8	reflect	reflect	VERB
ftr-384	119	9	the	the	DET
ftr-384	119	10	frequency	frequency	NOUN
ftr-384	119	11	of	of	ADP
ftr-384	119	12	statutory	statutory	ADJ
ftr-384	119	13	rate	rate	NOUN
ftr-384	119	14	changes	change	NOUN
ftr-384	119	15	in	in	ADP
ftr-384	119	16	the	the	DET
ftr-384	119	17	u.s	u.s	PROPN
ftr-384	119	18	.	.	PROPN
ftr-384	119	19	and	and	CCONJ
ftr-384	119	20	the	the	DET
ftr-384	119	21	ability	ability	NOUN
ftr-384	119	22	of	of	ADP
ftr-384	119	23	corporations	corporation	NOUN
ftr-384	119	24	to	to	AUX
ftr-384	119	25	time	time	NOUN
ftr-384	119	26	dividend	dividend	NOUN
ftr-384	119	27	payments	payment	NOUN
ftr-384	119	28	so	so	SCONJ
ftr-384	119	29	that	that	SCONJ
ftr-384	119	30	they	they	PRON
ftr-384	119	31	will	will	AUX
ftr-384	119	32	occur	occur	VERB
ftr-384	119	33	in	in	ADP
ftr-384	119	34	periods	period	NOUN
ftr-384	119	35	when	when	SCONJ
ftr-384	119	36	effective	effective	ADJ
ftr-384	119	37	tax	tax	NOUN
ftr-384	119	38	rates	rate	NOUN
ftr-384	119	39	are	be	AUX
ftr-384	119	40	low	low	ADJ
ftr-384	119	41	as	as	ADP
ftr-384	119	42	a	a	DET
ftr-384	119	43	result	result	NOUN
ftr-384	119	44	of	of	ADP
ftr-384	119	45	effective	effective	ADJ
ftr-384	119	46	tax	tax	NOUN
ftr-384	119	47	planning	planning	NOUN
ftr-384	119	48	.	.	PUNCT
ftr-384	120	1	22	22	NUM
ftr-384	120	2	.	.	PUNCT
ftr-384	120	3	see	see	VERB
ftr-384	120	4	e.g.	e.g.	ADV
ftr-384	120	5	j.	j.	PROPN
ftr-384	120	6	clifton	clifton	PROPN
ftr-384	120	7	fleming	fleming	PROPN
ftr-384	120	8	jr	jr	PROPN
ftr-384	120	9	.	.	PROPN
ftr-384	120	10	&	&	CCONJ
ftr-384	120	11	robert	robert	PROPN
ftr-384	120	12	j.	j.	PROPN
ftr-384	120	13	peroni	peroni	PROPN
ftr-384	120	14	,	,	PUNCT
ftr-384	120	15	exploring	explore	VERB
ftr-384	120	16	the	the	DET
ftr-384	120	17	contours	contours	NOUN
ftr-384	120	18	of	of	ADP
ftr-384	120	19	a	a	DET
ftr-384	120	20	proposed	propose	VERB
ftr-384	120	21	u.s	u.s	PROPN
ftr-384	120	22	.	.	PROPN
ftr-384	120	23	exemption	exemption	NOUN
ftr-384	120	24	(	(	PUNCT
ftr-384	120	25	territorial	territorial	ADJ
ftr-384	120	26	)	)	PUNCT
ftr-384	120	27	system	system	NOUN
ftr-384	120	28	,	,	PUNCT
ftr-384	120	29	109	109	NUM
ftr-384	120	30	tax	tax	NOUN
ftr-384	120	31	notes	note	NOUN
ftr-384	120	32	1557	1557	NUM
ftr-384	120	33	,	,	PUNCT
ftr-384	120	34	109	109	NUM
ftr-384	120	35	tax	tax	NOUN
ftr-384	120	36	notes	note	NOUN
ftr-384	120	37	1557	1557	NUM
ftr-384	120	38	,	,	PUNCT
ftr-384	120	39	1570	1570	NUM
ftr-384	120	40	(	(	PUNCT
ftr-384	120	41	dec	dec	PROPN
ftr-384	120	42	.	.	PROPN
ftr-384	120	43	19	19	NUM
ftr-384	120	44	,	,	PUNCT
ftr-384	120	45	2005	2005	NUM
ftr-384	120	46	)	)	PUNCT
ftr-384	120	47	;	;	PUNCT
ftr-384	120	48	staff	staff	NOUN
ftr-384	120	49	ofjoint	ofjoint	NOUN
ftr-384	120	50	comm	comm	NOUN
ftr-384	120	51	.	.	PUNCT
ftr-384	121	1	on	on	ADP
ftr-384	121	2	taxation	taxation	NOUN
ftr-384	121	3	,	,	PUNCT
ftr-384	121	4	106th	106th	ADJ
ftr-384	121	5	cong	cong	NOUN
ftr-384	121	6	.	.	PUNCT
ftr-384	121	7	,	,	PUNCT
ftr-384	121	8	1st	1st	ADJ
ftr-384	121	9	sess	sess	NOUN
ftr-384	121	10	.	.	PUNCT
ftr-384	121	11	,	,	PUNCT
ftr-384	121	12	description	description	NOUN
ftr-384	121	13	and	and	CCONJ
ftr-384	121	14	analysis	analysis	NOUN
ftr-384	121	15	of	of	ADP
ftr-384	121	16	present	present	ADJ
ftr-384	121	17	-	-	PUNCT
ftr-384	121	18	law	law	NOUN
ftr-384	121	19	rules	rule	NOUN
ftr-384	121	20	relating	relate	VERB
ftr-384	121	21	to	to	ADP
ftr-384	121	22	international	international	ADJ
ftr-384	121	23	taxation	taxation	NOUN
ftr-384	121	24	,	,	PUNCT
ftr-384	121	25	at	at	ADP
ftr-384	121	26	75	75	NUM
ftr-384	121	27	(	(	PUNCT
ftr-384	121	28	comm	comm	NOUN
ftr-384	121	29	.	.	PUNCT
ftr-384	122	1	print	print	NOUN
ftr-384	122	2	1999	1999	NUM
ftr-384	122	3	)	)	PUNCT
ftr-384	122	4	.	.	PUNCT
ftr-384	123	1	23	23	NUM
ftr-384	123	2	.	.	PUNCT
ftr-384	124	1	see	see	VERB
ftr-384	124	2	hartman	hartman	PROPN
ftr-384	124	3	,	,	PUNCT
ftr-384	124	4	supra	supra	PROPN
ftr-384	124	5	note	note	PROPN
ftr-384	124	6	15	15	NUM
ftr-384	124	7	,	,	PUNCT
ftr-384	124	8	at	at	ADP
ftr-384	124	9	115	115	NUM
ftr-384	124	10	,	,	PUNCT
ftr-384	124	11	116	116	NUM
ftr-384	124	12	-	-	SYM
ftr-384	124	13	17	17	NUM
ftr-384	124	14	.	.	PUNCT
ftr-384	125	1	[	[	X
ftr-384	125	2	vol	vol	NOUN
ftr-384	125	3	.	.	PUNCT
ftr-384	125	4	8:3	8:3	NUM
ftr-384	125	5	will	will	AUX
ftr-384	125	6	us	we	PRON
ftr-384	125	7	.	.	PUNCT
ftr-384	126	1	investment	investment	NOUN
ftr-384	126	2	go	go	VERB
ftr-384	126	3	abroad	abroad	ADV
ftr-384	126	4	in	in	ADP
ftr-384	126	5	a	a	DET
ftr-384	126	6	territorial	territorial	ADJ
ftr-384	126	7	tax	tax	NOUN
ftr-384	126	8	view	view	NOUN
ftr-384	126	9	,	,	PUNCT
ftr-384	126	10	like	like	ADP
ftr-384	126	11	the	the	DET
ftr-384	126	12	traditional	traditional	ADJ
ftr-384	126	13	view	view	NOUN
ftr-384	126	14	of	of	ADP
ftr-384	126	15	dividends	dividend	NOUN
ftr-384	126	16	,	,	PUNCT
ftr-384	126	17	considers	consider	VERB
ftr-384	126	18	a	a	DET
ftr-384	126	19	tax	tax	NOUN
ftr-384	126	20	on	on	ADP
ftr-384	126	21	dividends	dividend	NOUN
ftr-384	126	22	to	to	PART
ftr-384	126	23	be	be	AUX
ftr-384	126	24	relevant	relevant	ADJ
ftr-384	126	25	to	to	ADP
ftr-384	126	26	the	the	DET
ftr-384	126	27	decision	decision	NOUN
ftr-384	126	28	whether	whether	SCONJ
ftr-384	126	29	new	new	ADJ
ftr-384	126	30	capital	capital	NOUN
ftr-384	126	31	should	should	AUX
ftr-384	126	32	be	be	AUX
ftr-384	126	33	invested	invest	VERB
ftr-384	126	34	in	in	ADP
ftr-384	126	35	a	a	DET
ftr-384	126	36	foreign	foreign	ADJ
ftr-384	126	37	subsidiary.24	subsidiary.24	NOUN
ftr-384	126	38	this	this	PRON
ftr-384	126	39	occurs	occur	VERB
ftr-384	126	40	because	because	SCONJ
ftr-384	126	41	the	the	DET
ftr-384	126	42	value	value	NOUN
ftr-384	126	43	of	of	ADP
ftr-384	126	44	equity	equity	NOUN
ftr-384	126	45	received	receive	VERB
ftr-384	126	46	for	for	ADP
ftr-384	126	47	the	the	DET
ftr-384	126	48	capital	capital	NOUN
ftr-384	126	49	transfer	transfer	NOUN
ftr-384	126	50	is	be	AUX
ftr-384	126	51	directly	directly	ADV
ftr-384	126	52	related	relate	VERB
ftr-384	126	53	to	to	ADP
ftr-384	126	54	the	the	DET
ftr-384	126	55	tax	tax	NOUN
ftr-384	126	56	assessed	assess	VERB
ftr-384	126	57	on	on	ADP
ftr-384	126	58	repatriation	repatriation	NOUN
ftr-384	126	59	of	of	ADP
ftr-384	126	60	the	the	DET
ftr-384	126	61	subsidiary	subsidiary	NOUN
ftr-384	126	62	's	's	PART
ftr-384	126	63	earnings.25	earnings.25	ADJ
ftr-384	126	64	the	the	DET
ftr-384	126	65	value	value	NOUN
ftr-384	126	66	of	of	ADP
ftr-384	126	67	the	the	DET
ftr-384	126	68	investment	investment	NOUN
ftr-384	126	69	in	in	ADP
ftr-384	126	70	the	the	DET
ftr-384	126	71	subsidiary	subsidiary	NOUN
ftr-384	126	72	is	be	AUX
ftr-384	126	73	the	the	DET
ftr-384	126	74	discounted	discount	VERB
ftr-384	126	75	present	present	ADJ
ftr-384	126	76	value	value	NOUN
ftr-384	126	77	of	of	ADP
ftr-384	126	78	the	the	DET
ftr-384	126	79	subsidiary	subsidiary	NOUN
ftr-384	126	80	's	's	PART
ftr-384	126	81	expected	expect	VERB
ftr-384	126	82	after	after	ADP
ftr-384	126	83	-	-	PUNCT
ftr-384	126	84	tax	tax	NOUN
ftr-384	126	85	income	income	NOUN
ftr-384	126	86	stream	stream	NOUN
ftr-384	126	87	.	.	PUNCT
ftr-384	127	1	thus	thus	ADV
ftr-384	127	2	,	,	PUNCT
ftr-384	127	3	the	the	PRON
ftr-384	127	4	lower	low	ADJ
ftr-384	127	5	the	the	DET
ftr-384	127	6	tax	tax	NOUN
ftr-384	127	7	assessed	assess	VERB
ftr-384	127	8	on	on	ADP
ftr-384	127	9	the	the	DET
ftr-384	127	10	repatriation	repatriation	NOUN
ftr-384	127	11	is	be	AUX
ftr-384	127	12	,	,	PUNCT
ftr-384	127	13	the	the	PRON
ftr-384	127	14	greater	great	ADJ
ftr-384	127	15	the	the	DET
ftr-384	127	16	value	value	NOUN
ftr-384	127	17	of	of	ADP
ftr-384	127	18	the	the	DET
ftr-384	127	19	investment	investment	NOUN
ftr-384	127	20	will	will	AUX
ftr-384	127	21	be.26	be.26	VERB
ftr-384	127	22	the	the	DET
ftr-384	127	23	adoption	adoption	NOUN
ftr-384	127	24	of	of	ADP
ftr-384	127	25	an	an	DET
ftr-384	127	26	exemption	exemption	NOUN
ftr-384	127	27	system	system	NOUN
ftr-384	127	28	will	will	AUX
ftr-384	127	29	increase	increase	VERB
ftr-384	127	30	the	the	DET
ftr-384	127	31	expected	expect	VERB
ftr-384	127	32	return	return	NOUN
ftr-384	127	33	from	from	ADP
ftr-384	127	34	capital	capital	NOUN
ftr-384	127	35	transfers	transfer	NOUN
ftr-384	127	36	to	to	ADP
ftr-384	127	37	foreign	foreign	ADJ
ftr-384	127	38	subsidiaries	subsidiary	NOUN
ftr-384	127	39	in	in	ADP
ftr-384	127	40	low	low	ADJ
ftr-384	127	41	-	-	PUNCT
ftr-384	127	42	tax	tax	NOUN
ftr-384	127	43	countries	country	NOUN
ftr-384	127	44	and	and	CCONJ
ftr-384	127	45	as	as	ADP
ftr-384	127	46	a	a	DET
ftr-384	127	47	result	result	NOUN
ftr-384	127	48	would	would	AUX
ftr-384	127	49	encourage	encourage	VERB
ftr-384	127	50	new	new	ADJ
ftr-384	127	51	investment	investment	NOUN
ftr-384	127	52	,	,	PUNCT
ftr-384	127	53	all	all	DET
ftr-384	127	54	other	other	ADJ
ftr-384	127	55	factors	factor	NOUN
ftr-384	127	56	remaining	remain	VERB
ftr-384	127	57	the	the	DET
ftr-384	127	58	same	same	ADJ
ftr-384	127	59	.	.	PUNCT
ftr-384	128	1	similarly	similarly	ADV
ftr-384	128	2	,	,	PUNCT
ftr-384	128	3	an	an	DET
ftr-384	128	4	exemption	exemption	NOUN
ftr-384	128	5	system	system	NOUN
ftr-384	128	6	will	will	AUX
ftr-384	128	7	encourage	encourage	VERB
ftr-384	128	8	increased	increased	ADJ
ftr-384	128	9	investment	investment	NOUN
ftr-384	128	10	in	in	ADP
ftr-384	128	11	branches	branch	NOUN
ftr-384	128	12	located	locate	VERB
ftr-384	128	13	in	in	ADP
ftr-384	128	14	low	low	ADJ
ftr-384	128	15	-	-	PUNCT
ftr-384	128	16	tax	tax	NOUN
ftr-384	128	17	countries	country	NOUN
ftr-384	128	18	since	since	SCONJ
ftr-384	128	19	the	the	DET
ftr-384	128	20	retum	retum	NOUN
ftr-384	128	21	on	on	ADP
ftr-384	128	22	such	such	ADJ
ftr-384	128	23	investment	investment	NOUN
ftr-384	128	24	would	would	AUX
ftr-384	128	25	only	only	ADV
ftr-384	128	26	be	be	AUX
ftr-384	128	27	subject	subject	ADJ
ftr-384	128	28	to	to	ADP
ftr-384	128	29	the	the	DET
ftr-384	128	30	low	low	ADJ
ftr-384	128	31	tax	tax	NOUN
ftr-384	128	32	rate	rate	NOUN
ftr-384	128	33	.	.	PUNCT
ftr-384	129	1	clearly	clearly	ADV
ftr-384	129	2	,	,	PUNCT
ftr-384	129	3	the	the	DET
ftr-384	129	4	effects	effect	NOUN
ftr-384	129	5	of	of	ADP
ftr-384	129	6	a	a	DET
ftr-384	129	7	territorial	territorial	ADJ
ftr-384	129	8	tax	tax	NOUN
ftr-384	129	9	on	on	ADP
ftr-384	129	10	investment	investment	NOUN
ftr-384	129	11	have	have	VERB
ftr-384	129	12	to	to	PART
ftr-384	129	13	be	be	AUX
ftr-384	129	14	viewed	view	VERB
ftr-384	129	15	as	as	ADP
ftr-384	129	16	part	part	NOUN
ftr-384	129	17	of	of	ADP
ftr-384	129	18	a	a	DET
ftr-384	129	19	larger	large	ADJ
ftr-384	129	20	picture	picture	NOUN
ftr-384	129	21	.	.	PUNCT
ftr-384	130	1	it	it	PRON
ftr-384	130	2	is	be	AUX
ftr-384	130	3	not	not	PART
ftr-384	130	4	sufficient	sufficient	ADJ
ftr-384	130	5	to	to	PART
ftr-384	130	6	merely	merely	ADV
ftr-384	130	7	observe	observe	VERB
ftr-384	130	8	that	that	SCONJ
ftr-384	130	9	a	a	DET
ftr-384	130	10	territorial	territorial	ADJ
ftr-384	130	11	tax	tax	NOUN
ftr-384	130	12	will	will	AUX
ftr-384	130	13	increase	increase	VERB
ftr-384	130	14	dividends	dividend	NOUN
ftr-384	130	15	from	from	ADP
ftr-384	130	16	subsidiaries	subsidiary	NOUN
ftr-384	130	17	in	in	ADP
ftr-384	130	18	low	low	ADJ
ftr-384	130	19	-	-	PUNCT
ftr-384	130	20	tax	tax	NOUN
ftr-384	130	21	countries	country	NOUN
ftr-384	130	22	.	.	PUNCT
ftr-384	131	1	any	any	DET
ftr-384	131	2	benefits	benefit	NOUN
ftr-384	131	3	that	that	PRON
ftr-384	131	4	are	be	AUX
ftr-384	131	5	actually	actually	ADV
ftr-384	131	6	generated	generate	VERB
ftr-384	131	7	by	by	ADP
ftr-384	131	8	a	a	DET
ftr-384	131	9	territorial	territorial	ADJ
ftr-384	131	10	tax	tax	NOUN
ftr-384	131	11	may	may	AUX
ftr-384	131	12	be	be	AUX
ftr-384	131	13	offset	offset	VERB
ftr-384	131	14	by	by	ADP
ftr-384	131	15	an	an	DET
ftr-384	131	16	increase	increase	NOUN
ftr-384	131	17	in	in	ADP
ftr-384	131	18	the	the	DET
ftr-384	131	19	excess	excess	ADJ
ftr-384	131	20	burden	burden	NOUN
ftr-384	131	21	on	on	ADP
ftr-384	131	22	domestic	domestic	ADJ
ftr-384	131	23	production	production	NOUN
ftr-384	131	24	because	because	SCONJ
ftr-384	131	25	of	of	ADP
ftr-384	131	26	the	the	DET
ftr-384	131	27	incentive	incentive	NOUN
ftr-384	131	28	created	create	VERB
ftr-384	131	29	for	for	ADP
ftr-384	131	30	overseas	overseas	ADJ
ftr-384	131	31	investment	investment	NOUN
ftr-384	131	32	.	.	PUNCT
ftr-384	132	1	similarly	similarly	ADV
ftr-384	132	2	,	,	PUNCT
ftr-384	132	3	the	the	DET
ftr-384	132	4	goal	goal	NOUN
ftr-384	132	5	of	of	ADP
ftr-384	132	6	increasing	increase	VERB
ftr-384	132	7	the	the	DET
ftr-384	132	8	competitiveness	competitiveness	NOUN
ftr-384	132	9	of	of	ADP
ftr-384	132	10	multinationals	multinational	NOUN
ftr-384	132	11	in	in	ADP
ftr-384	132	12	low	low	ADJ
ftr-384	132	13	-	-	PUNCT
ftr-384	132	14	tax	tax	NOUN
ftr-384	132	15	countries	country	NOUN
ftr-384	132	16	by	by	ADP
ftr-384	132	17	adopting	adopt	VERB
ftr-384	132	18	a	a	DET
ftr-384	132	19	territorial	territorial	ADJ
ftr-384	132	20	system	system	NOUN
ftr-384	132	21	is	be	AUX
ftr-384	132	22	not	not	PART
ftr-384	132	23	a	a	DET
ftr-384	132	24	useful	useful	ADJ
ftr-384	132	25	policy	policy	NOUN
ftr-384	132	26	objective	objective	NOUN
ftr-384	132	27	.	.	PUNCT
ftr-384	133	1	it	it	PRON
ftr-384	133	2	is	be	AUX
ftr-384	133	3	always	always	ADV
ftr-384	133	4	possible	possible	ADJ
ftr-384	133	5	to	to	PART
ftr-384	133	6	make	make	VERB
ftr-384	133	7	a	a	DET
ftr-384	133	8	business	business	NOUN
ftr-384	133	9	more	more	ADV
ftr-384	133	10	competitive	competitive	ADJ
ftr-384	133	11	by	by	ADP
ftr-384	133	12	reducing	reduce	VERB
ftr-384	133	13	its	its	PRON
ftr-384	133	14	tax	tax	NOUN
ftr-384	133	15	burden	burden	NOUN
ftr-384	133	16	.	.	PUNCT
ftr-384	134	1	the	the	DET
ftr-384	134	2	picture	picture	NOUN
ftr-384	134	3	is	be	AUX
ftr-384	134	4	only	only	ADV
ftr-384	134	5	complete	complete	ADJ
ftr-384	134	6	when	when	SCONJ
ftr-384	134	7	the	the	DET
ftr-384	134	8	impact	impact	NOUN
ftr-384	134	9	of	of	ADP
ftr-384	134	10	the	the	DET
ftr-384	134	11	tax	tax	NOUN
ftr-384	134	12	preference	preference	NOUN
ftr-384	134	13	on	on	ADP
ftr-384	134	14	other	other	ADJ
ftr-384	134	15	activities	activity	NOUN
ftr-384	134	16	and	and	CCONJ
ftr-384	134	17	welfare	welfare	NOUN
ftr-384	134	18	is	be	AUX
ftr-384	134	19	accounted	account	VERB
ftr-384	134	20	for	for	ADP
ftr-384	134	21	.	.	PUNCT
ftr-384	135	1	to	to	PART
ftr-384	135	2	obtain	obtain	VERB
ftr-384	135	3	a	a	DET
ftr-384	135	4	complete	complete	ADJ
ftr-384	135	5	picture	picture	NOUN
ftr-384	135	6	,	,	PUNCT
ftr-384	135	7	this	this	DET
ftr-384	135	8	article	article	NOUN
ftr-384	135	9	will	will	AUX
ftr-384	135	10	view	view	VERB
ftr-384	135	11	the	the	DET
ftr-384	135	12	report	report	NOUN
ftr-384	135	13	's	's	PART
ftr-384	135	14	proposal	proposal	NOUN
ftr-384	135	15	through	through	ADP
ftr-384	135	16	application	application	NOUN
ftr-384	135	17	of	of	ADP
ftr-384	135	18	traditional	traditional	ADJ
ftr-384	135	19	tax	tax	NOUN
ftr-384	135	20	policy	policy	NOUN
ftr-384	135	21	tools	tool	NOUN
ftr-384	135	22	that	that	PRON
ftr-384	135	23	examine	examine	VERB
ftr-384	135	24	efficiency	efficiency	NOUN
ftr-384	135	25	effects	effect	NOUN
ftr-384	135	26	of	of	ADP
ftr-384	135	27	tax	tax	NOUN
ftr-384	135	28	changes	change	NOUN
ftr-384	135	29	in	in	ADP
ftr-384	135	30	order	order	NOUN
ftr-384	135	31	to	to	PART
ftr-384	135	32	assess	assess	VERB
ftr-384	135	33	possible	possible	ADJ
ftr-384	135	34	welfare	welfare	NOUN
ftr-384	135	35	effects	effect	NOUN
ftr-384	135	36	.	.	PUNCT
ftr-384	136	1	the	the	DET
ftr-384	136	2	debate	debate	NOUN
ftr-384	136	3	about	about	ADP
ftr-384	136	4	efficiency	efficiency	NOUN
ftr-384	136	5	in	in	ADP
ftr-384	136	6	international	international	ADJ
ftr-384	136	7	tax	tax	NOUN
ftr-384	136	8	has	have	AUX
ftr-384	136	9	usually	usually	ADV
ftr-384	136	10	focused	focus	VERB
ftr-384	136	11	on	on	ADP
ftr-384	136	12	concerns	concern	NOUN
ftr-384	136	13	about	about	ADP
ftr-384	136	14	capital	capital	NOUN
ftr-384	136	15	export	export	NOUN
ftr-384	136	16	neutrality	neutrality	NOUN
ftr-384	136	17	and	and	CCONJ
ftr-384	136	18	capital	capital	NOUN
ftr-384	136	19	import	import	PROPN
ftr-384	136	20	neutrality.27	neutrality.27	PROPN
ftr-384	136	21	capital	capital	PROPN
ftr-384	136	22	export	export	NOUN
ftr-384	136	23	neutrality	neutrality	NOUN
ftr-384	136	24	(	(	PUNCT
ftr-384	136	25	"	"	PUNCT
ftr-384	136	26	cen	cen	NOUN
ftr-384	136	27	"	"	PUNCT
ftr-384	136	28	)	)	PUNCT
ftr-384	136	29	requires	require	VERB
ftr-384	136	30	that	that	DET
ftr-384	136	31	income	income	NOUN
ftr-384	136	32	from	from	ADP
ftr-384	136	33	domestic	domestic	ADJ
ftr-384	136	34	and	and	CCONJ
ftr-384	136	35	foreign	foreign	ADJ
ftr-384	136	36	investments	investment	NOUN
ftr-384	136	37	be	be	AUX
ftr-384	136	38	taxed	tax	VERB
ftr-384	136	39	at	at	ADP
ftr-384	136	40	the	the	DET
ftr-384	136	41	same	same	ADJ
ftr-384	136	42	tax	tax	NOUN
ftr-384	136	43	rate	rate	NOUN
ftr-384	136	44	.	.	PUNCT
ftr-384	137	1	implementing	implement	VERB
ftr-384	137	2	cen	cen	NOUN
ftr-384	137	3	would	would	AUX
ftr-384	137	4	require	require	VERB
ftr-384	137	5	that	that	SCONJ
ftr-384	137	6	foreign	foreign	ADJ
ftr-384	137	7	income	income	NOUN
ftr-384	137	8	be	be	AUX
ftr-384	137	9	taxed	tax	VERB
ftr-384	137	10	immediately	immediately	ADV
ftr-384	137	11	(	(	PUNCT
ftr-384	137	12	i.e.	i.e.	X
ftr-384	137	13	there	there	PRON
ftr-384	137	14	would	would	AUX
ftr-384	137	15	be	be	AUX
ftr-384	137	16	no	no	DET
ftr-384	137	17	deferral)28	deferral)28	NOUN
ftr-384	137	18	and	and	CCONJ
ftr-384	137	19	that	that	SCONJ
ftr-384	137	20	there	there	PRON
ftr-384	137	21	be	be	VERB
ftr-384	137	22	an	an	DET
ftr-384	137	23	unlimited	unlimited	ADJ
ftr-384	137	24	foreign	foreign	ADJ
ftr-384	137	25	tax	tax	NOUN
ftr-384	137	26	credit.29	credit.29	NOUN
ftr-384	137	27	capital	capital	NOUN
ftr-384	137	28	import	import	NOUN
ftr-384	137	29	neutrality	neutrality	NOUN
ftr-384	137	30	(	(	PUNCT
ftr-384	137	31	"	"	PUNCT
ftr-384	137	32	cin	cin	PROPN
ftr-384	137	33	"	"	PUNCT
ftr-384	137	34	)	)	PUNCT
ftr-384	137	35	,	,	PUNCT
ftr-384	137	36	which	which	PRON
ftr-384	137	37	24	24	NUM
ftr-384	137	38	.	.	X
ftr-384	137	39	hartman	hartman	PROPN
ftr-384	137	40	,	,	PUNCT
ftr-384	137	41	supra	supra	PROPN
ftr-384	137	42	note	note	PROPN
ftr-384	137	43	15	15	NUM
ftr-384	137	44	,	,	PUNCT
ftr-384	137	45	at	at	ADP
ftr-384	137	46	117	117	NUM
ftr-384	137	47	,	,	PUNCT
ftr-384	137	48	119	119	NUM
ftr-384	137	49	-	-	SYM
ftr-384	137	50	20	20	NUM
ftr-384	137	51	;	;	PUNCT
ftr-384	137	52	zodrow	zodrow	NOUN
ftr-384	137	53	,	,	PUNCT
ftr-384	137	54	supra	supra	PROPN
ftr-384	137	55	note	note	PROPN
ftr-384	137	56	18	18	NUM
ftr-384	137	57	,	,	PUNCT
ftr-384	137	58	at	at	ADP
ftr-384	137	59	497	497	NUM
ftr-384	137	60	and	and	CCONJ
ftr-384	137	61	503	503	NUM
ftr-384	137	62	.	.	NOUN
ftr-384	138	1	25	25	NUM
ftr-384	138	2	.	.	PUNCT
ftr-384	139	1	i	i	PRON
ftr-384	139	2	d.	d.	PROPN
ftr-384	139	3	26	26	NUM
ftr-384	139	4	.	.	PUNCT
ftr-384	140	1	i	i	PRON
ftr-384	140	2	d.	d.	PROPN
ftr-384	140	3	27	27	NUM
ftr-384	140	4	.	.	PUNCT
ftr-384	140	5	see	see	VERB
ftr-384	140	6	e.g.	e.g.	ADV
ftr-384	140	7	michael	michael	PROPN
ftr-384	140	8	j.	j.	PROPN
ftr-384	140	9	graetz	graetz	PROPN
ftr-384	140	10	,	,	PUNCT
ftr-384	140	11	the	the	DET
ftr-384	140	12	david	david	PROPN
ftr-384	140	13	r.	r.	PROPN
ftr-384	140	14	tillinghast	tillinghast	PROPN
ftr-384	140	15	lecture	lecture	PROPN
ftr-384	140	16	:	:	PUNCT
ftr-384	140	17	taxing	tax	VERB
ftr-384	140	18	international	international	ADJ
ftr-384	140	19	income	income	NOUN
ftr-384	140	20	:	:	PUNCT
ftr-384	140	21	inadequate	inadequate	ADJ
ftr-384	140	22	principles	principle	NOUN
ftr-384	140	23	,	,	PUNCT
ftr-384	140	24	outdated	outdated	ADJ
ftr-384	140	25	concepts	concept	NOUN
ftr-384	140	26	,	,	PUNCT
ftr-384	140	27	and	and	CCONJ
ftr-384	140	28	unsatisfactory	unsatisfactory	ADJ
ftr-384	140	29	policies	policy	NOUN
ftr-384	140	30	,	,	PUNCT
ftr-384	140	31	54	54	NUM
ftr-384	140	32	tax	tax	NOUN
ftr-384	140	33	l.	l.	PROPN
ftr-384	140	34	rev	rev	PROPN
ftr-384	140	35	.	.	PROPN
ftr-384	140	36	261	261	NUM
ftr-384	140	37	,	,	PUNCT
ftr-384	140	38	270	270	NUM
ftr-384	140	39	-	-	SYM
ftr-384	140	40	71	71	NUM
ftr-384	140	41	(	(	PUNCT
ftr-384	140	42	2001	2001	NUM
ftr-384	140	43	)	)	PUNCT
ftr-384	140	44	.	.	PUNCT
ftr-384	141	1	28.id	28.id	NUM
ftr-384	141	2	.	.	PUNCT
ftr-384	142	1	at	at	ADP
ftr-384	142	2	271	271	NUM
ftr-384	142	3	;	;	PUNCT
ftr-384	142	4	robert	robert	PROPN
ftr-384	142	5	j.	j.	PROPN
ftr-384	142	6	peroni	peroni	PROPN
ftr-384	142	7	,	,	PUNCT
ftr-384	142	8	back	back	ADV
ftr-384	142	9	to	to	ADP
ftr-384	142	10	the	the	DET
ftr-384	142	11	future	future	NOUN
ftr-384	142	12	:	:	PUNCT
ftr-384	142	13	a	a	DET
ftr-384	142	14	path	path	NOUN
ftr-384	142	15	to	to	ADP
ftr-384	142	16	progressive	progressive	ADJ
ftr-384	142	17	reform	reform	NOUN
ftr-384	142	18	of	of	ADP
ftr-384	142	19	u.s	u.s	PROPN
ftr-384	142	20	.	.	PROPN
ftr-384	142	21	international	international	ADJ
ftr-384	142	22	income	income	NOUN
ftr-384	142	23	tax	tax	NOUN
ftr-384	142	24	rules	rule	NOUN
ftr-384	142	25	,	,	PUNCT
ftr-384	142	26	51	51	NUM
ftr-384	142	27	u.	u.	PROPN
ftr-384	142	28	miami	miami	PROPN
ftr-384	142	29	l.	l.	PROPN
ftr-384	142	30	rev	rev	PROPN
ftr-384	142	31	.	.	PROPN
ftr-384	142	32	975	975	NUM
ftr-384	142	33	,	,	PUNCT
ftr-384	142	34	981(1997	981(1997	NUM
ftr-384	142	35	)	)	PUNCT
ftr-384	142	36	29	29	NUM
ftr-384	142	37	.	.	PUNCT
ftr-384	142	38	see	see	VERB
ftr-384	142	39	e.g.	e.g.	ADV
ftr-384	142	40	graetz	graetz	NOUN
ftr-384	142	41	,	,	PUNCT
ftr-384	142	42	supra	supra	PROPN
ftr-384	142	43	note	note	PROPN
ftr-384	142	44	27	27	NUM
ftr-384	142	45	,	,	PUNCT
ftr-384	142	46	at	at	ADP
ftr-384	142	47	271	271	NUM
ftr-384	142	48	;	;	PUNCT
ftr-384	142	49	stephen	stephen	PROPN
ftr-384	142	50	e.	e.	PROPN
ftr-384	142	51	shay	shay	PROPN
ftr-384	142	52	,	,	PUNCT
ftr-384	142	53	clifton	clifton	PROPN
ftr-384	142	54	fleming	fleming	PROPN
ftr-384	142	55	,	,	PUNCT
ftr-384	142	56	jr	jr	PROPN
ftr-384	142	57	.	.	PROPN
ftr-384	142	58	&	&	CCONJ
ftr-384	142	59	robert	robert	PROPN
ftr-384	142	60	j.	j.	PROPN
ftr-384	142	61	peroni	peroni	PROPN
ftr-384	142	62	,	,	PUNCT
ftr-384	142	63	the	the	DET
ftr-384	142	64	david	david	PROPN
ftr-384	142	65	r.	r.	PROPN
ftr-384	142	66	tillinghast	tillinghast	PROPN
ftr-384	143	1	lecture:"what	lecture:"what	PRON
ftr-384	143	2	's	be	AUX
ftr-384	143	3	source	source	NOUN
ftr-384	143	4	got	get	VERB
ftr-384	143	5	to	to	PART
ftr-384	143	6	do	do	VERB
ftr-384	143	7	with	with	ADP
ftr-384	143	8	it	it	PRON
ftr-384	143	9	?	?	PUNCT
ftr-384	143	10	"	"	PUNCT
ftr-384	143	11	source	source	NOUN
ftr-384	143	12	rules	rule	NOUN
ftr-384	143	13	and	and	CCONJ
ftr-384	143	14	u.s	u.s	PROPN
ftr-384	143	15	.	.	PROPN
ftr-384	143	16	international	international	ADJ
ftr-384	143	17	taxation	taxation	NOUN
ftr-384	143	18	,	,	PUNCT
ftr-384	143	19	56	56	NUM
ftr-384	143	20	tax	tax	NOUN
ftr-384	143	21	l.	l.	PROPN
ftr-384	143	22	rev	rev	PROPN
ftr-384	143	23	.	.	PROPN
ftr-384	143	24	81	81	NUM
ftr-384	143	25	,	,	PUNCT
ftr-384	143	26	108	108	NUM
ftr-384	143	27	(	(	PUNCT
ftr-384	143	28	2002	2002	NUM
ftr-384	143	29	)	)	PUNCT
ftr-384	143	30	.	.	PUNCT
ftr-384	144	1	2007	2007	NUM
ftr-384	144	2	]	]	PUNCT
ftr-384	144	3	florida	florida	PROPN
ftr-384	144	4	tax	tax	NOUN
ftr-384	144	5	review	review	NOUN
ftr-384	144	6	is	be	AUX
ftr-384	144	7	what	what	PRON
ftr-384	144	8	a	a	DET
ftr-384	144	9	territorial	territorial	ADJ
ftr-384	144	10	tax	tax	NOUN
ftr-384	144	11	system	system	NOUN
ftr-384	144	12	would	would	AUX
ftr-384	144	13	seek	seek	VERB
ftr-384	144	14	to	to	PART
ftr-384	144	15	accomplish	accomplish	VERB
ftr-384	144	16	,	,	PUNCT
ftr-384	144	17	requires	require	VERB
ftr-384	144	18	that	that	SCONJ
ftr-384	144	19	investments	investment	NOUN
ftr-384	144	20	in	in	ADP
ftr-384	144	21	foreign	foreign	ADJ
ftr-384	144	22	countries	country	NOUN
ftr-384	144	23	be	be	AUX
ftr-384	144	24	taxed	tax	VERB
ftr-384	144	25	at	at	ADP
ftr-384	144	26	the	the	DET
ftr-384	144	27	same	same	ADJ
ftr-384	144	28	rate	rate	NOUN
ftr-384	144	29	as	as	SCONJ
ftr-384	144	30	the	the	DET
ftr-384	144	31	rate	rate	NOUN
ftr-384	144	32	applied	apply	VERB
ftr-384	144	33	to	to	ADP
ftr-384	144	34	investments	investment	NOUN
ftr-384	144	35	by	by	ADP
ftr-384	144	36	residents	resident	NOUN
ftr-384	144	37	in	in	ADP
ftr-384	144	38	that	that	DET
ftr-384	144	39	country.30	country.30	NOUN
ftr-384	144	40	this	this	PRON
ftr-384	144	41	means	mean	VERB
ftr-384	144	42	that	that	SCONJ
ftr-384	144	43	income	income	NOUN
ftr-384	144	44	earned	earn	VERB
ftr-384	144	45	in	in	ADP
ftr-384	144	46	a	a	DET
ftr-384	144	47	foreign	foreign	ADJ
ftr-384	144	48	country	country	NOUN
ftr-384	144	49	would	would	AUX
ftr-384	144	50	be	be	AUX
ftr-384	144	51	exempt	exempt	ADJ
ftr-384	144	52	in	in	ADP
ftr-384	144	53	the	the	DET
ftr-384	144	54	resident	resident	ADJ
ftr-384	144	55	country	country	NOUN
ftr-384	144	56	.	.	PUNCT
ftr-384	145	1	it	it	PRON
ftr-384	145	2	is	be	AUX
ftr-384	145	3	very	very	ADV
ftr-384	145	4	difficult	difficult	ADJ
ftr-384	145	5	to	to	PART
ftr-384	145	6	achieve	achieve	VERB
ftr-384	145	7	both	both	CCONJ
ftr-384	145	8	cin	cin	PROPN
ftr-384	145	9	and	and	CCONJ
ftr-384	145	10	cen	cen	NOUN
ftr-384	145	11	because	because	SCONJ
ftr-384	145	12	all	all	DET
ftr-384	145	13	residence	residence	NOUN
ftr-384	145	14	and	and	CCONJ
ftr-384	145	15	source	source	NOUN
ftr-384	145	16	countries	country	NOUN
ftr-384	145	17	would	would	AUX
ftr-384	145	18	have	have	VERB
ftr-384	145	19	to	to	PART
ftr-384	145	20	exempt	exempt	VERB
ftr-384	145	21	foreign	foreign	ADJ
ftr-384	145	22	income	income	NOUN
ftr-384	145	23	and	and	CCONJ
ftr-384	145	24	apply	apply	VERB
ftr-384	145	25	the	the	DET
ftr-384	145	26	same	same	ADJ
ftr-384	145	27	tax	tax	NOUN
ftr-384	145	28	rates	rate	NOUN
ftr-384	145	29	to	to	PART
ftr-384	145	30	and	and	CCONJ
ftr-384	145	31	have	have	VERB
ftr-384	145	32	the	the	DET
ftr-384	145	33	same	same	ADJ
ftr-384	145	34	tax	tax	NOUN
ftr-384	145	35	base	base	NOUN
ftr-384	145	36	for	for	ADP
ftr-384	145	37	their	their	PRON
ftr-384	145	38	resident	resident	NOUN
ftr-384	145	39	income.3	income.3	NOUN
ftr-384	145	40	both	both	PRON
ftr-384	145	41	cen	cen	VERB
ftr-384	145	42	and	and	CCONJ
ftr-384	145	43	cin	cin	PROPN
ftr-384	145	44	create	create	VERB
ftr-384	145	45	efficiency	efficiency	NOUN
ftr-384	145	46	distortions	distortion	NOUN
ftr-384	145	47	.	.	PUNCT
ftr-384	146	1	cen	cen	PROPN
ftr-384	146	2	introduces	introduce	VERB
ftr-384	146	3	a	a	DET
ftr-384	146	4	tax	tax	NOUN
ftr-384	146	5	wedge	wedge	NOUN
ftr-384	146	6	between	between	ADP
ftr-384	146	7	savings	saving	NOUN
ftr-384	146	8	and	and	CCONJ
ftr-384	146	9	consumption	consumption	NOUN
ftr-384	146	10	since	since	SCONJ
ftr-384	146	11	savings	saving	NOUN
ftr-384	146	12	are	be	AUX
ftr-384	146	13	taxed	tax	VERB
ftr-384	146	14	in	in	ADP
ftr-384	146	15	an	an	DET
ftr-384	146	16	income	income	NOUN
ftr-384	146	17	tax	tax	NOUN
ftr-384	146	18	more	more	ADV
ftr-384	146	19	heavily	heavily	ADV
ftr-384	146	20	than	than	ADP
ftr-384	146	21	consumption	consumption	NOUN
ftr-384	146	22	,	,	PUNCT
ftr-384	146	23	but	but	CCONJ
ftr-384	146	24	does	do	AUX
ftr-384	146	25	not	not	PART
ftr-384	146	26	drive	drive	VERB
ftr-384	146	27	a	a	DET
ftr-384	146	28	tax	tax	NOUN
ftr-384	146	29	wedge	wedge	NOUN
ftr-384	146	30	between	between	ADP
ftr-384	146	31	domestic	domestic	ADJ
ftr-384	146	32	and	and	CCONJ
ftr-384	146	33	foreign	foreign	ADJ
ftr-384	146	34	investment	investment	NOUN
ftr-384	146	35	since	since	SCONJ
ftr-384	146	36	both	both	PRON
ftr-384	146	37	are	be	AUX
ftr-384	146	38	taxed	tax	VERB
ftr-384	146	39	equally.32	equally.32	ADJ
ftr-384	146	40	in	in	ADP
ftr-384	146	41	contrast	contrast	NOUN
ftr-384	146	42	,	,	PUNCT
ftr-384	146	43	cin	cin	PROPN
ftr-384	146	44	drives	drive	VERB
ftr-384	146	45	a	a	DET
ftr-384	146	46	wedge	wedge	NOUN
ftr-384	146	47	between	between	ADP
ftr-384	146	48	foreign	foreign	ADJ
ftr-384	146	49	and	and	CCONJ
ftr-384	146	50	domestic	domestic	ADJ
ftr-384	146	51	investment	investment	NOUN
ftr-384	146	52	because	because	SCONJ
ftr-384	146	53	the	the	DET
ftr-384	146	54	income	income	NOUN
ftr-384	146	55	thereon	thereon	NOUN
ftr-384	146	56	is	be	AUX
ftr-384	146	57	taxed	tax	VERB
ftr-384	146	58	differently	differently	ADV
ftr-384	146	59	.	.	PUNCT
ftr-384	147	1	cin	cin	PROPN
ftr-384	147	2	does	do	AUX
ftr-384	147	3	not	not	PART
ftr-384	147	4	drive	drive	VERB
ftr-384	147	5	a	a	DET
ftr-384	147	6	wedge	wedge	NOUN
ftr-384	147	7	between	between	ADP
ftr-384	147	8	savings	saving	NOUN
ftr-384	147	9	in	in	ADP
ftr-384	147	10	the	the	DET
ftr-384	147	11	foreign	foreign	ADJ
ftr-384	147	12	country	country	NOUN
ftr-384	147	13	and	and	CCONJ
ftr-384	147	14	consumption	consumption	NOUN
ftr-384	147	15	since	since	SCONJ
ftr-384	147	16	the	the	DET
ftr-384	147	17	return	return	NOUN
ftr-384	147	18	on	on	ADP
ftr-384	147	19	savings	saving	NOUN
ftr-384	147	20	in	in	ADP
ftr-384	147	21	the	the	DET
ftr-384	147	22	foreign	foreign	ADJ
ftr-384	147	23	country	country	NOUN
ftr-384	147	24	is	be	AUX
ftr-384	147	25	not	not	PART
ftr-384	147	26	taxed	tax	VERB
ftr-384	147	27	in	in	ADP
ftr-384	147	28	the	the	DET
ftr-384	147	29	resident	resident	NOUN
ftr-384	147	30	country.33	country.33	NOUN
ftr-384	147	31	the	the	DET
ftr-384	147	32	current	current	ADJ
ftr-384	147	33	u.s	u.s	PROPN
ftr-384	147	34	.	.	PROPN
ftr-384	147	35	system	system	NOUN
ftr-384	147	36	represents	represent	VERB
ftr-384	147	37	a	a	DET
ftr-384	147	38	compromise	compromise	NOUN
ftr-384	147	39	between	between	ADP
ftr-384	147	40	cen	cen	NOUN
ftr-384	147	41	and	and	CCONJ
ftr-384	147	42	cin	cin	PROPN
ftr-384	147	43	.	.	PUNCT
ftr-384	148	1	cen	cen	PROPN
ftr-384	148	2	is	be	AUX
ftr-384	148	3	not	not	PART
ftr-384	148	4	achieved	achieve	VERB
ftr-384	148	5	because	because	SCONJ
ftr-384	148	6	foreign	foreign	ADJ
ftr-384	148	7	income	income	NOUN
ftr-384	148	8	from	from	ADP
ftr-384	148	9	active	active	ADJ
ftr-384	148	10	business	business	NOUN
ftr-384	148	11	operations	operation	NOUN
ftr-384	148	12	is	be	AUX
ftr-384	148	13	not	not	PART
ftr-384	148	14	taxed	tax	VERB
ftr-384	148	15	currently	currently	ADV
ftr-384	148	16	under	under	ADP
ftr-384	148	17	subpart	subpart	PROPN
ftr-384	148	18	f	f	PROPN
ftr-384	148	19	and	and	CCONJ
ftr-384	148	20	the	the	DET
ftr-384	148	21	foreign	foreign	ADJ
ftr-384	148	22	tax	tax	NOUN
ftr-384	148	23	credit	credit	NOUN
ftr-384	148	24	is	be	AUX
ftr-384	148	25	limited?4	limited?4	PROPN
ftr-384	148	26	cin	cin	PROPN
ftr-384	148	27	is	be	AUX
ftr-384	148	28	also	also	ADV
ftr-384	148	29	not	not	PART
ftr-384	148	30	achieved	achieve	VERB
ftr-384	148	31	because	because	SCONJ
ftr-384	148	32	dividends	dividend	NOUN
ftr-384	148	33	from	from	ADP
ftr-384	148	34	foreign	foreign	ADJ
ftr-384	148	35	operations	operation	NOUN
ftr-384	148	36	are	be	AUX
ftr-384	148	37	taxed	tax	VERB
ftr-384	148	38	,	,	PUNCT
ftr-384	148	39	although	although	SCONJ
ftr-384	148	40	deferral	deferral	NOUN
ftr-384	148	41	can	can	AUX
ftr-384	148	42	reduce	reduce	VERB
ftr-384	148	43	significantly	significantly	ADV
ftr-384	148	44	the	the	DET
ftr-384	148	45	effective	effective	ADJ
ftr-384	148	46	rate	rate	NOUN
ftr-384	148	47	of	of	ADP
ftr-384	148	48	tax.35	tax.35	PRON
ftr-384	148	49	a	a	DET
ftr-384	148	50	territorial	territorial	ADJ
ftr-384	148	51	tax	tax	NOUN
ftr-384	148	52	will	will	AUX
ftr-384	148	53	increase	increase	VERB
ftr-384	148	54	the	the	DET
ftr-384	148	55	excess	excess	ADJ
ftr-384	148	56	burden	burden	NOUN
ftr-384	148	57	on	on	ADP
ftr-384	148	58	domestic	domestic	ADJ
ftr-384	148	59	investment	investment	NOUN
ftr-384	148	60	since	since	SCONJ
ftr-384	148	61	it	it	PRON
ftr-384	148	62	will	will	AUX
ftr-384	148	63	increase	increase	VERB
ftr-384	148	64	the	the	DET
ftr-384	148	65	tax	tax	NOUN
ftr-384	148	66	wedge	wedge	NOUN
ftr-384	148	67	between	between	ADP
ftr-384	148	68	domestic	domestic	ADJ
ftr-384	148	69	and	and	CCONJ
ftr-384	148	70	foreign	foreign	ADJ
ftr-384	148	71	investment	investment	NOUN
ftr-384	148	72	,	,	PUNCT
ftr-384	148	73	i.e.	i.e.	X
ftr-384	148	74	it	it	PRON
ftr-384	148	75	will	will	AUX
ftr-384	148	76	increase	increase	VERB
ftr-384	148	77	the	the	DET
ftr-384	148	78	tax	tax	NOUN
ftr-384	148	79	cost	cost	NOUN
ftr-384	148	80	of	of	ADP
ftr-384	148	81	domestic	domestic	ADJ
ftr-384	148	82	production	production	NOUN
ftr-384	148	83	in	in	ADP
ftr-384	148	84	comparison	comparison	NOUN
ftr-384	148	85	to	to	ADP
ftr-384	148	86	foreign	foreign	ADJ
ftr-384	148	87	production.36	production.36	NOUN
ftr-384	148	88	at	at	ADP
ftr-384	148	89	the	the	DET
ftr-384	148	90	same	same	ADJ
ftr-384	148	91	time	time	NOUN
ftr-384	148	92	,	,	PUNCT
ftr-384	148	93	a	a	DET
ftr-384	148	94	territorial	territorial	ADJ
ftr-384	148	95	tax	tax	NOUN
ftr-384	148	96	will	will	AUX
ftr-384	148	97	decrease	decrease	VERB
ftr-384	148	98	the	the	DET
ftr-384	148	99	excess	excess	ADJ
ftr-384	148	100	burden	burden	NOUN
ftr-384	148	101	30	30	NUM
ftr-384	148	102	.	.	PUNCT
ftr-384	149	1	see	see	VERB
ftr-384	149	2	e.g.	e.g.	ADV
ftr-384	149	3	graetz	graetz	NOUN
ftr-384	149	4	,	,	PUNCT
ftr-384	149	5	supra	supra	PROPN
ftr-384	149	6	note	note	PROPN
ftr-384	149	7	27	27	NUM
ftr-384	149	8	,	,	PUNCT
ftr-384	149	9	at	at	ADP
ftr-384	149	10	270	270	NUM
ftr-384	149	11	-	-	SYM
ftr-384	149	12	71	71	NUM
ftr-384	149	13	.	.	PUNCT
ftr-384	150	1	31	31	NUM
ftr-384	150	2	.	.	PUNCT
ftr-384	151	1	see	see	VERB
ftr-384	151	2	e.g.	e.g.	ADV
ftr-384	151	3	graetz	graetz	NOUN
ftr-384	151	4	,	,	PUNCT
ftr-384	151	5	supra	supra	PROPN
ftr-384	151	6	note	note	PROPN
ftr-384	151	7	27	27	NUM
ftr-384	151	8	,	,	PUNCT
ftr-384	151	9	at	at	ADP
ftr-384	151	10	272	272	NUM
ftr-384	151	11	;	;	PUNCT
ftr-384	151	12	joint	joint	ADJ
ftr-384	151	13	comm	comm	NOUN
ftr-384	151	14	.	.	PUNCT
ftr-384	152	1	on	on	ADP
ftr-384	152	2	tax'n	tax'n	NOUN
ftr-384	152	3	,	,	PUNCT
ftr-384	152	4	102d	102d	NUM
ftr-384	152	5	cong	cong	NOUN
ftr-384	152	6	.	.	PUNCT
ftr-384	152	7	,	,	PUNCT
ftr-384	152	8	1st	1st	ADJ
ftr-384	152	9	sess	sess	NOUN
ftr-384	152	10	.	.	PUNCT
ftr-384	153	1	,	,	PUNCT
ftr-384	153	2	factors	factor	NOUN
ftr-384	153	3	affecting	affect	VERB
ftr-384	153	4	the	the	DET
ftr-384	153	5	international	international	ADJ
ftr-384	153	6	competitiveness	competitiveness	NOUN
ftr-384	153	7	of	of	ADP
ftr-384	153	8	the	the	DET
ftr-384	153	9	united	united	PROPN
ftr-384	153	10	states	states	PROPN
ftr-384	153	11	5	5	NUM
ftr-384	153	12	(	(	PUNCT
ftr-384	153	13	comm	comm	NOUN
ftr-384	153	14	.	.	PUNCT
ftr-384	154	1	print	print	NOUN
ftr-384	154	2	1991	1991	NUM
ftr-384	154	3	)	)	PUNCT
ftr-384	154	4	.	.	PUNCT
ftr-384	155	1	32	32	NUM
ftr-384	155	2	.	.	PUNCT
ftr-384	156	1	alberto	alberto	PROPN
ftr-384	156	2	giovannini	giovannini	PROPN
ftr-384	156	3	,	,	PUNCT
ftr-384	156	4	capital	capital	NOUN
ftr-384	156	5	taxation	taxation	NOUN
ftr-384	156	6	,	,	PUNCT
ftr-384	156	7	economic	economic	ADJ
ftr-384	156	8	policy	policy	NOUN
ftr-384	156	9	346	346	NUM
ftr-384	156	10	,	,	PUNCT
ftr-384	156	11	366	366	NUM
ftr-384	156	12	-	-	SYM
ftr-384	156	13	67	67	NUM
ftr-384	156	14	(	(	PUNCT
ftr-384	156	15	oct	oct	PROPN
ftr-384	156	16	.	.	PROPN
ftr-384	156	17	1989	1989	NUM
ftr-384	156	18	)	)	PUNCT
ftr-384	156	19	.	.	PUNCT
ftr-384	157	1	33	33	NUM
ftr-384	157	2	.	.	PUNCT
ftr-384	158	1	i	i	PRON
ftr-384	158	2	d.	d.	PROPN
ftr-384	158	3	see	see	VERB
ftr-384	158	4	graetz	graetz	PROPN
ftr-384	158	5	,	,	PUNCT
ftr-384	158	6	supra	supra	PROPN
ftr-384	158	7	note	note	PROPN
ftr-384	158	8	27	27	NUM
ftr-384	158	9	,	,	PUNCT
ftr-384	158	10	at	at	ADP
ftr-384	158	11	272	272	NUM
ftr-384	158	12	-	-	SYM
ftr-384	158	13	73	73	NUM
ftr-384	158	14	.	.	PUNCT
ftr-384	159	1	34	34	NUM
ftr-384	159	2	.	.	PUNCT
ftr-384	160	1	robert	robert	PROPN
ftr-384	160	2	j.	j.	PROPN
ftr-384	160	3	peroni	peroni	PROPN
ftr-384	160	4	,	,	PUNCT
ftr-384	160	5	supra	supra	PROPN
ftr-384	160	6	note	note	PROPN
ftr-384	160	7	28	28	NUM
ftr-384	160	8	,	,	PUNCT
ftr-384	160	9	at	at	ADP
ftr-384	160	10	975	975	NUM
ftr-384	160	11	,	,	PUNCT
ftr-384	160	12	977	977	NUM
ftr-384	160	13	-	-	SYM
ftr-384	160	14	78	78	NUM
ftr-384	160	15	.	.	PUNCT
ftr-384	160	16	35	35	NUM
ftr-384	160	17	.	.	PUNCT
ftr-384	161	1	i	i	PRON
ftr-384	161	2	d.	d.	PROPN
ftr-384	161	3	36	36	NUM
ftr-384	161	4	.	.	PUNCT
ftr-384	162	1	the	the	DET
ftr-384	162	2	excess	excess	ADJ
ftr-384	162	3	burden	burden	NOUN
ftr-384	162	4	is	be	AUX
ftr-384	162	5	a	a	DET
ftr-384	162	6	function	function	NOUN
ftr-384	162	7	of	of	ADP
ftr-384	162	8	the	the	DET
ftr-384	162	9	elasticity	elasticity	NOUN
ftr-384	162	10	of	of	ADP
ftr-384	162	11	the	the	DET
ftr-384	162	12	compensated	compensate	VERB
ftr-384	162	13	demand	demand	NOUN
ftr-384	162	14	curve	curve	NOUN
ftr-384	162	15	for	for	ADP
ftr-384	162	16	the	the	DET
ftr-384	162	17	item	item	NOUN
ftr-384	162	18	being	be	AUX
ftr-384	162	19	taxed	tax	VERB
ftr-384	162	20	and	and	CCONJ
ftr-384	162	21	the	the	DET
ftr-384	162	22	square	square	NOUN
ftr-384	162	23	of	of	ADP
ftr-384	162	24	the	the	DET
ftr-384	162	25	tax	tax	NOUN
ftr-384	162	26	-	-	PUNCT
ftr-384	162	27	exclusive	exclusive	ADJ
ftr-384	162	28	tax	tax	NOUN
ftr-384	162	29	rate	rate	NOUN
ftr-384	162	30	.	.	PUNCT
ftr-384	163	1	jane	jane	PROPN
ftr-384	163	2	gravelle	gravelle	PROPN
ftr-384	163	3	,	,	PUNCT
ftr-384	163	4	the	the	DET
ftr-384	163	5	economic	economic	ADJ
ftr-384	163	6	effects	effect	NOUN
ftr-384	163	7	of	of	ADP
ftr-384	163	8	taxing	tax	VERB
ftr-384	163	9	capital	capital	NOUN
ftr-384	163	10	income	income	NOUN
ftr-384	163	11	30	30	NUM
ftr-384	163	12	(	(	PUNCT
ftr-384	163	13	1994	1994	NUM
ftr-384	163	14	)	)	PUNCT
ftr-384	163	15	;	;	PUNCT
ftr-384	163	16	john	john	PROPN
ftr-384	163	17	creedy	creedy	PROPN
ftr-384	163	18	,	,	PUNCT
ftr-384	163	19	the	the	DET
ftr-384	163	20	excess	excess	ADJ
ftr-384	163	21	burden	burden	NOUN
ftr-384	163	22	of	of	ADP
ftr-384	163	23	taxation	taxation	NOUN
ftr-384	163	24	and	and	CCONJ
ftr-384	163	25	why	why	SCONJ
ftr-384	163	26	:	:	PUNCT
ftr-384	163	27	it	it	PRON
ftr-384	163	28	(	(	PUNCT
ftr-384	163	29	approximately	approximately	ADV
ftr-384	163	30	)	)	PUNCT
ftr-384	163	31	quadruples	quadruple	VERB
ftr-384	163	32	when	when	SCONJ
ftr-384	163	33	the	the	DET
ftr-384	163	34	tax	tax	NOUN
ftr-384	163	35	rate	rate	NOUN
ftr-384	163	36	doubles	double	VERB
ftr-384	163	37	,	,	PUNCT
ftr-384	163	38	new	new	PROPN
ftr-384	163	39	zealand	zealand	PROPN
ftr-384	163	40	treasury	treasury	PROPN
ftr-384	163	41	working	working	PROPN
ftr-384	163	42	paper	paper	NOUN
ftr-384	164	1	3/29	3/29	NUM
ftr-384	164	2	p.	p.	NOUN
ftr-384	164	3	17	17	NUM
ftr-384	164	4	(	(	PUNCT
ftr-384	164	5	2003	2003	NUM
ftr-384	164	6	)	)	PUNCT
ftr-384	164	7	.	.	PUNCT
ftr-384	165	1	the	the	DET
ftr-384	165	2	elasticity	elasticity	NOUN
ftr-384	165	3	of	of	ADP
ftr-384	165	4	the	the	DET
ftr-384	165	5	demand	demand	NOUN
ftr-384	165	6	curve	curve	NOUN
ftr-384	165	7	is	be	AUX
ftr-384	165	8	in	in	ADP
ftr-384	165	9	turn	turn	NOUN
ftr-384	165	10	a	a	DET
ftr-384	165	11	function	function	NOUN
ftr-384	165	12	of	of	ADP
ftr-384	165	13	the	the	DET
ftr-384	165	14	willingness	willingness	NOUN
ftr-384	165	15	of	of	ADP
ftr-384	165	16	the	the	DET
ftr-384	165	17	taxpayer	taxpayer	NOUN
ftr-384	165	18	to	to	PART
ftr-384	165	19	substitute	substitute	VERB
ftr-384	165	20	another	another	DET
ftr-384	165	21	item	item	NOUN
ftr-384	165	22	for	for	SCONJ
ftr-384	165	23	the	the	DET
ftr-384	165	24	item	item	NOUN
ftr-384	165	25	being	be	AUX
ftr-384	165	26	taxed	tax	VERB
ftr-384	165	27	.	.	PUNCT
ftr-384	166	1	the	the	DET
ftr-384	166	2	less	less	ADV
ftr-384	166	3	willing	willing	ADJ
ftr-384	166	4	a	a	DET
ftr-384	166	5	taxpayer	taxpayer	NOUN
ftr-384	166	6	is	be	AUX
ftr-384	166	7	to	to	PART
ftr-384	166	8	substitute	substitute	VERB
ftr-384	166	9	the	the	DET
ftr-384	166	10	item	item	NOUN
ftr-384	166	11	being	be	AUX
ftr-384	166	12	taxed	tax	VERB
ftr-384	166	13	with	with	ADP
ftr-384	166	14	another	another	DET
ftr-384	166	15	item	item	NOUN
ftr-384	166	16	,	,	PUNCT
ftr-384	166	17	the	the	DET
ftr-384	166	18	less	less	ADV
ftr-384	166	19	elastic	elastic	ADJ
ftr-384	166	20	the	the	DET
ftr-384	166	21	item	item	NOUN
ftr-384	166	22	is	be	AUX
ftr-384	166	23	.	.	PUNCT
ftr-384	167	1	a	a	DET
ftr-384	167	2	territorial	territorial	ADJ
ftr-384	167	3	tax	tax	NOUN
ftr-384	167	4	increases	increase	VERB
ftr-384	167	5	the	the	DET
ftr-384	167	6	excess	excess	ADJ
ftr-384	167	7	burden	burden	NOUN
ftr-384	167	8	on	on	ADP
ftr-384	167	9	domestic	domestic	ADJ
ftr-384	167	10	investment	investment	NOUN
ftr-384	167	11	because	because	SCONJ
ftr-384	167	12	it	it	PRON
ftr-384	167	13	motivates	motivate	VERB
ftr-384	167	14	the	the	DET
ftr-384	167	15	taxpayer	taxpayer	NOUN
ftr-384	167	16	to	to	PART
ftr-384	167	17	substitute	substitute	VERB
ftr-384	167	18	foreign	foreign	ADJ
ftr-384	167	19	investment	investment	NOUN
ftr-384	167	20	for	for	ADP
ftr-384	167	21	domestic	domestic	ADJ
ftr-384	167	22	investment	investment	NOUN
ftr-384	167	23	.	.	PUNCT
ftr-384	168	1	the	the	DET
ftr-384	168	2	magnitude	magnitude	NOUN
ftr-384	168	3	of	of	ADP
ftr-384	168	4	the	the	DET
ftr-384	168	5	increase	increase	NOUN
ftr-384	168	6	in	in	ADP
ftr-384	168	7	excess	excess	ADJ
ftr-384	168	8	burden	burden	NOUN
ftr-384	168	9	will	will	AUX
ftr-384	168	10	depend	depend	VERB
ftr-384	168	11	upon	upon	SCONJ
ftr-384	168	12	the	the	DET
ftr-384	168	13	relative	relative	ADJ
ftr-384	168	14	substitutability	substitutability	NOUN
ftr-384	168	15	of	of	ADP
ftr-384	168	16	foreign	foreign	ADJ
ftr-384	168	17	investment	investment	NOUN
ftr-384	168	18	for	for	ADP
ftr-384	168	19	domestic	domestic	ADJ
ftr-384	168	20	investment	investment	NOUN
ftr-384	168	21	(	(	PUNCT
ftr-384	168	22	i.e.	i.e.	X
ftr-384	168	23	the	the	DET
ftr-384	168	24	elasticity	elasticity	NOUN
ftr-384	168	25	of	of	ADP
ftr-384	168	26	domestic	domestic	ADJ
ftr-384	168	27	investment	investment	NOUN
ftr-384	168	28	)	)	PUNCT
ftr-384	168	29	.	.	PUNCT
ftr-384	169	1	[	[	X
ftr-384	169	2	vol	vol	NOUN
ftr-384	169	3	.	.	PUNCT
ftr-384	169	4	8:3	8:3	NUM
ftr-384	169	5	will	will	AUX
ftr-384	169	6	u.s	u.s	PROPN
ftr-384	169	7	.	.	PROPN
ftr-384	169	8	investment	investment	NOUN
ftr-384	169	9	go	go	VERB
ftr-384	169	10	abroad	abroad	ADV
ftr-384	169	11	in	in	ADP
ftr-384	169	12	a	a	DET
ftr-384	169	13	territorial	territorial	ADJ
ftr-384	169	14	tax	tax	NOUN
ftr-384	169	15	on	on	ADP
ftr-384	169	16	savings	saving	NOUN
ftr-384	169	17	since	since	SCONJ
ftr-384	169	18	foreign	foreign	ADJ
ftr-384	169	19	income	income	NOUN
ftr-384	169	20	will	will	AUX
ftr-384	169	21	be	be	AUX
ftr-384	169	22	exempt	exempt	ADJ
ftr-384	169	23	.	.	PUNCT
ftr-384	170	1	whether	whether	SCONJ
ftr-384	170	2	there	there	PRON
ftr-384	170	3	is	be	VERB
ftr-384	170	4	a	a	DET
ftr-384	170	5	net	net	ADJ
ftr-384	170	6	efficiency	efficiency	NOUN
ftr-384	170	7	gain	gain	NOUN
ftr-384	170	8	or	or	CCONJ
ftr-384	170	9	loss	loss	NOUN
ftr-384	170	10	is	be	AUX
ftr-384	170	11	determined	determine	VERB
ftr-384	170	12	by	by	ADP
ftr-384	170	13	comparing	compare	VERB
ftr-384	170	14	the	the	DET
ftr-384	170	15	size	size	NOUN
ftr-384	170	16	of	of	ADP
ftr-384	170	17	the	the	DET
ftr-384	170	18	decreased	decrease	VERB
ftr-384	170	19	excess	excess	ADJ
ftr-384	170	20	burden	burden	NOUN
ftr-384	170	21	on	on	ADP
ftr-384	170	22	savings	saving	NOUN
ftr-384	170	23	to	to	ADP
ftr-384	170	24	the	the	DET
ftr-384	170	25	increased	increase	VERB
ftr-384	170	26	burden	burden	NOUN
ftr-384	170	27	on	on	ADP
ftr-384	170	28	domestic	domestic	ADJ
ftr-384	170	29	investment	investment	NOUN
ftr-384	170	30	.	.	PUNCT
ftr-384	171	1	the	the	DET
ftr-384	171	2	difficulty	difficulty	NOUN
ftr-384	171	3	in	in	ADP
ftr-384	171	4	ascertaining	ascertain	VERB
ftr-384	171	5	this	this	DET
ftr-384	171	6	net	net	ADJ
ftr-384	171	7	benefit	benefit	NOUN
ftr-384	171	8	or	or	CCONJ
ftr-384	171	9	cost	cost	NOUN
ftr-384	171	10	is	be	AUX
ftr-384	171	11	that	that	DET
ftr-384	171	12	theory	theory	NOUN
ftr-384	171	13	can	can	AUX
ftr-384	171	14	not	not	PART
ftr-384	171	15	predict	predict	VERB
ftr-384	171	16	whether	whether	SCONJ
ftr-384	171	17	the	the	DET
ftr-384	171	18	decrease	decrease	NOUN
ftr-384	171	19	in	in	ADP
ftr-384	171	20	excess	excess	ADJ
ftr-384	171	21	burden	burden	NOUN
ftr-384	171	22	for	for	ADP
ftr-384	171	23	savings	saving	NOUN
ftr-384	171	24	will	will	AUX
ftr-384	171	25	be	be	AUX
ftr-384	171	26	less	less	ADJ
ftr-384	171	27	than	than	ADP
ftr-384	171	28	the	the	DET
ftr-384	171	29	increase	increase	NOUN
ftr-384	171	30	of	of	ADP
ftr-384	171	31	the	the	DET
ftr-384	171	32	excess	excess	ADJ
ftr-384	171	33	burden	burden	NOUN
ftr-384	171	34	for	for	ADP
ftr-384	171	35	domestic	domestic	ADJ
ftr-384	171	36	investment.37	investment.37	NOUN
ftr-384	171	37	the	the	DET
ftr-384	171	38	magnitude	magnitude	NOUN
ftr-384	171	39	of	of	ADP
ftr-384	171	40	the	the	DET
ftr-384	171	41	excess	excess	ADJ
ftr-384	171	42	burdens	burden	NOUN
ftr-384	171	43	will	will	AUX
ftr-384	171	44	depend	depend	VERB
ftr-384	171	45	upon	upon	SCONJ
ftr-384	171	46	the	the	DET
ftr-384	171	47	relative	relative	ADJ
ftr-384	171	48	substitutability	substitutability	NOUN
ftr-384	171	49	of	of	ADP
ftr-384	171	50	consumption	consumption	NOUN
ftr-384	171	51	for	for	ADP
ftr-384	171	52	savings	saving	NOUN
ftr-384	171	53	and	and	CCONJ
ftr-384	171	54	of	of	ADP
ftr-384	171	55	foreign	foreign	ADJ
ftr-384	171	56	investment	investment	NOUN
ftr-384	171	57	for	for	ADP
ftr-384	171	58	domestic	domestic	ADJ
ftr-384	171	59	investment	investment	NOUN
ftr-384	171	60	,	,	PUNCT
ftr-384	171	61	both	both	PRON
ftr-384	171	62	of	of	ADP
ftr-384	171	63	which	which	PRON
ftr-384	171	64	are	be	AUX
ftr-384	171	65	empirical	empirical	ADJ
ftr-384	171	66	questions.3	questions.3	NOUN
ftr-384	171	67	"	"	PUNCT
ftr-384	171	68	the	the	DET
ftr-384	171	69	u.s	u.s	PROPN
ftr-384	171	70	.	.	PROPN
ftr-384	171	71	treasury	treasury	PROPN
ftr-384	171	72	department	department	PROPN
ftr-384	171	73	has	have	AUX
ftr-384	171	74	suggested	suggest	VERB
ftr-384	171	75	that	that	SCONJ
ftr-384	171	76	cen	cen	PROPN
ftr-384	171	77	is	be	AUX
ftr-384	171	78	preferable	preferable	ADJ
ftr-384	171	79	to	to	ADP
ftr-384	171	80	cin	cin	PROPN
ftr-384	171	81	because	because	SCONJ
ftr-384	171	82	cen	cen	NOUN
ftr-384	171	83	maximizes	maximize	VERB
ftr-384	171	84	global39	global39	NOUN
ftr-384	171	85	and	and	CCONJ
ftr-384	171	86	national	national	ADJ
ftr-384	171	87	welfare.40	welfare.40	PROPN
ftr-384	171	88	this	this	PRON
ftr-384	171	89	is	be	AUX
ftr-384	171	90	based	base	VERB
ftr-384	171	91	on	on	ADP
ftr-384	171	92	the	the	DET
ftr-384	171	93	view	view	NOUN
ftr-384	171	94	that	that	SCONJ
ftr-384	171	95	foreign	foreign	ADJ
ftr-384	171	96	investment	investment	NOUN
ftr-384	171	97	is	be	AUX
ftr-384	171	98	more	more	ADV
ftr-384	171	99	readily	readily	ADV
ftr-384	171	100	substituted	substitute	VERB
ftr-384	171	101	for	for	ADP
ftr-384	171	102	domestic	domestic	ADJ
ftr-384	171	103	investment	investment	NOUN
ftr-384	171	104	than	than	ADP
ftr-384	171	105	consumption	consumption	NOUN
ftr-384	171	106	for	for	ADP
ftr-384	171	107	savings	saving	NOUN
ftr-384	171	108	.	.	PUNCT
ftr-384	172	1	if	if	SCONJ
ftr-384	172	2	this	this	PRON
ftr-384	172	3	is	be	AUX
ftr-384	172	4	correct	correct	ADJ
ftr-384	172	5	,	,	PUNCT
ftr-384	172	6	cen	cen	PROPN
ftr-384	172	7	would	would	AUX
ftr-384	172	8	allocate	allocate	VERB
ftr-384	172	9	investment	investment	NOUN
ftr-384	172	10	among	among	ADP
ftr-384	172	11	countries	country	NOUN
ftr-384	172	12	in	in	ADP
ftr-384	172	13	the	the	DET
ftr-384	172	14	most	most	ADV
ftr-384	172	15	efficient	efficient	ADJ
ftr-384	172	16	manner	manner	NOUN
ftr-384	172	17	since	since	SCONJ
ftr-384	172	18	the	the	DET
ftr-384	172	19	tax	tax	NOUN
ftr-384	172	20	burden	burden	NOUN
ftr-384	172	21	borne	bear	VERB
ftr-384	172	22	by	by	ADP
ftr-384	172	23	such	such	ADJ
ftr-384	172	24	investments	investment	NOUN
ftr-384	172	25	would	would	AUX
ftr-384	172	26	be	be	AUX
ftr-384	172	27	the	the	DET
ftr-384	172	28	same	same	ADJ
ftr-384	172	29	and	and	CCONJ
ftr-384	172	30	saving	saving	NOUN
ftr-384	172	31	would	would	AUX
ftr-384	172	32	not	not	PART
ftr-384	172	33	be	be	AUX
ftr-384	172	34	significantly	significantly	ADV
ftr-384	172	35	affected	affect	VERB
ftr-384	172	36	.	.	PUNCT
ftr-384	173	1	b.	b.	PROPN
ftr-384	174	1	the	the	DET
ftr-384	174	2	altshuler	altshuler	NOUN
ftr-384	174	3	-	-	PUNCT
ftr-384	174	4	grubert	grubert	NOUN
ftr-384	174	5	article	article	NOUN
ftr-384	174	6	since	since	SCONJ
ftr-384	174	7	theory	theory	NOUN
ftr-384	174	8	can	can	AUX
ftr-384	174	9	not	not	PART
ftr-384	174	10	predict	predict	VERB
ftr-384	174	11	the	the	DET
ftr-384	174	12	net	net	ADJ
ftr-384	174	13	effect	effect	NOUN
ftr-384	174	14	of	of	ADP
ftr-384	174	15	a	a	DET
ftr-384	174	16	territorial	territorial	ADJ
ftr-384	174	17	tax	tax	NOUN
ftr-384	174	18	on	on	ADP
ftr-384	174	19	excess	excess	ADJ
ftr-384	174	20	burdens	burden	NOUN
ftr-384	174	21	,	,	PUNCT
ftr-384	174	22	the	the	DET
ftr-384	174	23	issue	issue	NOUN
ftr-384	174	24	whether	whether	SCONJ
ftr-384	174	25	the	the	DET
ftr-384	174	26	territorial	territorial	ADJ
ftr-384	174	27	tax	tax	NOUN
ftr-384	174	28	will	will	AUX
ftr-384	174	29	increase	increase	VERB
ftr-384	174	30	efficiency	efficiency	NOUN
ftr-384	174	31	is	be	AUX
ftr-384	174	32	an	an	DET
ftr-384	174	33	empirical	empirical	ADJ
ftr-384	174	34	question	question	NOUN
ftr-384	174	35	.	.	PUNCT
ftr-384	175	1	as	as	SCONJ
ftr-384	175	2	discussed	discuss	VERB
ftr-384	175	3	above	above	ADV
ftr-384	175	4	,	,	PUNCT
ftr-384	175	5	the	the	DET
ftr-384	175	6	magnitude	magnitude	NOUN
ftr-384	175	7	of	of	ADP
ftr-384	175	8	the	the	DET
ftr-384	175	9	excess	excess	ADJ
ftr-384	175	10	burden	burden	NOUN
ftr-384	175	11	37	37	NUM
ftr-384	175	12	.	.	PUNCT
ftr-384	176	1	giovannini	giovannini	PROPN
ftr-384	176	2	,	,	PUNCT
ftr-384	176	3	supra	supra	ADJ
ftr-384	176	4	note	note	NOUN
ftr-384	176	5	32	32	NUM
ftr-384	176	6	,	,	PUNCT
ftr-384	176	7	at	at	ADP
ftr-384	176	8	367	367	NUM
ftr-384	176	9	;	;	PUNCT
ftr-384	176	10	thomas	thomas	PROPN
ftr-384	176	11	horst	horst	PROPN
ftr-384	176	12	,	,	PUNCT
ftr-384	176	13	a	a	DET
ftr-384	176	14	note	note	NOUN
ftr-384	176	15	on	on	ADP
ftr-384	176	16	the	the	DET
ftr-384	176	17	optimal	optimal	ADJ
ftr-384	176	18	taxation	taxation	NOUN
ftr-384	176	19	of	of	ADP
ftr-384	176	20	international	international	ADJ
ftr-384	176	21	investment	investment	NOUN
ftr-384	176	22	income	income	NOUN
ftr-384	176	23	,	,	PUNCT
ftr-384	176	24	94	94	NUM
ftr-384	176	25	q.j	q.j	PROPN
ftr-384	176	26	.	.	PROPN
ftr-384	176	27	econ	econ	PROPN
ftr-384	176	28	.	.	PUNCT
ftr-384	177	1	793	793	NUM
ftr-384	177	2	,	,	PUNCT
ftr-384	177	3	797	797	NUM
ftr-384	177	4	(	(	PUNCT
ftr-384	177	5	1980	1980	NUM
ftr-384	177	6	)	)	PUNCT
ftr-384	177	7	.	.	PUNCT
ftr-384	178	1	see	see	VERB
ftr-384	178	2	musgrave	musgrave	PROPN
ftr-384	178	3	&	&	CCONJ
ftr-384	178	4	musgrave	musgrave	PROPN
ftr-384	178	5	,	,	PUNCT
ftr-384	178	6	supra	supra	PROPN
ftr-384	178	7	note	note	PROPN
ftr-384	178	8	11	11	NUM
ftr-384	178	9	,	,	PUNCT
ftr-384	178	10	at	at	ADP
ftr-384	178	11	451	451	NUM
ftr-384	178	12	(	(	PUNCT
ftr-384	178	13	making	make	VERB
ftr-384	178	14	this	this	DET
ftr-384	178	15	point	point	NOUN
ftr-384	178	16	in	in	ADP
ftr-384	178	17	the	the	DET
ftr-384	178	18	context	context	NOUN
ftr-384	178	19	of	of	ADP
ftr-384	178	20	comparing	compare	VERB
ftr-384	178	21	a	a	DET
ftr-384	178	22	consumption	consumption	NOUN
ftr-384	178	23	tax	tax	NOUN
ftr-384	178	24	to	to	ADP
ftr-384	178	25	an	an	DET
ftr-384	178	26	income	income	NOUN
ftr-384	178	27	tax	tax	NOUN
ftr-384	178	28	)	)	PUNCT
ftr-384	178	29	;	;	PUNCT
ftr-384	179	1	congressional	congressional	ADJ
ftr-384	179	2	budget	budget	NOUN
ftr-384	179	3	office	office	NOUN
ftr-384	179	4	,	,	PUNCT
ftr-384	179	5	revisiting	revisit	VERB
ftr-384	179	6	the	the	DET
ftr-384	179	7	individual	individual	ADJ
ftr-384	179	8	income	income	NOUN
ftr-384	179	9	tax	tax	NOUN
ftr-384	179	10	46	46	NUM
ftr-384	179	11	(	(	PUNCT
ftr-384	179	12	1983	1983	NUM
ftr-384	179	13	)	)	PUNCT
ftr-384	179	14	(	(	PUNCT
ftr-384	179	15	same	same	ADJ
ftr-384	179	16	)	)	PUNCT
ftr-384	179	17	;	;	PUNCT
ftr-384	179	18	gravelle	gravelle	NOUN
ftr-384	179	19	,	,	PUNCT
ftr-384	179	20	supra	supra	PROPN
ftr-384	179	21	note	note	PROPN
ftr-384	179	22	36	36	NUM
ftr-384	179	23	,	,	PUNCT
ftr-384	179	24	at	at	ADP
ftr-384	179	25	31	31	NUM
ftr-384	179	26	(	(	PUNCT
ftr-384	179	27	same	same	ADJ
ftr-384	179	28	)	)	PUNCT
ftr-384	179	29	.	.	PUNCT
ftr-384	180	1	38	38	NUM
ftr-384	180	2	.	.	PUNCT
ftr-384	181	1	giovannini	giovannini	PROPN
ftr-384	181	2	,	,	PUNCT
ftr-384	181	3	supra	supra	ADJ
ftr-384	181	4	note	note	NOUN
ftr-384	181	5	32	32	NUM
ftr-384	181	6	,	,	PUNCT
ftr-384	181	7	at	at	ADP
ftr-384	181	8	367	367	NUM
ftr-384	181	9	;	;	PUNCT
ftr-384	181	10	horst	horst	PROPN
ftr-384	181	11	,	,	PUNCT
ftr-384	181	12	supra	supra	PROPN
ftr-384	181	13	note	note	PROPN
ftr-384	181	14	37	37	NUM
ftr-384	181	15	,	,	PUNCT
ftr-384	181	16	at	at	ADP
ftr-384	181	17	797	797	NUM
ftr-384	181	18	.	.	PUNCT
ftr-384	182	1	see	see	VERB
ftr-384	182	2	supra	supra	PROPN
ftr-384	182	3	note	note	PROPN
ftr-384	182	4	36	36	NUM
ftr-384	182	5	,	,	PUNCT
ftr-384	182	6	for	for	ADP
ftr-384	182	7	a	a	DET
ftr-384	182	8	discussion	discussion	NOUN
ftr-384	182	9	of	of	ADP
ftr-384	182	10	how	how	SCONJ
ftr-384	182	11	the	the	DET
ftr-384	182	12	excess	excess	ADJ
ftr-384	182	13	burden	burden	NOUN
ftr-384	182	14	is	be	AUX
ftr-384	182	15	calculated	calculate	VERB
ftr-384	182	16	.	.	PUNCT
ftr-384	183	1	39	39	NUM
ftr-384	183	2	.	.	PUNCT
ftr-384	184	1	treasury	treasury	PROPN
ftr-384	184	2	dep't	dep't	PROPN
ftr-384	184	3	.	.	PUNCT
ftr-384	184	4	,	,	PUNCT
ftr-384	184	5	the	the	DET
ftr-384	184	6	deferral	deferral	NOUN
ftr-384	184	7	of	of	ADP
ftr-384	184	8	income	income	NOUN
ftr-384	184	9	earned	earn	VERB
ftr-384	184	10	through	through	ADP
ftr-384	184	11	u.s	u.s	PROPN
ftr-384	184	12	.	.	PROPN
ftr-384	184	13	controlled	control	VERB
ftr-384	184	14	foreign	foreign	ADJ
ftr-384	184	15	corporations	corporation	NOUN
ftr-384	184	16	:	:	PUNCT
ftr-384	184	17	a	a	DET
ftr-384	184	18	policy	policy	NOUN
ftr-384	184	19	study	study	NOUN
ftr-384	184	20	26	26	NUM
ftr-384	184	21	-	-	SYM
ftr-384	184	22	36	36	NUM
ftr-384	184	23	(	(	PUNCT
ftr-384	184	24	2000	2000	NUM
ftr-384	184	25	)	)	PUNCT
ftr-384	184	26	(	(	PUNCT
ftr-384	184	27	hereinafter	hereinafter	NOUN
ftr-384	184	28	"	"	PUNCT
ftr-384	184	29	treasury	treasury	NOUN
ftr-384	184	30	subpart	subpart	NOUN
ftr-384	184	31	f	f	PROPN
ftr-384	184	32	study	study	NOUN
ftr-384	184	33	"	"	PUNCT
ftr-384	184	34	)	)	PUNCT
ftr-384	184	35	;	;	PUNCT
ftr-384	184	36	richard	richard	PROPN
ftr-384	184	37	e.	e.	PROPN
ftr-384	184	38	caves	caves	PROPN
ftr-384	184	39	,	,	PUNCT
ftr-384	184	40	multinational	multinational	ADJ
ftr-384	184	41	enterprise	enterprise	NOUN
ftr-384	184	42	and	and	CCONJ
ftr-384	184	43	economic	economic	ADJ
ftr-384	184	44	analysis	analysis	NOUN
ftr-384	184	45	229	229	NUM
ftr-384	184	46	-	-	SYM
ftr-384	184	47	31	31	NUM
ftr-384	184	48	(	(	PUNCT
ftr-384	184	49	1982	1982	NUM
ftr-384	184	50	)	)	PUNCT
ftr-384	184	51	.	.	PUNCT
ftr-384	185	1	40	40	NUM
ftr-384	185	2	.	.	PUNCT
ftr-384	186	1	treasury	treasury	PROPN
ftr-384	186	2	subpart	subpart	PROPN
ftr-384	186	3	f	f	PROPN
ftr-384	186	4	study	study	PROPN
ftr-384	186	5	,	,	PUNCT
ftr-384	186	6	supra	supra	PROPN
ftr-384	186	7	note	note	NOUN
ftr-384	186	8	39	39	NUM
ftr-384	186	9	,	,	PUNCT
ftr-384	186	10	at	at	ADP
ftr-384	186	11	36	36	NUM
ftr-384	186	12	-	-	SYM
ftr-384	186	13	42	42	NUM
ftr-384	186	14	.	.	PUNCT
ftr-384	187	1	41	41	NUM
ftr-384	187	2	.	.	PUNCT
ftr-384	188	1	i	i	PRON
ftr-384	188	2	d.	d.	PROPN
ftr-384	188	3	at	at	ADP
ftr-384	188	4	30	30	NUM
ftr-384	188	5	n.	n.	NOUN
ftr-384	188	6	14,36	14,36	PROPN
ftr-384	188	7	-	-	PUNCT
ftr-384	188	8	42	42	NUM
ftr-384	188	9	;	;	PUNCT
ftr-384	188	10	graetz	graetz	NOUN
ftr-384	188	11	,	,	PUNCT
ftr-384	188	12	supra	supra	PROPN
ftr-384	188	13	note	note	PROPN
ftr-384	188	14	27	27	NUM
ftr-384	188	15	,	,	PUNCT
ftr-384	188	16	at	at	ADP
ftr-384	188	17	272	272	NUM
ftr-384	188	18	.	.	PUNCT
ftr-384	189	1	the	the	DET
ftr-384	189	2	low	low	ADJ
ftr-384	189	3	substitutability	substitutability	NOUN
ftr-384	189	4	for	for	ADP
ftr-384	189	5	savings	saving	NOUN
ftr-384	189	6	means	mean	VERB
ftr-384	189	7	that	that	SCONJ
ftr-384	189	8	the	the	DET
ftr-384	189	9	response	response	NOUN
ftr-384	189	10	of	of	ADP
ftr-384	189	11	savings	saving	NOUN
ftr-384	189	12	to	to	PART
ftr-384	189	13	tax	tax	NOUN
ftr-384	189	14	is	be	AUX
ftr-384	189	15	inelastic	inelastic	ADJ
ftr-384	189	16	and	and	CCONJ
ftr-384	189	17	,	,	PUNCT
ftr-384	189	18	therefore	therefore	ADV
ftr-384	189	19	,	,	PUNCT
ftr-384	189	20	the	the	DET
ftr-384	189	21	excess	excess	ADJ
ftr-384	189	22	burden	burden	NOUN
ftr-384	189	23	is	be	AUX
ftr-384	189	24	low	low	ADJ
ftr-384	189	25	.	.	PUNCT
ftr-384	190	1	see	see	VERB
ftr-384	190	2	supra	supra	PROPN
ftr-384	190	3	note	note	PROPN
ftr-384	190	4	36	36	NUM
ftr-384	190	5	,	,	PUNCT
ftr-384	190	6	which	which	PRON
ftr-384	190	7	discusses	discuss	VERB
ftr-384	190	8	the	the	DET
ftr-384	190	9	manner	manner	NOUN
ftr-384	190	10	in	in	ADP
ftr-384	190	11	which	which	PRON
ftr-384	190	12	excess	excess	ADJ
ftr-384	190	13	burden	burden	NOUN
ftr-384	190	14	is	be	AUX
ftr-384	190	15	calculated	calculate	VERB
ftr-384	190	16	.	.	PUNCT
ftr-384	191	1	not	not	PART
ftr-384	191	2	everyone	everyone	PRON
ftr-384	191	3	would	would	AUX
ftr-384	191	4	agree	agree	VERB
ftr-384	191	5	that	that	SCONJ
ftr-384	191	6	a	a	DET
ftr-384	191	7	low	low	ADJ
ftr-384	191	8	elasticity	elasticity	NOUN
ftr-384	191	9	for	for	ADP
ftr-384	191	10	savings	saving	NOUN
ftr-384	191	11	means	mean	VERB
ftr-384	191	12	that	that	SCONJ
ftr-384	191	13	the	the	DET
ftr-384	191	14	excess	excess	ADJ
ftr-384	191	15	burden	burden	NOUN
ftr-384	191	16	is	be	AUX
ftr-384	191	17	low	low	ADJ
ftr-384	191	18	.	.	PUNCT
ftr-384	192	1	see	see	VERB
ftr-384	192	2	martin	martin	PROPN
ftr-384	192	3	a.	a.	PROPN
ftr-384	192	4	feldstein	feldstein	PROPN
ftr-384	192	5	,	,	PUNCT
ftr-384	192	6	the	the	DET
ftr-384	192	7	effect	effect	NOUN
ftr-384	192	8	of	of	ADP
ftr-384	192	9	taxes	taxis	NOUN
ftr-384	192	10	on	on	ADP
ftr-384	192	11	efficiency	efficiency	NOUN
ftr-384	192	12	and	and	CCONJ
ftr-384	192	13	growth	growth	NOUN
ftr-384	192	14	,	,	PUNCT
ftr-384	192	15	tax	tax	NOUN
ftr-384	192	16	notes	note	NOUN
ftr-384	192	17	679	679	NUM
ftr-384	192	18	,	,	PUNCT
ftr-384	192	19	683	683	NUM
ftr-384	192	20	(	(	PUNCT
ftr-384	192	21	may	may	PROPN
ftr-384	192	22	8	8	NUM
ftr-384	192	23	,	,	PUNCT
ftr-384	192	24	2006	2006	NUM
ftr-384	192	25	)	)	PUNCT
ftr-384	192	26	.	.	PUNCT
ftr-384	193	1	feldstein	feldstein	PROPN
ftr-384	193	2	argues	argue	VERB
ftr-384	193	3	that	that	SCONJ
ftr-384	193	4	the	the	DET
ftr-384	193	5	reduction	reduction	NOUN
ftr-384	193	6	in	in	ADP
ftr-384	193	7	savings	saving	NOUN
ftr-384	193	8	is	be	AUX
ftr-384	193	9	not	not	PART
ftr-384	193	10	the	the	DET
ftr-384	193	11	relevant	relevant	ADJ
ftr-384	193	12	consideration	consideration	NOUN
ftr-384	193	13	in	in	ADP
ftr-384	193	14	measuring	measure	VERB
ftr-384	193	15	the	the	DET
ftr-384	193	16	excess	excess	ADJ
ftr-384	193	17	burden	burden	NOUN
ftr-384	193	18	of	of	ADP
ftr-384	193	19	a	a	DET
ftr-384	193	20	tax	tax	NOUN
ftr-384	193	21	on	on	ADP
ftr-384	193	22	savings	saving	NOUN
ftr-384	193	23	,	,	PUNCT
ftr-384	193	24	but	but	CCONJ
ftr-384	193	25	rather	rather	ADV
ftr-384	193	26	that	that	SCONJ
ftr-384	193	27	the	the	DET
ftr-384	193	28	relevant	relevant	ADJ
ftr-384	193	29	consideration	consideration	NOUN
ftr-384	193	30	is	be	AUX
ftr-384	193	31	the	the	DET
ftr-384	193	32	reduction	reduction	NOUN
ftr-384	193	33	in	in	ADP
ftr-384	193	34	future	future	ADJ
ftr-384	193	35	consumption	consumption	NOUN
ftr-384	193	36	that	that	PRON
ftr-384	193	37	will	will	AUX
ftr-384	193	38	occur	occur	VERB
ftr-384	193	39	as	as	ADP
ftr-384	193	40	a	a	DET
ftr-384	193	41	result	result	NOUN
ftr-384	193	42	of	of	ADP
ftr-384	193	43	the	the	DET
ftr-384	193	44	tax	tax	NOUN
ftr-384	193	45	.	.	PUNCT
ftr-384	194	1	in	in	ADP
ftr-384	194	2	feldstein	feldstein	NOUN
ftr-384	194	3	's	's	PART
ftr-384	194	4	view	view	NOUN
ftr-384	194	5	,	,	PUNCT
ftr-384	194	6	inelasticity	inelasticity	NOUN
ftr-384	194	7	in	in	ADP
ftr-384	194	8	savings	saving	NOUN
ftr-384	194	9	would	would	AUX
ftr-384	194	10	be	be	AUX
ftr-384	194	11	irrelevant	irrelevant	ADJ
ftr-384	194	12	to	to	ADP
ftr-384	194	13	the	the	DET
ftr-384	194	14	excess	excess	ADJ
ftr-384	194	15	burden	burden	NOUN
ftr-384	194	16	created	create	VERB
ftr-384	194	17	by	by	ADP
ftr-384	194	18	a	a	DET
ftr-384	194	19	tax	tax	NOUN
ftr-384	194	20	on	on	ADP
ftr-384	194	21	savings	saving	NOUN
ftr-384	194	22	.	.	PUNCT
ftr-384	195	1	20071	20071	NUM
ftr-384	195	2	florida	florida	PROPN
ftr-384	195	3	tax	tax	NOUN
ftr-384	195	4	review	review	NOUN
ftr-384	195	5	imposed	impose	VERB
ftr-384	195	6	on	on	ADP
ftr-384	195	7	domestic	domestic	ADJ
ftr-384	195	8	investment	investment	NOUN
ftr-384	195	9	by	by	ADP
ftr-384	195	10	a	a	DET
ftr-384	195	11	territorial	territorial	ADJ
ftr-384	195	12	tax	tax	NOUN
ftr-384	195	13	is	be	AUX
ftr-384	195	14	a	a	DET
ftr-384	195	15	function	function	NOUN
ftr-384	195	16	of	of	ADP
ftr-384	195	17	the	the	DET
ftr-384	195	18	extent	extent	NOUN
ftr-384	195	19	to	to	PART
ftr-384	195	20	which	which	PRON
ftr-384	195	21	foreign	foreign	ADJ
ftr-384	195	22	investment	investment	NOUN
ftr-384	195	23	may	may	AUX
ftr-384	195	24	be	be	AUX
ftr-384	195	25	readily	readily	ADV
ftr-384	195	26	substituted	substitute	VERB
ftr-384	195	27	for	for	ADP
ftr-384	195	28	domestic	domestic	ADJ
ftr-384	195	29	investment.42	investment.42	NOUN
ftr-384	195	30	the	the	DET
ftr-384	195	31	report	report	NOUN
ftr-384	195	32	relies	rely	VERB
ftr-384	195	33	heavily	heavily	ADV
ftr-384	195	34	on	on	ADP
ftr-384	195	35	the	the	DET
ftr-384	195	36	altshuler	altshuler	NOUN
ftr-384	195	37	-	-	PUNCT
ftr-384	195	38	grubert	grubert	NOUN
ftr-384	195	39	article	article	NOUN
ftr-384	195	40	,	,	PUNCT
ftr-384	195	41	which	which	PRON
ftr-384	195	42	is	be	AUX
ftr-384	195	43	the	the	DET
ftr-384	195	44	only	only	ADJ
ftr-384	195	45	empirical	empirical	ADJ
ftr-384	195	46	study	study	NOUN
ftr-384	195	47	of	of	ADP
ftr-384	195	48	the	the	DET
ftr-384	195	49	extent	extent	NOUN
ftr-384	195	50	to	to	PART
ftr-384	195	51	which	which	PRON
ftr-384	195	52	the	the	DET
ftr-384	195	53	u.s	u.s	PROPN
ftr-384	195	54	.	.	PROPN
ftr-384	195	55	tax	tax	NOUN
ftr-384	195	56	system	system	NOUN
ftr-384	195	57	affects	affect	VERB
ftr-384	195	58	u.s	u.s	PROPN
ftr-384	195	59	.	.	PROPN
ftr-384	195	60	investment	investment	NOUN
ftr-384	195	61	in	in	ADP
ftr-384	195	62	low	low	ADJ
ftr-384	195	63	-	-	PUNCT
ftr-384	195	64	tax	tax	NOUN
ftr-384	195	65	countries,43	countries,43	NOUN
ftr-384	195	66	to	to	PART
ftr-384	195	67	conclude	conclude	VERB
ftr-384	195	68	that	that	SCONJ
ftr-384	195	69	a	a	DET
ftr-384	195	70	territorial	territorial	ADJ
ftr-384	195	71	tax	tax	NOUN
ftr-384	195	72	will	will	AUX
ftr-384	195	73	not	not	PART
ftr-384	195	74	encourage	encourage	VERB
ftr-384	195	75	investment	investment	NOUN
ftr-384	195	76	in	in	ADP
ftr-384	195	77	low	low	ADJ
ftr-384	195	78	-	-	PUNCT
ftr-384	195	79	tax	tax	NOUN
ftr-384	195	80	countries	country	NOUN
ftr-384	195	81	by	by	ADP
ftr-384	195	82	u.s	u.s	PROPN
ftr-384	195	83	.	.	PROPN
ftr-384	195	84	corporations	corporation	NOUN
ftr-384	195	85	.	.	PUNCT
ftr-384	195	86	"	"	PUNCT
ftr-384	196	1	as	as	SCONJ
ftr-384	196	2	discussed	discuss	VERB
ftr-384	196	3	below	below	ADV
ftr-384	196	4	,	,	PUNCT
ftr-384	196	5	this	this	DET
ftr-384	196	6	reliance	reliance	NOUN
ftr-384	196	7	is	be	AUX
ftr-384	196	8	misplaced	misplace	VERB
ftr-384	196	9	since	since	SCONJ
ftr-384	196	10	the	the	DET
ftr-384	196	11	results	result	NOUN
ftr-384	196	12	of	of	ADP
ftr-384	196	13	altshuler	altshuler	NOUN
ftr-384	196	14	and	and	CCONJ
ftr-384	196	15	grubert	grubert	NOUN
ftr-384	196	16	's	's	PART
ftr-384	196	17	careful	careful	ADJ
ftr-384	196	18	analysis	analysis	NOUN
ftr-384	196	19	are	be	AUX
ftr-384	196	20	mixed	mixed	ADJ
ftr-384	196	21	.	.	PUNCT
ftr-384	197	1	altshuler	altshuler	NOUN
ftr-384	197	2	and	and	CCONJ
ftr-384	197	3	grubert	grubert	PROPN
ftr-384	197	4	examine	examine	VERB
ftr-384	197	5	the	the	DET
ftr-384	197	6	potential	potential	ADJ
ftr-384	197	7	effect	effect	NOUN
ftr-384	197	8	of	of	ADP
ftr-384	197	9	adopting	adopt	VERB
ftr-384	197	10	an	an	DET
ftr-384	197	11	exemption	exemption	NOUN
ftr-384	197	12	system	system	NOUN
ftr-384	197	13	by	by	ADP
ftr-384	197	14	analyzing	analyze	VERB
ftr-384	197	15	a	a	DET
ftr-384	197	16	number	number	NOUN
ftr-384	197	17	of	of	ADP
ftr-384	197	18	different	different	ADJ
ftr-384	197	19	aspects	aspect	NOUN
ftr-384	197	20	of	of	ADP
ftr-384	197	21	foreign	foreign	ADJ
ftr-384	197	22	investment	investment	NOUN
ftr-384	197	23	.	.	PUNCT
ftr-384	198	1	their	their	PRON
ftr-384	198	2	approach	approach	NOUN
ftr-384	198	3	can	can	AUX
ftr-384	198	4	be	be	AUX
ftr-384	198	5	divided	divide	VERB
ftr-384	198	6	into	into	ADP
ftr-384	198	7	three	three	NUM
ftr-384	198	8	broad	broad	ADJ
ftr-384	198	9	categories	category	NOUN
ftr-384	198	10	.	.	PUNCT
ftr-384	199	1	first	first	ADV
ftr-384	199	2	,	,	PUNCT
ftr-384	199	3	they	they	PRON
ftr-384	199	4	calculate	calculate	VERB
ftr-384	199	5	the	the	DET
ftr-384	199	6	effective	effective	ADJ
ftr-384	199	7	tax	tax	NOUN
ftr-384	199	8	rate	rate	NOUN
ftr-384	199	9	on	on	ADP
ftr-384	199	10	foreign	foreign	ADJ
ftr-384	199	11	investment	investment	NOUN
ftr-384	199	12	by	by	ADP
ftr-384	199	13	u.s	u.s	PROPN
ftr-384	199	14	.	.	PROPN
ftr-384	199	15	firms	firm	NOUN
ftr-384	199	16	under	under	ADP
ftr-384	199	17	the	the	DET
ftr-384	199	18	current	current	ADJ
ftr-384	199	19	global	global	ADJ
ftr-384	199	20	system	system	NOUN
ftr-384	199	21	and	and	CCONJ
ftr-384	199	22	under	under	ADP
ftr-384	199	23	the	the	DET
ftr-384	199	24	proposed	propose	VERB
ftr-384	199	25	territorial	territorial	ADJ
ftr-384	199	26	system	system	NOUN
ftr-384	199	27	to	to	PART
ftr-384	199	28	determine	determine	VERB
ftr-384	199	29	whether	whether	SCONJ
ftr-384	199	30	the	the	DET
ftr-384	199	31	territorial	territorial	ADJ
ftr-384	199	32	system	system	NOUN
ftr-384	199	33	would	would	AUX
ftr-384	199	34	create	create	VERB
ftr-384	199	35	an	an	DET
ftr-384	199	36	incentive	incentive	NOUN
ftr-384	199	37	to	to	PART
ftr-384	199	38	invest	invest	VERB
ftr-384	199	39	in	in	ADP
ftr-384	199	40	low	low	ADJ
ftr-384	199	41	-	-	PUNCT
ftr-384	199	42	tax	tax	NOUN
ftr-384	199	43	countries	country	NOUN
ftr-384	199	44	.	.	PUNCT
ftr-384	200	1	their	their	PRON
ftr-384	200	2	calculations	calculation	NOUN
ftr-384	200	3	suggest	suggest	VERB
ftr-384	200	4	that	that	SCONJ
ftr-384	200	5	foreign	foreign	ADJ
ftr-384	200	6	investment	investment	NOUN
ftr-384	200	7	would	would	AUX
ftr-384	200	8	not	not	PART
ftr-384	200	9	increase	increase	VERB
ftr-384	200	10	under	under	ADP
ftr-384	200	11	a	a	DET
ftr-384	200	12	territorial	territorial	ADJ
ftr-384	200	13	system	system	NOUN
ftr-384	200	14	because	because	SCONJ
ftr-384	200	15	the	the	DET
ftr-384	200	16	effective	effective	ADJ
ftr-384	200	17	tax	tax	NOUN
ftr-384	200	18	rates	rate	NOUN
ftr-384	200	19	in	in	ADP
ftr-384	200	20	a	a	DET
ftr-384	200	21	territorial	territorial	ADJ
ftr-384	200	22	system	system	NOUN
ftr-384	200	23	would	would	AUX
ftr-384	200	24	not	not	PART
ftr-384	200	25	differ	differ	VERB
ftr-384	200	26	significantly	significantly	ADV
ftr-384	200	27	from	from	ADP
ftr-384	200	28	the	the	DET
ftr-384	200	29	current	current	ADJ
ftr-384	200	30	effective	effective	ADJ
ftr-384	200	31	rates.45	rates.45	NOUN
ftr-384	200	32	second	second	NOUN
ftr-384	200	33	,	,	PUNCT
ftr-384	200	34	they	they	PRON
ftr-384	200	35	utilize	utilize	VERB
ftr-384	200	36	historic	historic	ADJ
ftr-384	200	37	data	datum	NOUN
ftr-384	200	38	to	to	PART
ftr-384	200	39	predict	predict	VERB
ftr-384	200	40	how	how	SCONJ
ftr-384	200	41	u.s	u.s	PROPN
ftr-384	200	42	.	.	PROPN
ftr-384	200	43	firms	firm	NOUN
ftr-384	200	44	would	would	AUX
ftr-384	200	45	respond	respond	VERB
ftr-384	200	46	to	to	ADP
ftr-384	200	47	a	a	DET
ftr-384	200	48	territorial	territorial	ADJ
ftr-384	200	49	system	system	NOUN
ftr-384	200	50	by	by	ADP
ftr-384	200	51	examining	examine	VERB
ftr-384	200	52	the	the	DET
ftr-384	200	53	investment	investment	NOUN
ftr-384	200	54	decisions	decision	NOUN
ftr-384	200	55	of	of	ADP
ftr-384	200	56	foreign	foreign	ADJ
ftr-384	200	57	firms	firm	NOUN
ftr-384	200	58	already	already	ADV
ftr-384	200	59	subject	subject	ADJ
ftr-384	200	60	to	to	ADP
ftr-384	200	61	a	a	DET
ftr-384	200	62	territorial	territorial	ADJ
ftr-384	200	63	system	system	NOUN
ftr-384	200	64	.	.	PUNCT
ftr-384	201	1	this	this	DET
ftr-384	201	2	analysis	analysis	NOUN
ftr-384	201	3	yields	yield	VERB
ftr-384	201	4	mixed	mixed	ADJ
ftr-384	201	5	results	result	NOUN
ftr-384	201	6	.	.	PUNCT
ftr-384	202	1	third	third	ADV
ftr-384	202	2	,	,	PUNCT
ftr-384	202	3	they	they	PRON
ftr-384	202	4	use	use	VERB
ftr-384	202	5	historic	historic	ADJ
ftr-384	202	6	data	datum	NOUN
ftr-384	202	7	to	to	PART
ftr-384	202	8	determine	determine	VERB
ftr-384	202	9	the	the	DET
ftr-384	202	10	probability	probability	NOUN
ftr-384	202	11	that	that	SCONJ
ftr-384	202	12	u.s	u.s	PROPN
ftr-384	202	13	.	.	PROPN
ftr-384	202	14	multinational	multinational	ADJ
ftr-384	202	15	firms	firm	NOUN
ftr-384	202	16	will	will	AUX
ftr-384	202	17	increase	increase	VERB
ftr-384	202	18	investment	investment	NOUN
ftr-384	202	19	in	in	ADP
ftr-384	202	20	low	low	ADJ
ftr-384	202	21	-	-	PUNCT
ftr-384	202	22	tax	tax	NOUN
ftr-384	202	23	countries	country	NOUN
ftr-384	202	24	under	under	ADP
ftr-384	202	25	a	a	DET
ftr-384	202	26	territorial	territorial	ADJ
ftr-384	202	27	system	system	NOUN
ftr-384	202	28	.	.	PUNCT
ftr-384	203	1	their	their	PRON
ftr-384	203	2	analysis	analysis	NOUN
ftr-384	203	3	of	of	ADP
ftr-384	203	4	u.s	u.s	PROPN
ftr-384	203	5	.	.	PROPN
ftr-384	203	6	multinational	multinational	ADJ
ftr-384	203	7	behavior	behavior	NOUN
ftr-384	203	8	indicates	indicate	VERB
ftr-384	203	9	that	that	SCONJ
ftr-384	203	10	foreign	foreign	ADJ
ftr-384	203	11	investment	investment	NOUN
ftr-384	203	12	would	would	AUX
ftr-384	203	13	increase	increase	VERB
ftr-384	203	14	in	in	ADP
ftr-384	203	15	a	a	DET
ftr-384	203	16	territorial	territorial	ADJ
ftr-384	203	17	tax	tax	NOUN
ftr-384	203	18	,	,	PUNCT
ftr-384	203	19	although	although	SCONJ
ftr-384	203	20	the	the	DET
ftr-384	203	21	magnitude	magnitude	NOUN
ftr-384	203	22	of	of	ADP
ftr-384	203	23	the	the	DET
ftr-384	203	24	response	response	NOUN
ftr-384	203	25	would	would	AUX
ftr-384	203	26	be	be	AUX
ftr-384	203	27	small	small	ADJ
ftr-384	203	28	.	.	PUNCT
ftr-384	204	1	42	42	NUM
ftr-384	204	2	.	.	PUNCT
ftr-384	205	1	see	see	VERB
ftr-384	205	2	supra	supra	PROPN
ftr-384	205	3	note	note	PROPN
ftr-384	205	4	36	36	NUM
ftr-384	205	5	,	,	PUNCT
ftr-384	205	6	which	which	PRON
ftr-384	205	7	discusses	discuss	VERB
ftr-384	205	8	the	the	DET
ftr-384	205	9	principle	principle	NOUN
ftr-384	205	10	that	that	SCONJ
ftr-384	205	11	the	the	DET
ftr-384	205	12	excess	excess	ADJ
ftr-384	205	13	burden	burden	NOUN
ftr-384	205	14	is	be	AUX
ftr-384	205	15	a	a	DET
ftr-384	205	16	function	function	NOUN
ftr-384	205	17	of	of	ADP
ftr-384	205	18	the	the	DET
ftr-384	205	19	elasticity	elasticity	NOUN
ftr-384	205	20	of	of	ADP
ftr-384	205	21	the	the	DET
ftr-384	205	22	compensated	compensate	VERB
ftr-384	205	23	demand	demand	NOUN
ftr-384	205	24	curve	curve	NOUN
ftr-384	205	25	for	for	ADP
ftr-384	205	26	the	the	DET
ftr-384	205	27	item	item	NOUN
ftr-384	205	28	being	be	AUX
ftr-384	205	29	taxed	tax	VERB
ftr-384	205	30	and	and	CCONJ
ftr-384	205	31	the	the	DET
ftr-384	205	32	square	square	NOUN
ftr-384	205	33	of	of	ADP
ftr-384	205	34	the	the	DET
ftr-384	205	35	tax	tax	NOUN
ftr-384	205	36	exclusive	exclusive	ADJ
ftr-384	205	37	tax	tax	NOUN
ftr-384	205	38	rate	rate	NOUN
ftr-384	205	39	.	.	PUNCT
ftr-384	206	1	the	the	DET
ftr-384	206	2	elasticity	elasticity	NOUN
ftr-384	206	3	of	of	ADP
ftr-384	206	4	the	the	DET
ftr-384	206	5	demand	demand	NOUN
ftr-384	206	6	curve	curve	NOUN
ftr-384	206	7	is	be	AUX
ftr-384	206	8	in	in	ADP
ftr-384	206	9	turn	turn	NOUN
ftr-384	206	10	a	a	DET
ftr-384	206	11	function	function	NOUN
ftr-384	206	12	of	of	ADP
ftr-384	206	13	the	the	DET
ftr-384	206	14	willingness	willingness	NOUN
ftr-384	206	15	of	of	ADP
ftr-384	206	16	the	the	DET
ftr-384	206	17	taxpayer	taxpayer	NOUN
ftr-384	206	18	to	to	PART
ftr-384	206	19	substitute	substitute	VERB
ftr-384	206	20	another	another	DET
ftr-384	206	21	item	item	NOUN
ftr-384	206	22	for	for	SCONJ
ftr-384	206	23	the	the	DET
ftr-384	206	24	item	item	NOUN
ftr-384	206	25	being	be	AUX
ftr-384	206	26	taxed	tax	VERB
ftr-384	206	27	.	.	PUNCT
ftr-384	207	1	43	43	NUM
ftr-384	207	2	.	.	PUNCT
ftr-384	208	1	for	for	ADP
ftr-384	208	2	studies	study	NOUN
ftr-384	208	3	that	that	PRON
ftr-384	208	4	have	have	AUX
ftr-384	208	5	analyzed	analyze	VERB
ftr-384	208	6	the	the	DET
ftr-384	208	7	impact	impact	NOUN
ftr-384	208	8	of	of	ADP
ftr-384	208	9	the	the	DET
ftr-384	208	10	host	host	NOUN
ftr-384	208	11	country	country	NOUN
ftr-384	208	12	's	's	PART
ftr-384	208	13	tax	tax	NOUN
ftr-384	208	14	system	system	NOUN
ftr-384	208	15	on	on	ADP
ftr-384	208	16	the	the	DET
ftr-384	208	17	location	location	NOUN
ftr-384	208	18	of	of	ADP
ftr-384	208	19	foreign	foreign	ADJ
ftr-384	208	20	investment	investment	NOUN
ftr-384	208	21	,	,	PUNCT
ftr-384	208	22	see	see	VERB
ftr-384	208	23	e.g.	e.g.	ADV
ftr-384	208	24	altshuler	altshuler	NOUN
ftr-384	208	25	&	&	CCONJ
ftr-384	208	26	grubert	grubert	PROPN
ftr-384	208	27	,	,	PUNCT
ftr-384	208	28	supra	supra	PROPN
ftr-384	208	29	note	note	NOUN
ftr-384	208	30	5	5	NUM
ftr-384	208	31	,	,	PUNCT
ftr-384	208	32	at	at	ADP
ftr-384	208	33	801	801	NUM
ftr-384	208	34	;	;	PUNCT
ftr-384	208	35	james	james	PROPN
ftr-384	208	36	r.	r.	PROPN
ftr-384	208	37	hines	hines	PROPN
ftr-384	208	38	,	,	PUNCT
ftr-384	208	39	jr	jr	PROPN
ftr-384	208	40	.	.	PROPN
ftr-384	208	41	,	,	PUNCT
ftr-384	208	42	lessons	lesson	NOUN
ftr-384	208	43	from	from	ADP
ftr-384	208	44	behavioral	behavioral	ADJ
ftr-384	208	45	responses	response	NOUN
ftr-384	208	46	to	to	ADP
ftr-384	208	47	international	international	ADJ
ftr-384	208	48	taxation	taxation	NOUN
ftr-384	208	49	,	,	PUNCT
ftr-384	208	50	52	52	NUM
ftr-384	208	51	nat'l	nat'l	PROPN
ftr-384	208	52	tax	tax	NOUN
ftr-384	208	53	j.	j.	PROPN
ftr-384	208	54	309	309	NUM
ftr-384	208	55	-	-	SYM
ftr-384	208	56	13	13	NUM
ftr-384	208	57	(	(	PUNCT
ftr-384	208	58	1999	1999	NUM
ftr-384	208	59	)	)	PUNCT
ftr-384	208	60	.	.	PUNCT
ftr-384	209	1	44	44	NUM
ftr-384	209	2	.	.	PUNCT
ftr-384	210	1	whether	whether	SCONJ
ftr-384	210	2	such	such	ADJ
ftr-384	210	3	investment	investment	NOUN
ftr-384	210	4	is	be	AUX
ftr-384	210	5	a	a	DET
ftr-384	210	6	substitute	substitute	NOUN
ftr-384	210	7	for	for	ADP
ftr-384	210	8	or	or	CCONJ
ftr-384	210	9	complement	complement	VERB
ftr-384	210	10	to	to	ADP
ftr-384	210	11	domestic	domestic	ADJ
ftr-384	210	12	investment	investment	NOUN
ftr-384	210	13	is	be	AUX
ftr-384	210	14	another	another	DET
ftr-384	210	15	important	important	ADJ
ftr-384	210	16	issue	issue	NOUN
ftr-384	210	17	in	in	ADP
ftr-384	210	18	determining	determine	VERB
ftr-384	210	19	the	the	DET
ftr-384	210	20	efficiency	efficiency	NOUN
ftr-384	210	21	effects	effect	NOUN
ftr-384	210	22	of	of	ADP
ftr-384	210	23	a	a	DET
ftr-384	210	24	territorial	territorial	ADJ
ftr-384	210	25	tax	tax	NOUN
ftr-384	210	26	that	that	PRON
ftr-384	210	27	is	be	AUX
ftr-384	210	28	not	not	PART
ftr-384	210	29	addressed	address	VERB
ftr-384	210	30	in	in	ADP
ftr-384	210	31	the	the	DET
ftr-384	210	32	altshuler	altshuler	NOUN
ftr-384	210	33	-	-	PUNCT
ftr-384	210	34	grubert	grubert	NOUN
ftr-384	210	35	article	article	NOUN
ftr-384	210	36	.	.	PUNCT
ftr-384	211	1	see	see	VERB
ftr-384	211	2	infra	infra	NOUN
ftr-384	211	3	text	text	NOUN
ftr-384	211	4	accompanying	accompanying	ADJ
ftr-384	211	5	notes	note	NOUN
ftr-384	211	6	73	73	NUM
ftr-384	211	7	-	-	SYM
ftr-384	211	8	82	82	NUM
ftr-384	211	9	,	,	PUNCT
ftr-384	211	10	for	for	ADP
ftr-384	211	11	further	further	ADJ
ftr-384	211	12	discussion	discussion	NOUN
ftr-384	211	13	.	.	PUNCT
ftr-384	212	1	45	45	NUM
ftr-384	212	2	.	.	X
ftr-384	213	1	for	for	ADP
ftr-384	213	2	an	an	DET
ftr-384	213	3	earlier	early	ADJ
ftr-384	213	4	analysis	analysis	NOUN
ftr-384	213	5	that	that	PRON
ftr-384	213	6	also	also	ADV
ftr-384	213	7	argued	argue	VERB
ftr-384	213	8	that	that	SCONJ
ftr-384	213	9	effective	effective	ADJ
ftr-384	213	10	tax	tax	NOUN
ftr-384	213	11	rates	rate	NOUN
ftr-384	213	12	should	should	AUX
ftr-384	213	13	not	not	PART
ftr-384	213	14	differ	differ	VERB
ftr-384	213	15	significantly	significantly	ADV
ftr-384	213	16	between	between	ADP
ftr-384	213	17	the	the	DET
ftr-384	213	18	current	current	ADJ
ftr-384	213	19	u.s	u.s	PROPN
ftr-384	213	20	.	.	PROPN
ftr-384	213	21	system	system	NOUN
ftr-384	213	22	and	and	CCONJ
ftr-384	213	23	a	a	DET
ftr-384	213	24	territorial	territorial	ADJ
ftr-384	213	25	system	system	NOUN
ftr-384	213	26	,	,	PUNCT
ftr-384	213	27	see	see	VERB
ftr-384	213	28	terrence	terrence	PROPN
ftr-384	213	29	r.	r.	PROPN
ftr-384	213	30	chorvat	chorvat	PROPN
ftr-384	213	31	,	,	PUNCT
ftr-384	213	32	ending	end	VERB
ftr-384	213	33	the	the	DET
ftr-384	213	34	taxation	taxation	NOUN
ftr-384	213	35	of	of	ADP
ftr-384	213	36	foreign	foreign	ADJ
ftr-384	213	37	business	business	NOUN
ftr-384	213	38	income	income	NOUN
ftr-384	213	39	,	,	PUNCT
ftr-384	213	40	42	42	NUM
ftr-384	213	41	ariz	ariz	NOUN
ftr-384	213	42	.	.	PUNCT
ftr-384	214	1	l.	l.	PROPN
ftr-384	214	2	rev	rev	PROPN
ftr-384	214	3	.	.	PROPN
ftr-384	214	4	835	835	NUM
ftr-384	214	5	,	,	PUNCT
ftr-384	214	6	843	843	NUM
ftr-384	214	7	-	-	SYM
ftr-384	214	8	44	44	NUM
ftr-384	214	9	(	(	PUNCT
ftr-384	214	10	2000	2000	NUM
ftr-384	214	11	)	)	PUNCT
ftr-384	214	12	.	.	PUNCT
ftr-384	215	1	[	[	X
ftr-384	215	2	vol	vol	NOUN
ftr-384	215	3	.	.	PUNCT
ftr-384	215	4	8:3	8:3	NUM
ftr-384	215	5	will	will	AUX
ftr-384	215	6	u.s	u.s	PROPN
ftr-384	215	7	.	.	PROPN
ftr-384	215	8	investment	investment	NOUN
ftr-384	215	9	go	go	VERB
ftr-384	215	10	abroad	abroad	ADV
ftr-384	215	11	in	in	ADP
ftr-384	215	12	a	a	DET
ftr-384	215	13	territorial	territorial	ADJ
ftr-384	215	14	tax	tax	NOUN
ftr-384	215	15	1	1	NUM
ftr-384	215	16	.	.	PUNCT
ftr-384	216	1	the	the	DET
ftr-384	216	2	effective	effective	ADJ
ftr-384	216	3	tax	tax	NOUN
ftr-384	216	4	rate	rate	NOUN
ftr-384	216	5	determinations	determination	NOUN
ftr-384	216	6	in	in	ADP
ftr-384	216	7	their	their	PRON
ftr-384	216	8	effective	effective	ADJ
ftr-384	216	9	tax	tax	NOUN
ftr-384	216	10	rate	rate	NOUN
ftr-384	216	11	analysis	analysis	NOUN
ftr-384	216	12	,	,	PUNCT
ftr-384	216	13	altshuler	altshuler	NOUN
ftr-384	216	14	and	and	CCONJ
ftr-384	216	15	grubert	grubert	NOUN
ftr-384	216	16	compare	compare	VERB
ftr-384	216	17	the	the	DET
ftr-384	216	18	effective	effective	ADJ
ftr-384	216	19	tax	tax	NOUN
ftr-384	216	20	rates	rate	NOUN
ftr-384	216	21	that	that	PRON
ftr-384	216	22	would	would	AUX
ftr-384	216	23	apply	apply	VERB
ftr-384	216	24	to	to	ADP
ftr-384	216	25	u.s	u.s	PROPN
ftr-384	216	26	.	.	PROPN
ftr-384	216	27	investment	investment	NOUN
ftr-384	216	28	in	in	ADP
ftr-384	216	29	low	low	ADJ
ftr-384	216	30	-	-	PUNCT
ftr-384	216	31	tax	tax	NOUN
ftr-384	216	32	countries	country	NOUN
ftr-384	216	33	if	if	SCONJ
ftr-384	216	34	the	the	DET
ftr-384	216	35	u.s	u.s	PROPN
ftr-384	216	36	.	.	PROPN
ftr-384	216	37	adopted	adopt	VERB
ftr-384	216	38	a	a	DET
ftr-384	216	39	territorial	territorial	ADJ
ftr-384	216	40	system	system	NOUN
ftr-384	216	41	to	to	ADP
ftr-384	216	42	the	the	DET
ftr-384	216	43	rates	rate	NOUN
ftr-384	216	44	that	that	PRON
ftr-384	216	45	currently	currently	ADV
ftr-384	216	46	apply	apply	VERB
ftr-384	216	47	.	.	PUNCT
ftr-384	217	1	they	they	PRON
ftr-384	217	2	assume	assume	VERB
ftr-384	217	3	a	a	DET
ftr-384	217	4	territorial	territorial	ADJ
ftr-384	217	5	system	system	NOUN
ftr-384	217	6	similar	similar	ADJ
ftr-384	217	7	to	to	ADP
ftr-384	217	8	that	that	PRON
ftr-384	217	9	proposed	propose	VERB
ftr-384	217	10	by	by	ADP
ftr-384	217	11	the	the	DET
ftr-384	217	12	report	report	NOUN
ftr-384	217	13	dividends	dividend	NOUN
ftr-384	217	14	from	from	ADP
ftr-384	217	15	a	a	DET
ftr-384	217	16	controlled	control	VERB
ftr-384	217	17	foreign	foreign	ADJ
ftr-384	217	18	corporation	corporation	NOUN
ftr-384	217	19	conducting	conduct	VERB
ftr-384	217	20	an	an	DET
ftr-384	217	21	active	active	ADJ
ftr-384	217	22	foreign	foreign	ADJ
ftr-384	217	23	business	business	NOUN
ftr-384	217	24	would	would	AUX
ftr-384	217	25	not	not	PART
ftr-384	217	26	be	be	AUX
ftr-384	217	27	taxed	tax	VERB
ftr-384	217	28	,	,	PUNCT
ftr-384	217	29	but	but	CCONJ
ftr-384	217	30	interest	interest	NOUN
ftr-384	217	31	and	and	CCONJ
ftr-384	217	32	royalties	royalty	NOUN
ftr-384	217	33	paid	pay	VERB
ftr-384	217	34	by	by	ADP
ftr-384	217	35	such	such	ADJ
ftr-384	217	36	corporation	corporation	NOUN
ftr-384	217	37	would	would	AUX
ftr-384	217	38	.	.	PUNCT
ftr-384	218	1	they	they	PRON
ftr-384	218	2	calculate	calculate	VERB
ftr-384	218	3	that	that	SCONJ
ftr-384	218	4	under	under	ADP
ftr-384	218	5	the	the	DET
ftr-384	218	6	current	current	ADJ
ftr-384	218	7	u.s	u.s	PROPN
ftr-384	218	8	.	.	PROPN
ftr-384	218	9	system	system	NOUN
ftr-384	218	10	the	the	DET
ftr-384	218	11	effective	effective	ADJ
ftr-384	218	12	tax	tax	NOUN
ftr-384	218	13	rate	rate	NOUN
ftr-384	218	14	on	on	ADP
ftr-384	218	15	dividends	dividend	NOUN
ftr-384	218	16	of	of	ADP
ftr-384	218	17	income	income	NOUN
ftr-384	218	18	earned	earn	VERB
ftr-384	218	19	in	in	ADP
ftr-384	218	20	low	low	ADJ
ftr-384	218	21	-	-	PUNCT
ftr-384	218	22	tax	tax	NOUN
ftr-384	218	23	countries	country	NOUN
ftr-384	218	24	for	for	ADP
ftr-384	218	25	firms	firm	NOUN
ftr-384	218	26	that	that	PRON
ftr-384	218	27	are	be	AUX
ftr-384	218	28	"	"	PUNCT
ftr-384	218	29	excess	excess	ADJ
ftr-384	218	30	credit	credit	NOUN
ftr-384	218	31	'	'	PUNCT
ftr-384	218	32	is	be	AUX
ftr-384	218	33	equal	equal	ADJ
ftr-384	218	34	to	to	ADP
ftr-384	218	35	the	the	DET
ftr-384	218	36	effective	effective	ADJ
ftr-384	218	37	rate	rate	NOUN
ftr-384	218	38	that	that	PRON
ftr-384	218	39	would	would	AUX
ftr-384	218	40	apply	apply	VERB
ftr-384	218	41	to	to	ADP
ftr-384	218	42	such	such	ADJ
ftr-384	218	43	companies	company	NOUN
ftr-384	218	44	under	under	ADP
ftr-384	218	45	a	a	DET
ftr-384	218	46	territorial	territorial	ADJ
ftr-384	218	47	system.47	system.47	NOUN
ftr-384	218	48	thus	thus	ADV
ftr-384	218	49	,	,	PUNCT
ftr-384	218	50	they	they	PRON
ftr-384	218	51	argue	argue	VERB
ftr-384	218	52	a	a	DET
ftr-384	218	53	territorial	territorial	ADJ
ftr-384	218	54	system	system	NOUN
ftr-384	218	55	would	would	AUX
ftr-384	218	56	not	not	PART
ftr-384	218	57	increase	increase	VERB
ftr-384	218	58	the	the	DET
ftr-384	218	59	incentive	incentive	NOUN
ftr-384	218	60	for	for	SCONJ
ftr-384	218	61	excess	excess	ADJ
ftr-384	218	62	-	-	PUNCT
ftr-384	218	63	credit	credit	NOUN
ftr-384	218	64	firms	firm	NOUN
ftr-384	218	65	to	to	PART
ftr-384	218	66	invest	invest	VERB
ftr-384	218	67	in	in	ADP
ftr-384	218	68	low	low	ADJ
ftr-384	218	69	-	-	PUNCT
ftr-384	218	70	tax	tax	NOUN
ftr-384	218	71	countries	country	NOUN
ftr-384	218	72	as	as	ADP
ftr-384	218	73	compared	compare	VERB
ftr-384	218	74	to	to	ADP
ftr-384	218	75	the	the	DET
ftr-384	218	76	current	current	ADJ
ftr-384	218	77	u.s	u.s	PROPN
ftr-384	218	78	.	.	PROPN
ftr-384	218	79	system	system	NOUN
ftr-384	218	80	.	.	PUNCT
ftr-384	219	1	they	they	PRON
ftr-384	219	2	also	also	ADV
ftr-384	219	3	find	find	VERB
ftr-384	219	4	that	that	SCONJ
ftr-384	219	5	the	the	DET
ftr-384	219	6	effective	effective	ADJ
ftr-384	219	7	tax	tax	NOUN
ftr-384	219	8	rates	rate	NOUN
ftr-384	219	9	on	on	ADP
ftr-384	219	10	income	income	NOUN
ftr-384	219	11	earned	earn	VERB
ftr-384	219	12	in	in	ADP
ftr-384	219	13	low	low	ADJ
ftr-384	219	14	-	-	PUNCT
ftr-384	219	15	tax	tax	NOUN
ftr-384	219	16	jurisdictions	jurisdiction	NOUN
ftr-384	219	17	would	would	AUX
ftr-384	219	18	increase	increase	VERB
ftr-384	219	19	in	in	ADP
ftr-384	219	20	a	a	DET
ftr-384	219	21	territorial	territorial	ADJ
ftr-384	219	22	system	system	NOUN
ftr-384	219	23	for	for	ADP
ftr-384	219	24	firms	firm	NOUN
ftr-384	219	25	that	that	PRON
ftr-384	219	26	are	be	AUX
ftr-384	219	27	currently	currently	ADV
ftr-384	219	28	"	"	PUNCT
ftr-384	219	29	excess	excess	ADJ
ftr-384	219	30	limitation	limitation	NOUN
ftr-384	219	31	.	.	PUNCT
ftr-384	220	1	"'4	"'4	PUNCT
ftr-384	221	1	in	in	ADP
ftr-384	221	2	reaching	reach	VERB
ftr-384	221	3	this	this	DET
ftr-384	221	4	surprising	surprising	ADJ
ftr-384	221	5	conclusion	conclusion	NOUN
ftr-384	221	6	,	,	PUNCT
ftr-384	221	7	they	they	PRON
ftr-384	221	8	make	make	VERB
ftr-384	221	9	two	two	NUM
ftr-384	221	10	important	important	ADJ
ftr-384	221	11	assumptions	assumption	NOUN
ftr-384	221	12	,	,	PUNCT
ftr-384	221	13	which	which	PRON
ftr-384	221	14	will	will	AUX
ftr-384	221	15	be	be	AUX
ftr-384	221	16	described	describe	VERB
ftr-384	221	17	more	more	ADV
ftr-384	221	18	fully	fully	ADV
ftr-384	221	19	below	below	ADV
ftr-384	221	20	.	.	PUNCT
ftr-384	222	1	given	give	VERB
ftr-384	222	2	that	that	SCONJ
ftr-384	222	3	a	a	DET
ftr-384	222	4	territorial	territorial	ADJ
ftr-384	222	5	tax	tax	NOUN
ftr-384	222	6	would	would	AUX
ftr-384	222	7	not	not	PART
ftr-384	222	8	change	change	VERB
ftr-384	222	9	the	the	DET
ftr-384	222	10	effective	effective	ADJ
ftr-384	222	11	tax	tax	NOUN
ftr-384	222	12	rate	rate	NOUN
ftr-384	222	13	for	for	ADP
ftr-384	222	14	excess	excess	ADJ
ftr-384	222	15	-	-	PUNCT
ftr-384	222	16	credit	credit	NOUN
ftr-384	222	17	firms	firm	NOUN
ftr-384	222	18	and	and	CCONJ
ftr-384	222	19	would	would	AUX
ftr-384	222	20	actually	actually	ADV
ftr-384	222	21	increase	increase	VERB
ftr-384	222	22	the	the	DET
ftr-384	222	23	rate	rate	NOUN
ftr-384	222	24	for	for	ADP
ftr-384	222	25	excess	excess	ADJ
ftr-384	222	26	-	-	PUNCT
ftr-384	222	27	limitation	limitation	NOUN
ftr-384	222	28	firms	firm	NOUN
ftr-384	222	29	,	,	PUNCT
ftr-384	222	30	they	they	PRON
ftr-384	222	31	determine	determine	VERB
ftr-384	222	32	that	that	SCONJ
ftr-384	222	33	a	a	DET
ftr-384	222	34	territorial	territorial	ADJ
ftr-384	222	35	system	system	NOUN
ftr-384	222	36	is	be	AUX
ftr-384	222	37	unlikely	unlikely	ADJ
ftr-384	222	38	to	to	PART
ftr-384	222	39	encourage	encourage	VERB
ftr-384	222	40	more	more	ADJ
ftr-384	222	41	investment	investment	NOUN
ftr-384	222	42	in	in	ADP
ftr-384	222	43	low	low	ADJ
ftr-384	222	44	-	-	PUNCT
ftr-384	222	45	tax	tax	NOUN
ftr-384	222	46	jurisdictions	jurisdiction	NOUN
ftr-384	222	47	as	as	ADP
ftr-384	222	48	compared	compare	VERB
ftr-384	222	49	to	to	ADP
ftr-384	222	50	the	the	DET
ftr-384	222	51	current	current	ADJ
ftr-384	222	52	system	system	NOUN
ftr-384	222	53	.	.	PUNCT
ftr-384	223	1	46	46	NUM
ftr-384	223	2	.	.	PUNCT
ftr-384	224	1	a	a	DET
ftr-384	224	2	firm	firm	NOUN
ftr-384	224	3	is	be	AUX
ftr-384	224	4	excess	excess	ADJ
ftr-384	224	5	credit	credit	NOUN
ftr-384	224	6	if	if	SCONJ
ftr-384	224	7	its	its	PRON
ftr-384	224	8	foreign	foreign	ADJ
ftr-384	224	9	tax	tax	NOUN
ftr-384	224	10	payments	payment	NOUN
ftr-384	224	11	exceed	exceed	VERB
ftr-384	224	12	the	the	DET
ftr-384	224	13	amount	amount	NOUN
ftr-384	224	14	that	that	PRON
ftr-384	224	15	may	may	AUX
ftr-384	224	16	be	be	AUX
ftr-384	224	17	claimed	claim	VERB
ftr-384	224	18	as	as	ADP
ftr-384	224	19	a	a	DET
ftr-384	224	20	foreign	foreign	ADJ
ftr-384	224	21	tax	tax	NOUN
ftr-384	224	22	credit	credit	NOUN
ftr-384	224	23	.	.	PUNCT
ftr-384	225	1	in	in	ADP
ftr-384	225	2	that	that	DET
ftr-384	225	3	situation	situation	NOUN
ftr-384	225	4	,	,	PUNCT
ftr-384	225	5	the	the	DET
ftr-384	225	6	firm	firm	NOUN
ftr-384	225	7	is	be	AUX
ftr-384	225	8	in	in	ADP
ftr-384	225	9	the	the	DET
ftr-384	225	10	same	same	ADJ
ftr-384	225	11	tax	tax	NOUN
ftr-384	225	12	posture	posture	NOUN
ftr-384	225	13	as	as	SCONJ
ftr-384	225	14	though	though	SCONJ
ftr-384	225	15	the	the	DET
ftr-384	225	16	u.s	u.s	PROPN
ftr-384	225	17	.	.	PROPN
ftr-384	225	18	had	have	AUX
ftr-384	225	19	adopted	adopt	VERB
ftr-384	225	20	an	an	DET
ftr-384	225	21	exemption	exemption	NOUN
ftr-384	225	22	system	system	NOUN
ftr-384	225	23	.	.	PUNCT
ftr-384	226	1	for	for	ADP
ftr-384	226	2	example	example	NOUN
ftr-384	226	3	,	,	PUNCT
ftr-384	226	4	if	if	SCONJ
ftr-384	226	5	a	a	DET
ftr-384	226	6	u.s	u.s	PROPN
ftr-384	226	7	.	.	PROPN
ftr-384	226	8	taxpayer	taxpayer	NOUN
ftr-384	226	9	pays	pay	VERB
ftr-384	226	10	1,000	1,000	NUM
ftr-384	226	11	of	of	ADP
ftr-384	226	12	foreign	foreign	ADJ
ftr-384	226	13	tax	tax	NOUN
ftr-384	226	14	on	on	ADP
ftr-384	226	15	4,000	4,000	NUM
ftr-384	226	16	of	of	ADP
ftr-384	226	17	foreign	foreign	ADJ
ftr-384	226	18	income	income	NOUN
ftr-384	226	19	and	and	CCONJ
ftr-384	226	20	the	the	DET
ftr-384	226	21	u.s	u.s	PROPN
ftr-384	226	22	.	.	PROPN
ftr-384	226	23	tax	tax	NOUN
ftr-384	226	24	on	on	ADP
ftr-384	226	25	that	that	DET
ftr-384	226	26	income	income	NOUN
ftr-384	226	27	is	be	AUX
ftr-384	226	28	800	800	NUM
ftr-384	226	29	,	,	PUNCT
ftr-384	226	30	the	the	DET
ftr-384	226	31	u.s	u.s	PROPN
ftr-384	226	32	.	.	PROPN
ftr-384	226	33	taxpayer	taxpayer	NOUN
ftr-384	226	34	will	will	AUX
ftr-384	226	35	not	not	PART
ftr-384	226	36	owe	owe	VERB
ftr-384	226	37	any	any	DET
ftr-384	226	38	u.s	u.s	PROPN
ftr-384	226	39	.	.	PROPN
ftr-384	226	40	tax	tax	NOUN
ftr-384	226	41	with	with	ADP
ftr-384	226	42	respect	respect	NOUN
ftr-384	226	43	to	to	ADP
ftr-384	226	44	that	that	DET
ftr-384	226	45	income	income	NOUN
ftr-384	226	46	.	.	PUNCT
ftr-384	227	1	this	this	PRON
ftr-384	227	2	is	be	AUX
ftr-384	227	3	the	the	DET
ftr-384	227	4	result	result	NOUN
ftr-384	227	5	that	that	PRON
ftr-384	227	6	would	would	AUX
ftr-384	227	7	have	have	AUX
ftr-384	227	8	occurred	occur	VERB
ftr-384	227	9	had	have	AUX
ftr-384	227	10	the	the	DET
ftr-384	227	11	u.s	u.s	PROPN
ftr-384	227	12	.	.	PROPN
ftr-384	227	13	adopted	adopt	VERB
ftr-384	227	14	an	an	DET
ftr-384	227	15	exemption	exemption	NOUN
ftr-384	227	16	system	system	NOUN
ftr-384	227	17	.	.	PUNCT
ftr-384	228	1	paul	paul	PROPN
ftr-384	228	2	r.	r.	PROPN
ftr-384	228	3	mcdaniel	mcdaniel	PROPN
ftr-384	228	4	,	,	PUNCT
ftr-384	228	5	hugh	hugh	PROPN
ftr-384	228	6	j.	j.	PROPN
ftr-384	228	7	ault	ault	PROPN
ftr-384	228	8	&	&	CCONJ
ftr-384	228	9	james	james	PROPN
ftr-384	228	10	r.	r.	PROPN
ftr-384	228	11	repetti	repetti	PROPN
ftr-384	228	12	,	,	PUNCT
ftr-384	228	13	introduction	introduction	NOUN
ftr-384	228	14	to	to	ADP
ftr-384	228	15	united	united	PROPN
ftr-384	228	16	states	states	PROPN
ftr-384	228	17	international	international	PROPN
ftr-384	228	18	taxation	taxation	NOUN
ftr-384	228	19	89	89	NUM
ftr-384	228	20	5th	5th	ADJ
ftr-384	228	21	ed	ed	NOUN
ftr-384	228	22	.	.	PUNCT
ftr-384	228	23	(	(	PUNCT
ftr-384	228	24	2005	2005	NUM
ftr-384	228	25	)	)	PUNCT
ftr-384	228	26	.	.	PUNCT
ftr-384	229	1	47	47	NUM
ftr-384	229	2	.	.	PUNCT
ftr-384	230	1	altshuler	altshuler	PROPN
ftr-384	230	2	&	&	CCONJ
ftr-384	230	3	grubert	grubert	PROPN
ftr-384	230	4	,	,	PUNCT
ftr-384	230	5	supra	supra	PROPN
ftr-384	230	6	note	note	NOUN
ftr-384	230	7	5	5	NUM
ftr-384	230	8	,	,	PUNCT
ftr-384	230	9	at	at	ADP
ftr-384	230	10	798	798	NUM
ftr-384	230	11	.	.	PUNCT
ftr-384	230	12	48	48	NUM
ftr-384	230	13	.	.	PUNCT
ftr-384	231	1	i	i	PRON
ftr-384	231	2	d.	d.	PROPN
ftr-384	231	3	at	at	ADP
ftr-384	231	4	790	790	NUM
ftr-384	231	5	.	.	PUNCT
ftr-384	232	1	a	a	DET
ftr-384	232	2	firm	firm	NOUN
ftr-384	232	3	is	be	AUX
ftr-384	232	4	excess	excess	ADJ
ftr-384	232	5	limitation	limitation	NOUN
ftr-384	232	6	when	when	SCONJ
ftr-384	232	7	its	its	PRON
ftr-384	232	8	foreign	foreign	ADJ
ftr-384	232	9	tax	tax	NOUN
ftr-384	232	10	payments	payment	NOUN
ftr-384	232	11	are	be	AUX
ftr-384	232	12	less	less	ADJ
ftr-384	232	13	than	than	ADP
ftr-384	232	14	the	the	DET
ftr-384	232	15	u.s	u.s	PROPN
ftr-384	232	16	.	.	PROPN
ftr-384	232	17	limit	limit	NOUN
ftr-384	232	18	on	on	ADP
ftr-384	232	19	the	the	DET
ftr-384	232	20	foreign	foreign	ADJ
ftr-384	232	21	tax	tax	NOUN
ftr-384	232	22	credit	credit	NOUN
ftr-384	232	23	for	for	ADP
ftr-384	232	24	such	such	ADJ
ftr-384	232	25	income	income	NOUN
ftr-384	232	26	.	.	PUNCT
ftr-384	233	1	in	in	ADP
ftr-384	233	2	this	this	DET
ftr-384	233	3	situation	situation	NOUN
ftr-384	233	4	,	,	PUNCT
ftr-384	233	5	a	a	DET
ftr-384	233	6	firm	firm	NOUN
ftr-384	233	7	will	will	AUX
ftr-384	233	8	pay	pay	VERB
ftr-384	233	9	u.s	u.s	PROPN
ftr-384	233	10	.	.	PROPN
ftr-384	233	11	income	income	NOUN
ftr-384	233	12	tax	tax	NOUN
ftr-384	233	13	on	on	ADP
ftr-384	233	14	the	the	DET
ftr-384	233	15	foreign	foreign	ADJ
ftr-384	233	16	income	income	NOUN
ftr-384	233	17	to	to	ADP
ftr-384	233	18	the	the	DET
ftr-384	233	19	extent	extent	NOUN
ftr-384	233	20	the	the	DET
ftr-384	233	21	u.s	u.s	PROPN
ftr-384	233	22	.	.	PROPN
ftr-384	233	23	tax	tax	NOUN
ftr-384	233	24	exceeds	exceed	VERB
ftr-384	233	25	the	the	DET
ftr-384	233	26	foreign	foreign	ADJ
ftr-384	233	27	tax	tax	NOUN
ftr-384	233	28	.	.	PUNCT
ftr-384	234	1	for	for	ADP
ftr-384	234	2	example	example	NOUN
ftr-384	234	3	,	,	PUNCT
ftr-384	234	4	assume	assume	VERB
ftr-384	234	5	that	that	SCONJ
ftr-384	234	6	a	a	DET
ftr-384	234	7	firm	firm	NOUN
ftr-384	234	8	pays	pay	VERB
ftr-384	234	9	1000	1000	NUM
ftr-384	234	10	of	of	ADP
ftr-384	234	11	foreign	foreign	ADJ
ftr-384	234	12	tax	tax	NOUN
ftr-384	234	13	on	on	ADP
ftr-384	234	14	income	income	NOUN
ftr-384	234	15	of	of	ADP
ftr-384	234	16	4000	4000	NUM
ftr-384	234	17	,	,	PUNCT
ftr-384	234	18	and	and	CCONJ
ftr-384	234	19	that	that	SCONJ
ftr-384	234	20	the	the	DET
ftr-384	234	21	u.s	u.s	PROPN
ftr-384	234	22	.	.	PROPN
ftr-384	234	23	tax	tax	NOUN
ftr-384	234	24	on	on	ADP
ftr-384	234	25	that	that	DET
ftr-384	234	26	income	income	NOUN
ftr-384	234	27	is	be	AUX
ftr-384	234	28	1500	1500	NUM
ftr-384	234	29	.	.	PUNCT
ftr-384	235	1	after	after	ADP
ftr-384	235	2	claiming	claim	VERB
ftr-384	235	3	the	the	DET
ftr-384	235	4	1000	1000	NUM
ftr-384	235	5	foreign	foreign	ADJ
ftr-384	235	6	tax	tax	NOUN
ftr-384	235	7	credit	credit	NOUN
ftr-384	235	8	,	,	PUNCT
ftr-384	235	9	the	the	DET
ftr-384	235	10	taxpayer	taxpayer	NOUN
ftr-384	235	11	will	will	AUX
ftr-384	235	12	still	still	ADV
ftr-384	235	13	owe	owe	VERB
ftr-384	235	14	500	500	NUM
ftr-384	235	15	in	in	ADP
ftr-384	235	16	u.s	u.s	PROPN
ftr-384	235	17	.	.	PROPN
ftr-384	235	18	tax	tax	NOUN
ftr-384	235	19	.	.	PUNCT
ftr-384	236	1	the	the	DET
ftr-384	236	2	rationale	rationale	NOUN
ftr-384	236	3	for	for	ADP
ftr-384	236	4	altshuler	altshuler	NOUN
ftr-384	236	5	and	and	CCONJ
ftr-384	236	6	grubert	grubert	NOUN
ftr-384	236	7	's	's	PART
ftr-384	236	8	surprising	surprising	ADJ
ftr-384	236	9	result	result	NOUN
ftr-384	236	10	is	be	AUX
ftr-384	236	11	discussed	discuss	VERB
ftr-384	236	12	,	,	PUNCT
ftr-384	236	13	infra	infra	NOUN
ftr-384	236	14	,	,	PUNCT
ftr-384	236	15	at	at	ADP
ftr-384	236	16	the	the	DET
ftr-384	236	17	text	text	NOUN
ftr-384	236	18	accompanying	accompany	VERB
ftr-384	236	19	notes	note	NOUN
ftr-384	236	20	49	49	NUM
ftr-384	236	21	-	-	SYM
ftr-384	236	22	52	52	NUM
ftr-384	236	23	.	.	PUNCT
ftr-384	237	1	2007	2007	NUM
ftr-384	237	2	]	]	PUNCT
ftr-384	237	3	florida	florida	PROPN
ftr-384	237	4	tax	tax	PROPN
ftr-384	237	5	review	review	NOUN
ftr-384	237	6	altshuler	altshuler	NOUN
ftr-384	237	7	and	and	CCONJ
ftr-384	237	8	grubert	grubert	NOUN
ftr-384	237	9	's	's	PART
ftr-384	237	10	results	result	NOUN
ftr-384	237	11	are	be	AUX
ftr-384	237	12	reproduced	reproduce	VERB
ftr-384	237	13	below	below	ADV
ftr-384	237	14	.	.	PUNCT
ftr-384	238	1	altshuler	altshuler	NOUN
ftr-384	238	2	and	and	CCONJ
ftr-384	238	3	grubert	grubert	NOUN
ftr-384	238	4	table	table	NOUN
ftr-384	238	5	3	3	NUM
ftr-384	238	6	effective	effective	ADJ
ftr-384	238	7	tax	tax	NOUN
ftr-384	238	8	rates	rate	NOUN
ftr-384	238	9	for	for	ADP
ftr-384	238	10	investment	investment	NOUN
ftr-384	238	11	abroad	abroad	ADV
ftr-384	238	12	in	in	ADP
ftr-384	238	13	a	a	DET
ftr-384	238	14	low	low	ADJ
ftr-384	238	15	tax	tax	NOUN
ftr-384	238	16	country	country	NOUN
ftr-384	238	17	investment	investment	NOUN
ftr-384	238	18	comprised	comprise	VERB
ftr-384	238	19	of	of	ADP
ftr-384	238	20	:	:	PUNCT
ftr-384	238	21	all	all	DET
ftr-384	238	22	all	all	DET
ftr-384	238	23	85	85	NUM
ftr-384	238	24	%	%	NOUN
ftr-384	238	25	tangible	tangible	ADJ
ftr-384	238	26	and	and	CCONJ
ftr-384	238	27	tangible	tangible	ADJ
ftr-384	238	28	intangible	intangible	ADJ
ftr-384	238	29	15	15	NUM
ftr-384	238	30	%	%	NOUN
ftr-384	238	31	intangible	intangible	ADJ
ftr-384	238	32	assets	asset	NOUN
ftr-384	238	33	assets	asset	NOUN
ftr-384	238	34	assets	asset	NOUN
ftr-384	238	35	dividend	dividend	NOUN
ftr-384	238	36	exemption	exemption	NOUN
ftr-384	238	37	4.8	4.8	NUM
ftr-384	238	38	%	%	NOUN
ftr-384	238	39	35.0	35.0	NUM
ftr-384	238	40	%	%	NOUN
ftr-384	238	41	9.3	9.3	NUM
ftr-384	238	42	%	%	NOUN
ftr-384	238	43	current	current	ADJ
ftr-384	238	44	system	system	NOUN
ftr-384	238	45	(	(	PUNCT
ftr-384	238	46	assuming	assume	VERB
ftr-384	238	47	25	25	NUM
ftr-384	238	48	%	%	NOUN
ftr-384	238	49	of	of	ADP
ftr-384	238	50	firms	firm	NOUN
ftr-384	238	51	in	in	ADP
ftr-384	238	52	excess	excess	ADJ
ftr-384	238	53	credit	credit	NOUN
ftr-384	238	54	)	)	PUNCT
ftr-384	238	55	1.7	1.7	NUM
ftr-384	238	56	26.3	26.3	NUM
ftr-384	238	57	5.4	5.4	NUM
ftr-384	238	58	excess	excess	ADJ
ftr-384	238	59	limitation	limitation	NOUN
ftr-384	238	60	firms	firm	NOUN
ftr-384	238	61	0.7	0.7	NUM
ftr-384	238	62	35.0	35.0	NUM
ftr-384	238	63	5.8	5.8	NUM
ftr-384	238	64	excess	excess	ADJ
ftr-384	238	65	credit	credit	NOUN
ftr-384	238	66	firms	firm	NOUN
ftr-384	238	67	4.8	4.8	NUM
ftr-384	238	68	0.0	0.0	NUM
ftr-384	238	69	4.1	4.1	NUM
ftr-384	238	70	assumptions	assumption	NOUN
ftr-384	238	71	statutory	statutory	ADJ
ftr-384	238	72	and	and	CCONJ
ftr-384	238	73	effective	effective	ADJ
ftr-384	238	74	tax	tax	NOUN
ftr-384	238	75	rates	rate	NOUN
ftr-384	238	76	:	:	PUNCT
ftr-384	238	77	*	*	PUNCT
ftr-384	238	78	the	the	DET
ftr-384	238	79	u.s	u.s	PROPN
ftr-384	238	80	.	.	PROPN
ftr-384	238	81	statutory	statutory	ADJ
ftr-384	238	82	tax	tax	NOUN
ftr-384	238	83	rate	rate	NOUN
ftr-384	238	84	is	be	AUX
ftr-384	238	85	35	35	NUM
ftr-384	238	86	%	%	NOUN
ftr-384	238	87	*	*	PUNCT
ftr-384	239	1	the	the	DET
ftr-384	239	2	host	host	NOUN
ftr-384	239	3	country	country	NOUN
ftr-384	239	4	statutory	statutory	ADJ
ftr-384	239	5	tax	tax	NOUN
ftr-384	239	6	rate	rate	NOUN
ftr-384	239	7	and	and	CCONJ
ftr-384	239	8	effective	effective	ADJ
ftr-384	239	9	tax	tax	NOUN
ftr-384	239	10	rate	rate	NOUN
ftr-384	239	11	is	be	AUX
ftr-384	239	12	7	7	NUM
ftr-384	239	13	%	%	NOUN
ftr-384	239	14	investment	investment	NOUN
ftr-384	239	15	financing	financing	NOUN
ftr-384	239	16	:	:	PUNCT
ftr-384	239	17	tangible	tangible	ADJ
ftr-384	239	18	capital	capital	NOUN
ftr-384	239	19	receives	receive	VERB
ftr-384	239	20	economic	economic	ADJ
ftr-384	239	21	depreciation	depreciation	NOUN
ftr-384	239	22	allowances	allowance	NOUN
ftr-384	239	23	and	and	CCONJ
ftr-384	239	24	no	no	DET
ftr-384	239	25	investment	investment	NOUN
ftr-384	239	26	tax	tax	NOUN
ftr-384	239	27	credits	credit	NOUN
ftr-384	239	28	intangible	intangible	ADJ
ftr-384	239	29	capital	capital	NOUN
ftr-384	239	30	generates	generate	VERB
ftr-384	239	31	royalty	royalty	NOUN
ftr-384	239	32	income	income	NOUN
ftr-384	239	33	,	,	PUNCT
ftr-384	239	34	which	which	PRON
ftr-384	239	35	is	be	AUX
ftr-384	239	36	deductible	deductible	ADJ
ftr-384	239	37	in	in	ADP
ftr-384	239	38	the	the	DET
ftr-384	239	39	host	host	NOUN
ftr-384	239	40	country	country	NOUN
ftr-384	239	41	but	but	CCONJ
ftr-384	239	42	taxable	taxable	ADJ
ftr-384	239	43	in	in	ADP
ftr-384	239	44	the	the	DET
ftr-384	239	45	united	united	PROPN
ftr-384	239	46	states	states	PROPN
ftr-384	239	47	"	"	PUNCT
ftr-384	239	48	other	other	ADJ
ftr-384	239	49	"	"	PUNCT
ftr-384	239	50	overhead	overhead	ADJ
ftr-384	239	51	expenses	expense	NOUN
ftr-384	239	52	(	(	PUNCT
ftr-384	239	53	expenses	expense	NOUN
ftr-384	239	54	besides	besides	SCONJ
ftr-384	239	55	interest	interest	NOUN
ftr-384	239	56	and	and	CCONJ
ftr-384	239	57	r&d	r&d	NOUN
ftr-384	239	58	)	)	PUNCT
ftr-384	239	59	account	account	VERB
ftr-384	239	60	for	for	ADP
ftr-384	239	61	10	10	NUM
ftr-384	239	62	%	%	NOUN
ftr-384	239	63	of	of	ADP
ftr-384	239	64	the	the	DET
ftr-384	239	65	pre	pre	ADJ
ftr-384	239	66	-	-	ADJ
ftr-384	239	67	tax	tax	ADJ
ftr-384	239	68	required	require	VERB
ftr-384	239	69	rate	rate	NOUN
ftr-384	239	70	of	of	ADP
ftr-384	239	71	retum	retum	PROPN
ftr-384	239	72	(	(	PUNCT
ftr-384	239	73	net	net	ADJ
ftr-384	239	74	depreciation	depreciation	NOUN
ftr-384	239	75	)	)	PUNCT
ftr-384	239	76	on	on	ADP
ftr-384	239	77	capital	capital	ADJ
ftr-384	239	78	marginal	marginal	ADJ
ftr-384	239	79	tangible	tangible	ADJ
ftr-384	239	80	investment	investment	NOUN
ftr-384	239	81	is	be	AUX
ftr-384	239	82	funded	fund	VERB
ftr-384	239	83	one	one	NUM
ftr-384	239	84	-	-	PUNCT
ftr-384	239	85	third	third	NOUN
ftr-384	239	86	with	with	ADP
ftr-384	239	87	debt	debt	NOUN
ftr-384	239	88	and	and	CCONJ
ftr-384	239	89	two	two	NUM
ftr-384	239	90	-	-	PUNCT
ftr-384	239	91	thirds	third	NOUN
ftr-384	239	92	with	with	ADP
ftr-384	239	93	equity	equity	NOUN
ftr-384	239	94	the	the	DET
ftr-384	239	95	required	required	ADJ
ftr-384	239	96	after	after	ADP
ftr-384	239	97	-	-	PUNCT
ftr-384	239	98	tax	tax	NOUN
ftr-384	239	99	rate	rate	NOUN
ftr-384	239	100	of	of	ADP
ftr-384	239	101	return	return	NOUN
ftr-384	239	102	on	on	ADP
ftr-384	239	103	capital	capital	NOUN
ftr-384	239	104	equals	equal	VERB
ftr-384	239	105	the	the	DET
ftr-384	239	106	real	real	ADJ
ftr-384	239	107	interest	interest	NOUN
ftr-384	239	108	rate	rate	NOUN
ftr-384	239	109	firms	firm	NOUN
ftr-384	239	110	repatriate	repatriate	VERB
ftr-384	239	111	7	7	NUM
ftr-384	239	112	%	%	NOUN
ftr-384	239	113	of	of	ADP
ftr-384	239	114	net	net	ADJ
ftr-384	239	115	host	host	NOUN
ftr-384	239	116	tax	tax	NOUN
ftr-384	239	117	earnings	earning	NOUN
ftr-384	239	118	on	on	ADP
ftr-384	239	119	marginal	marginal	ADJ
ftr-384	239	120	tangible	tangible	ADJ
ftr-384	239	121	capital	capital	NOUN
ftr-384	239	122	and	and	CCONJ
ftr-384	239	123	gross	gross	ADJ
ftr-384	239	124	-	-	PUNCT
ftr-384	239	125	up	up	NOUN
ftr-384	239	126	dividends	dividend	NOUN
ftr-384	239	127	for	for	ADP
ftr-384	239	128	the	the	DET
ftr-384	239	129	purpose	purpose	NOUN
ftr-384	239	130	of	of	ADP
ftr-384	239	131	the	the	DET
ftr-384	239	132	foreign	foreign	ADJ
ftr-384	239	133	tax	tax	NOUN
ftr-384	239	134	credit	credit	NOUN
ftr-384	239	135	at	at	ADP
ftr-384	239	136	15	15	NUM
ftr-384	239	137	%	%	NOUN
ftr-384	239	138	the	the	DET
ftr-384	239	139	deadweight	deadweight	NOUN
ftr-384	239	140	loss	loss	NOUN
ftr-384	239	141	from	from	ADP
ftr-384	239	142	restricting	restrict	VERB
ftr-384	239	143	dividend	dividend	NOUN
ftr-384	239	144	repatriations	repatriation	NOUN
ftr-384	239	145	for	for	ADP
ftr-384	239	146	firms	firm	NOUN
ftr-384	239	147	in	in	ADP
ftr-384	239	148	excess	excess	ADJ
ftr-384	239	149	limitation	limitation	NOUN
ftr-384	239	150	is	be	AUX
ftr-384	239	151	1.7	1.7	NUM
ftr-384	239	152	%	%	NOUN
ftr-384	239	153	of	of	ADP
ftr-384	239	154	net	net	ADJ
ftr-384	239	155	host	host	NOUN
ftr-384	239	156	tax	tax	NOUN
ftr-384	239	157	earnings	earning	NOUN
ftr-384	239	158	on	on	ADP
ftr-384	239	159	marginal	marginal	ADJ
ftr-384	239	160	tangible	tangible	ADJ
ftr-384	239	161	capital	capital	NOUN
ftr-384	240	1	[	[	X
ftr-384	240	2	vol	vol	NOUN
ftr-384	240	3	.	.	PUNCT
ftr-384	240	4	8:3	8:3	NUM
ftr-384	240	5	will	will	AUX
ftr-384	240	6	u.s	u.s	PROPN
ftr-384	240	7	.	.	PROPN
ftr-384	240	8	investment	investment	NOUN
ftr-384	240	9	go	go	VERB
ftr-384	240	10	abroad	abroad	ADV
ftr-384	240	11	in	in	ADP
ftr-384	240	12	a	a	DET
ftr-384	240	13	territorial	territorial	ADJ
ftr-384	240	14	tax	tax	NOUN
ftr-384	240	15	interest	interest	NOUN
ftr-384	240	16	and	and	CCONJ
ftr-384	240	17	"	"	PUNCT
ftr-384	240	18	other	other	ADJ
ftr-384	240	19	"	"	PUNCT
ftr-384	240	20	overhead	overhead	ADJ
ftr-384	240	21	deductions	deduction	NOUN
ftr-384	240	22	:	:	PUNCT
ftr-384	240	23	*	*	PUNCT
ftr-384	240	24	under	under	ADP
ftr-384	240	25	the	the	DET
ftr-384	240	26	current	current	ADJ
ftr-384	240	27	system	system	NOUN
ftr-384	240	28	,	,	PUNCT
ftr-384	240	29	firms	firm	NOUN
ftr-384	240	30	in	in	ADP
ftr-384	240	31	excess	excess	ADJ
ftr-384	240	32	limitation	limitation	NOUN
ftr-384	240	33	deduct	deduct	VERB
ftr-384	240	34	50	50	NUM
ftr-384	240	35	%	%	NOUN
ftr-384	240	36	of	of	ADP
ftr-384	240	37	interest	interest	NOUN
ftr-384	240	38	expense	expense	NOUN
ftr-384	240	39	and	and	CCONJ
ftr-384	240	40	75	75	NUM
ftr-384	240	41	%	%	NOUN
ftr-384	240	42	of	of	ADP
ftr-384	240	43	"	"	PUNCT
ftr-384	240	44	other	other	ADJ
ftr-384	240	45	"	"	PUNCT
ftr-384	240	46	overhead	overhead	ADJ
ftr-384	240	47	expenses	expense	NOUN
ftr-384	240	48	against	against	ADP
ftr-384	240	49	the	the	DET
ftr-384	240	50	u.s	u.s	PROPN
ftr-384	240	51	.	.	PROPN
ftr-384	240	52	or	or	CCONJ
ftr-384	240	53	other	other	ADJ
ftr-384	240	54	high	high	ADJ
ftr-384	240	55	-	-	PUNCT
ftr-384	240	56	tax	tax	NOUN
ftr-384	240	57	income	income	NOUN
ftr-384	240	58	.	.	PUNCT
ftr-384	241	1	firms	firm	NOUN
ftr-384	241	2	in	in	ADP
ftr-384	241	3	excess	excess	ADJ
ftr-384	241	4	credit	credit	NOUN
ftr-384	241	5	deduct	deduct	NOUN
ftr-384	241	6	100	100	NUM
ftr-384	241	7	%	%	NOUN
ftr-384	241	8	of	of	ADP
ftr-384	241	9	interest	interest	NOUN
ftr-384	241	10	expense	expense	NOUN
ftr-384	241	11	at	at	ADP
ftr-384	241	12	the	the	DET
ftr-384	241	13	7	7	NUM
ftr-384	241	14	%	%	NOUN
ftr-384	241	15	rate	rate	NOUN
ftr-384	241	16	and	and	CCONJ
ftr-384	241	17	lose	lose	VERB
ftr-384	241	18	the	the	DET
ftr-384	241	19	advantage	advantage	NOUN
ftr-384	241	20	of	of	ADP
ftr-384	241	21	deducting	deduct	VERB
ftr-384	241	22	overhead	overhead	NOUN
ftr-384	241	23	at	at	ADP
ftr-384	241	24	the	the	DET
ftr-384	241	25	35	35	NUM
ftr-384	241	26	%	%	NOUN
ftr-384	241	27	rate	rate	NOUN
ftr-384	241	28	.	.	PUNCT
ftr-384	242	1	under	under	ADP
ftr-384	242	2	exemption	exemption	NOUN
ftr-384	242	3	,	,	PUNCT
ftr-384	242	4	allocation	allocation	NOUN
ftr-384	242	5	rules	rule	NOUN
ftr-384	242	6	require	require	VERB
ftr-384	242	7	that	that	SCONJ
ftr-384	242	8	all	all	DET
ftr-384	242	9	expenses	expense	NOUN
ftr-384	242	10	be	be	AUX
ftr-384	242	11	allocated	allocate	VERB
ftr-384	242	12	against	against	ADP
ftr-384	242	13	exempt	exempt	ADJ
ftr-384	242	14	income	income	NOUN
ftr-384	242	15	.	.	PUNCT
ftr-384	243	1	firms	firm	NOUN
ftr-384	243	2	deduct	deduct	VERB
ftr-384	243	3	100	100	NUM
ftr-384	243	4	%	%	NOUN
ftr-384	243	5	of	of	ADP
ftr-384	243	6	interest	interest	NOUN
ftr-384	243	7	expense	expense	NOUN
ftr-384	243	8	at	at	ADP
ftr-384	243	9	the	the	DET
ftr-384	243	10	7	7	NUM
ftr-384	243	11	%	%	NOUN
ftr-384	243	12	rate	rate	NOUN
ftr-384	243	13	and	and	CCONJ
ftr-384	243	14	lose	lose	VERB
ftr-384	243	15	the	the	DET
ftr-384	243	16	advantage	advantage	NOUN
ftr-384	243	17	of	of	ADP
ftr-384	243	18	deducting	deduct	VERB
ftr-384	243	19	overhead	overhead	NOUN
ftr-384	243	20	at	at	ADP
ftr-384	243	21	the	the	DET
ftr-384	243	22	35	35	NUM
ftr-384	243	23	%	%	NOUN
ftr-384	243	24	rate	rate	NOUN
ftr-384	243	25	.	.	PUNCT
ftr-384	244	1	there	there	PRON
ftr-384	244	2	are	be	VERB
ftr-384	244	3	several	several	ADJ
ftr-384	244	4	interesting	interesting	ADJ
ftr-384	244	5	features	feature	NOUN
ftr-384	244	6	in	in	ADP
ftr-384	244	7	their	their	PRON
ftr-384	244	8	results	result	NOUN
ftr-384	244	9	that	that	PRON
ftr-384	244	10	merit	merit	VERB
ftr-384	244	11	further	further	ADJ
ftr-384	244	12	attention	attention	NOUN
ftr-384	244	13	.	.	PUNCT
ftr-384	245	1	as	as	SCONJ
ftr-384	245	2	shown	show	VERB
ftr-384	245	3	in	in	ADP
ftr-384	245	4	column	column	NOUN
ftr-384	245	5	one	one	NUM
ftr-384	245	6	,	,	PUNCT
ftr-384	245	7	the	the	DET
ftr-384	245	8	aggregate	aggregate	ADJ
ftr-384	245	9	current	current	ADJ
ftr-384	245	10	effective	effective	ADJ
ftr-384	245	11	tax	tax	NOUN
ftr-384	245	12	rate	rate	NOUN
ftr-384	245	13	for	for	ADP
ftr-384	245	14	a	a	DET
ftr-384	245	15	firm	firm	NOUN
ftr-384	245	16	with	with	ADP
ftr-384	245	17	excess	excess	ADJ
ftr-384	245	18	credits	credit	NOUN
ftr-384	245	19	investing	invest	VERB
ftr-384	245	20	in	in	ADP
ftr-384	245	21	a	a	DET
ftr-384	245	22	low	low	ADJ
ftr-384	245	23	-	-	PUNCT
ftr-384	245	24	tax	tax	NOUN
ftr-384	245	25	country	country	NOUN
ftr-384	245	26	is	be	AUX
ftr-384	245	27	calculated	calculate	VERB
ftr-384	245	28	to	to	PART
ftr-384	245	29	be	be	AUX
ftr-384	245	30	4.8	4.8	NUM
ftr-384	245	31	%	%	NOUN
ftr-384	245	32	.	.	PUNCT
ftr-384	246	1	altshuler	altshuler	NOUN
ftr-384	246	2	and	and	CCONJ
ftr-384	246	3	grubert	grubert	NOUN
ftr-384	246	4	determine	determine	VERB
ftr-384	246	5	that	that	SCONJ
ftr-384	246	6	the	the	DET
ftr-384	246	7	effective	effective	ADJ
ftr-384	246	8	tax	tax	NOUN
ftr-384	246	9	rate	rate	NOUN
ftr-384	246	10	in	in	ADP
ftr-384	246	11	a	a	DET
ftr-384	246	12	territorial	territorial	ADJ
ftr-384	246	13	system	system	NOUN
ftr-384	246	14	for	for	ADP
ftr-384	246	15	such	such	ADJ
ftr-384	246	16	firms	firm	NOUN
ftr-384	246	17	would	would	AUX
ftr-384	246	18	be	be	AUX
ftr-384	246	19	the	the	DET
ftr-384	246	20	same	same	ADJ
ftr-384	246	21	.	.	PUNCT
ftr-384	247	1	this	this	PRON
ftr-384	247	2	is	be	AUX
ftr-384	247	3	expected	expect	VERB
ftr-384	247	4	since	since	SCONJ
ftr-384	247	5	firms	firm	NOUN
ftr-384	247	6	with	with	ADP
ftr-384	247	7	excess	excess	ADJ
ftr-384	247	8	credits	credit	NOUN
ftr-384	247	9	are	be	AUX
ftr-384	247	10	essentially	essentially	ADV
ftr-384	247	11	exempt	exempt	ADJ
ftr-384	247	12	from	from	ADP
ftr-384	247	13	u.s	u.s	PROPN
ftr-384	247	14	.	.	PROPN
ftr-384	247	15	tax	tax	NOUN
ftr-384	247	16	on	on	ADP
ftr-384	247	17	dividend	dividend	NOUN
ftr-384	247	18	repatriations	repatriation	NOUN
ftr-384	247	19	.	.	PUNCT
ftr-384	248	1	but	but	CCONJ
ftr-384	248	2	,	,	PUNCT
ftr-384	248	3	surprisingly	surprisingly	ADV
ftr-384	248	4	,	,	PUNCT
ftr-384	248	5	altshuler	altshuler	NOUN
ftr-384	248	6	and	and	CCONJ
ftr-384	248	7	grubert	grubert	NOUN
ftr-384	248	8	calculate	calculate	NOUN
ftr-384	248	9	that	that	SCONJ
ftr-384	248	10	the	the	DET
ftr-384	248	11	current	current	ADJ
ftr-384	248	12	effective	effective	ADJ
ftr-384	248	13	tax	tax	NOUN
ftr-384	248	14	rate	rate	NOUN
ftr-384	248	15	for	for	ADP
ftr-384	248	16	firms	firm	NOUN
ftr-384	248	17	that	that	PRON
ftr-384	248	18	are	be	AUX
ftr-384	248	19	excess	excess	ADJ
ftr-384	248	20	limitation	limitation	NOUN
ftr-384	248	21	is	be	AUX
ftr-384	248	22	lower	low	ADJ
ftr-384	248	23	than	than	ADP
ftr-384	248	24	the	the	DET
ftr-384	248	25	rate	rate	NOUN
ftr-384	248	26	that	that	PRON
ftr-384	248	27	would	would	AUX
ftr-384	248	28	exist	exist	VERB
ftr-384	248	29	in	in	ADP
ftr-384	248	30	a	a	DET
ftr-384	248	31	territorial	territorial	ADJ
ftr-384	248	32	system	system	NOUN
ftr-384	248	33	.	.	PUNCT
ftr-384	249	1	this	this	PRON
ftr-384	249	2	is	be	AUX
ftr-384	249	3	surprising	surprising	ADJ
ftr-384	249	4	because	because	SCONJ
ftr-384	249	5	one	one	PRON
ftr-384	249	6	would	would	AUX
ftr-384	249	7	expect	expect	VERB
ftr-384	249	8	firms	firm	NOUN
ftr-384	249	9	that	that	PRON
ftr-384	249	10	are	be	AUX
ftr-384	249	11	excess	excess	ADJ
ftr-384	249	12	limitation	limitation	NOUN
ftr-384	249	13	to	to	PART
ftr-384	249	14	incur	incur	VERB
ftr-384	249	15	currently	currently	ADV
ftr-384	249	16	a	a	DET
ftr-384	249	17	higher	high	ADJ
ftr-384	249	18	tax	tax	NOUN
ftr-384	249	19	liability	liability	NOUN
ftr-384	249	20	than	than	SCONJ
ftr-384	249	21	they	they	PRON
ftr-384	249	22	would	would	AUX
ftr-384	249	23	in	in	ADP
ftr-384	249	24	a	a	DET
ftr-384	249	25	territorial	territorial	ADJ
ftr-384	249	26	system	system	NOUN
ftr-384	249	27	since	since	SCONJ
ftr-384	249	28	excess	excess	ADJ
ftr-384	249	29	limitation	limitation	NOUN
ftr-384	249	30	means	mean	VERB
ftr-384	249	31	that	that	SCONJ
ftr-384	249	32	they	they	PRON
ftr-384	249	33	will	will	AUX
ftr-384	249	34	pay	pay	VERB
ftr-384	249	35	a	a	DET
ftr-384	249	36	u.s	u.s	PROPN
ftr-384	249	37	.	.	PROPN
ftr-384	249	38	tax	tax	NOUN
ftr-384	249	39	on	on	ADP
ftr-384	249	40	foreign	foreign	PROPN
ftr-384	249	41	income.49	income.49	NOUN
ftr-384	249	42	altshuler	altshuler	NOUN
ftr-384	249	43	and	and	CCONJ
ftr-384	249	44	grubert	grubert	NOUN
ftr-384	249	45	make	make	VERB
ftr-384	249	46	two	two	NUM
ftr-384	249	47	significant	significant	ADJ
ftr-384	249	48	assumptions	assumption	NOUN
ftr-384	249	49	that	that	PRON
ftr-384	249	50	account	account	VERB
ftr-384	249	51	for	for	ADP
ftr-384	249	52	this	this	DET
ftr-384	249	53	unexpected	unexpected	ADJ
ftr-384	249	54	result	result	NOUN
ftr-384	249	55	.	.	PUNCT
ftr-384	250	1	first	first	ADV
ftr-384	250	2	,	,	PUNCT
ftr-384	250	3	they	they	PRON
ftr-384	250	4	assume	assume	VERB
ftr-384	250	5	that	that	SCONJ
ftr-384	250	6	firms	firm	NOUN
ftr-384	250	7	in	in	ADP
ftr-384	250	8	our	our	PRON
ftr-384	250	9	current	current	ADJ
ftr-384	250	10	system	system	NOUN
ftr-384	250	11	are	be	AUX
ftr-384	250	12	subject	subject	ADJ
ftr-384	250	13	to	to	ADP
ftr-384	250	14	an	an	DET
ftr-384	250	15	effective	effective	ADJ
ftr-384	250	16	u.s	u.s	PROPN
ftr-384	250	17	.	.	PROPN
ftr-384	250	18	tax	tax	NOUN
ftr-384	250	19	rate	rate	NOUN
ftr-384	250	20	of	of	ADP
ftr-384	250	21	only	only	ADV
ftr-384	250	22	3.3	3.3	NUM
ftr-384	250	23	%	%	NOUN
ftr-384	250	24	on	on	ADP
ftr-384	250	25	dividend	dividend	NOUN
ftr-384	250	26	repatriations	repatriation	NOUN
ftr-384	250	27	because	because	SCONJ
ftr-384	250	28	they	they	PRON
ftr-384	250	29	can	can	AUX
ftr-384	250	30	time	time	VERB
ftr-384	250	31	the	the	DET
ftr-384	250	32	repatriation	repatriation	NOUN
ftr-384	250	33	of	of	ADP
ftr-384	250	34	their	their	PRON
ftr-384	250	35	foreign	foreign	ADJ
ftr-384	250	36	subsidiaries	subsidiary	NOUN
ftr-384	250	37	'	'	PART
ftr-384	250	38	income	income	NOUN
ftr-384	250	39	to	to	PART
ftr-384	250	40	minimize	minimize	VERB
ftr-384	250	41	tax.5	tax.5	NOUN
ftr-384	250	42	"	"	PUNCT
ftr-384	250	43	second	second	ADJ
ftr-384	250	44	,	,	PUNCT
ftr-384	250	45	they	they	PRON
ftr-384	250	46	assume	assume	VERB
ftr-384	250	47	that	that	SCONJ
ftr-384	250	48	excess	excess	ADJ
ftr-384	250	49	-	-	PUNCT
ftr-384	250	50	limitation	limitation	NOUN
ftr-384	250	51	firms	firm	NOUN
ftr-384	250	52	currently	currently	ADV
ftr-384	250	53	are	be	AUX
ftr-384	250	54	able	able	ADJ
ftr-384	250	55	to	to	PART
ftr-384	250	56	allocate	allocate	VERB
ftr-384	250	57	75	75	NUM
ftr-384	250	58	%	%	NOUN
ftr-384	250	59	of	of	ADP
ftr-384	250	60	their	their	PRON
ftr-384	250	61	overhead	overhead	ADJ
ftr-384	250	62	expenses	expense	NOUN
ftr-384	250	63	(	(	PUNCT
ftr-384	250	64	other	other	ADJ
ftr-384	250	65	than	than	ADP
ftr-384	250	66	interest	interest	NOUN
ftr-384	250	67	and	and	CCONJ
ftr-384	250	68	research	research	NOUN
ftr-384	250	69	and	and	CCONJ
ftr-384	250	70	development	development	NOUN
ftr-384	250	71	expenses	expense	NOUN
ftr-384	250	72	)	)	PUNCT
ftr-384	250	73	to	to	ADP
ftr-384	250	74	high	high	ADJ
ftr-384	250	75	-	-	PUNCT
ftr-384	250	76	tax	tax	NOUN
ftr-384	250	77	jurisdictions	jurisdiction	NOUN
ftr-384	250	78	such	such	ADJ
ftr-384	250	79	as	as	ADP
ftr-384	250	80	the	the	DET
ftr-384	250	81	u.s	u.s	PROPN
ftr-384	250	82	.	.	PROPN
ftr-384	250	83	and	and	CCONJ
ftr-384	250	84	,	,	PUNCT
ftr-384	250	85	as	as	ADP
ftr-384	250	86	a	a	DET
ftr-384	250	87	result	result	NOUN
ftr-384	250	88	,	,	PUNCT
ftr-384	250	89	generate	generate	VERB
ftr-384	250	90	significant	significant	ADJ
ftr-384	250	91	tax	tax	NOUN
ftr-384	250	92	savings	saving	NOUN
ftr-384	250	93	from	from	ADP
ftr-384	250	94	such	such	ADJ
ftr-384	250	95	deductions.5	deductions.5	NOUN
ftr-384	250	96	'	'	PUNCT
ftr-384	250	97	in	in	ADP
ftr-384	250	98	contrast	contrast	NOUN
ftr-384	250	99	,	,	PUNCT
ftr-384	250	100	they	they	PRON
ftr-384	250	101	assume	assume	VERB
ftr-384	250	102	that	that	SCONJ
ftr-384	250	103	in	in	ADP
ftr-384	250	104	a	a	DET
ftr-384	250	105	territorial	territorial	ADJ
ftr-384	250	106	system	system	NOUN
ftr-384	250	107	such	such	ADJ
ftr-384	250	108	firms	firm	NOUN
ftr-384	250	109	would	would	AUX
ftr-384	250	110	be	be	AUX
ftr-384	250	111	required	require	VERB
ftr-384	250	112	to	to	PART
ftr-384	250	113	allocate	allocate	VERB
ftr-384	250	114	their	their	PRON
ftr-384	250	115	overhead	overhead	ADJ
ftr-384	250	116	expenses	expense	NOUN
ftr-384	250	117	to	to	ADP
ftr-384	250	118	the	the	DET
ftr-384	250	119	exempt	exempt	ADJ
ftr-384	250	120	income	income	NOUN
ftr-384	250	121	,	,	PUNCT
ftr-384	250	122	thereby	thereby	ADV
ftr-384	250	123	generating	generate	VERB
ftr-384	250	124	no	no	DET
ftr-384	250	125	u.s	u.s	PROPN
ftr-384	250	126	.	.	PROPN
ftr-384	250	127	tax	tax	NOUN
ftr-384	250	128	benefit.52	benefit.52	PROPN
ftr-384	250	129	altshuler	altshuler	NOUN
ftr-384	250	130	and	and	CCONJ
ftr-384	250	131	grubert	grubert	NOUN
ftr-384	250	132	also	also	ADV
ftr-384	250	133	predict	predict	VERB
ftr-384	250	134	that	that	SCONJ
ftr-384	250	135	a	a	DET
ftr-384	250	136	territorial	territorial	ADJ
ftr-384	250	137	system	system	NOUN
ftr-384	250	138	will	will	AUX
ftr-384	250	139	increase	increase	VERB
ftr-384	250	140	the	the	DET
ftr-384	250	141	tax	tax	NOUN
ftr-384	250	142	burden	burden	NOUN
ftr-384	250	143	on	on	ADP
ftr-384	250	144	royalty	royalty	NOUN
ftr-384	250	145	income	income	NOUN
ftr-384	250	146	from	from	ADP
ftr-384	250	147	licensing	license	VERB
ftr-384	250	148	intangibles	intangible	NOUN
ftr-384	250	149	.	.	PUNCT
ftr-384	251	1	royalty	royalty	NOUN
ftr-384	251	2	income	income	NOUN
ftr-384	251	3	is	be	AUX
ftr-384	251	4	taxable	taxable	ADJ
ftr-384	251	5	in	in	ADP
ftr-384	251	6	our	our	PRON
ftr-384	251	7	current	current	ADJ
ftr-384	251	8	global	global	ADJ
ftr-384	251	9	system	system	NOUN
ftr-384	251	10	,	,	PUNCT
ftr-384	251	11	but	but	CCONJ
ftr-384	251	12	since	since	SCONJ
ftr-384	251	13	a	a	DET
ftr-384	251	14	territorial	territorial	ADJ
ftr-384	251	15	system	system	NOUN
ftr-384	251	16	would	would	AUX
ftr-384	251	17	lack	lack	VERB
ftr-384	251	18	foreign	foreign	ADJ
ftr-384	251	19	tax	tax	NOUN
ftr-384	251	20	credits	credit	NOUN
ftr-384	251	21	for	for	ADP
ftr-384	251	22	income	income	NOUN
ftr-384	251	23	not	not	PART
ftr-384	251	24	subject	subject	ADJ
ftr-384	251	25	to	to	ADP
ftr-384	251	26	u.s	u.s	PROPN
ftr-384	251	27	.	.	PROPN
ftr-384	251	28	tax	tax	NOUN
ftr-384	251	29	,	,	PUNCT
ftr-384	251	30	the	the	DET
ftr-384	251	31	credit	credit	NOUN
ftr-384	251	32	would	would	AUX
ftr-384	251	33	not	not	PART
ftr-384	251	34	be	be	AUX
ftr-384	251	35	available	available	ADJ
ftr-384	251	36	in	in	ADP
ftr-384	251	37	a	a	DET
ftr-384	251	38	territorial	territorial	ADJ
ftr-384	251	39	system	system	NOUN
ftr-384	251	40	to	to	PART
ftr-384	251	41	shelter	shelter	VERB
ftr-384	251	42	royalty	royalty	NOUN
ftr-384	251	43	income	income	NOUN
ftr-384	251	44	.	.	PUNCT
ftr-384	252	1	their	their	PRON
ftr-384	252	2	calculations	calculation	NOUN
ftr-384	252	3	in	in	ADP
ftr-384	252	4	column	column	NOUN
ftr-384	252	5	two	two	NUM
ftr-384	252	6	show	show	VERB
ftr-384	252	7	that	that	SCONJ
ftr-384	252	8	excess	excess	ADJ
ftr-384	252	9	credit	credit	NOUN
ftr-384	252	10	firms	firm	NOUN
ftr-384	252	11	,	,	PUNCT
ftr-384	252	12	which	which	PRON
ftr-384	252	13	own	own	VERB
ftr-384	252	14	a	a	DET
ftr-384	252	15	subsidiary	subsidiary	NOUN
ftr-384	252	16	whose	whose	DET
ftr-384	252	17	assets	asset	NOUN
ftr-384	252	18	consist	consist	VERB
ftr-384	252	19	entirely	entirely	ADV
ftr-384	252	20	of	of	ADP
ftr-384	252	21	intangibles	intangible	NOUN
ftr-384	252	22	and	and	CCONJ
ftr-384	252	23	which	which	PRON
ftr-384	252	24	receive	receive	VERB
ftr-384	252	25	49	49	NUM
ftr-384	252	26	.	.	PUNCT
ftr-384	253	1	see	see	VERB
ftr-384	253	2	supra	supra	PROPN
ftr-384	253	3	note	note	PROPN
ftr-384	253	4	48	48	NUM
ftr-384	253	5	.	.	PUNCT
ftr-384	254	1	50	50	NUM
ftr-384	254	2	.	.	X
ftr-384	255	1	altshuler	altshuler	PROPN
ftr-384	255	2	&	&	CCONJ
ftr-384	255	3	grubert	grubert	PROPN
ftr-384	255	4	,	,	PUNCT
ftr-384	255	5	supra	supra	PROPN
ftr-384	255	6	note	note	NOUN
ftr-384	255	7	5	5	NUM
ftr-384	255	8	at	at	ADP
ftr-384	255	9	797	797	NUM
ftr-384	255	10	-	-	SYM
ftr-384	255	11	98	98	NUM
ftr-384	255	12	.	.	PUNCT
ftr-384	256	1	51	51	NUM
ftr-384	256	2	.	.	PUNCT
ftr-384	257	1	i	i	PRON
ftr-384	257	2	d.	d.	PROPN
ftr-384	257	3	at	at	ADP
ftr-384	257	4	795	795	NUM
ftr-384	257	5	,	,	PUNCT
ftr-384	257	6	801	801	NUM
ftr-384	257	7	.	.	PUNCT
ftr-384	258	1	firms	firm	NOUN
ftr-384	258	2	that	that	PRON
ftr-384	258	3	are	be	AUX
ftr-384	258	4	excess	excess	ADJ
ftr-384	258	5	credit	credit	NOUN
ftr-384	258	6	are	be	AUX
ftr-384	258	7	assumed	assume	VERB
ftr-384	258	8	not	not	PART
ftr-384	258	9	to	to	PART
ftr-384	258	10	deduct	deduct	VERB
ftr-384	258	11	the	the	DET
ftr-384	258	12	overhead	overhead	ADJ
ftr-384	258	13	expenses	expense	NOUN
ftr-384	258	14	against	against	ADP
ftr-384	258	15	high	high	ADJ
ftr-384	258	16	-	-	PUNCT
ftr-384	258	17	tax	tax	NOUN
ftr-384	258	18	income	income	NOUN
ftr-384	258	19	because	because	SCONJ
ftr-384	258	20	this	this	PRON
ftr-384	258	21	would	would	AUX
ftr-384	258	22	reduce	reduce	VERB
ftr-384	258	23	the	the	DET
ftr-384	258	24	foreign	foreign	ADJ
ftr-384	258	25	tax	tax	NOUN
ftr-384	258	26	credit	credit	NOUN
ftr-384	258	27	.	.	PUNCT
ftr-384	259	1	52	52	NUM
ftr-384	259	2	.	.	PUNCT
ftr-384	260	1	i	i	PRON
ftr-384	260	2	d.	d.	PROPN
ftr-384	260	3	at	at	ADP
ftr-384	260	4	795	795	NUM
ftr-384	260	5	.	.	PUNCT
ftr-384	261	1	2007	2007	NUM
ftr-384	261	2	]	]	PUNCT
ftr-384	261	3	florida	florida	PROPN
ftr-384	261	4	tax	tax	PROPN
ftr-384	261	5	review	review	NOUN
ftr-384	261	6	distributions	distribution	NOUN
ftr-384	261	7	from	from	ADP
ftr-384	261	8	that	that	DET
ftr-384	261	9	subsidiary	subsidiary	NOUN
ftr-384	261	10	solely	solely	ADV
ftr-384	261	11	in	in	ADP
ftr-384	261	12	the	the	DET
ftr-384	261	13	form	form	NOUN
ftr-384	261	14	of	of	ADP
ftr-384	261	15	royalties	royalty	NOUN
ftr-384	261	16	,	,	PUNCT
ftr-384	261	17	would	would	AUX
ftr-384	261	18	move	move	VERB
ftr-384	261	19	from	from	ADP
ftr-384	261	20	a	a	DET
ftr-384	261	21	situation	situation	NOUN
ftr-384	261	22	where	where	SCONJ
ftr-384	261	23	none	none	NOUN
ftr-384	261	24	of	of	ADP
ftr-384	261	25	their	their	PRON
ftr-384	261	26	royalty	royalty	NOUN
ftr-384	261	27	income	income	NOUN
ftr-384	261	28	is	be	AUX
ftr-384	261	29	currently	currently	ADV
ftr-384	261	30	taxed	tax	VERB
ftr-384	261	31	to	to	ADP
ftr-384	261	32	one	one	NUM
ftr-384	261	33	where	where	SCONJ
ftr-384	261	34	all	all	DET
ftr-384	261	35	royalty	royalty	NOUN
ftr-384	261	36	income	income	NOUN
ftr-384	261	37	is	be	AUX
ftr-384	261	38	taxed	tax	VERB
ftr-384	261	39	in	in	ADP
ftr-384	261	40	a	a	DET
ftr-384	261	41	territorial	territorial	ADJ
ftr-384	261	42	system	system	NOUN
ftr-384	261	43	.	.	PUNCT
ftr-384	262	1	similarly	similarly	ADV
ftr-384	262	2	,	,	PUNCT
ftr-384	262	3	in	in	ADP
ftr-384	262	4	column	column	NOUN
ftr-384	262	5	three	three	NUM
ftr-384	262	6	,	,	PUNCT
ftr-384	262	7	when	when	SCONJ
ftr-384	262	8	they	they	PRON
ftr-384	262	9	calculate	calculate	VERB
ftr-384	262	10	the	the	DET
ftr-384	262	11	effective	effective	ADJ
ftr-384	262	12	rates	rate	NOUN
ftr-384	262	13	for	for	ADP
ftr-384	262	14	firms	firm	NOUN
ftr-384	262	15	that	that	PRON
ftr-384	262	16	have	have	VERB
ftr-384	262	17	an	an	DET
ftr-384	262	18	asset	asset	NOUN
ftr-384	262	19	mix	mix	NOUN
ftr-384	262	20	consisting	consist	VERB
ftr-384	262	21	of	of	ADP
ftr-384	262	22	85	85	NUM
ftr-384	262	23	%	%	NOUN
ftr-384	262	24	tangible	tangible	ADJ
ftr-384	262	25	and	and	CCONJ
ftr-384	262	26	15	15	NUM
ftr-384	262	27	%	%	NOUN
ftr-384	262	28	intangible	intangible	ADJ
ftr-384	262	29	(	(	PUNCT
ftr-384	262	30	with	with	ADP
ftr-384	262	31	the	the	DET
ftr-384	262	32	return	return	NOUN
ftr-384	262	33	on	on	ADP
ftr-384	262	34	the	the	DET
ftr-384	262	35	intangibles	intangible	NOUN
ftr-384	262	36	being	be	AUX
ftr-384	262	37	received	receive	VERB
ftr-384	262	38	in	in	ADP
ftr-384	262	39	the	the	DET
ftr-384	262	40	form	form	NOUN
ftr-384	262	41	of	of	ADP
ftr-384	262	42	royalties	royalty	NOUN
ftr-384	262	43	)	)	PUNCT
ftr-384	262	44	,	,	PUNCT
ftr-384	262	45	they	they	PRON
ftr-384	262	46	again	again	ADV
ftr-384	262	47	determine	determine	VERB
ftr-384	262	48	that	that	SCONJ
ftr-384	262	49	the	the	DET
ftr-384	262	50	effective	effective	ADJ
ftr-384	262	51	tax	tax	NOUN
ftr-384	262	52	rates	rate	NOUN
ftr-384	262	53	in	in	ADP
ftr-384	262	54	low	low	ADJ
ftr-384	262	55	-	-	PUNCT
ftr-384	262	56	tax	tax	NOUN
ftr-384	262	57	jurisdictions	jurisdiction	NOUN
ftr-384	262	58	under	under	ADP
ftr-384	262	59	the	the	DET
ftr-384	262	60	current	current	ADJ
ftr-384	262	61	system	system	NOUN
ftr-384	262	62	are	be	AUX
ftr-384	262	63	less	less	ADJ
ftr-384	262	64	than	than	ADP
ftr-384	262	65	for	for	ADP
ftr-384	262	66	an	an	DET
ftr-384	262	67	exemption	exemption	NOUN
ftr-384	262	68	system	system	NOUN
ftr-384	262	69	.	.	PUNCT
ftr-384	263	1	as	as	ADP
ftr-384	263	2	a	a	DET
ftr-384	263	3	result	result	NOUN
ftr-384	263	4	,	,	PUNCT
ftr-384	263	5	they	they	PRON
ftr-384	263	6	conclude	conclude	VERB
ftr-384	263	7	that	that	SCONJ
ftr-384	263	8	moving	move	VERB
ftr-384	263	9	to	to	ADP
ftr-384	263	10	a	a	DET
ftr-384	263	11	territorial	territorial	ADJ
ftr-384	263	12	system	system	NOUN
ftr-384	263	13	is	be	AUX
ftr-384	263	14	unlikely	unlikely	ADJ
ftr-384	263	15	to	to	PART
ftr-384	263	16	encourage	encourage	VERB
ftr-384	263	17	more	more	ADJ
ftr-384	263	18	investment	investment	NOUN
ftr-384	263	19	in	in	ADP
ftr-384	263	20	low	low	ADJ
ftr-384	263	21	-	-	PUNCT
ftr-384	263	22	tax	tax	NOUN
ftr-384	263	23	jurisdictions	jurisdiction	NOUN
ftr-384	263	24	,	,	PUNCT
ftr-384	263	25	as	as	SCONJ
ftr-384	263	26	compared	compare	VERB
ftr-384	263	27	to	to	ADP
ftr-384	263	28	the	the	DET
ftr-384	263	29	current	current	ADJ
ftr-384	263	30	system	system	NOUN
ftr-384	263	31	,	,	PUNCT
ftr-384	263	32	since	since	SCONJ
ftr-384	263	33	a	a	DET
ftr-384	263	34	territorial	territorial	ADJ
ftr-384	263	35	system	system	NOUN
ftr-384	263	36	will	will	AUX
ftr-384	263	37	not	not	PART
ftr-384	263	38	reduce	reduce	VERB
ftr-384	263	39	the	the	DET
ftr-384	263	40	tax	tax	NOUN
ftr-384	263	41	burden.53	burden.53	NOUN
ftr-384	263	42	altshuler	altshuler	NOUN
ftr-384	263	43	and	and	CCONJ
ftr-384	263	44	grubert	grubert	NOUN
ftr-384	263	45	's	's	PART
ftr-384	263	46	effective	effective	ADJ
ftr-384	263	47	tax	tax	NOUN
ftr-384	263	48	rate	rate	NOUN
ftr-384	263	49	calculations	calculation	NOUN
ftr-384	263	50	are	be	AUX
ftr-384	263	51	very	very	ADV
ftr-384	263	52	interesting	interesting	ADJ
ftr-384	263	53	and	and	CCONJ
ftr-384	263	54	impressive	impressive	ADJ
ftr-384	263	55	.	.	PUNCT
ftr-384	264	1	the	the	DET
ftr-384	264	2	calculations	calculation	NOUN
ftr-384	264	3	raise	raise	VERB
ftr-384	264	4	two	two	NUM
ftr-384	264	5	questions	question	NOUN
ftr-384	264	6	,	,	PUNCT
ftr-384	264	7	however	however	ADV
ftr-384	264	8	,	,	PUNCT
ftr-384	264	9	that	that	PRON
ftr-384	264	10	need	need	VERB
ftr-384	264	11	to	to	PART
ftr-384	264	12	be	be	AUX
ftr-384	264	13	resolved	resolve	VERB
ftr-384	264	14	.	.	PUNCT
ftr-384	265	1	the	the	DET
ftr-384	265	2	first	first	ADJ
ftr-384	265	3	is	be	AUX
ftr-384	265	4	the	the	DET
ftr-384	265	5	reasonableness	reasonableness	NOUN
ftr-384	265	6	of	of	ADP
ftr-384	265	7	the	the	DET
ftr-384	265	8	assumption	assumption	NOUN
ftr-384	265	9	that	that	SCONJ
ftr-384	265	10	firms	firm	NOUN
ftr-384	265	11	that	that	PRON
ftr-384	265	12	are	be	AUX
ftr-384	265	13	excess	excess	ADJ
ftr-384	265	14	limitation	limitation	NOUN
ftr-384	265	15	can	can	AUX
ftr-384	265	16	deduct	deduct	VERB
ftr-384	265	17	75	75	NUM
ftr-384	265	18	%	%	NOUN
ftr-384	265	19	of	of	ADP
ftr-384	265	20	overhead	overhead	ADJ
ftr-384	265	21	expenses	expense	NOUN
ftr-384	265	22	from	from	ADP
ftr-384	265	23	high	high	ADJ
ftr-384	265	24	-	-	PUNCT
ftr-384	265	25	tax	tax	NOUN
ftr-384	265	26	income	income	NOUN
ftr-384	265	27	.	.	PUNCT
ftr-384	266	1	altshuler	altshuler	NOUN
ftr-384	266	2	and	and	CCONJ
ftr-384	266	3	grubert	grubert	NOUN
ftr-384	266	4	do	do	AUX
ftr-384	266	5	not	not	PART
ftr-384	266	6	explain	explain	VERB
ftr-384	266	7	the	the	DET
ftr-384	266	8	rationale	rationale	NOUN
ftr-384	266	9	for	for	ADP
ftr-384	266	10	this	this	DET
ftr-384	266	11	assumption	assumption	NOUN
ftr-384	266	12	.	.	PUNCT
ftr-384	267	1	moreover	moreover	ADV
ftr-384	267	2	,	,	PUNCT
ftr-384	267	3	their	their	PRON
ftr-384	267	4	article	article	NOUN
ftr-384	267	5	provides	provide	VERB
ftr-384	267	6	no	no	DET
ftr-384	267	7	sensitivity	sensitivity	NOUN
ftr-384	267	8	analysis	analysis	NOUN
ftr-384	267	9	of	of	ADP
ftr-384	267	10	what	what	PRON
ftr-384	267	11	would	would	AUX
ftr-384	267	12	happen	happen	VERB
ftr-384	267	13	if	if	SCONJ
ftr-384	267	14	that	that	DET
ftr-384	267	15	assumption	assumption	NOUN
ftr-384	267	16	were	be	AUX
ftr-384	267	17	changed	change	VERB
ftr-384	267	18	.	.	PUNCT
ftr-384	268	1	it	it	PRON
ftr-384	268	2	would	would	AUX
ftr-384	268	3	be	be	AUX
ftr-384	268	4	very	very	ADV
ftr-384	268	5	helpful	helpful	ADJ
ftr-384	268	6	to	to	PART
ftr-384	268	7	see	see	VERB
ftr-384	268	8	what	what	PRON
ftr-384	268	9	the	the	DET
ftr-384	268	10	effective	effective	ADJ
ftr-384	268	11	tax	tax	NOUN
ftr-384	268	12	rate	rate	NOUN
ftr-384	268	13	would	would	AUX
ftr-384	268	14	be	be	AUX
ftr-384	268	15	for	for	ADP
ftr-384	268	16	firms	firm	NOUN
ftr-384	268	17	that	that	PRON
ftr-384	268	18	are	be	AUX
ftr-384	268	19	excess	excess	ADJ
ftr-384	268	20	limitation	limitation	NOUN
ftr-384	268	21	if	if	SCONJ
ftr-384	268	22	they	they	PRON
ftr-384	268	23	could	could	AUX
ftr-384	268	24	only	only	ADV
ftr-384	268	25	allocate	allocate	VERB
ftr-384	268	26	a	a	DET
ftr-384	268	27	smaller	small	ADJ
ftr-384	268	28	amount	amount	NOUN
ftr-384	268	29	of	of	ADP
ftr-384	268	30	their	their	PRON
ftr-384	268	31	overhead	overhead	NOUN
ftr-384	268	32	to	to	ADP
ftr-384	268	33	high	high	ADJ
ftr-384	268	34	-	-	PUNCT
ftr-384	268	35	tax	tax	NOUN
ftr-384	268	36	income	income	NOUN
ftr-384	268	37	.	.	PUNCT
ftr-384	269	1	the	the	DET
ftr-384	269	2	second	second	ADJ
ftr-384	269	3	and	and	CCONJ
ftr-384	269	4	more	more	ADV
ftr-384	269	5	important	important	ADJ
ftr-384	269	6	issue	issue	NOUN
ftr-384	269	7	pertains	pertain	VERB
ftr-384	269	8	to	to	PART
ftr-384	269	9	altshuler	altshuler	NOUN
ftr-384	269	10	and	and	CCONJ
ftr-384	269	11	grubert	grubert	NOUN
ftr-384	269	12	's	's	PART
ftr-384	269	13	use	use	NOUN
ftr-384	269	14	of	of	ADP
ftr-384	269	15	an	an	DET
ftr-384	269	16	effective	effective	ADJ
ftr-384	269	17	u.s	u.s	PROPN
ftr-384	269	18	.	.	PROPN
ftr-384	269	19	tax	tax	NOUN
ftr-384	269	20	rate	rate	NOUN
ftr-384	269	21	of	of	ADP
ftr-384	269	22	only	only	ADV
ftr-384	269	23	3.3	3.3	NUM
ftr-384	269	24	%	%	NOUN
ftr-384	269	25	on	on	ADP
ftr-384	269	26	dividend	dividend	NOUN
ftr-384	269	27	repatriations	repatriation	NOUN
ftr-384	269	28	in	in	ADP
ftr-384	269	29	our	our	PRON
ftr-384	269	30	current	current	ADJ
ftr-384	269	31	system	system	NOUN
ftr-384	269	32	.	.	PUNCT
ftr-384	270	1	they	they	PRON
ftr-384	270	2	calculate	calculate	VERB
ftr-384	270	3	this	this	DET
ftr-384	270	4	low	low	ADJ
ftr-384	270	5	effective	effective	ADJ
ftr-384	270	6	rate	rate	NOUN
ftr-384	270	7	based	base	VERB
ftr-384	270	8	of	of	ADP
ftr-384	270	9	the	the	DET
ftr-384	270	10	assumption	assumption	NOUN
ftr-384	270	11	that	that	SCONJ
ftr-384	270	12	firms	firm	NOUN
ftr-384	270	13	can	can	AUX
ftr-384	270	14	currently	currently	ADV
ftr-384	270	15	time	time	VERB
ftr-384	270	16	the	the	DET
ftr-384	270	17	repatriation	repatriation	NOUN
ftr-384	270	18	of	of	ADP
ftr-384	270	19	their	their	PRON
ftr-384	270	20	foreign	foreign	ADJ
ftr-384	270	21	subsidiaries	subsidiary	NOUN
ftr-384	270	22	'	'	PART
ftr-384	270	23	income	income	NOUN
ftr-384	270	24	to	to	PART
ftr-384	270	25	minimize	minimize	VERB
ftr-384	270	26	tax.54	tax.54	NOUN
ftr-384	270	27	this	this	PRON
ftr-384	270	28	is	be	AUX
ftr-384	270	29	certainly	certainly	ADV
ftr-384	270	30	true	true	ADJ
ftr-384	270	31	for	for	ADP
ftr-384	270	32	existing	exist	VERB
ftr-384	270	33	multinational	multinational	ADJ
ftr-384	270	34	firms	firm	NOUN
ftr-384	270	35	that	that	PRON
ftr-384	270	36	have	have	VERB
ftr-384	270	37	experience	experience	NOUN
ftr-384	270	38	in	in	ADP
ftr-384	270	39	managing	manage	VERB
ftr-384	270	40	foreign	foreign	ADJ
ftr-384	270	41	earnings	earning	NOUN
ftr-384	270	42	and	and	CCONJ
ftr-384	270	43	can	can	AUX
ftr-384	270	44	cross	cross	VERB
ftr-384	270	45	credit	credit	NOUN
ftr-384	270	46	or	or	CCONJ
ftr-384	270	47	use	use	VERB
ftr-384	270	48	credit	credit	NOUN
ftr-384	270	49	carryovers	carryover	NOUN
ftr-384	270	50	to	to	PART
ftr-384	270	51	minimize	minimize	VERB
ftr-384	270	52	tax	tax	NOUN
ftr-384	270	53	.	.	PUNCT
ftr-384	271	1	firms	firm	NOUN
ftr-384	271	2	lacking	lack	VERB
ftr-384	271	3	experience	experience	NOUN
ftr-384	271	4	in	in	ADP
ftr-384	271	5	managing	manage	VERB
ftr-384	271	6	dividend	dividend	NOUN
ftr-384	271	7	repatriations	repatriation	NOUN
ftr-384	271	8	may	may	AUX
ftr-384	271	9	believe	believe	VERB
ftr-384	271	10	,	,	PUNCT
ftr-384	271	11	however	however	ADV
ftr-384	271	12	,	,	PUNCT
ftr-384	271	13	that	that	SCONJ
ftr-384	271	14	they	they	PRON
ftr-384	271	15	face	face	VERB
ftr-384	271	16	an	an	DET
ftr-384	271	17	effective	effective	ADJ
ftr-384	271	18	u.s	u.s	PROPN
ftr-384	271	19	.	.	PROPN
ftr-384	271	20	tax	tax	NOUN
ftr-384	271	21	rate	rate	NOUN
ftr-384	271	22	in	in	ADP
ftr-384	271	23	our	our	PRON
ftr-384	271	24	current	current	ADJ
ftr-384	271	25	system	system	NOUN
ftr-384	271	26	that	that	PRON
ftr-384	271	27	is	be	AUX
ftr-384	271	28	much	much	ADV
ftr-384	271	29	higher	high	ADJ
ftr-384	271	30	than	than	ADP
ftr-384	271	31	the	the	DET
ftr-384	271	32	3.3	3.3	NUM
ftr-384	271	33	%	%	NOUN
ftr-384	271	34	rate	rate	NOUN
ftr-384	271	35	that	that	PRON
ftr-384	271	36	altshuler	altshuler	NOUN
ftr-384	271	37	and	and	CCONJ
ftr-384	271	38	grubert	grubert	NOUN
ftr-384	271	39	calculate	calculate	NOUN
ftr-384	271	40	for	for	ADP
ftr-384	271	41	experienced	experienced	ADJ
ftr-384	271	42	firms	firm	NOUN
ftr-384	271	43	.	.	PUNCT
ftr-384	272	1	as	as	ADP
ftr-384	272	2	a	a	DET
ftr-384	272	3	result	result	NOUN
ftr-384	272	4	,	,	PUNCT
ftr-384	272	5	the	the	DET
ftr-384	272	6	current	current	ADJ
ftr-384	272	7	u.s	u.s	PROPN
ftr-384	272	8	.	.	PROPN
ftr-384	272	9	tax	tax	NOUN
ftr-384	272	10	scheme	scheme	NOUN
ftr-384	272	11	may	may	AUX
ftr-384	272	12	present	present	VERB
ftr-384	272	13	a	a	DET
ftr-384	272	14	much	much	ADV
ftr-384	272	15	greater	great	ADJ
ftr-384	272	16	deterrent	deterrent	NOUN
ftr-384	272	17	to	to	ADP
ftr-384	272	18	new	new	ADJ
ftr-384	272	19	firms	firm	NOUN
ftr-384	272	20	making	make	VERB
ftr-384	272	21	foreign	foreign	ADJ
ftr-384	272	22	investments	investment	NOUN
ftr-384	272	23	for	for	ADP
ftr-384	272	24	the	the	DET
ftr-384	272	25	first	first	ADJ
ftr-384	272	26	time	time	NOUN
ftr-384	272	27	than	than	ADP
ftr-384	272	28	for	for	ADP
ftr-384	272	29	experienced	experienced	ADJ
ftr-384	272	30	firms	firm	NOUN
ftr-384	272	31	.	.	PUNCT
ftr-384	273	1	stated	state	VERB
ftr-384	273	2	another	another	DET
ftr-384	273	3	way	way	NOUN
ftr-384	273	4	,	,	PUNCT
ftr-384	273	5	it	it	PRON
ftr-384	273	6	is	be	AUX
ftr-384	273	7	possible	possible	ADJ
ftr-384	273	8	that	that	SCONJ
ftr-384	273	9	the	the	DET
ftr-384	273	10	adoption	adoption	NOUN
ftr-384	273	11	of	of	ADP
ftr-384	273	12	an	an	DET
ftr-384	273	13	exemption	exemption	NOUN
ftr-384	273	14	system	system	NOUN
ftr-384	273	15	will	will	AUX
ftr-384	273	16	eliminate	eliminate	VERB
ftr-384	273	17	uncertainty	uncertainty	NOUN
ftr-384	273	18	about	about	ADP
ftr-384	273	19	the	the	DET
ftr-384	273	20	tax	tax	NOUN
ftr-384	273	21	burden	burden	NOUN
ftr-384	273	22	,	,	PUNCT
ftr-384	273	23	and	and	CCONJ
ftr-384	273	24	as	as	ADP
ftr-384	273	25	a	a	DET
ftr-384	273	26	result	result	NOUN
ftr-384	273	27	decrease	decrease	NOUN
ftr-384	273	28	the	the	DET
ftr-384	273	29	risk	risk	NOUN
ftr-384	273	30	associated	associate	VERB
ftr-384	273	31	with	with	ADP
ftr-384	273	32	foreign	foreign	ADJ
ftr-384	273	33	capital	capital	NOUN
ftr-384	273	34	transfers	transfer	NOUN
ftr-384	273	35	.	.	PUNCT
ftr-384	274	1	this	this	DET
ftr-384	274	2	reduction	reduction	NOUN
ftr-384	274	3	in	in	ADP
ftr-384	274	4	tax	tax	NOUN
ftr-384	274	5	risk	risk	NOUN
ftr-384	274	6	may	may	AUX
ftr-384	274	7	encourage	encourage	VERB
ftr-384	274	8	firms	firm	NOUN
ftr-384	274	9	that	that	PRON
ftr-384	274	10	previously	previously	ADV
ftr-384	274	11	had	have	VERB
ftr-384	274	12	little	little	ADJ
ftr-384	274	13	or	or	CCONJ
ftr-384	274	14	no	no	PRON
ftr-384	274	15	fdi	fdi	NOUN
ftr-384	274	16	to	to	PART
ftr-384	274	17	increase	increase	VERB
ftr-384	274	18	it	it	PRON
ftr-384	274	19	.	.	PUNCT
ftr-384	275	1	to	to	PART
ftr-384	275	2	see	see	VERB
ftr-384	275	3	this	this	PRON
ftr-384	275	4	,	,	PUNCT
ftr-384	275	5	consider	consider	VERB
ftr-384	275	6	that	that	SCONJ
ftr-384	275	7	firms	firm	NOUN
ftr-384	275	8	experienced	experience	VERB
ftr-384	275	9	in	in	ADP
ftr-384	275	10	fdi	fdi	PROPN
ftr-384	275	11	that	that	PRON
ftr-384	275	12	are	be	AUX
ftr-384	275	13	analyzing	analyze	VERB
ftr-384	275	14	a	a	DET
ftr-384	275	15	new	new	ADJ
ftr-384	275	16	equity	equity	NOUN
ftr-384	275	17	investment	investment	NOUN
ftr-384	275	18	have	have	VERB
ftr-384	275	19	a	a	DET
ftr-384	275	20	history	history	NOUN
ftr-384	275	21	of	of	ADP
ftr-384	275	22	managing	manage	VERB
ftr-384	275	23	foreign	foreign	ADJ
ftr-384	275	24	earnings	earning	NOUN
ftr-384	275	25	that	that	PRON
ftr-384	275	26	enables	enable	VERB
ftr-384	275	27	them	they	PRON
ftr-384	275	28	to	to	PART
ftr-384	275	29	anticipate	anticipate	VERB
ftr-384	275	30	fairly	fairly	ADV
ftr-384	275	31	accurately	accurately	ADV
ftr-384	275	32	the	the	DET
ftr-384	275	33	extent	extent	NOUN
ftr-384	275	34	that	that	SCONJ
ftr-384	275	35	they	they	PRON
ftr-384	275	36	will	will	AUX
ftr-384	275	37	be	be	AUX
ftr-384	275	38	able	able	ADJ
ftr-384	275	39	to	to	PART
ftr-384	275	40	cross	cross	VERB
ftr-384	275	41	credit	credit	NOUN
ftr-384	275	42	taxes	taxis	NOUN
ftr-384	275	43	in	in	ADP
ftr-384	275	44	high	high	ADJ
ftr-384	275	45	and	and	CCONJ
ftr-384	275	46	low	low	ADJ
ftr-384	275	47	jurisdictions	jurisdiction	NOUN
ftr-384	275	48	and	and	CCONJ
ftr-384	275	49	generate	generate	VERB
ftr-384	275	50	tax	tax	NOUN
ftr-384	275	51	carry	carry	NOUN
ftr-384	275	52	forwards	forward	NOUN
ftr-384	275	53	.	.	PUNCT
ftr-384	276	1	this	this	DET
ftr-384	276	2	history	history	NOUN
ftr-384	276	3	enables	enable	VERB
ftr-384	276	4	the	the	DET
ftr-384	276	5	experienced	experienced	ADJ
ftr-384	276	6	firms	firm	NOUN
ftr-384	276	7	to	to	PART
ftr-384	276	8	calculate	calculate	VERB
ftr-384	276	9	what	what	PRON
ftr-384	276	10	the	the	DET
ftr-384	276	11	tax	tax	NOUN
ftr-384	276	12	burden	burden	NOUN
ftr-384	276	13	will	will	AUX
ftr-384	276	14	53	53	NUM
ftr-384	276	15	.	.	PUNCT
ftr-384	277	1	i	i	PRON
ftr-384	277	2	d.	d.	PROPN
ftr-384	277	3	at	at	ADP
ftr-384	277	4	790	790	NUM
ftr-384	277	5	.	.	PUNCT
ftr-384	278	1	54	54	NUM
ftr-384	278	2	.	.	PUNCT
ftr-384	279	1	i	i	PRON
ftr-384	279	2	d.	d.	PROPN
ftr-384	279	3	at	at	ADP
ftr-384	279	4	797	797	NUM
ftr-384	279	5	-	-	SYM
ftr-384	279	6	98	98	NUM
ftr-384	279	7	.	.	PUNCT
ftr-384	280	1	[	[	X
ftr-384	280	2	vol	vol	NOUN
ftr-384	280	3	.	.	PUNCT
ftr-384	280	4	8:3	8:3	NUM
ftr-384	280	5	will	will	AUX
ftr-384	280	6	us	we	PRON
ftr-384	280	7	.	.	PUNCT
ftr-384	281	1	investment	investment	NOUN
ftr-384	281	2	go	go	VERB
ftr-384	281	3	abroad	abroad	ADV
ftr-384	281	4	in	in	ADP
ftr-384	281	5	a	a	DET
ftr-384	281	6	territorial	territorial	ADJ
ftr-384	281	7	tax	tax	NOUN
ftr-384	281	8	be	be	AUX
ftr-384	281	9	on	on	ADP
ftr-384	281	10	the	the	DET
ftr-384	281	11	repatriation	repatriation	NOUN
ftr-384	281	12	of	of	ADP
ftr-384	281	13	foreign	foreign	ADJ
ftr-384	281	14	investments	investment	NOUN
ftr-384	281	15	.	.	PUNCT
ftr-384	282	1	in	in	ADP
ftr-384	282	2	contrast	contrast	NOUN
ftr-384	282	3	,	,	PUNCT
ftr-384	282	4	firms	firm	NOUN
ftr-384	282	5	lacking	lack	VERB
ftr-384	282	6	experience	experience	NOUN
ftr-384	282	7	in	in	ADP
ftr-384	282	8	fdi	fdi	PROPN
ftr-384	282	9	are	be	AUX
ftr-384	282	10	not	not	PART
ftr-384	282	11	able	able	ADJ
ftr-384	282	12	to	to	PART
ftr-384	282	13	predict	predict	VERB
ftr-384	282	14	as	as	ADP
ftr-384	282	15	accurately	accurately	ADV
ftr-384	282	16	what	what	PRON
ftr-384	282	17	their	their	PRON
ftr-384	282	18	foreign	foreign	ADJ
ftr-384	282	19	tax	tax	NOUN
ftr-384	282	20	credit	credit	NOUN
ftr-384	282	21	position	position	NOUN
ftr-384	282	22	will	will	AUX
ftr-384	282	23	be	be	AUX
ftr-384	282	24	when	when	SCONJ
ftr-384	282	25	they	they	PRON
ftr-384	282	26	make	make	VERB
ftr-384	282	27	foreign	foreign	ADJ
ftr-384	282	28	investments	investment	NOUN
ftr-384	282	29	and	and	CCONJ
ftr-384	282	30	when	when	SCONJ
ftr-384	282	31	such	such	ADJ
ftr-384	282	32	investments	investment	NOUN
ftr-384	282	33	mature	mature	VERB
ftr-384	282	34	.	.	PUNCT
ftr-384	283	1	moreover	moreover	ADV
ftr-384	283	2	,	,	PUNCT
ftr-384	283	3	such	such	ADJ
ftr-384	283	4	firms	firm	NOUN
ftr-384	283	5	would	would	AUX
ftr-384	283	6	lack	lack	VERB
ftr-384	283	7	a	a	DET
ftr-384	283	8	sufficiently	sufficiently	ADV
ftr-384	283	9	large	large	ADJ
ftr-384	283	10	pool	pool	NOUN
ftr-384	283	11	of	of	ADP
ftr-384	283	12	fdi	fdi	NOUN
ftr-384	283	13	that	that	PRON
ftr-384	283	14	would	would	AUX
ftr-384	283	15	enable	enable	VERB
ftr-384	283	16	them	they	PRON
ftr-384	283	17	to	to	PART
ftr-384	283	18	cross	cross	VERB
ftr-384	283	19	credit	credit	NOUN
ftr-384	283	20	and	and	CCONJ
ftr-384	283	21	use	use	VERB
ftr-384	283	22	other	other	ADJ
ftr-384	283	23	strategies	strategy	NOUN
ftr-384	283	24	to	to	PART
ftr-384	283	25	reduce	reduce	VERB
ftr-384	283	26	u.s	u.s	PROPN
ftr-384	283	27	.	.	PROPN
ftr-384	283	28	tax	tax	NOUN
ftr-384	283	29	.	.	PUNCT
ftr-384	284	1	this	this	DET
ftr-384	284	2	uncertainty	uncertainty	NOUN
ftr-384	284	3	and	and	CCONJ
ftr-384	284	4	inability	inability	NOUN
ftr-384	284	5	to	to	PART
ftr-384	284	6	use	use	VERB
ftr-384	284	7	tax	tax	NOUN
ftr-384	284	8	-	-	PUNCT
ftr-384	284	9	reducing	reduce	VERB
ftr-384	284	10	devices	device	NOUN
ftr-384	284	11	increases	increase	VERB
ftr-384	284	12	the	the	DET
ftr-384	284	13	risk	risk	NOUN
ftr-384	284	14	of	of	ADP
ftr-384	284	15	foreign	foreign	ADJ
ftr-384	284	16	investments	investment	NOUN
ftr-384	284	17	for	for	ADP
ftr-384	284	18	the	the	DET
ftr-384	284	19	inexperienced	inexperienced	ADJ
ftr-384	284	20	firm	firm	NOUN
ftr-384	284	21	in	in	ADP
ftr-384	284	22	relation	relation	NOUN
ftr-384	284	23	to	to	ADP
ftr-384	284	24	domestic	domestic	ADJ
ftr-384	284	25	investments	investment	NOUN
ftr-384	284	26	.	.	PUNCT
ftr-384	285	1	this	this	PRON
ftr-384	285	2	may	may	AUX
ftr-384	285	3	on	on	ADP
ftr-384	285	4	the	the	DET
ftr-384	285	5	margin	margin	NOUN
ftr-384	285	6	deter	deter	VERB
ftr-384	285	7	foreign	foreign	ADJ
ftr-384	285	8	investment	investment	NOUN
ftr-384	285	9	as	as	SCONJ
ftr-384	285	10	compared	compare	VERB
ftr-384	285	11	to	to	ADP
ftr-384	285	12	domestic	domestic	ADJ
ftr-384	285	13	investment	investment	NOUN
ftr-384	285	14	since	since	SCONJ
ftr-384	285	15	the	the	DET
ftr-384	285	16	firm	firm	NOUN
ftr-384	285	17	will	will	AUX
ftr-384	285	18	select	select	VERB
ftr-384	285	19	investments	investment	NOUN
ftr-384	285	20	that	that	PRON
ftr-384	285	21	present	present	VERB
ftr-384	285	22	the	the	DET
ftr-384	285	23	best	good	ADJ
ftr-384	285	24	risk	risk	NOUN
ftr-384	285	25	-	-	PUNCT
ftr-384	285	26	adjusted	adjust	VERB
ftr-384	285	27	after	after	ADP
ftr-384	285	28	-	-	PUNCT
ftr-384	285	29	tax	tax	NOUN
ftr-384	285	30	return.5	return.5	NOUN
ftr-384	285	31	in	in	ADP
ftr-384	285	32	comparing	compare	VERB
ftr-384	285	33	a	a	DET
ftr-384	285	34	foreign	foreign	ADJ
ftr-384	285	35	investment	investment	NOUN
ftr-384	285	36	to	to	ADP
ftr-384	285	37	a	a	DET
ftr-384	285	38	domestic	domestic	ADJ
ftr-384	285	39	investment	investment	NOUN
ftr-384	285	40	that	that	PRON
ftr-384	285	41	have	have	VERB
ftr-384	285	42	equal	equal	ADJ
ftr-384	285	43	after	after	ADP
ftr-384	285	44	-	-	PUNCT
ftr-384	285	45	tax	tax	NOUN
ftr-384	285	46	returns	return	NOUN
ftr-384	285	47	that	that	PRON
ftr-384	285	48	are	be	AUX
ftr-384	285	49	not	not	PART
ftr-384	285	50	adjusted	adjust	VERB
ftr-384	285	51	for	for	ADP
ftr-384	285	52	tax	tax	NOUN
ftr-384	285	53	risk	risk	NOUN
ftr-384	285	54	,	,	PUNCT
ftr-384	285	55	the	the	DET
ftr-384	285	56	inexperienced	inexperienced	ADJ
ftr-384	285	57	firm	firm	NOUN
ftr-384	285	58	will	will	AUX
ftr-384	285	59	select	select	VERB
ftr-384	285	60	the	the	DET
ftr-384	285	61	domestic	domestic	ADJ
ftr-384	285	62	investment	investment	NOUN
ftr-384	285	63	because	because	SCONJ
ftr-384	285	64	its	its	PRON
ftr-384	285	65	expected	expect	VERB
ftr-384	285	66	after	after	ADP
ftr-384	285	67	-	-	PUNCT
ftr-384	285	68	tax	tax	NOUN
ftr-384	285	69	return	return	NOUN
ftr-384	285	70	will	will	AUX
ftr-384	285	71	be	be	AUX
ftr-384	285	72	higher	high	ADJ
ftr-384	285	73	than	than	ADP
ftr-384	285	74	foreign	foreign	ADJ
ftr-384	285	75	investment	investment	NOUN
ftr-384	285	76	with	with	ADP
ftr-384	285	77	the	the	DET
ftr-384	285	78	less	less	ADV
ftr-384	285	79	certain	certain	ADJ
ftr-384	285	80	tax	tax	NOUN
ftr-384	285	81	treatment	treatment	NOUN
ftr-384	285	82	.	.	PUNCT
ftr-384	286	1	the	the	DET
ftr-384	286	2	adoption	adoption	NOUN
ftr-384	286	3	of	of	ADP
ftr-384	286	4	an	an	DET
ftr-384	286	5	exemption	exemption	NOUN
ftr-384	286	6	system	system	NOUN
ftr-384	286	7	will	will	AUX
ftr-384	286	8	eliminate	eliminate	VERB
ftr-384	286	9	this	this	DET
ftr-384	286	10	tax	tax	NOUN
ftr-384	286	11	risk	risk	NOUN
ftr-384	286	12	and	and	CCONJ
ftr-384	286	13	,	,	PUNCT
ftr-384	286	14	therefore	therefore	ADV
ftr-384	286	15	,	,	PUNCT
ftr-384	286	16	make	make	VERB
ftr-384	286	17	foreign	foreign	ADJ
ftr-384	286	18	investment	investment	NOUN
ftr-384	286	19	more	more	ADV
ftr-384	286	20	attractive	attractive	ADJ
ftr-384	286	21	to	to	ADP
ftr-384	286	22	firms	firm	NOUN
ftr-384	286	23	that	that	PRON
ftr-384	286	24	had	have	AUX
ftr-384	286	25	previously	previously	ADV
ftr-384	286	26	avoided	avoid	VERB
ftr-384	286	27	foreign	foreign	ADJ
ftr-384	286	28	investment	investment	NOUN
ftr-384	286	29	,	,	PUNCT
ftr-384	286	30	since	since	SCONJ
ftr-384	286	31	tax	tax	NOUN
ftr-384	286	32	planning	planning	NOUN
ftr-384	286	33	will	will	AUX
ftr-384	286	34	no	no	ADV
ftr-384	286	35	longer	long	ADV
ftr-384	286	36	be	be	AUX
ftr-384	286	37	required	require	VERB
ftr-384	286	38	to	to	PART
ftr-384	286	39	calculate	calculate	VERB
ftr-384	286	40	the	the	DET
ftr-384	286	41	after	after	ADP
ftr-384	286	42	-	-	PUNCT
ftr-384	286	43	tax	tax	NOUN
ftr-384	286	44	return	return	NOUN
ftr-384	286	45	of	of	ADP
ftr-384	286	46	the	the	DET
ftr-384	286	47	foreign	foreign	ADJ
ftr-384	286	48	investment	investment	NOUN
ftr-384	286	49	.	.	PUNCT
ftr-384	287	1	the	the	DET
ftr-384	287	2	role	role	NOUN
ftr-384	287	3	that	that	PRON
ftr-384	287	4	tax	tax	NOUN
ftr-384	287	5	risk	risk	NOUN
ftr-384	287	6	plays	play	VERB
ftr-384	287	7	in	in	ADP
ftr-384	287	8	making	make	VERB
ftr-384	287	9	foreign	foreign	ADJ
ftr-384	287	10	investments	investment	NOUN
ftr-384	287	11	is	be	AUX
ftr-384	287	12	consistent	consistent	ADJ
ftr-384	287	13	with	with	ADP
ftr-384	287	14	literature	literature	NOUN
ftr-384	287	15	that	that	PRON
ftr-384	287	16	has	have	AUX
ftr-384	287	17	shown	show	VERB
ftr-384	287	18	that	that	SCONJ
ftr-384	287	19	large	large	ADJ
ftr-384	287	20	firms	firm	NOUN
ftr-384	287	21	make	make	VERB
ftr-384	287	22	more	more	ADJ
ftr-384	287	23	foreign	foreign	ADJ
ftr-384	287	24	investments	investment	NOUN
ftr-384	287	25	than	than	ADP
ftr-384	287	26	small	small	ADJ
ftr-384	287	27	firms	firm	NOUN
ftr-384	287	28	because	because	SCONJ
ftr-384	287	29	they	they	PRON
ftr-384	287	30	can	can	AUX
ftr-384	287	31	better	well	ADV
ftr-384	287	32	handle	handle	VERB
ftr-384	287	33	the	the	DET
ftr-384	287	34	risk	risk	NOUN
ftr-384	287	35	of	of	ADP
ftr-384	287	36	overseas	overseas	ADJ
ftr-384	287	37	investments.5	investments.5	PROPN
ftr-384	287	38	6	6	NUM
ftr-384	287	39	this	this	DET
ftr-384	287	40	view	view	NOUN
ftr-384	287	41	is	be	AUX
ftr-384	287	42	also	also	ADV
ftr-384	287	43	consistent	consistent	ADJ
ftr-384	287	44	with	with	ADP
ftr-384	287	45	the	the	DET
ftr-384	287	46	observations	observation	NOUN
ftr-384	287	47	that	that	PRON
ftr-384	287	48	one	one	NUM
ftr-384	287	49	of	of	ADP
ftr-384	287	50	the	the	DET
ftr-384	287	51	deterrents	deterrent	NOUN
ftr-384	287	52	to	to	ADP
ftr-384	287	53	domestic	domestic	ADJ
ftr-384	287	54	companies	company	NOUN
ftr-384	287	55	in	in	ADP
ftr-384	287	56	making	make	VERB
ftr-384	287	57	foreign	foreign	ADJ
ftr-384	287	58	investments	investment	NOUN
ftr-384	287	59	is	be	AUX
ftr-384	287	60	the	the	DET
ftr-384	287	61	fixed	fix	VERB
ftr-384	287	62	costs	cost	NOUN
ftr-384	287	63	of	of	ADP
ftr-384	287	64	acquiring	acquire	VERB
ftr-384	287	65	knowledge	knowledge	NOUN
ftr-384	287	66	about	about	ADP
ftr-384	287	67	"	"	PUNCT
ftr-384	287	68	learning	learn	VERB
ftr-384	287	69	how	how	SCONJ
ftr-384	287	70	things	thing	NOUN
ftr-384	287	71	are	be	AUX
ftr-384	287	72	done	do	VERB
ftr-384	287	73	abroad	abroad	ADV
ftr-384	287	74	.	.	PUNCT
ftr-384	288	1	"57	"57	INTJ
ftr-384	289	1	it	it	PRON
ftr-384	289	2	is	be	AUX
ftr-384	289	3	reasonable	reasonable	ADJ
ftr-384	289	4	to	to	PART
ftr-384	289	5	expect	expect	VERB
ftr-384	289	6	that	that	SCONJ
ftr-384	289	7	the	the	DET
ftr-384	289	8	lack	lack	NOUN
ftr-384	289	9	of	of	ADP
ftr-384	289	10	experience	experience	NOUN
ftr-384	289	11	needed	need	VERB
ftr-384	289	12	to	to	PART
ftr-384	289	13	predict	predict	VERB
ftr-384	289	14	the	the	DET
ftr-384	289	15	availability	availability	NOUN
ftr-384	289	16	of	of	ADP
ftr-384	289	17	credits	credit	NOUN
ftr-384	289	18	to	to	PART
ftr-384	289	19	shelter	shelter	VERB
ftr-384	289	20	repatriation	repatriation	NOUN
ftr-384	289	21	on	on	ADP
ftr-384	289	22	the	the	DET
ftr-384	289	23	part	part	NOUN
ftr-384	289	24	of	of	ADP
ftr-384	289	25	new	new	ADJ
ftr-384	289	26	entrants	entrant	NOUN
ftr-384	289	27	into	into	ADP
ftr-384	289	28	foreign	foreign	ADJ
ftr-384	289	29	markets	market	NOUN
ftr-384	289	30	would	would	AUX
ftr-384	289	31	also	also	ADV
ftr-384	289	32	act	act	VERB
ftr-384	289	33	as	as	ADP
ftr-384	289	34	a	a	DET
ftr-384	289	35	deterrent	deterrent	NOUN
ftr-384	289	36	.	.	PUNCT
ftr-384	290	1	55	55	NUM
ftr-384	290	2	.	.	PUNCT
ftr-384	291	1	it	it	PRON
ftr-384	291	2	might	might	AUX
ftr-384	291	3	be	be	AUX
ftr-384	291	4	argued	argue	VERB
ftr-384	291	5	that	that	SCONJ
ftr-384	291	6	this	this	DET
ftr-384	291	7	uncertainty	uncertainty	NOUN
ftr-384	291	8	only	only	ADV
ftr-384	291	9	exists	exist	VERB
ftr-384	291	10	if	if	SCONJ
ftr-384	291	11	the	the	DET
ftr-384	291	12	company	company	NOUN
ftr-384	291	13	plans	plan	VERB
ftr-384	291	14	on	on	ADP
ftr-384	291	15	repatriating	repatriate	VERB
ftr-384	291	16	the	the	DET
ftr-384	291	17	earnings	earning	NOUN
ftr-384	291	18	.	.	PUNCT
ftr-384	292	1	however	however	ADV
ftr-384	292	2	,	,	PUNCT
ftr-384	292	3	it	it	PRON
ftr-384	292	4	seems	seem	VERB
ftr-384	292	5	likely	likely	ADJ
ftr-384	292	6	that	that	SCONJ
ftr-384	292	7	companies	company	NOUN
ftr-384	292	8	would	would	AUX
ftr-384	292	9	plan	plan	VERB
ftr-384	292	10	to	to	PART
ftr-384	292	11	repatriate	repatriate	VERB
ftr-384	292	12	at	at	ADP
ftr-384	292	13	least	least	ADJ
ftr-384	292	14	part	part	NOUN
ftr-384	292	15	of	of	ADP
ftr-384	292	16	the	the	DET
ftr-384	292	17	earnings	earning	NOUN
ftr-384	292	18	for	for	ADP
ftr-384	292	19	investment	investment	NOUN
ftr-384	292	20	in	in	ADP
ftr-384	292	21	the	the	DET
ftr-384	292	22	united	united	PROPN
ftr-384	292	23	states	states	PROPN
ftr-384	292	24	since	since	SCONJ
ftr-384	292	25	the	the	DET
ftr-384	292	26	united	united	PROPN
ftr-384	292	27	states	states	PROPN
ftr-384	292	28	is	be	AUX
ftr-384	292	29	a	a	DET
ftr-384	292	30	strong	strong	ADJ
ftr-384	292	31	market	market	NOUN
ftr-384	292	32	.	.	PUNCT
ftr-384	293	1	see	see	VERB
ftr-384	293	2	e.g.	e.g.	ADV
ftr-384	293	3	hartman	hartman	PROPN
ftr-384	293	4	,	,	PUNCT
ftr-384	293	5	supra	supra	PROPN
ftr-384	293	6	note	note	PROPN
ftr-384	293	7	15	15	NUM
ftr-384	293	8	,	,	PUNCT
ftr-384	293	9	at	at	ADP
ftr-384	293	10	115	115	NUM
ftr-384	293	11	(	(	PUNCT
ftr-384	293	12	noting	note	VERB
ftr-384	293	13	that	that	SCONJ
ftr-384	293	14	40	40	NUM
ftr-384	293	15	%	%	NOUN
ftr-384	293	16	of	of	ADP
ftr-384	293	17	foreign	foreign	ADJ
ftr-384	293	18	subsidiary	subsidiary	NOUN
ftr-384	293	19	earnings	earning	NOUN
ftr-384	293	20	were	be	AUX
ftr-384	293	21	paid	pay	VERB
ftr-384	293	22	to	to	ADP
ftr-384	293	23	u.s	u.s	PROPN
ftr-384	293	24	.	.	PROPN
ftr-384	293	25	parents	parent	NOUN
ftr-384	293	26	in	in	ADP
ftr-384	293	27	1980	1980	NUM
ftr-384	293	28	)	)	PUNCT
ftr-384	293	29	.	.	PUNCT
ftr-384	294	1	empirical	empirical	ADJ
ftr-384	294	2	evidence	evidence	NOUN
ftr-384	294	3	from	from	ADP
ftr-384	294	4	1992	1992	NUM
ftr-384	294	5	suggests	suggest	VERB
ftr-384	294	6	that	that	SCONJ
ftr-384	294	7	the	the	DET
ftr-384	294	8	extent	extent	NOUN
ftr-384	294	9	to	to	PART
ftr-384	294	10	which	which	PRON
ftr-384	294	11	a	a	DET
ftr-384	294	12	u.s	u.s	PROPN
ftr-384	294	13	.	.	PROPN
ftr-384	294	14	parent	parent	NOUN
ftr-384	294	15	repatriates	repatriate	VERB
ftr-384	294	16	its	its	PRON
ftr-384	294	17	earnings	earning	NOUN
ftr-384	294	18	from	from	ADP
ftr-384	294	19	foreign	foreign	ADJ
ftr-384	294	20	subsidiaries	subsidiary	NOUN
ftr-384	294	21	is	be	AUX
ftr-384	294	22	related	relate	VERB
ftr-384	294	23	to	to	ADP
ftr-384	294	24	the	the	DET
ftr-384	294	25	tax	tax	NOUN
ftr-384	294	26	rate	rate	NOUN
ftr-384	294	27	of	of	ADP
ftr-384	294	28	the	the	DET
ftr-384	294	29	foreign	foreign	ADJ
ftr-384	294	30	country	country	NOUN
ftr-384	294	31	.	.	PUNCT
ftr-384	295	1	grubert	grubert	PROPN
ftr-384	295	2	&	&	CCONJ
ftr-384	295	3	mutti	mutti	PROPN
ftr-384	295	4	found	find	VERB
ftr-384	295	5	that	that	SCONJ
ftr-384	295	6	foreign	foreign	ADJ
ftr-384	295	7	subsidiaries	subsidiary	NOUN
ftr-384	295	8	of	of	ADP
ftr-384	295	9	u.s	u.s	PROPN
ftr-384	295	10	.	.	PROPN
ftr-384	295	11	parents	parent	NOUN
ftr-384	295	12	in	in	ADP
ftr-384	295	13	1992	1992	NUM
ftr-384	295	14	repatriated	repatriate	VERB
ftr-384	295	15	only	only	ADV
ftr-384	295	16	6.1	6.1	NUM
ftr-384	295	17	%	%	NOUN
ftr-384	295	18	of	of	ADP
ftr-384	295	19	their	their	PRON
ftr-384	295	20	earnings	earning	NOUN
ftr-384	295	21	when	when	SCONJ
ftr-384	295	22	they	they	PRON
ftr-384	295	23	operated	operate	VERB
ftr-384	295	24	in	in	ADP
ftr-384	295	25	a	a	DET
ftr-384	295	26	country	country	NOUN
ftr-384	295	27	with	with	ADP
ftr-384	295	28	a	a	DET
ftr-384	295	29	tax	tax	NOUN
ftr-384	295	30	rate	rate	NOUN
ftr-384	295	31	of	of	ADP
ftr-384	295	32	less	less	ADJ
ftr-384	295	33	than	than	ADP
ftr-384	295	34	10	10	NUM
ftr-384	295	35	%	%	NOUN
ftr-384	295	36	.	.	PUNCT
ftr-384	296	1	in	in	ADP
ftr-384	296	2	contrast	contrast	NOUN
ftr-384	296	3	,	,	PUNCT
ftr-384	296	4	subsidiaries	subsidiary	NOUN
ftr-384	296	5	operating	operate	VERB
ftr-384	296	6	in	in	ADP
ftr-384	296	7	countries	country	NOUN
ftr-384	296	8	with	with	ADP
ftr-384	296	9	tax	tax	NOUN
ftr-384	296	10	rates	rate	NOUN
ftr-384	296	11	of	of	ADP
ftr-384	296	12	more	more	ADJ
ftr-384	296	13	than	than	ADP
ftr-384	296	14	30	30	NUM
ftr-384	296	15	%	%	NOUN
ftr-384	296	16	repatriated	repatriate	VERB
ftr-384	296	17	53.9	53.9	NUM
ftr-384	296	18	%	%	NOUN
ftr-384	296	19	of	of	ADP
ftr-384	296	20	their	their	PRON
ftr-384	296	21	earnings	earning	NOUN
ftr-384	296	22	that	that	DET
ftr-384	296	23	year	year	NOUN
ftr-384	296	24	.	.	PUNCT
ftr-384	297	1	harry	harry	PROPN
ftr-384	297	2	grubert	grubert	PROPN
ftr-384	297	3	&	&	CCONJ
ftr-384	297	4	john	john	PROPN
ftr-384	297	5	mutti	mutti	PROPN
ftr-384	297	6	,	,	PUNCT
ftr-384	297	7	taxing	tax	VERB
ftr-384	297	8	international	international	ADJ
ftr-384	297	9	business	business	NOUN
ftr-384	297	10	income	income	NOUN
ftr-384	297	11	:	:	PUNCT
ftr-384	297	12	dividend	dividend	NOUN
ftr-384	297	13	exemption	exemption	NOUN
ftr-384	297	14	versus	versus	ADP
ftr-384	297	15	the	the	DET
ftr-384	297	16	current	current	ADJ
ftr-384	297	17	system	system	NOUN
ftr-384	297	18	30	30	NUM
ftr-384	297	19	table	table	NOUN
ftr-384	297	20	2	2	NUM
ftr-384	297	21	(	(	PUNCT
ftr-384	297	22	2001	2001	NUM
ftr-384	297	23	)	)	PUNCT
ftr-384	297	24	.	.	PUNCT
ftr-384	298	1	56	56	NUM
ftr-384	298	2	.	.	X
ftr-384	298	3	see	see	VERB
ftr-384	298	4	,	,	PUNCT
ftr-384	298	5	e.g.	e.g.	ADV
ftr-384	298	6	,	,	PUNCT
ftr-384	298	7	thomas	thomas	PROPN
ftr-384	298	8	horst	horst	PROPN
ftr-384	298	9	,	,	PUNCT
ftr-384	298	10	firm	firm	ADJ
ftr-384	298	11	and	and	CCONJ
ftr-384	298	12	industry	industry	NOUN
ftr-384	298	13	determinants	determinant	NOUN
ftr-384	298	14	of	of	ADP
ftr-384	298	15	the	the	DET
ftr-384	298	16	decision	decision	NOUN
ftr-384	298	17	to	to	PART
ftr-384	298	18	invest	invest	VERB
ftr-384	298	19	abroad	abroad	ADV
ftr-384	298	20	:	:	PUNCT
ftr-384	298	21	an	an	DET
ftr-384	298	22	empirical	empirical	ADJ
ftr-384	298	23	study	study	NOUN
ftr-384	298	24	,	,	PUNCT
ftr-384	298	25	54	54	NUM
ftr-384	298	26	the	the	DET
ftr-384	298	27	rev	rev	PROPN
ftr-384	298	28	.	.	PROPN
ftr-384	298	29	of	of	ADP
ftr-384	298	30	econ	econ	PROPN
ftr-384	298	31	.	.	PUNCT
ftr-384	299	1	and	and	CCONJ
ftr-384	299	2	stat	stat	PROPN
ftr-384	299	3	.	.	PUNCT
ftr-384	300	1	258,259	258,259	NUM
ftr-384	300	2	(	(	PUNCT
ftr-384	300	3	1972	1972	NUM
ftr-384	300	4	)	)	PUNCT
ftr-384	300	5	;	;	PUNCT
ftr-384	300	6	bernard	bernard	PROPN
ftr-384	300	7	m.	m.	PROPN
ftr-384	300	8	wolf	wolf	PROPN
ftr-384	300	9	,	,	PUNCT
ftr-384	300	10	industrial	industrial	ADJ
ftr-384	300	11	diversification	diversification	NOUN
ftr-384	300	12	and	and	CCONJ
ftr-384	300	13	internationalization	internationalization	NOUN
ftr-384	300	14	:	:	PUNCT
ftr-384	300	15	some	some	DET
ftr-384	300	16	empirical	empirical	ADJ
ftr-384	300	17	evidence	evidence	NOUN
ftr-384	300	18	,	,	PUNCT
ftr-384	300	19	26	26	NUM
ftr-384	300	20	j.	j.	NOUN
ftr-384	300	21	of	of	ADP
ftr-384	300	22	indus	indus	PROPN
ftr-384	300	23	.	.	PUNCT
ftr-384	301	1	econ	econ	PROPN
ftr-384	301	2	.	.	PUNCT
ftr-384	302	1	177	177	NUM
ftr-384	302	2	,	,	PUNCT
ftr-384	302	3	179	179	NUM
ftr-384	302	4	(	(	PUNCT
ftr-384	302	5	1977	1977	NUM
ftr-384	302	6	)	)	PUNCT
ftr-384	302	7	.	.	PUNCT
ftr-384	303	1	57	57	NUM
ftr-384	303	2	.	.	PUNCT
ftr-384	303	3	neil	neil	PROPN
ftr-384	303	4	m.	m.	PROPN
ftr-384	303	5	kay	kay	PROPN
ftr-384	303	6	,	,	PUNCT
ftr-384	303	7	penrose	penrose	PROPN
ftr-384	303	8	and	and	CCONJ
ftr-384	303	9	the	the	DET
ftr-384	303	10	growth	growth	NOUN
ftr-384	303	11	of	of	ADP
ftr-384	303	12	multinational	multinational	ADJ
ftr-384	303	13	firms	firm	NOUN
ftr-384	303	14	,	,	PUNCT
ftr-384	303	15	26	26	NUM
ftr-384	303	16	managerial	managerial	ADJ
ftr-384	303	17	and	and	CCONJ
ftr-384	303	18	decision	decision	NOUN
ftr-384	303	19	econ	econ	NOUN
ftr-384	303	20	.	.	PUNCT
ftr-384	304	1	99	99	NUM
ftr-384	304	2	,	,	PUNCT
ftr-384	304	3	102	102	NUM
ftr-384	304	4	(	(	PUNCT
ftr-384	304	5	2005	2005	NUM
ftr-384	304	6	)	)	PUNCT
ftr-384	304	7	;	;	PUNCT
ftr-384	304	8	caves	cave	NOUN
ftr-384	304	9	,	,	PUNCT
ftr-384	304	10	supra	supra	PROPN
ftr-384	304	11	note	note	NOUN
ftr-384	304	12	39	39	NUM
ftr-384	304	13	,	,	PUNCT
ftr-384	304	14	at	at	ADP
ftr-384	304	15	13	13	NUM
ftr-384	304	16	.	.	PUNCT
ftr-384	305	1	2007	2007	NUM
ftr-384	305	2	]	]	PUNCT
ftr-384	305	3	florida	florida	PROPN
ftr-384	305	4	tax	tax	PROPN
ftr-384	305	5	review	review	NOUN
ftr-384	305	6	the	the	DET
ftr-384	305	7	result	result	NOUN
ftr-384	305	8	is	be	AUX
ftr-384	305	9	that	that	SCONJ
ftr-384	305	10	predicting	predict	VERB
ftr-384	305	11	the	the	DET
ftr-384	305	12	impact	impact	NOUN
ftr-384	305	13	of	of	ADP
ftr-384	305	14	a	a	DET
ftr-384	305	15	territorial	territorial	ADJ
ftr-384	305	16	system	system	NOUN
ftr-384	305	17	by	by	ADP
ftr-384	305	18	determining	determine	VERB
ftr-384	305	19	effective	effective	ADJ
ftr-384	305	20	tax	tax	NOUN
ftr-384	305	21	rates	rate	NOUN
ftr-384	305	22	is	be	AUX
ftr-384	305	23	very	very	ADV
ftr-384	305	24	complex	complex	ADJ
ftr-384	305	25	.	.	PUNCT
ftr-384	306	1	we	we	PRON
ftr-384	306	2	need	need	VERB
ftr-384	306	3	to	to	PART
ftr-384	306	4	consider	consider	VERB
ftr-384	306	5	firms	firm	NOUN
ftr-384	306	6	that	that	PRON
ftr-384	306	7	previously	previously	ADV
ftr-384	306	8	had	have	VERB
ftr-384	306	9	no	no	DET
ftr-384	306	10	fdi	fdi	NOUN
ftr-384	306	11	.	.	PUNCT
ftr-384	307	1	even	even	ADV
ftr-384	307	2	if	if	SCONJ
ftr-384	307	3	a	a	DET
ftr-384	307	4	territorial	territorial	ADJ
ftr-384	307	5	system	system	NOUN
ftr-384	307	6	did	do	AUX
ftr-384	307	7	not	not	PART
ftr-384	307	8	encourage	encourage	VERB
ftr-384	307	9	mature	mature	ADJ
ftr-384	307	10	firms	firm	NOUN
ftr-384	307	11	to	to	PART
ftr-384	307	12	increase	increase	VERB
ftr-384	307	13	foreign	foreign	ADJ
ftr-384	307	14	investment	investment	NOUN
ftr-384	307	15	,	,	PUNCT
ftr-384	307	16	it	it	PRON
ftr-384	307	17	might	might	AUX
ftr-384	307	18	encourage	encourage	VERB
ftr-384	307	19	firms	firm	NOUN
ftr-384	307	20	,	,	PUNCT
ftr-384	307	21	which	which	PRON
ftr-384	307	22	had	have	AUX
ftr-384	307	23	previously	previously	ADV
ftr-384	307	24	not	not	PART
ftr-384	307	25	made	make	VERB
ftr-384	307	26	foreign	foreign	ADJ
ftr-384	307	27	investments	investment	NOUN
ftr-384	307	28	,	,	PUNCT
ftr-384	307	29	to	to	PART
ftr-384	307	30	do	do	VERB
ftr-384	307	31	so	so	ADV
ftr-384	307	32	for	for	ADP
ftr-384	307	33	the	the	DET
ftr-384	307	34	first	first	ADJ
ftr-384	307	35	time	time	NOUN
ftr-384	307	36	.	.	PUNCT
ftr-384	308	1	2	2	X
ftr-384	308	2	.	.	X
ftr-384	308	3	analysis	analysis	NOUN
ftr-384	308	4	of	of	ADP
ftr-384	308	5	historic	historic	ADJ
ftr-384	308	6	data	datum	NOUN
ftr-384	308	7	:	:	PUNCT
ftr-384	308	8	foreign	foreign	ADJ
ftr-384	308	9	investment	investment	NOUN
ftr-384	308	10	in	in	ADP
ftr-384	308	11	low	low	ADJ
ftr-384	308	12	-	-	PUNCT
ftr-384	308	13	tax	tax	NOUN
ftr-384	308	14	countries	country	NOUN
ftr-384	308	15	by	by	ADP
ftr-384	308	16	companies	company	NOUN
ftr-384	308	17	subject	subject	ADJ
ftr-384	308	18	to	to	ADP
ftr-384	308	19	a	a	DET
ftr-384	308	20	territorial	territorial	ADJ
ftr-384	308	21	tax	tax	NOUN
ftr-384	308	22	as	as	SCONJ
ftr-384	308	23	discussed	discuss	VERB
ftr-384	308	24	,	,	PUNCT
ftr-384	308	25	above	above	ADV
ftr-384	308	26	,	,	PUNCT
ftr-384	308	27	the	the	DET
ftr-384	308	28	effective	effective	ADJ
ftr-384	308	29	tax	tax	NOUN
ftr-384	308	30	rate	rate	NOUN
ftr-384	308	31	calculations	calculation	NOUN
ftr-384	308	32	are	be	AUX
ftr-384	308	33	not	not	PART
ftr-384	308	34	helpful	helpful	ADJ
ftr-384	308	35	in	in	ADP
ftr-384	308	36	predicting	predict	VERB
ftr-384	308	37	the	the	DET
ftr-384	308	38	response	response	NOUN
ftr-384	308	39	of	of	ADP
ftr-384	308	40	domestic	domestic	ADJ
ftr-384	308	41	investment	investment	NOUN
ftr-384	308	42	to	to	ADP
ftr-384	308	43	the	the	DET
ftr-384	308	44	adoption	adoption	NOUN
ftr-384	308	45	of	of	ADP
ftr-384	308	46	a	a	DET
ftr-384	308	47	territorial	territorial	ADJ
ftr-384	308	48	tax	tax	NOUN
ftr-384	308	49	because	because	SCONJ
ftr-384	308	50	the	the	DET
ftr-384	308	51	effective	effective	ADJ
ftr-384	308	52	tax	tax	NOUN
ftr-384	308	53	rate	rate	NOUN
ftr-384	308	54	is	be	AUX
ftr-384	308	55	only	only	ADV
ftr-384	308	56	determined	determine	VERB
ftr-384	308	57	for	for	ADP
ftr-384	308	58	firms	firm	NOUN
ftr-384	308	59	that	that	PRON
ftr-384	308	60	have	have	VERB
ftr-384	308	61	experience	experience	NOUN
ftr-384	308	62	in	in	ADP
ftr-384	308	63	making	make	VERB
ftr-384	308	64	foreign	foreign	ADJ
ftr-384	308	65	investments	investment	NOUN
ftr-384	308	66	.	.	PUNCT
ftr-384	309	1	moreover	moreover	ADV
ftr-384	309	2	,	,	PUNCT
ftr-384	309	3	the	the	DET
ftr-384	309	4	effective	effective	ADJ
ftr-384	309	5	tax	tax	NOUN
ftr-384	309	6	rate	rate	NOUN
ftr-384	309	7	calculations	calculation	NOUN
ftr-384	309	8	failed	fail	VERB
ftr-384	309	9	to	to	PART
ftr-384	309	10	explain	explain	VERB
ftr-384	309	11	the	the	DET
ftr-384	309	12	rationale	rationale	NOUN
ftr-384	309	13	for	for	ADP
ftr-384	309	14	the	the	DET
ftr-384	309	15	assumption	assumption	NOUN
ftr-384	309	16	that	that	SCONJ
ftr-384	309	17	firms	firm	NOUN
ftr-384	309	18	that	that	PRON
ftr-384	309	19	are	be	AUX
ftr-384	309	20	excess	excess	ADJ
ftr-384	309	21	credit	credit	NOUN
ftr-384	309	22	limitation	limitation	NOUN
ftr-384	309	23	can	can	AUX
ftr-384	309	24	allocate	allocate	VERB
ftr-384	309	25	75	75	NUM
ftr-384	309	26	%	%	NOUN
ftr-384	309	27	of	of	ADP
ftr-384	309	28	their	their	PRON
ftr-384	309	29	overhead	overhead	ADJ
ftr-384	309	30	expenses	expense	NOUN
ftr-384	309	31	to	to	ADP
ftr-384	309	32	high	high	ADJ
ftr-384	309	33	-	-	PUNCT
ftr-384	309	34	tax	tax	NOUN
ftr-384	309	35	income	income	NOUN
ftr-384	309	36	.	.	PUNCT
ftr-384	310	1	in	in	ADP
ftr-384	310	2	addition	addition	NOUN
ftr-384	310	3	to	to	ADP
ftr-384	310	4	the	the	DET
ftr-384	310	5	effective	effective	ADJ
ftr-384	310	6	tax	tax	NOUN
ftr-384	310	7	rate	rate	NOUN
ftr-384	310	8	calculations	calculation	NOUN
ftr-384	310	9	,	,	PUNCT
ftr-384	310	10	altshuler	altshuler	NOUN
ftr-384	310	11	and	and	CCONJ
ftr-384	310	12	grubert	grubert	NOUN
ftr-384	310	13	used	use	VERB
ftr-384	310	14	historical	historical	ADJ
ftr-384	310	15	data	datum	NOUN
ftr-384	310	16	to	to	PART
ftr-384	310	17	determine	determine	VERB
ftr-384	310	18	whether	whether	SCONJ
ftr-384	310	19	a	a	DET
ftr-384	310	20	territorial	territorial	ADJ
ftr-384	310	21	system	system	NOUN
ftr-384	310	22	would	would	AUX
ftr-384	310	23	increase	increase	VERB
ftr-384	310	24	fdi	fdi	NOUN
ftr-384	310	25	by	by	ADP
ftr-384	310	26	looking	look	VERB
ftr-384	310	27	to	to	PART
ftr-384	310	28	see	see	VERB
ftr-384	310	29	whether	whether	SCONJ
ftr-384	310	30	fdi	fdi	NOUN
ftr-384	310	31	by	by	ADP
ftr-384	310	32	companies	company	NOUN
ftr-384	310	33	resident	resident	ADJ
ftr-384	310	34	in	in	ADP
ftr-384	310	35	countries	country	NOUN
ftr-384	310	36	that	that	PRON
ftr-384	310	37	already	already	ADV
ftr-384	310	38	have	have	VERB
ftr-384	310	39	an	an	DET
ftr-384	310	40	exemption	exemption	NOUN
ftr-384	310	41	system	system	NOUN
ftr-384	310	42	(	(	PUNCT
ftr-384	310	43	canada	canada	PROPN
ftr-384	310	44	and	and	CCONJ
ftr-384	310	45	germany	germany	PROPN
ftr-384	310	46	)	)	PUNCT
ftr-384	310	47	differed	differ	VERB
ftr-384	310	48	from	from	ADP
ftr-384	310	49	fdi	fdi	PROPN
ftr-384	310	50	by	by	ADP
ftr-384	310	51	u.s	u.s	PROPN
ftr-384	310	52	.	.	PROPN
ftr-384	310	53	companies	company	NOUN
ftr-384	310	54	.	.	PUNCT
ftr-384	311	1	specifically	specifically	ADV
ftr-384	311	2	,	,	PUNCT
ftr-384	311	3	altshuler	altshuler	NOUN
ftr-384	311	4	and	and	CCONJ
ftr-384	311	5	grubert	grubert	NOUN
ftr-384	311	6	looked	look	VERB
ftr-384	311	7	to	to	PART
ftr-384	311	8	see	see	VERB
ftr-384	311	9	whether	whether	SCONJ
ftr-384	311	10	investments	investment	NOUN
ftr-384	311	11	in	in	ADP
ftr-384	311	12	low	low	ADJ
ftr-384	311	13	-	-	PUNCT
ftr-384	311	14	tax	tax	NOUN
ftr-384	311	15	jurisdictions	jurisdiction	NOUN
ftr-384	311	16	in	in	ADP
ftr-384	311	17	asia	asia	PROPN
ftr-384	311	18	(	(	PUNCT
ftr-384	311	19	singapore	singapore	PROPN
ftr-384	311	20	and	and	CCONJ
ftr-384	311	21	malaysia	malaysia	PROPN
ftr-384	311	22	)	)	PUNCT
ftr-384	311	23	and	and	CCONJ
ftr-384	311	24	in	in	ADP
ftr-384	311	25	europe	europe	PROPN
ftr-384	311	26	(	(	PUNCT
ftr-384	311	27	ireland	ireland	PROPN
ftr-384	311	28	)	)	PUNCT
ftr-384	311	29	by	by	ADP
ftr-384	311	30	canadian	canadian	ADJ
ftr-384	311	31	and	and	CCONJ
ftr-384	311	32	german	german	ADJ
ftr-384	311	33	companies	company	NOUN
ftr-384	311	34	differed	differ	VERB
ftr-384	311	35	from	from	ADP
ftr-384	311	36	investments	investment	NOUN
ftr-384	311	37	made	make	VERB
ftr-384	311	38	by	by	ADP
ftr-384	311	39	u.s	u.s	PROPN
ftr-384	311	40	.	.	PROPN
ftr-384	311	41	companies	company	NOUN
ftr-384	311	42	in	in	ADP
ftr-384	311	43	those	those	DET
ftr-384	311	44	regions	region	NOUN
ftr-384	311	45	.	.	PUNCT
ftr-384	312	1	if	if	SCONJ
ftr-384	312	2	canadian	canadian	ADJ
ftr-384	312	3	and	and	CCONJ
ftr-384	312	4	german	german	ADJ
ftr-384	312	5	companies	company	NOUN
ftr-384	312	6	had	have	VERB
ftr-384	312	7	more	more	ADJ
ftr-384	312	8	investment	investment	NOUN
ftr-384	312	9	in	in	ADP
ftr-384	312	10	low	low	ADJ
ftr-384	312	11	-	-	PUNCT
ftr-384	312	12	tax	tax	NOUN
ftr-384	312	13	countries	country	NOUN
ftr-384	312	14	than	than	ADP
ftr-384	312	15	u.s	u.s	PROPN
ftr-384	312	16	.	.	PROPN
ftr-384	312	17	companies	company	NOUN
ftr-384	312	18	,	,	PUNCT
ftr-384	312	19	that	that	PRON
ftr-384	312	20	would	would	AUX
ftr-384	312	21	suggest	suggest	VERB
ftr-384	312	22	that	that	SCONJ
ftr-384	312	23	u.s	u.s	PROPN
ftr-384	312	24	.	.	PROPN
ftr-384	312	25	companies	company	NOUN
ftr-384	312	26	would	would	AUX
ftr-384	312	27	similarly	similarly	ADV
ftr-384	312	28	increase	increase	VERB
ftr-384	312	29	investment	investment	NOUN
ftr-384	312	30	in	in	ADP
ftr-384	312	31	lowtax	lowtax	ADJ
ftr-384	312	32	countries	country	NOUN
ftr-384	312	33	under	under	ADP
ftr-384	312	34	a	a	DET
ftr-384	312	35	territorial	territorial	ADJ
ftr-384	312	36	system	system	NOUN
ftr-384	312	37	.	.	PUNCT
ftr-384	313	1	the	the	DET
ftr-384	313	2	results	result	NOUN
ftr-384	313	3	,	,	PUNCT
ftr-384	313	4	which	which	PRON
ftr-384	313	5	are	be	AUX
ftr-384	313	6	mixed	mixed	ADJ
ftr-384	313	7	,	,	PUNCT
ftr-384	313	8	are	be	AUX
ftr-384	313	9	reproduced	reproduce	VERB
ftr-384	313	10	below	below	ADV
ftr-384	313	11	.	.	PUNCT
ftr-384	314	1	altshuler	altshuler	NOUN
ftr-384	314	2	and	and	CCONJ
ftr-384	314	3	grubert	grubert	NOUN
ftr-384	314	4	table	table	NOUN
ftr-384	314	5	1	1	NUM
ftr-384	314	6	u.s	u.s	PROPN
ftr-384	314	7	.	.	PROPN
ftr-384	314	8	,	,	PUNCT
ftr-384	314	9	german	german	ADJ
ftr-384	314	10	,	,	PUNCT
ftr-384	314	11	and	and	CCONJ
ftr-384	314	12	canadian	canadian	ADJ
ftr-384	314	13	foreign	foreign	ADJ
ftr-384	314	14	direct	direct	ADJ
ftr-384	314	15	investment	investment	NOUN
ftr-384	314	16	in	in	ADP
ftr-384	314	17	manufacturing	manufacturing	NOUN
ftr-384	314	18	in	in	ADP
ftr-384	314	19	1998	1998	NUM
ftr-384	314	20	u.s	u.s	PROPN
ftr-384	314	21	.	.	PROPN
ftr-384	314	22	germany	germany	PROPN
ftr-384	314	23	canada	canada	PROPN
ftr-384	314	24	asia	asia	PROPN
ftr-384	314	25	singapore	singapore	PROPN
ftr-384	314	26	and	and	CCONJ
ftr-384	314	27	malaysia	malaysia	PROPN
ftr-384	314	28	as	as	ADP
ftr-384	314	29	a	a	DET
ftr-384	314	30	share	share	NOUN
ftr-384	314	31	of	of	ADP
ftr-384	314	32	total	total	ADJ
ftr-384	314	33	asia	asia	PROPN
ftr-384	314	34	0.269	0.269	NUM
ftr-384	314	35	0.153	0.153	NUM
ftr-384	314	36	0.066	0.066	NUM
ftr-384	314	37	europe	europe	PROPN
ftr-384	314	38	ireland	ireland	PROPN
ftr-384	314	39	as	as	ADP
ftr-384	314	40	a	a	DET
ftr-384	314	41	share	share	NOUN
ftr-384	314	42	of	of	ADP
ftr-384	314	43	european	european	PROPN
ftr-384	314	44	union	union	PROPN
ftr-384	314	45	(	(	PUNCT
ftr-384	314	46	except	except	SCONJ
ftr-384	314	47	germany	germany	PROPN
ftr-384	314	48	)	)	PUNCT
ftr-384	314	49	0.067	0.067	NUM
ftr-384	314	50	0.016	0.016	NUM
ftr-384	314	51	0.170	0.170	NUM
ftr-384	314	52	ratio	ratio	NOUN
ftr-384	314	53	of	of	ADP
ftr-384	314	54	ireland	ireland	PROPN
ftr-384	314	55	to	to	ADP
ftr-384	314	56	u.k	u.k	PROPN
ftr-384	314	57	.	.	PROPN
ftr-384	314	58	0.181	0.181	NUM
ftr-384	314	59	0.095	0.095	NUM
ftr-384	314	60	0.278	0.278	NUM
ftr-384	314	61	sources	source	NOUN
ftr-384	314	62	:	:	PUNCT
ftr-384	314	63	survey	survey	NOUN
ftr-384	314	64	of	of	ADP
ftr-384	314	65	current	current	ADJ
ftr-384	314	66	business	business	NOUN
ftr-384	314	67	(	(	PUNCT
ftr-384	314	68	sept	sept	PROPN
ftr-384	314	69	.	.	PROPN
ftr-384	314	70	2000	2000	NUM
ftr-384	314	71	)	)	PUNCT
ftr-384	314	72	,	,	PUNCT
ftr-384	314	73	deutsche	deutsche	PROPN
ftr-384	314	74	bundesbank	bundesbank	PROPN
ftr-384	314	75	:	:	PUNCT
ftr-384	314	76	kapitalverflechtung	kapitalverflechtung	PROPN
ftr-384	314	77	mit	mit	PROPN
ftr-384	314	78	dem	dem	PROPN
ftr-384	314	79	ausland	ausland	PROPN
ftr-384	314	80	(	(	PUNCT
ftr-384	314	81	may	may	PROPN
ftr-384	314	82	2000	2000	NUM
ftr-384	314	83	)	)	PUNCT
ftr-384	314	84	,	,	PUNCT
ftr-384	314	85	and	and	CCONJ
ftr-384	314	86	data	datum	NOUN
ftr-384	314	87	released	release	VERB
ftr-384	314	88	by	by	ADP
ftr-384	314	89	request	request	NOUN
ftr-384	314	90	from	from	ADP
ftr-384	314	91	statistics	statistics	PROPN
ftr-384	314	92	canada	canada	PROPN
ftr-384	314	93	,	,	PUNCT
ftr-384	314	94	balance	balance	NOUN
ftr-384	314	95	of	of	ADP
ftr-384	314	96	payments	payment	NOUN
ftr-384	314	97	division	division	NOUN
ftr-384	314	98	.	.	PUNCT
ftr-384	315	1	[	[	X
ftr-384	315	2	vol	vol	NOUN
ftr-384	315	3	.	.	PUNCT
ftr-384	315	4	8:3	8:3	NUM
ftr-384	315	5	will	will	AUX
ftr-384	315	6	us	we	PRON
ftr-384	315	7	.	.	PUNCT
ftr-384	316	1	investment	investment	NOUN
ftr-384	316	2	go	go	VERB
ftr-384	316	3	abroad	abroad	ADV
ftr-384	316	4	in	in	ADP
ftr-384	316	5	a	a	DET
ftr-384	316	6	territorial	territorial	ADJ
ftr-384	316	7	tax	tax	NOUN
ftr-384	316	8	altshuler	altshuler	NOUN
ftr-384	316	9	and	and	CCONJ
ftr-384	316	10	grubert	grubert	NOUN
ftr-384	316	11	conclude	conclude	VERB
ftr-384	316	12	that	that	SCONJ
ftr-384	316	13	the	the	DET
ftr-384	316	14	"	"	PUNCT
ftr-384	316	15	cross	cross	ADJ
ftr-384	316	16	-	-	ADJ
ftr-384	316	17	country	country	ADJ
ftr-384	316	18	comparison	comparison	NOUN
ftr-384	316	19	gives	give	VERB
ftr-384	316	20	a	a	DET
ftr-384	316	21	mixed	mixed	ADJ
ftr-384	316	22	picture	picture	NOUN
ftr-384	316	23	of	of	ADP
ftr-384	316	24	how	how	SCONJ
ftr-384	316	25	location	location	NOUN
ftr-384	316	26	incentives	incentive	NOUN
ftr-384	316	27	may	may	AUX
ftr-384	316	28	change	change	VERB
ftr-384	316	29	under	under	ADP
ftr-384	316	30	dividend	dividend	NOUN
ftr-384	316	31	exemption	exemption	NOUN
ftr-384	316	32	.	.	PUNCT
ftr-384	317	1	"	"	PUNCT
ftr-384	317	2	"	"	PUNCT
ftr-384	317	3	they	they	PRON
ftr-384	317	4	observed	observe	VERB
ftr-384	317	5	that	that	SCONJ
ftr-384	317	6	in	in	ADP
ftr-384	317	7	asia	asia	PROPN
ftr-384	317	8	,	,	PUNCT
ftr-384	317	9	u.s	u.s	PROPN
ftr-384	317	10	.	.	PROPN
ftr-384	317	11	affiliates	affiliate	NOUN
ftr-384	317	12	held	hold	VERB
ftr-384	317	13	a	a	DET
ftr-384	317	14	larger	large	ADJ
ftr-384	317	15	share	share	NOUN
ftr-384	317	16	of	of	ADP
ftr-384	317	17	investment	investment	NOUN
ftr-384	317	18	in	in	ADP
ftr-384	317	19	low	low	ADJ
ftr-384	317	20	-	-	PUNCT
ftr-384	317	21	tax	tax	NOUN
ftr-384	317	22	countries	country	NOUN
ftr-384	317	23	than	than	ADP
ftr-384	317	24	germany	germany	PROPN
ftr-384	317	25	and	and	CCONJ
ftr-384	317	26	canada	canada	PROPN
ftr-384	317	27	.	.	PUNCT
ftr-384	318	1	almost	almost	ADV
ftr-384	318	2	27	27	NUM
ftr-384	318	3	%	%	NOUN
ftr-384	318	4	of	of	ADP
ftr-384	318	5	manufacturing	manufacture	VERB
ftr-384	318	6	fdi	fdi	PROPN
ftr-384	318	7	of	of	ADP
ftr-384	318	8	u.s	u.s	PROPN
ftr-384	318	9	.	.	PROPN
ftr-384	318	10	firms	firm	NOUN
ftr-384	318	11	in	in	ADP
ftr-384	318	12	asia	asia	PROPN
ftr-384	318	13	was	be	AUX
ftr-384	318	14	located	locate	VERB
ftr-384	318	15	in	in	ADP
ftr-384	318	16	singapore	singapore	PROPN
ftr-384	318	17	and	and	CCONJ
ftr-384	318	18	malaysia	malaysia	PROPN
ftr-384	318	19	in	in	ADP
ftr-384	318	20	1998	1998	NUM
ftr-384	318	21	.	.	PUNCT
ftr-384	319	1	in	in	ADP
ftr-384	319	2	contrast	contrast	NOUN
ftr-384	319	3	,	,	PUNCT
ftr-384	319	4	the	the	DET
ftr-384	319	5	percentage	percentage	NOUN
ftr-384	319	6	for	for	ADP
ftr-384	319	7	germany	germany	PROPN
ftr-384	319	8	was	be	AUX
ftr-384	319	9	only	only	ADV
ftr-384	319	10	15	15	NUM
ftr-384	319	11	%	%	NOUN
ftr-384	319	12	and	and	CCONJ
ftr-384	319	13	for	for	ADP
ftr-384	319	14	canada	canada	PROPN
ftr-384	319	15	it	it	PRON
ftr-384	319	16	was	be	AUX
ftr-384	319	17	under	under	ADP
ftr-384	319	18	7	7	NUM
ftr-384	319	19	%	%	NOUN
ftr-384	319	20	.	.	PUNCT
ftr-384	320	1	they	they	PRON
ftr-384	320	2	interpret	interpret	VERB
ftr-384	320	3	this	this	PRON
ftr-384	320	4	as	as	ADP
ftr-384	320	5	suggesting	suggest	VERB
ftr-384	320	6	that	that	SCONJ
ftr-384	320	7	exempting	exempt	VERB
ftr-384	320	8	dividends	dividend	NOUN
ftr-384	320	9	from	from	ADP
ftr-384	320	10	u.s	u.s	PROPN
ftr-384	320	11	.	.	PROPN
ftr-384	320	12	taxation	taxation	NOUN
ftr-384	320	13	may	may	AUX
ftr-384	320	14	not	not	PART
ftr-384	320	15	induce	induce	VERB
ftr-384	320	16	a	a	DET
ftr-384	320	17	significant	significant	ADJ
ftr-384	320	18	reallocation	reallocation	NOUN
ftr-384	320	19	of	of	ADP
ftr-384	320	20	investment	investment	NOUN
ftr-384	320	21	across	across	ADP
ftr-384	320	22	low	low	ADJ
ftr-384	320	23	-	-	PUNCT
ftr-384	320	24	tax	tax	NOUN
ftr-384	320	25	jurisdictions	jurisdiction	NOUN
ftr-384	320	26	in	in	ADP
ftr-384	320	27	asia	asia	PROPN
ftr-384	320	28	.	.	PUNCT
ftr-384	321	1	9	9	NUM
ftr-384	321	2	altshuler	altshuler	NOUN
ftr-384	321	3	and	and	CCONJ
ftr-384	321	4	grubert	grubert	ADJ
ftr-384	321	5	further	further	ADJ
ftr-384	321	6	note	note	NOUN
ftr-384	321	7	,	,	PUNCT
ftr-384	321	8	however	however	ADV
ftr-384	321	9	,	,	PUNCT
ftr-384	321	10	that	that	SCONJ
ftr-384	321	11	the	the	DET
ftr-384	321	12	"	"	PUNCT
ftr-384	321	13	evidence	evidence	NOUN
ftr-384	321	14	from	from	ADP
ftr-384	321	15	europe	europe	PROPN
ftr-384	321	16	.	.	PUNCT
ftr-384	321	17	.	.	PUNCT
ftr-384	321	18	.	.	PUNCT
ftr-384	322	1	presents	present	VERB
ftr-384	322	2	a	a	DET
ftr-384	322	3	more	more	ADV
ftr-384	322	4	guarded	guard	VERB
ftr-384	322	5	prediction	prediction	NOUN
ftr-384	322	6	.	.	PUNCT
ftr-384	323	1	"6	"6	VERB
ftr-384	323	2	the	the	DET
ftr-384	323	3	data	datum	NOUN
ftr-384	323	4	for	for	ADP
ftr-384	323	5	germany	germany	PROPN
ftr-384	323	6	suggests	suggest	VERB
ftr-384	323	7	that	that	SCONJ
ftr-384	323	8	a	a	DET
ftr-384	323	9	territorial	territorial	ADJ
ftr-384	323	10	system	system	NOUN
ftr-384	323	11	will	will	AUX
ftr-384	323	12	not	not	PART
ftr-384	323	13	encourage	encourage	VERB
ftr-384	323	14	increased	increase	VERB
ftr-384	323	15	u.s	u.s	PROPN
ftr-384	323	16	investment	investment	NOUN
ftr-384	323	17	in	in	ADP
ftr-384	323	18	low	low	ADJ
ftr-384	323	19	-	-	PUNCT
ftr-384	323	20	tax	tax	NOUN
ftr-384	323	21	countries	country	NOUN
ftr-384	323	22	since	since	SCONJ
ftr-384	323	23	german	german	ADJ
ftr-384	323	24	affiliates	affiliate	NOUN
ftr-384	323	25	hold	hold	VERB
ftr-384	323	26	a	a	DET
ftr-384	323	27	substantially	substantially	ADV
ftr-384	323	28	smaller	small	ADJ
ftr-384	323	29	share	share	NOUN
ftr-384	323	30	of	of	ADP
ftr-384	323	31	fdi	fdi	PROPN
ftr-384	323	32	in	in	ADP
ftr-384	323	33	ireland	ireland	PROPN
ftr-384	323	34	(	(	PUNCT
ftr-384	323	35	as	as	ADP
ftr-384	323	36	a	a	DET
ftr-384	323	37	share	share	NOUN
ftr-384	323	38	of	of	ADP
ftr-384	323	39	their	their	PRON
ftr-384	323	40	investment	investment	NOUN
ftr-384	323	41	in	in	ADP
ftr-384	323	42	the	the	DET
ftr-384	323	43	european	european	PROPN
ftr-384	323	44	union	union	PROPN
ftr-384	323	45	)	)	PUNCT
ftr-384	323	46	than	than	ADP
ftr-384	323	47	u.s	u.s	PROPN
ftr-384	323	48	.	.	PROPN
ftr-384	323	49	affiliates	affiliate	NOUN
ftr-384	323	50	:	:	PUNCT
ftr-384	323	51	1.6	1.6	NUM
ftr-384	323	52	%	%	NOUN
ftr-384	323	53	versus	versus	ADP
ftr-384	323	54	6.7	6.7	NUM
ftr-384	323	55	%	%	NOUN
ftr-384	323	56	.	.	PUNCT
ftr-384	324	1	the	the	DET
ftr-384	324	2	canadian	canadian	ADJ
ftr-384	324	3	experience	experience	NOUN
ftr-384	324	4	suggests	suggest	VERB
ftr-384	324	5	the	the	DET
ftr-384	324	6	opposite	opposite	ADJ
ftr-384	324	7	,	,	PUNCT
ftr-384	324	8	however	however	ADV
ftr-384	324	9	.	.	PUNCT
ftr-384	325	1	canadian	canadian	ADJ
ftr-384	325	2	firms	firm	NOUN
ftr-384	325	3	have	have	VERB
ftr-384	325	4	significantly	significantly	ADV
ftr-384	325	5	more	more	ADJ
ftr-384	325	6	fdi	fdi	NOUN
ftr-384	325	7	in	in	ADP
ftr-384	325	8	ireland	ireland	PROPN
ftr-384	325	9	than	than	ADP
ftr-384	325	10	u.s	u.s	PROPN
ftr-384	325	11	.	.	PROPN
ftr-384	325	12	firms	firm	NOUN
ftr-384	325	13	.	.	PUNCT
ftr-384	326	1	canadian	canadian	ADJ
ftr-384	326	2	investment	investment	NOUN
ftr-384	326	3	in	in	ADP
ftr-384	326	4	ireland	ireland	NOUN
ftr-384	326	5	accounts	account	VERB
ftr-384	326	6	for	for	ADP
ftr-384	326	7	17	17	NUM
ftr-384	326	8	%	%	NOUN
ftr-384	326	9	of	of	ADP
ftr-384	326	10	the	the	DET
ftr-384	326	11	stock	stock	NOUN
ftr-384	326	12	of	of	ADP
ftr-384	326	13	canadian	canadian	PROPN
ftr-384	326	14	fdi	fdi	PROPN
ftr-384	326	15	in	in	ADP
ftr-384	326	16	the	the	DET
ftr-384	326	17	european	european	PROPN
ftr-384	326	18	union	union	PROPN
ftr-384	326	19	.	.	PUNCT
ftr-384	327	1	in	in	ADP
ftr-384	327	2	contrast	contrast	NOUN
ftr-384	327	3	,	,	PUNCT
ftr-384	327	4	u.s	u.s	PROPN
ftr-384	327	5	.	.	PROPN
ftr-384	327	6	firms	firm	NOUN
ftr-384	327	7	located	locate	VERB
ftr-384	327	8	only	only	ADV
ftr-384	327	9	6.7	6.7	NUM
ftr-384	327	10	%	%	NOUN
ftr-384	327	11	of	of	ADP
ftr-384	327	12	their	their	PRON
ftr-384	327	13	european	european	ADJ
ftr-384	327	14	investment	investment	NOUN
ftr-384	327	15	in	in	ADP
ftr-384	327	16	ireland	ireland	PROPN
ftr-384	327	17	.	.	PUNCT
ftr-384	328	1	further	far	ADV
ftr-384	328	2	,	,	PUNCT
ftr-384	328	3	the	the	DET
ftr-384	328	4	ratio	ratio	NOUN
ftr-384	328	5	of	of	ADP
ftr-384	328	6	canadian	canadian	ADJ
ftr-384	328	7	investment	investment	NOUN
ftr-384	328	8	in	in	ADP
ftr-384	328	9	ireland	ireland	PROPN
ftr-384	328	10	relative	relative	ADJ
ftr-384	328	11	to	to	ADP
ftr-384	328	12	canadian	canadian	ADJ
ftr-384	328	13	investment	investment	NOUN
ftr-384	328	14	in	in	ADP
ftr-384	328	15	great	great	ADJ
ftr-384	328	16	britain	britain	PROPN
ftr-384	328	17	is	be	AUX
ftr-384	328	18	28	28	NUM
ftr-384	328	19	%	%	NOUN
ftr-384	328	20	while	while	SCONJ
ftr-384	328	21	it	it	PRON
ftr-384	328	22	is	be	AUX
ftr-384	328	23	only	only	ADV
ftr-384	328	24	18	18	NUM
ftr-384	328	25	%	%	NOUN
ftr-384	328	26	for	for	ADP
ftr-384	328	27	u.s	u.s	PROPN
ftr-384	328	28	.	.	PROPN
ftr-384	328	29	companies	company	NOUN
ftr-384	328	30	.	.	PUNCT
ftr-384	329	1	altshuler	altshuler	NOUN
ftr-384	329	2	and	and	CCONJ
ftr-384	329	3	grubert	grubert	PROPN
ftr-384	329	4	conclude	conclude	NOUN
ftr-384	329	5	:	:	PUNCT
ftr-384	329	6	thus	thus	ADV
ftr-384	329	7	,	,	PUNCT
ftr-384	329	8	the	the	DET
ftr-384	329	9	canadian	canadian	ADJ
ftr-384	329	10	experience	experience	NOUN
ftr-384	329	11	in	in	ADP
ftr-384	329	12	europe	europe	PROPN
ftr-384	329	13	hints	hint	VERB
ftr-384	329	14	that	that	PRON
ftr-384	329	15	dividend	dividend	NOUN
ftr-384	329	16	exemption	exemption	NOUN
ftr-384	329	17	may	may	AUX
ftr-384	329	18	have	have	VERB
ftr-384	329	19	some	some	DET
ftr-384	329	20	effect	effect	NOUN
ftr-384	329	21	on	on	ADP
ftr-384	329	22	the	the	DET
ftr-384	329	23	location	location	NOUN
ftr-384	329	24	decisions	decision	NOUN
ftr-384	329	25	of	of	ADP
ftr-384	329	26	the	the	DET
ftr-384	329	27	u.s	u.s	PROPN
ftr-384	329	28	.	.	PROPN
ftr-384	329	29	mncs	mncs	PROPN
ftr-384	330	1	[	[	X
ftr-384	330	2	multinational	multinational	ADJ
ftr-384	330	3	corporations	corporation	NOUN
ftr-384	330	4	]	]	PUNCT
ftr-384	330	5	.	.	PUNCT
ftr-384	331	1	taken	take	VERB
ftr-384	331	2	as	as	ADP
ftr-384	331	3	a	a	DET
ftr-384	331	4	whole	whole	NOUN
ftr-384	331	5	,	,	PUNCT
ftr-384	331	6	however	however	ADV
ftr-384	331	7	,	,	PUNCT
ftr-384	331	8	the	the	DET
ftr-384	331	9	evidence	evidence	NOUN
ftr-384	331	10	from	from	ADP
ftr-384	331	11	the	the	DET
ftr-384	331	12	fdi	fdi	NOUN
ftr-384	331	13	data	data	NOUN
ftr-384	331	14	presents	present	VERB
ftr-384	331	15	a	a	DET
ftr-384	331	16	mixed	mixed	ADJ
ftr-384	331	17	picture.6	picture.6	NOUN
ftr-384	331	18	'	'	PUNCT
ftr-384	331	19	in	in	ADP
ftr-384	331	20	summary	summary	NOUN
ftr-384	331	21	,	,	PUNCT
ftr-384	331	22	the	the	DET
ftr-384	331	23	comparison	comparison	NOUN
ftr-384	331	24	of	of	ADP
ftr-384	331	25	fdi	fdi	NOUN
ftr-384	331	26	by	by	ADP
ftr-384	331	27	countries	country	NOUN
ftr-384	331	28	with	with	ADP
ftr-384	331	29	an	an	DET
ftr-384	331	30	exemption	exemption	NOUN
ftr-384	331	31	system	system	NOUN
ftr-384	331	32	(	(	PUNCT
ftr-384	331	33	canada	canada	PROPN
ftr-384	331	34	and	and	CCONJ
ftr-384	331	35	germany	germany	PROPN
ftr-384	331	36	)	)	PUNCT
ftr-384	331	37	to	to	AUX
ftr-384	331	38	fdi	fdi	VERB
ftr-384	331	39	by	by	ADP
ftr-384	331	40	the	the	DET
ftr-384	331	41	u.s	u.s	PROPN
ftr-384	331	42	.	.	PROPN
ftr-384	331	43	gives	give	VERB
ftr-384	331	44	mixed	mixed	ADJ
ftr-384	331	45	results	result	NOUN
ftr-384	331	46	.	.	PUNCT
ftr-384	332	1	there	there	PRON
ftr-384	332	2	appears	appear	VERB
ftr-384	332	3	to	to	PART
ftr-384	332	4	be	be	AUX
ftr-384	332	5	no	no	DET
ftr-384	332	6	difference	difference	NOUN
ftr-384	332	7	between	between	ADP
ftr-384	332	8	the	the	DET
ftr-384	332	9	two	two	NUM
ftr-384	332	10	systems	system	NOUN
ftr-384	332	11	for	for	ADP
ftr-384	332	12	investment	investment	NOUN
ftr-384	332	13	in	in	ADP
ftr-384	332	14	asia	asia	PROPN
ftr-384	332	15	.	.	PUNCT
ftr-384	333	1	in	in	ADP
ftr-384	333	2	europe	europe	PROPN
ftr-384	333	3	,	,	PUNCT
ftr-384	333	4	however	however	ADV
ftr-384	333	5	,	,	PUNCT
ftr-384	333	6	there	there	PRON
ftr-384	333	7	is	be	VERB
ftr-384	333	8	a	a	DET
ftr-384	333	9	significant	significant	ADJ
ftr-384	333	10	difference	difference	NOUN
ftr-384	333	11	between	between	ADP
ftr-384	333	12	canada	canada	PROPN
ftr-384	333	13	and	and	CCONJ
ftr-384	333	14	the	the	DET
ftr-384	333	15	u.s	u.s	PROPN
ftr-384	333	16	.	.	PROPN
ftr-384	333	17	for	for	ADP
ftr-384	333	18	fdi	fdi	PROPN
ftr-384	333	19	in	in	ADP
ftr-384	333	20	low	low	ADJ
ftr-384	333	21	-	-	PUNCT
ftr-384	333	22	tax	tax	NOUN
ftr-384	333	23	countries	country	NOUN
ftr-384	333	24	.	.	PUNCT
ftr-384	334	1	this	this	PRON
ftr-384	334	2	suggests	suggest	VERB
ftr-384	334	3	that	that	SCONJ
ftr-384	334	4	at	at	ADV
ftr-384	334	5	least	least	ADJ
ftr-384	334	6	in	in	ADP
ftr-384	334	7	the	the	DET
ftr-384	334	8	case	case	NOUN
ftr-384	334	9	of	of	ADP
ftr-384	334	10	canada	canada	PROPN
ftr-384	334	11	,	,	PUNCT
ftr-384	334	12	a	a	DET
ftr-384	334	13	territorial	territorial	ADJ
ftr-384	334	14	tax	tax	NOUN
ftr-384	334	15	encourages	encourage	VERB
ftr-384	334	16	more	more	ADJ
ftr-384	334	17	investment	investment	NOUN
ftr-384	334	18	in	in	ADP
ftr-384	334	19	low	low	ADJ
ftr-384	334	20	-	-	PUNCT
ftr-384	334	21	tax	tax	NOUN
ftr-384	334	22	foreign	foreign	ADJ
ftr-384	334	23	countries	country	NOUN
ftr-384	334	24	.	.	PUNCT
ftr-384	335	1	58	58	NUM
ftr-384	335	2	.	.	PUNCT
ftr-384	336	1	altshuler	altshuler	PROPN
ftr-384	336	2	&	&	CCONJ
ftr-384	336	3	grubert	grubert	PROPN
ftr-384	336	4	,	,	PUNCT
ftr-384	336	5	supra	supra	PROPN
ftr-384	336	6	note	note	NOUN
ftr-384	336	7	5	5	NUM
ftr-384	336	8	,	,	PUNCT
ftr-384	336	9	at	at	ADP
ftr-384	336	10	792	792	NUM
ftr-384	336	11	.	.	PUNCT
ftr-384	336	12	59	59	NUM
ftr-384	336	13	.	.	PUNCT
ftr-384	337	1	i	i	PRON
ftr-384	337	2	d.	d.	PROPN
ftr-384	337	3	60	60	NUM
ftr-384	337	4	.	.	PUNCT
ftr-384	338	1	i	i	PRON
ftr-384	338	2	d.	d.	PROPN
ftr-384	338	3	61	61	NUM
ftr-384	338	4	.	.	PUNCT
ftr-384	339	1	i	i	PRON
ftr-384	339	2	d.	d.	PROPN
ftr-384	339	3	20071	20071	NUM
ftr-384	339	4	florida	florida	PROPN
ftr-384	339	5	tax	tax	NOUN
ftr-384	339	6	review	review	NOUN
ftr-384	339	7	3	3	X
ftr-384	339	8	.	.	PUNCT
ftr-384	340	1	analysis	analysis	NOUN
ftr-384	340	2	of	of	ADP
ftr-384	340	3	historic	historic	ADJ
ftr-384	340	4	data	datum	NOUN
ftr-384	340	5	:	:	PUNCT
ftr-384	340	6	foreign	foreign	ADJ
ftr-384	340	7	investment	investment	NOUN
ftr-384	340	8	in	in	ADP
ftr-384	340	9	low	low	ADJ
ftr-384	340	10	-	-	PUNCT
ftr-384	340	11	tax	tax	NOUN
ftr-384	340	12	countries	country	NOUN
ftr-384	340	13	by	by	ADP
ftr-384	340	14	us	we	PRON
ftr-384	340	15	.	.	PUNCT
ftr-384	341	1	companies	company	NOUN
ftr-384	341	2	with	with	ADP
ftr-384	341	3	excess	excess	ADJ
ftr-384	341	4	credits	credit	NOUN
ftr-384	341	5	in	in	ADP
ftr-384	341	6	the	the	DET
ftr-384	341	7	last	last	ADJ
ftr-384	341	8	part	part	NOUN
ftr-384	341	9	of	of	ADP
ftr-384	341	10	their	their	PRON
ftr-384	341	11	article	article	NOUN
ftr-384	341	12	,	,	PUNCT
ftr-384	341	13	altshuler	altshuler	NOUN
ftr-384	341	14	and	and	CCONJ
ftr-384	341	15	grubert	grubert	NOUN
ftr-384	341	16	used	use	VERB
ftr-384	341	17	1996	1996	NUM
ftr-384	341	18	tax	tax	NOUN
ftr-384	341	19	return	return	NOUN
ftr-384	341	20	data	datum	NOUN
ftr-384	341	21	for	for	ADP
ftr-384	341	22	u.s	u.s	PROPN
ftr-384	341	23	.	.	PROPN
ftr-384	341	24	multinational	multinational	ADJ
ftr-384	341	25	corporations	corporation	NOUN
ftr-384	341	26	to	to	PART
ftr-384	341	27	predict	predict	VERB
ftr-384	341	28	the	the	DET
ftr-384	341	29	effect	effect	NOUN
ftr-384	341	30	of	of	ADP
ftr-384	341	31	adopting	adopt	VERB
ftr-384	341	32	an	an	DET
ftr-384	341	33	exemption	exemption	NOUN
ftr-384	341	34	system	system	NOUN
ftr-384	341	35	.	.	PUNCT
ftr-384	342	1	they	they	PRON
ftr-384	342	2	sought	seek	VERB
ftr-384	342	3	to	to	PART
ftr-384	342	4	do	do	VERB
ftr-384	342	5	this	this	PRON
ftr-384	342	6	by	by	ADP
ftr-384	342	7	asking	ask	VERB
ftr-384	342	8	whether	whether	SCONJ
ftr-384	342	9	corporations	corporation	NOUN
ftr-384	342	10	that	that	PRON
ftr-384	342	11	did	do	AUX
ftr-384	342	12	not	not	PART
ftr-384	342	13	expect	expect	VERB
ftr-384	342	14	to	to	PART
ftr-384	342	15	pay	pay	VERB
ftr-384	342	16	taxes	taxis	NOUN
ftr-384	342	17	on	on	ADP
ftr-384	342	18	repatriations	repatriation	NOUN
ftr-384	342	19	because	because	SCONJ
ftr-384	342	20	they	they	PRON
ftr-384	342	21	had	have	VERB
ftr-384	342	22	significant	significant	ADJ
ftr-384	342	23	foreign	foreign	ADJ
ftr-384	342	24	tax	tax	NOUN
ftr-384	342	25	credit	credit	NOUN
ftr-384	342	26	carryovers	carryover	NOUN
ftr-384	342	27	were	be	AUX
ftr-384	342	28	more	more	ADV
ftr-384	342	29	likely	likely	ADJ
ftr-384	342	30	to	to	PART
ftr-384	342	31	invest	invest	VERB
ftr-384	342	32	in	in	ADP
ftr-384	342	33	low	low	ADJ
ftr-384	342	34	-	-	PUNCT
ftr-384	342	35	tax	tax	NOUN
ftr-384	342	36	jurisdictions	jurisdiction	NOUN
ftr-384	342	37	than	than	ADP
ftr-384	342	38	in	in	ADP
ftr-384	342	39	high	high	ADJ
ftr-384	342	40	-	-	PUNCT
ftr-384	342	41	tax	tax	NOUN
ftr-384	342	42	jurisdictions	jurisdiction	NOUN
ftr-384	342	43	.	.	PUNCT
ftr-384	343	1	a	a	DET
ftr-384	343	2	tendency	tendency	NOUN
ftr-384	343	3	by	by	ADP
ftr-384	343	4	such	such	ADJ
ftr-384	343	5	corporations	corporation	NOUN
ftr-384	343	6	to	to	PART
ftr-384	343	7	invest	invest	VERB
ftr-384	343	8	in	in	ADP
ftr-384	343	9	lowtax	lowtax	ADJ
ftr-384	343	10	jurisdictions	jurisdiction	NOUN
ftr-384	343	11	would	would	AUX
ftr-384	343	12	suggest	suggest	VERB
ftr-384	343	13	that	that	SCONJ
ftr-384	343	14	the	the	DET
ftr-384	343	15	adoption	adoption	NOUN
ftr-384	343	16	of	of	ADP
ftr-384	343	17	an	an	DET
ftr-384	343	18	exemption	exemption	NOUN
ftr-384	343	19	system	system	NOUN
ftr-384	343	20	would	would	AUX
ftr-384	343	21	similarly	similarly	ADV
ftr-384	343	22	encourage	encourage	VERB
ftr-384	343	23	multinationals	multinational	NOUN
ftr-384	343	24	to	to	PART
ftr-384	343	25	invest	invest	VERB
ftr-384	343	26	in	in	ADP
ftr-384	343	27	low	low	ADJ
ftr-384	343	28	-	-	PUNCT
ftr-384	343	29	tax	tax	NOUN
ftr-384	343	30	jurisdictions	jurisdiction	NOUN
ftr-384	343	31	since	since	SCONJ
ftr-384	343	32	having	have	VERB
ftr-384	343	33	foreign	foreign	ADJ
ftr-384	343	34	tax	tax	NOUN
ftr-384	343	35	carryforwards	carryforward	NOUN
ftr-384	343	36	is	be	AUX
ftr-384	343	37	somewhat	somewhat	ADV
ftr-384	343	38	equivalent	equivalent	ADJ
ftr-384	343	39	to	to	ADP
ftr-384	343	40	being	be	AUX
ftr-384	343	41	exempt	exempt	ADJ
ftr-384	343	42	from	from	ADP
ftr-384	343	43	tax	tax	NOUN
ftr-384	343	44	.	.	PUNCT
ftr-384	344	1	to	to	PART
ftr-384	344	2	test	test	VERB
ftr-384	344	3	this	this	PRON
ftr-384	344	4	they	they	PRON
ftr-384	344	5	used	use	VERB
ftr-384	344	6	regression	regression	NOUN
ftr-384	344	7	analysis	analysis	NOUN
ftr-384	344	8	to	to	PART
ftr-384	344	9	determine	determine	VERB
ftr-384	344	10	whether	whether	SCONJ
ftr-384	344	11	companies	company	NOUN
ftr-384	344	12	with	with	ADP
ftr-384	344	13	significant	significant	ADJ
ftr-384	344	14	foreign	foreign	ADJ
ftr-384	344	15	tax	tax	NOUN
ftr-384	344	16	credit	credit	NOUN
ftr-384	344	17	carryovers	carryover	NOUN
ftr-384	344	18	had	have	VERB
ftr-384	344	19	a	a	DET
ftr-384	344	20	higher	high	ADJ
ftr-384	344	21	probability	probability	NOUN
ftr-384	344	22	of	of	ADP
ftr-384	344	23	investing	invest	VERB
ftr-384	344	24	in	in	ADP
ftr-384	344	25	low	low	ADJ
ftr-384	344	26	-	-	PUNCT
ftr-384	344	27	tax	tax	NOUN
ftr-384	344	28	countries	country	NOUN
ftr-384	344	29	than	than	ADP
ftr-384	344	30	in	in	ADP
ftr-384	344	31	high	high	ADJ
ftr-384	344	32	-	-	PUNCT
ftr-384	344	33	tax	tax	NOUN
ftr-384	344	34	countries	country	NOUN
ftr-384	344	35	.	.	PUNCT
ftr-384	345	1	the	the	DET
ftr-384	345	2	dependent	dependent	ADJ
ftr-384	345	3	variable	variable	NOUN
ftr-384	345	4	in	in	ADP
ftr-384	345	5	their	their	PRON
ftr-384	345	6	regression	regression	NOUN
ftr-384	345	7	model	model	NOUN
ftr-384	345	8	was	be	AUX
ftr-384	345	9	simply	simply	ADV
ftr-384	345	10	assigned	assign	VERB
ftr-384	345	11	the	the	DET
ftr-384	345	12	number	number	NOUN
ftr-384	345	13	one	one	NUM
ftr-384	345	14	if	if	SCONJ
ftr-384	345	15	a	a	DET
ftr-384	345	16	multinational	multinational	NOUN
ftr-384	345	17	has	have	VERB
ftr-384	345	18	at	at	ADV
ftr-384	345	19	least	least	ADV
ftr-384	345	20	one	one	NUM
ftr-384	345	21	subsidiary	subsidiary	NOUN
ftr-384	345	22	in	in	ADP
ftr-384	345	23	a	a	DET
ftr-384	345	24	country	country	NOUN
ftr-384	345	25	or	or	CCONJ
ftr-384	345	26	zero	zero	NUM
ftr-384	345	27	if	if	SCONJ
ftr-384	345	28	it	it	PRON
ftr-384	345	29	had	have	VERB
ftr-384	345	30	no	no	DET
ftr-384	345	31	subsidiary	subsidiary	NOUN
ftr-384	345	32	in	in	ADP
ftr-384	345	33	that	that	DET
ftr-384	345	34	country.62	country.62	NOUN
ftr-384	345	35	the	the	DET
ftr-384	345	36	independent	independent	ADJ
ftr-384	345	37	variables	variable	NOUN
ftr-384	345	38	included	include	VERB
ftr-384	345	39	various	various	ADJ
ftr-384	345	40	measures	measure	NOUN
ftr-384	345	41	of	of	ADP
ftr-384	345	42	the	the	DET
ftr-384	345	43	extent	extent	NOUN
ftr-384	345	44	to	to	PART
ftr-384	345	45	which	which	PRON
ftr-384	345	46	a	a	DET
ftr-384	345	47	multinational	multinational	NOUN
ftr-384	345	48	had	have	VERB
ftr-384	345	49	significant	significant	ADJ
ftr-384	345	50	excess	excess	ADJ
ftr-384	345	51	foreign	foreign	ADJ
ftr-384	345	52	tax	tax	NOUN
ftr-384	345	53	credits	credit	NOUN
ftr-384	345	54	and	and	CCONJ
ftr-384	345	55	the	the	DET
ftr-384	345	56	effective	effective	ADJ
ftr-384	345	57	tax	tax	NOUN
ftr-384	345	58	rates	rate	NOUN
ftr-384	345	59	of	of	ADP
ftr-384	345	60	the	the	DET
ftr-384	345	61	various	various	ADJ
ftr-384	345	62	countries	country	NOUN
ftr-384	345	63	in	in	ADP
ftr-384	345	64	the	the	DET
ftr-384	345	65	data	datum	NOUN
ftr-384	345	66	sample.63	sample.63	PROPN
ftr-384	345	67	they	they	PRON
ftr-384	345	68	found	find	VERB
ftr-384	345	69	that	that	SCONJ
ftr-384	345	70	corporations	corporation	NOUN
ftr-384	345	71	not	not	PART
ftr-384	345	72	expecting	expect	VERB
ftr-384	345	73	to	to	PART
ftr-384	345	74	pay	pay	VERB
ftr-384	345	75	u.s	u.s	PROPN
ftr-384	345	76	.	.	PROPN
ftr-384	345	77	tax	tax	NOUN
ftr-384	345	78	were	be	AUX
ftr-384	345	79	more	more	ADV
ftr-384	345	80	likely	likely	ADJ
ftr-384	345	81	to	to	PART
ftr-384	345	82	have	have	VERB
ftr-384	345	83	a	a	DET
ftr-384	345	84	subsidiary	subsidiary	NOUN
ftr-384	345	85	in	in	ADP
ftr-384	345	86	low	low	ADJ
ftr-384	345	87	-	-	PUNCT
ftr-384	345	88	tax	tax	NOUN
ftr-384	345	89	jurisdictions	jurisdiction	NOUN
ftr-384	345	90	than	than	ADP
ftr-384	345	91	in	in	ADP
ftr-384	345	92	high	high	ADJ
ftr-384	345	93	-	-	PUNCT
ftr-384	345	94	tax	tax	NOUN
ftr-384	345	95	countries	country	NOUN
ftr-384	345	96	,	,	PUNCT
ftr-384	345	97	although	although	SCONJ
ftr-384	345	98	the	the	DET
ftr-384	345	99	magnitude	magnitude	NOUN
ftr-384	345	100	of	of	ADP
ftr-384	345	101	the	the	DET
ftr-384	345	102	response	response	NOUN
ftr-384	345	103	was	be	AUX
ftr-384	345	104	small	small	ADJ
ftr-384	345	105	.	.	PUNCT
ftr-384	345	106	'	'	PUNCT
ftr-384	346	1	they	they	PRON
ftr-384	346	2	concluded	conclude	VERB
ftr-384	346	3	that	that	SCONJ
ftr-384	346	4	"	"	PUNCT
ftr-384	346	5	[	[	X
ftr-384	346	6	i]f	i]f	NOUN
ftr-384	346	7	firms	firm	NOUN
ftr-384	346	8	without	without	ADP
ftr-384	346	9	foreign	foreign	ADJ
ftr-384	346	10	tax	tax	NOUN
ftr-384	346	11	credit	credit	NOUN
ftr-384	346	12	carryforwards	carryforward	NOUN
ftr-384	346	13	...	...	PUNCT
ftr-384	346	14	behave	behave	VERB
ftr-384	346	15	similarly	similarly	ADV
ftr-384	346	16	under	under	ADP
ftr-384	346	17	dividend	dividend	NOUN
ftr-384	346	18	exemption	exemption	NOUN
ftr-384	346	19	,	,	PUNCT
ftr-384	346	20	there	there	PRON
ftr-384	346	21	may	may	AUX
ftr-384	346	22	be	be	AUX
ftr-384	346	23	some	some	DET
ftr-384	346	24	reallocation	reallocation	NOUN
ftr-384	346	25	of	of	ADP
ftr-384	346	26	foreign	foreign	ADJ
ftr-384	346	27	direct	direct	ADJ
ftr-384	346	28	investment	investment	NOUN
ftr-384	346	29	to	to	ADP
ftr-384	346	30	low	low	ADJ
ftr-384	346	31	-	-	PUNCT
ftr-384	346	32	tax	tax	NOUN
ftr-384	346	33	jurisdictions	jurisdiction	NOUN
ftr-384	346	34	.	.	PUNCT
ftr-384	346	35	"	"	PUNCT
ftr-384	347	1	'	'	PUNCT
ftr-384	347	2	the	the	DET
ftr-384	347	3	third	third	ADJ
ftr-384	347	4	part	part	NOUN
ftr-384	347	5	of	of	ADP
ftr-384	347	6	altshuler	altshuler	NOUN
ftr-384	347	7	and	and	CCONJ
ftr-384	347	8	grubert	grubert	NOUN
ftr-384	347	9	's	's	PART
ftr-384	347	10	analysis	analysis	NOUN
ftr-384	347	11	raises	raise	VERB
ftr-384	347	12	several	several	ADJ
ftr-384	347	13	questions	question	NOUN
ftr-384	347	14	.	.	PUNCT
ftr-384	348	1	first	first	ADV
ftr-384	348	2	,	,	PUNCT
ftr-384	348	3	as	as	SCONJ
ftr-384	348	4	altshuler	altshuler	NOUN
ftr-384	348	5	and	and	CCONJ
ftr-384	348	6	grubert	grubert	NOUN
ftr-384	348	7	point	point	VERB
ftr-384	348	8	out	out	ADP
ftr-384	348	9	,	,	PUNCT
ftr-384	348	10	there	there	PRON
ftr-384	348	11	is	be	VERB
ftr-384	348	12	the	the	DET
ftr-384	348	13	question	question	NOUN
ftr-384	348	14	of	of	ADP
ftr-384	348	15	how	how	SCONJ
ftr-384	348	16	firms	firm	NOUN
ftr-384	348	17	without	without	ADP
ftr-384	348	18	foreign	foreign	ADJ
ftr-384	348	19	tax	tax	NOUN
ftr-384	348	20	credit	credit	NOUN
ftr-384	348	21	carryovers	carryover	NOUN
ftr-384	348	22	would	would	AUX
ftr-384	348	23	behave	behave	VERB
ftr-384	348	24	under	under	ADP
ftr-384	348	25	an	an	DET
ftr-384	348	26	exemption	exemption	NOUN
ftr-384	348	27	system	system	NOUN
ftr-384	348	28	.	.	PUNCT
ftr-384	349	1	importantly	importantly	ADV
ftr-384	349	2	,	,	PUNCT
ftr-384	349	3	firms	firm	NOUN
ftr-384	349	4	that	that	PRON
ftr-384	349	5	do	do	AUX
ftr-384	349	6	not	not	PART
ftr-384	349	7	have	have	VERB
ftr-384	349	8	excess	excess	ADJ
ftr-384	349	9	credits	credit	NOUN
ftr-384	349	10	include	include	VERB
ftr-384	349	11	many	many	ADJ
ftr-384	349	12	domestic	domestic	ADJ
ftr-384	349	13	businesses	business	NOUN
ftr-384	349	14	that	that	PRON
ftr-384	349	15	have	have	AUX
ftr-384	349	16	not	not	PART
ftr-384	349	17	yet	yet	ADV
ftr-384	349	18	made	make	VERB
ftr-384	349	19	significant	significant	ADJ
ftr-384	349	20	foreign	foreign	ADJ
ftr-384	349	21	investment	investment	NOUN
ftr-384	349	22	.	.	PUNCT
ftr-384	350	1	as	as	SCONJ
ftr-384	350	2	discussed	discuss	VERB
ftr-384	350	3	earlier	early	ADV
ftr-384	350	4	,	,	PUNCT
ftr-384	350	5	'	'	PUNCT
ftr-384	350	6	both	both	CCONJ
ftr-384	350	7	the	the	DET
ftr-384	350	8	new	new	ADJ
ftr-384	350	9	view	view	NOUN
ftr-384	350	10	and	and	CCONJ
ftr-384	350	11	traditional	traditional	ADJ
ftr-384	350	12	view	view	NOUN
ftr-384	350	13	posit	posit	VERB
ftr-384	350	14	that	that	SCONJ
ftr-384	350	15	taxes	taxis	NOUN
ftr-384	350	16	on	on	ADP
ftr-384	350	17	dividends	dividend	NOUN
ftr-384	350	18	affect	affect	VERB
ftr-384	350	19	decisions	decision	NOUN
ftr-384	350	20	to	to	PART
ftr-384	350	21	transfer	transfer	VERB
ftr-384	350	22	new	new	ADJ
ftr-384	350	23	capital	capital	NOUN
ftr-384	350	24	to	to	ADP
ftr-384	350	25	a	a	DET
ftr-384	350	26	foreign	foreign	ADJ
ftr-384	350	27	subsidiary	subsidiary	NOUN
ftr-384	350	28	.	.	PUNCT
ftr-384	351	1	thus	thus	ADV
ftr-384	351	2	,	,	PUNCT
ftr-384	351	3	it	it	PRON
ftr-384	351	4	is	be	AUX
ftr-384	351	5	possible	possible	ADJ
ftr-384	351	6	that	that	SCONJ
ftr-384	351	7	firms	firm	NOUN
ftr-384	351	8	have	have	AUX
ftr-384	351	9	been	be	AUX
ftr-384	351	10	discouraged	discourage	VERB
ftr-384	351	11	from	from	ADP
ftr-384	351	12	making	make	VERB
ftr-384	351	13	foreign	foreign	ADJ
ftr-384	351	14	investment	investment	NOUN
ftr-384	351	15	in	in	ADP
ftr-384	351	16	the	the	DET
ftr-384	351	17	form	form	NOUN
ftr-384	351	18	of	of	ADP
ftr-384	351	19	new	new	ADJ
ftr-384	351	20	capital	capital	NOUN
ftr-384	351	21	transfers	transfer	NOUN
ftr-384	351	22	because	because	SCONJ
ftr-384	351	23	of	of	ADP
ftr-384	351	24	the	the	DET
ftr-384	351	25	tax	tax	NOUN
ftr-384	351	26	due	due	ADJ
ftr-384	351	27	on	on	ADP
ftr-384	351	28	repatriation	repatriation	NOUN
ftr-384	351	29	.	.	PUNCT
ftr-384	352	1	elimination	elimination	NOUN
ftr-384	352	2	of	of	ADP
ftr-384	352	3	that	that	DET
ftr-384	352	4	tax	tax	NOUN
ftr-384	352	5	could	could	AUX
ftr-384	352	6	induce	induce	VERB
ftr-384	352	7	firms	firm	NOUN
ftr-384	352	8	to	to	PART
ftr-384	352	9	increase	increase	VERB
ftr-384	352	10	significantly	significantly	ADV
ftr-384	352	11	their	their	PRON
ftr-384	352	12	foreign	foreign	ADJ
ftr-384	352	13	investment	investment	NOUN
ftr-384	352	14	in	in	ADP
ftr-384	352	15	low	low	ADJ
ftr-384	352	16	-	-	PUNCT
ftr-384	352	17	tax	tax	NOUN
ftr-384	352	18	jurisdictions	jurisdiction	NOUN
ftr-384	352	19	in	in	ADP
ftr-384	352	20	the	the	DET
ftr-384	352	21	form	form	NOUN
ftr-384	352	22	of	of	ADP
ftr-384	352	23	capital	capital	NOUN
ftr-384	352	24	contributions	contribution	NOUN
ftr-384	352	25	or	or	CCONJ
ftr-384	352	26	acquisitions	acquisition	NOUN
ftr-384	352	27	.	.	PUNCT
ftr-384	353	1	for	for	ADP
ftr-384	353	2	example	example	NOUN
ftr-384	353	3	,	,	PUNCT
ftr-384	353	4	the	the	DET
ftr-384	353	5	task	task	NOUN
ftr-384	353	6	force	force	NOUN
ftr-384	353	7	on	on	ADP
ftr-384	353	8	international	international	ADJ
ftr-384	353	9	tax	tax	NOUN
ftr-384	353	10	reform	reform	NOUN
ftr-384	353	11	has	have	VERB
ftr-384	353	12	62	62	NUM
ftr-384	353	13	.	.	PUNCT
ftr-384	354	1	altshuler	altshuler	PROPN
ftr-384	354	2	&	&	CCONJ
ftr-384	354	3	grubert	grubert	PROPN
ftr-384	354	4	,	,	PUNCT
ftr-384	354	5	supra	supra	PROPN
ftr-384	354	6	note	note	NOUN
ftr-384	354	7	5	5	NUM
ftr-384	354	8	,	,	PUNCT
ftr-384	354	9	at	at	ADP
ftr-384	354	10	803	803	NUM
ftr-384	354	11	.	.	PUNCT
ftr-384	355	1	63	63	NUM
ftr-384	355	2	.	.	PUNCT
ftr-384	356	1	i	i	PRON
ftr-384	356	2	d.	d.	PROPN
ftr-384	356	3	at	at	ADP
ftr-384	356	4	804	804	NUM
ftr-384	356	5	.	.	PUNCT
ftr-384	357	1	64	64	NUM
ftr-384	357	2	.	.	PUNCT
ftr-384	358	1	altshuler	altshuler	PROPN
ftr-384	358	2	&	&	CCONJ
ftr-384	358	3	grubert	grubert	PROPN
ftr-384	358	4	,	,	PUNCT
ftr-384	358	5	supra	supra	PROPN
ftr-384	358	6	note	note	NOUN
ftr-384	358	7	5	5	NUM
ftr-384	358	8	,	,	PUNCT
ftr-384	358	9	at	at	ADP
ftr-384	358	10	807	807	NUM
ftr-384	358	11	.	.	PUNCT
ftr-384	358	12	65	65	NUM
ftr-384	358	13	.	.	PUNCT
ftr-384	359	1	i	i	PRON
ftr-384	359	2	d.	d.	PROPN
ftr-384	359	3	66	66	NUM
ftr-384	359	4	.	.	PUNCT
ftr-384	360	1	see	see	VERB
ftr-384	360	2	supra	supra	ADJ
ftr-384	360	3	text	text	NOUN
ftr-384	360	4	accompanying	accompanying	ADJ
ftr-384	360	5	notes	note	NOUN
ftr-384	360	6	23	23	NUM
ftr-384	360	7	-	-	SYM
ftr-384	360	8	26	26	NUM
ftr-384	360	9	.	.	PUNCT
ftr-384	361	1	[	[	X
ftr-384	361	2	vol	vol	NOUN
ftr-384	361	3	8:3	8:3	NUM
ftr-384	361	4	will	will	AUX
ftr-384	361	5	us	we	PRON
ftr-384	361	6	.	.	PUNCT
ftr-384	362	1	investment	investment	NOUN
ftr-384	362	2	go	go	VERB
ftr-384	362	3	abroad	abroad	ADV
ftr-384	362	4	in	in	ADP
ftr-384	362	5	a	a	DET
ftr-384	362	6	territorial	territorial	ADJ
ftr-384	362	7	tax	tax	NOUN
ftr-384	362	8	suggested	suggest	VERB
ftr-384	362	9	that	that	SCONJ
ftr-384	362	10	a	a	DET
ftr-384	362	11	territorial	territorial	ADJ
ftr-384	362	12	tax	tax	NOUN
ftr-384	362	13	would	would	AUX
ftr-384	362	14	encourage	encourage	VERB
ftr-384	362	15	a	a	DET
ftr-384	362	16	u.s	u.s	PROPN
ftr-384	362	17	.	.	PROPN
ftr-384	362	18	firm	firm	NOUN
ftr-384	362	19	that	that	PRON
ftr-384	362	20	manufactures	manufacture	VERB
ftr-384	362	21	and	and	CCONJ
ftr-384	362	22	sells	sell	VERB
ftr-384	362	23	all	all	DET
ftr-384	362	24	its	its	PRON
ftr-384	362	25	products	product	NOUN
ftr-384	362	26	in	in	ADP
ftr-384	362	27	the	the	DET
ftr-384	362	28	u.s	u.s	PROPN
ftr-384	362	29	.	.	PROPN
ftr-384	362	30	to	to	PART
ftr-384	362	31	relocate	relocate	VERB
ftr-384	362	32	its	its	PRON
ftr-384	362	33	manufacturing	manufacturing	NOUN
ftr-384	362	34	plant	plant	NOUN
ftr-384	362	35	to	to	ADP
ftr-384	362	36	ireland	ireland	VERB
ftr-384	362	37	and	and	CCONJ
ftr-384	362	38	sell	sell	VERB
ftr-384	362	39	its	its	PRON
ftr-384	362	40	product	product	NOUN
ftr-384	362	41	back	back	ADV
ftr-384	362	42	to	to	ADP
ftr-384	362	43	the	the	DET
ftr-384	362	44	u.s	u.s	PROPN
ftr-384	362	45	.	.	PROPN
ftr-384	362	46	so	so	SCONJ
ftr-384	362	47	that	that	SCONJ
ftr-384	362	48	it	it	PRON
ftr-384	362	49	could	could	AUX
ftr-384	362	50	benefit	benefit	VERB
ftr-384	362	51	from	from	ADP
ftr-384	362	52	the	the	DET
ftr-384	362	53	low	low	ADJ
ftr-384	362	54	irish	irish	ADJ
ftr-384	362	55	corporate	corporate	ADJ
ftr-384	362	56	tax	tax	NOUN
ftr-384	362	57	and	and	CCONJ
ftr-384	362	58	repatriate	repatriate	VERB
ftr-384	362	59	its	its	PRON
ftr-384	362	60	earnings	earning	NOUN
ftr-384	362	61	free	free	ADJ
ftr-384	362	62	of	of	ADP
ftr-384	362	63	u.s	u.s	PROPN
ftr-384	362	64	.	.	PROPN
ftr-384	362	65	tax.67	tax.67	PROPN
ftr-384	362	66	the	the	DET
ftr-384	362	67	second	second	ADJ
ftr-384	362	68	problem	problem	NOUN
ftr-384	362	69	with	with	ADP
ftr-384	362	70	the	the	DET
ftr-384	362	71	regression	regression	NOUN
ftr-384	362	72	results	result	NOUN
ftr-384	362	73	is	be	AUX
ftr-384	362	74	that	that	SCONJ
ftr-384	362	75	the	the	DET
ftr-384	362	76	regression	regression	NOUN
ftr-384	362	77	model	model	NOUN
ftr-384	362	78	altshuler	altshuler	NOUN
ftr-384	362	79	and	and	CCONJ
ftr-384	362	80	grubert	grubert	NOUN
ftr-384	362	81	use	use	NOUN
ftr-384	362	82	does	do	AUX
ftr-384	362	83	not	not	PART
ftr-384	362	84	take	take	VERB
ftr-384	362	85	into	into	ADP
ftr-384	362	86	account	account	NOUN
ftr-384	362	87	the	the	DET
ftr-384	362	88	magnitude	magnitude	NOUN
ftr-384	362	89	of	of	ADP
ftr-384	362	90	investment	investment	NOUN
ftr-384	362	91	in	in	ADP
ftr-384	362	92	each	each	DET
ftr-384	362	93	country	country	NOUN
ftr-384	362	94	.	.	PUNCT
ftr-384	363	1	as	as	ADP
ftr-384	363	2	a	a	DET
ftr-384	363	3	result	result	NOUN
ftr-384	363	4	,	,	PUNCT
ftr-384	363	5	the	the	DET
ftr-384	363	6	regression	regression	NOUN
ftr-384	363	7	results	result	NOUN
ftr-384	363	8	really	really	ADV
ftr-384	363	9	provide	provide	VERB
ftr-384	363	10	no	no	DET
ftr-384	363	11	help	help	NOUN
ftr-384	363	12	in	in	ADP
ftr-384	363	13	predicting	predict	VERB
ftr-384	363	14	how	how	SCONJ
ftr-384	363	15	multinationals	multinational	NOUN
ftr-384	363	16	will	will	AUX
ftr-384	363	17	respond	respond	VERB
ftr-384	363	18	to	to	ADP
ftr-384	363	19	an	an	DET
ftr-384	363	20	exemption	exemption	NOUN
ftr-384	363	21	system	system	NOUN
ftr-384	363	22	.	.	PUNCT
ftr-384	364	1	the	the	DET
ftr-384	364	2	dependent	dependent	ADJ
ftr-384	364	3	variable	variable	NOUN
ftr-384	364	4	that	that	PRON
ftr-384	364	5	altshuler	altshuler	NOUN
ftr-384	364	6	and	and	CCONJ
ftr-384	364	7	grubert	grubert	NOUN
ftr-384	364	8	employed	employ	VERB
ftr-384	364	9	(	(	PUNCT
ftr-384	364	10	a	a	DET
ftr-384	364	11	value	value	NOUN
ftr-384	364	12	of	of	ADP
ftr-384	364	13	one	one	NUM
ftr-384	364	14	if	if	SCONJ
ftr-384	364	15	the	the	DET
ftr-384	364	16	multinational	multinational	NOUN
ftr-384	364	17	had	have	VERB
ftr-384	364	18	at	at	ADV
ftr-384	364	19	least	least	ADV
ftr-384	364	20	one	one	NUM
ftr-384	364	21	subsidiary	subsidiary	NOUN
ftr-384	364	22	in	in	ADP
ftr-384	364	23	a	a	DET
ftr-384	364	24	country	country	NOUN
ftr-384	364	25	and	and	CCONJ
ftr-384	364	26	zero	zero	NUM
ftr-384	364	27	if	if	SCONJ
ftr-384	364	28	not	not	PART
ftr-384	364	29	)	)	PUNCT
ftr-384	364	30	does	do	AUX
ftr-384	364	31	not	not	PART
ftr-384	364	32	reflect	reflect	VERB
ftr-384	364	33	the	the	DET
ftr-384	364	34	amount	amount	NOUN
ftr-384	364	35	of	of	ADP
ftr-384	364	36	investment	investment	NOUN
ftr-384	364	37	the	the	DET
ftr-384	364	38	multinational	multinational	NOUN
ftr-384	364	39	made	make	VERB
ftr-384	364	40	in	in	ADP
ftr-384	364	41	each	each	DET
ftr-384	364	42	country	country	NOUN
ftr-384	364	43	but	but	CCONJ
ftr-384	364	44	only	only	ADV
ftr-384	364	45	reflects	reflect	VERB
ftr-384	364	46	that	that	SCONJ
ftr-384	364	47	the	the	DET
ftr-384	364	48	multinational	multinational	NOUN
ftr-384	364	49	had	have	VERB
ftr-384	364	50	a	a	DET
ftr-384	364	51	subsidiary	subsidiary	NOUN
ftr-384	364	52	there	there	ADV
ftr-384	364	53	.	.	PUNCT
ftr-384	365	1	testing	test	VERB
ftr-384	365	2	to	to	PART
ftr-384	365	3	see	see	VERB
ftr-384	365	4	whether	whether	SCONJ
ftr-384	365	5	it	it	PRON
ftr-384	365	6	is	be	AUX
ftr-384	365	7	more	more	ADV
ftr-384	365	8	probable	probable	ADJ
ftr-384	365	9	that	that	SCONJ
ftr-384	365	10	a	a	DET
ftr-384	365	11	multinational	multinational	NOUN
ftr-384	365	12	not	not	PART
ftr-384	365	13	expecting	expect	VERB
ftr-384	365	14	to	to	PART
ftr-384	365	15	pay	pay	VERB
ftr-384	365	16	u.s	u.s	PROPN
ftr-384	365	17	.	.	PROPN
ftr-384	365	18	tax	tax	NOUN
ftr-384	365	19	will	will	AUX
ftr-384	365	20	locate	locate	VERB
ftr-384	365	21	a	a	DET
ftr-384	365	22	subsidiary	subsidiary	NOUN
ftr-384	365	23	in	in	ADP
ftr-384	365	24	a	a	DET
ftr-384	365	25	low	low	ADJ
ftr-384	365	26	-	-	PUNCT
ftr-384	365	27	tax	tax	NOUN
ftr-384	365	28	jurisdiction	jurisdiction	NOUN
ftr-384	365	29	than	than	ADP
ftr-384	365	30	in	in	ADP
ftr-384	365	31	a	a	DET
ftr-384	365	32	high	high	ADJ
ftr-384	365	33	-	-	PUNCT
ftr-384	365	34	tax	tax	NOUN
ftr-384	365	35	jurisdiction	jurisdiction	NOUN
ftr-384	365	36	tells	tell	VERB
ftr-384	365	37	us	we	PRON
ftr-384	365	38	nothing	nothing	PRON
ftr-384	365	39	about	about	ADP
ftr-384	365	40	the	the	DET
ftr-384	365	41	relative	relative	ADJ
ftr-384	365	42	amounts	amount	NOUN
ftr-384	365	43	of	of	ADP
ftr-384	365	44	investment	investment	NOUN
ftr-384	365	45	in	in	ADP
ftr-384	365	46	the	the	DET
ftr-384	365	47	various	various	ADJ
ftr-384	365	48	countries	country	NOUN
ftr-384	365	49	since	since	SCONJ
ftr-384	365	50	the	the	DET
ftr-384	365	51	subsidiary	subsidiary	NOUN
ftr-384	365	52	might	might	AUX
ftr-384	365	53	represent	represent	VERB
ftr-384	365	54	an	an	DET
ftr-384	365	55	investment	investment	NOUN
ftr-384	365	56	of	of	ADP
ftr-384	365	57	one	one	NUM
ftr-384	365	58	billion	billion	NUM
ftr-384	365	59	dollars	dollar	NOUN
ftr-384	365	60	or	or	CCONJ
ftr-384	365	61	one	one	NUM
ftr-384	365	62	thousand	thousand	NUM
ftr-384	365	63	dollars	dollar	NOUN
ftr-384	365	64	.	.	PUNCT
ftr-384	366	1	moreover	moreover	ADV
ftr-384	366	2	,	,	PUNCT
ftr-384	366	3	even	even	ADV
ftr-384	366	4	if	if	SCONJ
ftr-384	366	5	all	all	DET
ftr-384	366	6	subsidiaries	subsidiary	NOUN
ftr-384	366	7	were	be	AUX
ftr-384	366	8	the	the	DET
ftr-384	366	9	same	same	ADJ
ftr-384	366	10	size	size	NOUN
ftr-384	366	11	,	,	PUNCT
ftr-384	366	12	the	the	DET
ftr-384	366	13	test	test	NOUN
ftr-384	366	14	would	would	AUX
ftr-384	366	15	still	still	ADV
ftr-384	366	16	not	not	PART
ftr-384	366	17	be	be	AUX
ftr-384	366	18	helpful	helpful	ADJ
ftr-384	366	19	because	because	SCONJ
ftr-384	366	20	the	the	DET
ftr-384	366	21	dependent	dependent	ADJ
ftr-384	366	22	variable	variable	NOUN
ftr-384	366	23	is	be	AUX
ftr-384	366	24	assigned	assign	VERB
ftr-384	366	25	a	a	DET
ftr-384	366	26	value	value	NOUN
ftr-384	366	27	of	of	ADP
ftr-384	366	28	one	one	NUM
ftr-384	366	29	regardless	regardless	ADV
ftr-384	366	30	of	of	ADP
ftr-384	366	31	the	the	DET
ftr-384	366	32	number	number	NOUN
ftr-384	366	33	of	of	ADP
ftr-384	366	34	subsidiaries	subsidiary	NOUN
ftr-384	366	35	in	in	ADP
ftr-384	366	36	that	that	DET
ftr-384	366	37	country	country	NOUN
ftr-384	366	38	.	.	PUNCT
ftr-384	367	1	for	for	ADP
ftr-384	367	2	example	example	NOUN
ftr-384	367	3	,	,	PUNCT
ftr-384	367	4	a	a	DET
ftr-384	367	5	u.s	u.s	PROPN
ftr-384	367	6	.	.	PROPN
ftr-384	367	7	multinational	multinational	NOUN
ftr-384	367	8	might	might	AUX
ftr-384	367	9	have	have	VERB
ftr-384	367	10	one	one	NUM
ftr-384	367	11	subsidiary	subsidiary	NOUN
ftr-384	367	12	in	in	ADP
ftr-384	367	13	country	country	PROPN
ftr-384	367	14	a	a	PRON
ftr-384	367	15	,	,	PUNCT
ftr-384	367	16	100	100	NUM
ftr-384	367	17	subsidiaries	subsidiary	NOUN
ftr-384	367	18	in	in	ADP
ftr-384	367	19	country	country	PROPN
ftr-384	367	20	b	b	PROPN
ftr-384	367	21	and	and	CCONJ
ftr-384	367	22	no	no	DET
ftr-384	367	23	subsidiary	subsidiary	NOUN
ftr-384	367	24	in	in	ADP
ftr-384	367	25	country	country	NOUN
ftr-384	367	26	c	c	NOUN
ftr-384	367	27	,	,	PUNCT
ftr-384	367	28	and	and	CCONJ
ftr-384	367	29	the	the	DET
ftr-384	367	30	dependent	dependent	ADJ
ftr-384	367	31	variable	variable	NOUN
ftr-384	367	32	would	would	AUX
ftr-384	367	33	be	be	AUX
ftr-384	367	34	one	one	NUM
ftr-384	367	35	for	for	ADP
ftr-384	367	36	country	country	NOUN
ftr-384	367	37	a	a	PRON
ftr-384	367	38	and	and	CCONJ
ftr-384	367	39	also	also	ADV
ftr-384	367	40	one	one	NUM
ftr-384	367	41	for	for	ADP
ftr-384	367	42	country	country	NOUN
ftr-384	367	43	b	b	PROPN
ftr-384	367	44	and	and	CCONJ
ftr-384	367	45	zero	zero	NUM
ftr-384	367	46	for	for	ADP
ftr-384	367	47	country	country	NOUN
ftr-384	367	48	c.	c.	NOUN
ftr-384	367	49	the	the	DET
ftr-384	367	50	small	small	ADJ
ftr-384	367	51	response	response	NOUN
ftr-384	367	52	that	that	SCONJ
ftr-384	367	53	altshuler	altshuler	NOUN
ftr-384	367	54	and	and	CCONJ
ftr-384	367	55	grubert	grubert	NOUN
ftr-384	367	56	found	find	VERB
ftr-384	367	57	for	for	ADP
ftr-384	367	58	the	the	DET
ftr-384	367	59	probability	probability	NOUN
ftr-384	367	60	that	that	SCONJ
ftr-384	367	61	multinational	multinational	ADJ
ftr-384	367	62	firms	firm	NOUN
ftr-384	367	63	with	with	ADP
ftr-384	367	64	excess	excess	ADJ
ftr-384	367	65	credit	credit	NOUN
ftr-384	367	66	will	will	AUX
ftr-384	367	67	invest	invest	VERB
ftr-384	367	68	in	in	ADP
ftr-384	367	69	low	low	ADJ
ftr-384	367	70	-	-	PUNCT
ftr-384	367	71	tax	tax	NOUN
ftr-384	367	72	jurisdictions	jurisdiction	NOUN
ftr-384	367	73	is	be	AUX
ftr-384	367	74	irrelevant	irrelevant	ADJ
ftr-384	367	75	since	since	SCONJ
ftr-384	367	76	the	the	DET
ftr-384	367	77	magnitude	magnitude	NOUN
ftr-384	367	78	of	of	ADP
ftr-384	367	79	investment	investment	NOUN
ftr-384	367	80	was	be	AUX
ftr-384	367	81	not	not	PART
ftr-384	367	82	considered	consider	VERB
ftr-384	367	83	.	.	PUNCT
ftr-384	368	1	even	even	ADV
ftr-384	368	2	if	if	SCONJ
ftr-384	368	3	the	the	DET
ftr-384	368	4	regression	regression	NOUN
ftr-384	368	5	had	have	AUX
ftr-384	368	6	used	use	VERB
ftr-384	368	7	the	the	DET
ftr-384	368	8	amount	amount	NOUN
ftr-384	368	9	of	of	ADP
ftr-384	368	10	investment	investment	NOUN
ftr-384	368	11	as	as	ADP
ftr-384	368	12	a	a	DET
ftr-384	368	13	dependent	dependent	ADJ
ftr-384	368	14	variable	variable	NOUN
ftr-384	368	15	,	,	PUNCT
ftr-384	368	16	the	the	DET
ftr-384	368	17	results	result	NOUN
ftr-384	368	18	still	still	ADV
ftr-384	368	19	might	might	AUX
ftr-384	368	20	be	be	AUX
ftr-384	368	21	suspect	suspect	ADJ
ftr-384	368	22	.	.	PUNCT
ftr-384	369	1	the	the	DET
ftr-384	369	2	data	datum	NOUN
ftr-384	369	3	that	that	PRON
ftr-384	369	4	altshuler	altshuler	NOUN
ftr-384	369	5	and	and	CCONJ
ftr-384	369	6	grubert	grubert	NOUN
ftr-384	369	7	examined	examine	VERB
ftr-384	369	8	showed	show	VERB
ftr-384	369	9	the	the	DET
ftr-384	369	10	tax	tax	NOUN
ftr-384	369	11	posture	posture	NOUN
ftr-384	369	12	of	of	ADP
ftr-384	369	13	u.s	u.s	PROPN
ftr-384	369	14	.	.	PROPN
ftr-384	369	15	multinationals	multinational	NOUN
ftr-384	369	16	in	in	ADP
ftr-384	369	17	1996	1996	NUM
ftr-384	369	18	and	and	CCONJ
ftr-384	369	19	the	the	DET
ftr-384	369	20	location	location	NOUN
ftr-384	369	21	of	of	ADP
ftr-384	369	22	their	their	PRON
ftr-384	369	23	subsidiaries	subsidiary	NOUN
ftr-384	369	24	in	in	ADP
ftr-384	369	25	1996	1996	NUM
ftr-384	369	26	.	.	PUNCT
ftr-384	370	1	presumably	presumably	ADV
ftr-384	370	2	most	most	ADJ
ftr-384	370	3	of	of	ADP
ftr-384	370	4	the	the	DET
ftr-384	370	5	investment	investment	NOUN
ftr-384	370	6	in	in	ADP
ftr-384	370	7	the	the	DET
ftr-384	370	8	subsidiaries	subsidiary	NOUN
ftr-384	370	9	occurred	occur	VERB
ftr-384	370	10	in	in	ADP
ftr-384	370	11	years	year	NOUN
ftr-384	370	12	other	other	ADJ
ftr-384	370	13	than	than	ADP
ftr-384	370	14	1996	1996	NUM
ftr-384	370	15	.	.	PUNCT
ftr-384	371	1	accordingly	accordingly	ADV
ftr-384	371	2	,	,	PUNCT
ftr-384	371	3	the	the	DET
ftr-384	371	4	tax	tax	NOUN
ftr-384	371	5	posture	posture	NOUN
ftr-384	371	6	of	of	ADP
ftr-384	371	7	the	the	DET
ftr-384	371	8	multinationals	multinational	NOUN
ftr-384	371	9	in	in	ADP
ftr-384	371	10	1996	1996	NUM
ftr-384	371	11	is	be	AUX
ftr-384	371	12	not	not	PART
ftr-384	371	13	nearly	nearly	ADV
ftr-384	371	14	as	as	ADV
ftr-384	371	15	helpful	helpful	ADJ
ftr-384	371	16	as	as	ADP
ftr-384	371	17	the	the	DET
ftr-384	371	18	tax	tax	NOUN
ftr-384	371	19	position	position	NOUN
ftr-384	371	20	of	of	ADP
ftr-384	371	21	the	the	DET
ftr-384	371	22	u.s	u.s	PROPN
ftr-384	371	23	.	.	PROPN
ftr-384	371	24	multinationals	multinational	NOUN
ftr-384	371	25	in	in	ADP
ftr-384	371	26	the	the	DET
ftr-384	371	27	years	year	NOUN
ftr-384	371	28	in	in	ADP
ftr-384	371	29	which	which	PRON
ftr-384	371	30	the	the	DET
ftr-384	371	31	investment	investment	NOUN
ftr-384	371	32	occurred	occur	VERB
ftr-384	371	33	.	.	PUNCT
ftr-384	372	1	but	but	CCONJ
ftr-384	372	2	even	even	ADV
ftr-384	372	3	data	datum	NOUN
ftr-384	372	4	about	about	ADP
ftr-384	372	5	the	the	DET
ftr-384	372	6	tax	tax	NOUN
ftr-384	372	7	posture	posture	NOUN
ftr-384	372	8	of	of	ADP
ftr-384	372	9	u.s	u.s	PROPN
ftr-384	372	10	.	.	PROPN
ftr-384	372	11	multinationals	multinational	NOUN
ftr-384	372	12	for	for	ADP
ftr-384	372	13	the	the	DET
ftr-384	372	14	years	year	NOUN
ftr-384	372	15	in	in	ADP
ftr-384	372	16	which	which	PRON
ftr-384	372	17	fdi	fdi	NOUN
ftr-384	372	18	occurred	occur	VERB
ftr-384	372	19	may	may	AUX
ftr-384	372	20	not	not	PART
ftr-384	372	21	be	be	AUX
ftr-384	372	22	helpful	helpful	ADJ
ftr-384	372	23	.	.	PUNCT
ftr-384	373	1	it	it	PRON
ftr-384	373	2	is	be	AUX
ftr-384	373	3	possible	possible	ADJ
ftr-384	373	4	that	that	SCONJ
ftr-384	373	5	a	a	DET
ftr-384	373	6	large	large	ADJ
ftr-384	373	7	portion	portion	NOUN
ftr-384	373	8	of	of	ADP
ftr-384	373	9	investment	investment	NOUN
ftr-384	373	10	by	by	ADP
ftr-384	373	11	multinationals	multinational	NOUN
ftr-384	373	12	in	in	ADP
ftr-384	373	13	their	their	PRON
ftr-384	373	14	foreign	foreign	ADJ
ftr-384	373	15	subsidiaries	subsidiary	NOUN
ftr-384	373	16	occurred	occur	VERB
ftr-384	373	17	in	in	ADP
ftr-384	373	18	the	the	DET
ftr-384	373	19	form	form	NOUN
ftr-384	373	20	of	of	ADP
ftr-384	373	21	retained	retain	VERB
ftr-384	373	22	eamings.68	eamings.68	NOUN
ftr-384	373	23	in	in	ADP
ftr-384	373	24	an	an	DET
ftr-384	373	25	earlier	early	ADJ
ftr-384	373	26	study	study	NOUN
ftr-384	373	27	,	,	PUNCT
ftr-384	373	28	grubert	grubert	NOUN
ftr-384	373	29	and	and	CCONJ
ftr-384	373	30	mutti	mutti	PROPN
ftr-384	373	31	observed	observe	VERB
ftr-384	373	32	that	that	SCONJ
ftr-384	373	33	profitable	profitable	ADJ
ftr-384	373	34	controlled	control	VERB
ftr-384	373	35	foreign	foreign	ADJ
ftr-384	373	36	corporations	corporation	NOUN
ftr-384	373	37	repatriated	repatriate	VERB
ftr-384	373	38	on	on	ADP
ftr-384	373	39	average	average	ADJ
ftr-384	373	40	67	67	NUM
ftr-384	373	41	.	.	PUNCT
ftr-384	374	1	report	report	NOUN
ftr-384	374	2	of	of	ADP
ftr-384	374	3	the	the	DET
ftr-384	374	4	task	task	NOUN
ftr-384	374	5	force	force	NOUN
ftr-384	374	6	on	on	ADP
ftr-384	374	7	international	international	ADJ
ftr-384	374	8	tax	tax	NOUN
ftr-384	374	9	reform	reform	NOUN
ftr-384	374	10	,	,	PUNCT
ftr-384	374	11	59	59	NUM
ftr-384	374	12	tax	tax	NOUN
ftr-384	374	13	law	law	NOUN
ftr-384	374	14	.	.	PUNCT
ftr-384	375	1	649	649	NUM
ftr-384	375	2	,	,	PUNCT
ftr-384	375	3	723	723	NUM
ftr-384	375	4	(	(	PUNCT
ftr-384	375	5	2006	2006	NUM
ftr-384	375	6	)	)	PUNCT
ftr-384	375	7	.	.	PUNCT
ftr-384	376	1	68	68	NUM
ftr-384	376	2	.	.	PUNCT
ftr-384	377	1	hartman	hartman	PROPN
ftr-384	377	2	,	,	PUNCT
ftr-384	377	3	supra	supra	PROPN
ftr-384	377	4	note	note	PROPN
ftr-384	377	5	15	15	NUM
ftr-384	377	6	,	,	PUNCT
ftr-384	377	7	at	at	ADP
ftr-384	377	8	115	115	NUM
ftr-384	377	9	(	(	PUNCT
ftr-384	377	10	noting	note	VERB
ftr-384	377	11	that	that	SCONJ
ftr-384	377	12	in	in	ADP
ftr-384	377	13	1984	1984	NUM
ftr-384	377	14	earnings	earning	NOUN
ftr-384	377	15	retained	retain	VERB
ftr-384	377	16	by	by	ADP
ftr-384	377	17	foreign	foreign	ADJ
ftr-384	377	18	subsidiaries	subsidiary	NOUN
ftr-384	377	19	accounted	account	VERB
ftr-384	377	20	for	for	ADP
ftr-384	377	21	approximately	approximately	ADV
ftr-384	377	22	three	three	NUM
ftr-384	377	23	quarters	quarter	NOUN
ftr-384	377	24	of	of	ADP
ftr-384	377	25	direct	direct	ADJ
ftr-384	377	26	foreign	foreign	ADJ
ftr-384	377	27	investment	investment	NOUN
ftr-384	377	28	)	)	PUNCT
ftr-384	377	29	.	.	PUNCT
ftr-384	378	1	20071	20071	NUM
ftr-384	378	2	florida	florida	PROPN
ftr-384	378	3	tax	tax	NOUN
ftr-384	378	4	review	review	NOUN
ftr-384	378	5	only	only	ADV
ftr-384	378	6	6.1	6.1	NUM
ftr-384	378	7	%	%	NOUN
ftr-384	378	8	of	of	ADP
ftr-384	378	9	their	their	PRON
ftr-384	378	10	after	after	ADP
ftr-384	378	11	-	-	PUNCT
ftr-384	378	12	tax	tax	NOUN
ftr-384	378	13	earnings	earning	NOUN
ftr-384	378	14	in	in	ADP
ftr-384	378	15	low	low	ADJ
ftr-384	378	16	-	-	PUNCT
ftr-384	378	17	tax	tax	NOUN
ftr-384	378	18	countries	country	NOUN
ftr-384	378	19	in	in	ADP
ftr-384	378	20	1992.69	1992.69	NUM
ftr-384	378	21	under	under	ADP
ftr-384	378	22	the	the	DET
ftr-384	378	23	new	new	ADJ
ftr-384	378	24	view	view	NOUN
ftr-384	378	25	of	of	ADP
ftr-384	378	26	dividends	dividend	NOUN
ftr-384	378	27	,	,	PUNCT
ftr-384	378	28	the	the	DET
ftr-384	378	29	tax	tax	NOUN
ftr-384	378	30	on	on	ADP
ftr-384	378	31	dividends	dividend	NOUN
ftr-384	378	32	to	to	ADP
ftr-384	378	33	the	the	DET
ftr-384	378	34	parent	parent	NOUN
ftr-384	378	35	is	be	AUX
ftr-384	378	36	irrelevant	irrelevant	ADJ
ftr-384	378	37	to	to	ADP
ftr-384	378	38	the	the	DET
ftr-384	378	39	decision	decision	NOUN
ftr-384	378	40	whether	whether	SCONJ
ftr-384	378	41	the	the	DET
ftr-384	378	42	subsidiary	subsidiary	NOUN
ftr-384	378	43	's	's	PART
ftr-384	378	44	earnings	earning	NOUN
ftr-384	378	45	should	should	AUX
ftr-384	378	46	be	be	AUX
ftr-384	378	47	retained	retain	VERB
ftr-384	378	48	because	because	SCONJ
ftr-384	378	49	the	the	DET
ftr-384	378	50	tax	tax	NOUN
ftr-384	378	51	will	will	AUX
ftr-384	378	52	be	be	AUX
ftr-384	378	53	incurred	incur	VERB
ftr-384	378	54	regardless	regardless	ADV
ftr-384	378	55	of	of	ADP
ftr-384	378	56	when	when	SCONJ
ftr-384	378	57	the	the	DET
ftr-384	378	58	earnings	earning	NOUN
ftr-384	378	59	are	be	AUX
ftr-384	378	60	transferred	transfer	VERB
ftr-384	378	61	to	to	ADP
ftr-384	378	62	the	the	DET
ftr-384	378	63	parent.70	parent.70	NOUN
ftr-384	378	64	the	the	DET
ftr-384	378	65	only	only	ADJ
ftr-384	378	66	relevant	relevant	ADJ
ftr-384	378	67	consideration	consideration	NOUN
ftr-384	378	68	for	for	ADP
ftr-384	378	69	retention	retention	NOUN
ftr-384	378	70	of	of	ADP
ftr-384	378	71	earnings	earning	NOUN
ftr-384	378	72	by	by	ADP
ftr-384	378	73	a	a	DET
ftr-384	378	74	mature	mature	ADJ
ftr-384	378	75	subsidiary	subsidiary	NOUN
ftr-384	378	76	is	be	AUX
ftr-384	378	77	whether	whether	SCONJ
ftr-384	378	78	the	the	DET
ftr-384	378	79	after	after	ADP
ftr-384	378	80	-	-	PUNCT
ftr-384	378	81	tax	tax	NOUN
ftr-384	378	82	return	return	NOUN
ftr-384	378	83	on	on	ADP
ftr-384	378	84	investment	investment	NOUN
ftr-384	378	85	of	of	ADP
ftr-384	378	86	the	the	DET
ftr-384	378	87	retained	retain	VERB
ftr-384	378	88	earnings	earning	NOUN
ftr-384	378	89	would	would	AUX
ftr-384	378	90	exceed	exceed	VERB
ftr-384	378	91	the	the	DET
ftr-384	378	92	after	after	ADP
ftr-384	378	93	-	-	PUNCT
ftr-384	378	94	tax	tax	NOUN
ftr-384	378	95	return	return	NOUN
ftr-384	378	96	that	that	PRON
ftr-384	378	97	could	could	AUX
ftr-384	378	98	be	be	AUX
ftr-384	378	99	earned	earn	VERB
ftr-384	378	100	by	by	ADP
ftr-384	378	101	the	the	DET
ftr-384	378	102	parent	parent	NOUN
ftr-384	378	103	in	in	ADP
ftr-384	378	104	the	the	DET
ftr-384	378	105	event	event	NOUN
ftr-384	378	106	the	the	DET
ftr-384	378	107	earnings	earning	NOUN
ftr-384	378	108	were	be	AUX
ftr-384	378	109	repatriated	repatriate	VERB
ftr-384	378	110	.	.	PUNCT
ftr-384	379	1	7	7	X
ftr-384	379	2	'	'	PUNCT
ftr-384	379	3	thus	thus	ADV
ftr-384	379	4	,	,	PUNCT
ftr-384	379	5	the	the	DET
ftr-384	379	6	tax	tax	NOUN
ftr-384	379	7	posture	posture	NOUN
ftr-384	379	8	of	of	ADP
ftr-384	379	9	the	the	DET
ftr-384	379	10	parent	parent	NOUN
ftr-384	379	11	may	may	AUX
ftr-384	379	12	not	not	PART
ftr-384	379	13	have	have	AUX
ftr-384	379	14	played	play	VERB
ftr-384	379	15	a	a	DET
ftr-384	379	16	significant	significant	ADJ
ftr-384	379	17	role	role	NOUN
ftr-384	379	18	in	in	ADP
ftr-384	379	19	foreign	foreign	ADJ
ftr-384	379	20	investment	investment	NOUN
ftr-384	379	21	to	to	ADP
ftr-384	379	22	the	the	DET
ftr-384	379	23	extent	extent	NOUN
ftr-384	379	24	it	it	PRON
ftr-384	379	25	was	be	AUX
ftr-384	379	26	funded	fund	VERB
ftr-384	379	27	through	through	ADP
ftr-384	379	28	retained	retain	VERB
ftr-384	379	29	earnings	earning	NOUN
ftr-384	379	30	.	.	PUNCT
ftr-384	380	1	if	if	SCONJ
ftr-384	380	2	the	the	DET
ftr-384	380	3	new	new	ADJ
ftr-384	380	4	theory	theory	NOUN
ftr-384	380	5	is	be	AUX
ftr-384	380	6	an	an	DET
ftr-384	380	7	accurate	accurate	ADJ
ftr-384	380	8	description	description	NOUN
ftr-384	380	9	of	of	ADP
ftr-384	380	10	dividend	dividend	NOUN
ftr-384	380	11	behavior,72	behavior,72	VERB
ftr-384	380	12	only	only	ADV
ftr-384	380	13	new	new	ADJ
ftr-384	380	14	capital	capital	NOUN
ftr-384	380	15	transfers	transfer	NOUN
ftr-384	380	16	would	would	AUX
ftr-384	380	17	have	have	AUX
ftr-384	380	18	been	be	AUX
ftr-384	380	19	affected	affect	VERB
ftr-384	380	20	by	by	ADP
ftr-384	380	21	the	the	DET
ftr-384	380	22	u.s	u.s	PROPN
ftr-384	380	23	.	.	PROPN
ftr-384	380	24	tax	tax	NOUN
ftr-384	380	25	system	system	NOUN
ftr-384	380	26	.	.	PUNCT
ftr-384	381	1	in	in	ADP
ftr-384	381	2	summary	summary	NOUN
ftr-384	381	3	,	,	PUNCT
ftr-384	381	4	the	the	DET
ftr-384	381	5	regression	regression	NOUN
ftr-384	381	6	analysis	analysis	NOUN
ftr-384	381	7	of	of	ADP
ftr-384	381	8	the	the	DET
ftr-384	381	9	1996	1996	NUM
ftr-384	381	10	data	datum	NOUN
ftr-384	381	11	does	do	AUX
ftr-384	381	12	not	not	PART
ftr-384	381	13	provide	provide	VERB
ftr-384	381	14	very	very	ADV
ftr-384	381	15	useful	useful	ADJ
ftr-384	381	16	information	information	NOUN
ftr-384	381	17	about	about	ADP
ftr-384	381	18	the	the	DET
ftr-384	381	19	likely	likely	ADJ
ftr-384	381	20	response	response	NOUN
ftr-384	381	21	of	of	ADP
ftr-384	381	22	u.s	u.s	PROPN
ftr-384	381	23	.	.	PROPN
ftr-384	381	24	firms	firm	NOUN
ftr-384	381	25	to	to	ADP
ftr-384	381	26	a	a	DET
ftr-384	381	27	territorial	territorial	ADJ
ftr-384	381	28	tax	tax	NOUN
ftr-384	381	29	because	because	SCONJ
ftr-384	381	30	the	the	DET
ftr-384	381	31	analysis	analysis	NOUN
ftr-384	381	32	fails	fail	VERB
ftr-384	381	33	to	to	PART
ftr-384	381	34	account	account	VERB
ftr-384	381	35	for	for	ADP
ftr-384	381	36	the	the	DET
ftr-384	381	37	magnitude	magnitude	NOUN
ftr-384	381	38	of	of	ADP
ftr-384	381	39	foreign	foreign	ADJ
ftr-384	381	40	investment	investment	NOUN
ftr-384	381	41	in	in	ADP
ftr-384	381	42	low	low	ADJ
ftr-384	381	43	-	-	PUNCT
ftr-384	381	44	tax	tax	NOUN
ftr-384	381	45	countries	country	NOUN
ftr-384	381	46	.	.	PUNCT
ftr-384	382	1	the	the	DET
ftr-384	382	2	dependent	dependent	ADJ
ftr-384	382	3	variable	variable	NOUN
ftr-384	382	4	used	use	VERB
ftr-384	382	5	by	by	ADP
ftr-384	382	6	altshuler	altshuler	NOUN
ftr-384	382	7	and	and	CCONJ
ftr-384	382	8	grubert	grubert	NOUN
ftr-384	382	9	merely	merely	ADV
ftr-384	382	10	registered	register	VERB
ftr-384	382	11	that	that	SCONJ
ftr-384	382	12	a	a	DET
ftr-384	382	13	u.s	u.s	PROPN
ftr-384	382	14	.	.	PROPN
ftr-384	382	15	firm	firm	PROPN
ftr-384	382	16	had	have	VERB
ftr-384	382	17	at	at	ADV
ftr-384	382	18	least	least	ADV
ftr-384	382	19	one	one	NUM
ftr-384	382	20	subsidiary	subsidiary	NOUN
ftr-384	382	21	in	in	ADP
ftr-384	382	22	each	each	DET
ftr-384	382	23	foreign	foreign	ADJ
ftr-384	382	24	country	country	NOUN
ftr-384	382	25	without	without	ADP
ftr-384	382	26	measuring	measure	VERB
ftr-384	382	27	the	the	DET
ftr-384	382	28	amount	amount	NOUN
ftr-384	382	29	of	of	ADP
ftr-384	382	30	that	that	DET
ftr-384	382	31	investment	investment	NOUN
ftr-384	382	32	.	.	PUNCT
ftr-384	383	1	in	in	ADP
ftr-384	383	2	addition	addition	NOUN
ftr-384	383	3	,	,	PUNCT
ftr-384	383	4	the	the	DET
ftr-384	383	5	analysis	analysis	NOUN
ftr-384	383	6	did	do	AUX
ftr-384	383	7	not	not	PART
ftr-384	383	8	account	account	VERB
ftr-384	383	9	for	for	ADP
ftr-384	383	10	the	the	DET
ftr-384	383	11	response	response	NOUN
ftr-384	383	12	of	of	ADP
ftr-384	383	13	transferring	transfer	VERB
ftr-384	383	14	new	new	ADJ
ftr-384	383	15	capital	capital	NOUN
ftr-384	383	16	overseas	overseas	ADV
ftr-384	383	17	by	by	ADP
ftr-384	383	18	u.s	u.s	PROPN
ftr-384	383	19	.	.	PROPN
ftr-384	383	20	firms	firm	NOUN
ftr-384	383	21	that	that	PRON
ftr-384	383	22	currently	currently	ADV
ftr-384	383	23	do	do	AUX
ftr-384	383	24	not	not	PART
ftr-384	383	25	have	have	VERB
ftr-384	383	26	any	any	DET
ftr-384	383	27	foreign	foreign	ADJ
ftr-384	383	28	investment	investment	NOUN
ftr-384	383	29	.	.	PUNCT
ftr-384	384	1	c.	c.	PROPN
ftr-384	384	2	does	do	VERB
ftr-384	384	3	foreign	foreign	ADJ
ftr-384	384	4	investment	investment	NOUN
ftr-384	384	5	complement	complement	VERB
ftr-384	384	6	u.s	u.s	PROPN
ftr-384	384	7	.	.	PROPN
ftr-384	384	8	investment	investment	NOUN
ftr-384	384	9	?	?	PUNCT
ftr-384	385	1	as	as	SCONJ
ftr-384	385	2	shown	show	VERB
ftr-384	385	3	above	above	ADV
ftr-384	385	4	,	,	PUNCT
ftr-384	385	5	the	the	DET
ftr-384	385	6	efficiency	efficiency	NOUN
ftr-384	385	7	effects	effect	NOUN
ftr-384	385	8	of	of	ADP
ftr-384	385	9	a	a	DET
ftr-384	385	10	territorial	territorial	ADJ
ftr-384	385	11	tax	tax	NOUN
ftr-384	385	12	are	be	AUX
ftr-384	385	13	unclear	unclear	ADJ
ftr-384	385	14	because	because	SCONJ
ftr-384	385	15	of	of	ADP
ftr-384	385	16	the	the	DET
ftr-384	385	17	lack	lack	NOUN
ftr-384	385	18	of	of	ADP
ftr-384	385	19	conclusive	conclusive	ADJ
ftr-384	385	20	evidence	evidence	NOUN
ftr-384	385	21	about	about	ADP
ftr-384	385	22	the	the	DET
ftr-384	385	23	effect	effect	NOUN
ftr-384	385	24	of	of	ADP
ftr-384	385	25	such	such	DET
ftr-384	385	26	a	a	DET
ftr-384	385	27	tax	tax	NOUN
ftr-384	385	28	system	system	NOUN
ftr-384	385	29	on	on	ADP
ftr-384	385	30	foreign	foreign	ADJ
ftr-384	385	31	investment	investment	NOUN
ftr-384	385	32	.	.	PUNCT
ftr-384	386	1	another	another	DET
ftr-384	386	2	uncertainty	uncertainty	NOUN
ftr-384	386	3	in	in	ADP
ftr-384	386	4	the	the	DET
ftr-384	386	5	analysis	analysis	NOUN
ftr-384	386	6	is	be	AUX
ftr-384	386	7	whether	whether	SCONJ
ftr-384	386	8	it	it	PRON
ftr-384	386	9	is	be	AUX
ftr-384	386	10	possible	possible	ADJ
ftr-384	386	11	to	to	PART
ftr-384	386	12	view	view	VERB
ftr-384	386	13	foreign	foreign	ADJ
ftr-384	386	14	investment	investment	NOUN
ftr-384	386	15	as	as	ADP
ftr-384	386	16	complementary	complementary	ADJ
ftr-384	386	17	to	to	ADP
ftr-384	386	18	domestic	domestic	ADJ
ftr-384	386	19	investment	investment	NOUN
ftr-384	386	20	.	.	PUNCT
ftr-384	387	1	that	that	PRON
ftr-384	387	2	is	be	AUX
ftr-384	387	3	,	,	PUNCT
ftr-384	387	4	if	if	SCONJ
ftr-384	387	5	a	a	DET
ftr-384	387	6	territorial	territorial	ADJ
ftr-384	387	7	tax	tax	NOUN
ftr-384	387	8	encourages	encourage	VERB
ftr-384	387	9	fdi	fdi	PROPN
ftr-384	387	10	,	,	PUNCT
ftr-384	387	11	is	be	AUX
ftr-384	387	12	it	it	PRON
ftr-384	387	13	nevertheless	nevertheless	ADV
ftr-384	387	14	possible	possible	ADJ
ftr-384	387	15	that	that	SCONJ
ftr-384	387	16	an	an	DET
ftr-384	387	17	increase	increase	NOUN
ftr-384	387	18	in	in	ADP
ftr-384	387	19	fdi	fdi	NOUN
ftr-384	387	20	will	will	AUX
ftr-384	387	21	increase	increase	VERB
ftr-384	387	22	u.s	u.s	PROPN
ftr-384	387	23	.	.	PROPN
ftr-384	387	24	domestic	domestic	ADJ
ftr-384	387	25	investment	investment	NOUN
ftr-384	387	26	because	because	SCONJ
ftr-384	387	27	it	it	PRON
ftr-384	387	28	expands	expand	VERB
ftr-384	387	29	the	the	DET
ftr-384	387	30	market	market	NOUN
ftr-384	387	31	for	for	ADP
ftr-384	387	32	u.s	u.s	PROPN
ftr-384	387	33	.	.	PROPN
ftr-384	387	34	exports	export	NOUN
ftr-384	387	35	and	and	CCONJ
ftr-384	387	36	,	,	PUNCT
ftr-384	387	37	as	as	ADP
ftr-384	387	38	a	a	DET
ftr-384	387	39	result	result	NOUN
ftr-384	387	40	,	,	PUNCT
ftr-384	387	41	the	the	DET
ftr-384	387	42	need	need	NOUN
ftr-384	387	43	for	for	ADP
ftr-384	387	44	production	production	NOUN
ftr-384	387	45	in	in	ADP
ftr-384	387	46	the	the	DET
ftr-384	387	47	u.s.?73	u.s.?73	NOUN
ftr-384	387	48	if	if	SCONJ
ftr-384	387	49	this	this	PRON
ftr-384	387	50	were	be	AUX
ftr-384	387	51	the	the	DET
ftr-384	387	52	case	case	NOUN
ftr-384	387	53	,	,	PUNCT
ftr-384	387	54	fdi	fdi	NOUN
ftr-384	387	55	would	would	AUX
ftr-384	387	56	not	not	PART
ftr-384	387	57	be	be	AUX
ftr-384	387	58	readily	readily	ADV
ftr-384	387	59	substitutable	substitutable	ADJ
ftr-384	387	60	for	for	ADP
ftr-384	387	61	domestic	domestic	ADJ
ftr-384	387	62	69	69	NUM
ftr-384	387	63	.	.	PUNCT
ftr-384	388	1	harry	harry	PROPN
ftr-384	388	2	grubert	grubert	PROPN
ftr-384	388	3	&	&	CCONJ
ftr-384	388	4	john	john	PROPN
ftr-384	388	5	mutti	mutti	PROPN
ftr-384	388	6	,	,	PUNCT
ftr-384	388	7	supra	supra	PROPN
ftr-384	388	8	note	note	NOUN
ftr-384	388	9	55	55	NUM
ftr-384	388	10	,	,	PUNCT
ftr-384	388	11	at	at	ADP
ftr-384	388	12	30	30	NUM
ftr-384	388	13	.	.	PUNCT
ftr-384	389	1	70	70	NUM
ftr-384	389	2	.	.	X
ftr-384	390	1	hartman	hartman	PROPN
ftr-384	390	2	,	,	PUNCT
ftr-384	390	3	supra	supra	PROPN
ftr-384	390	4	note	note	PROPN
ftr-384	390	5	15	15	NUM
ftr-384	390	6	,	,	PUNCT
ftr-384	390	7	at	at	ADP
ftr-384	390	8	115	115	NUM
ftr-384	390	9	-	-	SYM
ftr-384	390	10	17	17	NUM
ftr-384	390	11	.	.	PUNCT
ftr-384	391	1	71	71	NUM
ftr-384	391	2	.	.	PUNCT
ftr-384	392	1	i	i	PRON
ftr-384	392	2	d.	d.	PROPN
ftr-384	392	3	72	72	NUM
ftr-384	392	4	.	.	PUNCT
ftr-384	393	1	empirical	empirical	ADJ
ftr-384	393	2	evidence	evidence	NOUN
ftr-384	393	3	supporting	support	VERB
ftr-384	393	4	the	the	DET
ftr-384	393	5	applicability	applicability	NOUN
ftr-384	393	6	of	of	ADP
ftr-384	393	7	the	the	DET
ftr-384	393	8	new	new	ADJ
ftr-384	393	9	view	view	NOUN
ftr-384	393	10	to	to	ADP
ftr-384	393	11	foreign	foreign	ADJ
ftr-384	393	12	subsidiaries	subsidiary	NOUN
ftr-384	393	13	is	be	AUX
ftr-384	393	14	mixed	mixed	ADJ
ftr-384	393	15	.	.	PUNCT
ftr-384	394	1	recent	recent	ADJ
ftr-384	394	2	studies	study	NOUN
ftr-384	394	3	suggest	suggest	VERB
ftr-384	394	4	that	that	SCONJ
ftr-384	394	5	divident	divident	ADJ
ftr-384	394	6	taxes	taxis	NOUN
ftr-384	394	7	affect	affect	VERB
ftr-384	394	8	the	the	DET
ftr-384	394	9	dividend	dividend	NOUN
ftr-384	394	10	behavior	behavior	NOUN
ftr-384	394	11	of	of	ADP
ftr-384	394	12	foreign	foreign	ADJ
ftr-384	394	13	subsidiaries	subsidiary	NOUN
ftr-384	394	14	.	.	PUNCT
ftr-384	395	1	see	see	VERB
ftr-384	395	2	supra	supra	PROPN
ftr-384	395	3	note	note	PROPN
ftr-384	395	4	21	21	NUM
ftr-384	395	5	.	.	PUNCT
ftr-384	396	1	73	73	NUM
ftr-384	396	2	.	.	PUNCT
ftr-384	397	1	see	see	VERB
ftr-384	397	2	e.g.	e.g.	ADV
ftr-384	397	3	,	,	PUNCT
ftr-384	397	4	martin	martin	PROPN
ftr-384	397	5	a.	a.	NOUN
ftr-384	397	6	feldstein	feldstein	PROPN
ftr-384	397	7	,	,	PUNCT
ftr-384	397	8	the	the	DET
ftr-384	397	9	effects	effect	NOUN
ftr-384	397	10	of	of	ADP
ftr-384	397	11	outbound	outbound	ADJ
ftr-384	397	12	foreign	foreign	ADJ
ftr-384	397	13	direct	direct	ADJ
ftr-384	397	14	investment	investment	NOUN
ftr-384	397	15	on	on	ADP
ftr-384	397	16	the	the	DET
ftr-384	397	17	domestic	domestic	ADJ
ftr-384	397	18	capital	capital	NOUN
ftr-384	397	19	stock	stock	NOUN
ftr-384	397	20	,	,	PUNCT
ftr-384	397	21	in	in	ADP
ftr-384	397	22	the	the	DET
ftr-384	397	23	effects	effect	NOUN
ftr-384	397	24	of	of	ADP
ftr-384	397	25	taxation	taxation	NOUN
ftr-384	397	26	on	on	ADP
ftr-384	397	27	multinational	multinational	ADJ
ftr-384	397	28	corporations	corporation	NOUN
ftr-384	397	29	43	43	NUM
ftr-384	397	30	,	,	PUNCT
ftr-384	397	31	49	49	NUM
ftr-384	397	32	(	(	PUNCT
ftr-384	397	33	martin	martin	PROPN
ftr-384	397	34	feldstein	feldstein	PROPN
ftr-384	397	35	,	,	PUNCT
ftr-384	397	36	james	james	PROPN
ftr-384	397	37	r.	r.	PROPN
ftr-384	397	38	hines	hines	PROPN
ftr-384	397	39	jr	jr	PROPN
ftr-384	397	40	.	.	PROPN
ftr-384	397	41	,	,	PUNCT
ftr-384	397	42	&	&	CCONJ
ftr-384	397	43	r.	r.	PROPN
ftr-384	397	44	glenn	glenn	PROPN
ftr-384	397	45	hubbard	hubbard	PROPN
ftr-384	397	46	,	,	PUNCT
ftr-384	397	47	eds	eds	PROPN
ftr-384	397	48	.	.	PUNCT
ftr-384	397	49	)	)	PUNCT
ftr-384	398	1	(	(	PUNCT
ftr-384	398	2	1995	1995	NUM
ftr-384	398	3	)	)	PUNCT
ftr-384	398	4	.	.	PUNCT
ftr-384	399	1	[	[	X
ftr-384	399	2	vol	vol	NOUN
ftr-384	399	3	.	.	PUNCT
ftr-384	399	4	8:3	8:3	NUM
ftr-384	399	5	will	will	AUX
ftr-384	399	6	us	we	PRON
ftr-384	399	7	.	.	PUNCT
ftr-384	400	1	investment	investment	NOUN
ftr-384	400	2	go	go	VERB
ftr-384	400	3	abroad	abroad	ADV
ftr-384	400	4	in	in	ADP
ftr-384	400	5	a	a	DET
ftr-384	400	6	territorial	territorial	ADJ
ftr-384	400	7	tax	tax	NOUN
ftr-384	400	8	investment	investment	NOUN
ftr-384	400	9	and	and	CCONJ
ftr-384	400	10	,	,	PUNCT
ftr-384	400	11	as	as	ADP
ftr-384	400	12	a	a	DET
ftr-384	400	13	result	result	NOUN
ftr-384	400	14	,	,	PUNCT
ftr-384	400	15	the	the	DET
ftr-384	400	16	territorial	territorial	ADJ
ftr-384	400	17	tax	tax	NOUN
ftr-384	400	18	would	would	AUX
ftr-384	400	19	not	not	PART
ftr-384	400	20	significantly	significantly	ADV
ftr-384	400	21	increase	increase	VERB
ftr-384	400	22	the	the	DET
ftr-384	400	23	excess	excess	ADJ
ftr-384	400	24	burden	burden	NOUN
ftr-384	400	25	on	on	ADP
ftr-384	400	26	domestic	domestic	ADJ
ftr-384	400	27	investment.74	investment.74	NOUN
ftr-384	400	28	unfortunately	unfortunately	ADV
ftr-384	400	29	,	,	PUNCT
ftr-384	400	30	the	the	DET
ftr-384	400	31	empirical	empirical	ADJ
ftr-384	400	32	results	result	NOUN
ftr-384	400	33	and	and	CCONJ
ftr-384	400	34	the	the	DET
ftr-384	400	35	analysis	analysis	NOUN
ftr-384	400	36	of	of	ADP
ftr-384	400	37	the	the	DET
ftr-384	400	38	empirical	empirical	ADJ
ftr-384	400	39	results	result	NOUN
ftr-384	400	40	are	be	AUX
ftr-384	400	41	mixed	mixed	ADJ
ftr-384	400	42	.	.	PUNCT
ftr-384	401	1	a	a	DET
ftr-384	401	2	report	report	NOUN
ftr-384	401	3	recently	recently	ADV
ftr-384	401	4	prepared	prepare	VERB
ftr-384	401	5	by	by	ADP
ftr-384	401	6	the	the	DET
ftr-384	401	7	staff	staff	NOUN
ftr-384	401	8	of	of	ADP
ftr-384	401	9	the	the	DET
ftr-384	401	10	joint	joint	ADJ
ftr-384	401	11	committee	committee	NOUN
ftr-384	401	12	on	on	ADP
ftr-384	401	13	taxation	taxation	NOUN
ftr-384	401	14	75	75	NUM
ftr-384	401	15	that	that	PRON
ftr-384	401	16	addresses	address	VERB
ftr-384	401	17	whether	whether	SCONJ
ftr-384	401	18	fdi	fdi	NOUN
ftr-384	401	19	is	be	AUX
ftr-384	401	20	a	a	DET
ftr-384	401	21	substitute	substitute	NOUN
ftr-384	401	22	for	for	ADP
ftr-384	401	23	u.s	u.s	PROPN
ftr-384	401	24	.	.	PROPN
ftr-384	401	25	investment	investment	NOUN
ftr-384	401	26	,	,	PUNCT
ftr-384	401	27	observes	observe	VERB
ftr-384	401	28	that	that	SCONJ
ftr-384	401	29	overseas	overseas	ADJ
ftr-384	401	30	production	production	NOUN
ftr-384	401	31	increases	increase	VERB
ftr-384	401	32	u.s	u.s	PROPN
ftr-384	401	33	.	.	PROPN
ftr-384	401	34	production	production	NOUN
ftr-384	401	35	.	.	PUNCT
ftr-384	402	1	the	the	DET
ftr-384	402	2	report	report	NOUN
ftr-384	402	3	stated:76	stated:76	NOUN
ftr-384	402	4	generally	generally	ADV
ftr-384	402	5	,	,	PUNCT
ftr-384	402	6	empirical	empirical	ADJ
ftr-384	402	7	studies	study	NOUN
ftr-384	402	8	find	find	VERB
ftr-384	402	9	either	either	CCONJ
ftr-384	402	10	no	no	DET
ftr-384	402	11	effect	effect	NOUN
ftr-384	402	12	or	or	CCONJ
ftr-384	402	13	a	a	DET
ftr-384	402	14	positive	positive	ADJ
ftr-384	402	15	effect	effect	NOUN
ftr-384	402	16	of	of	ADP
ftr-384	402	17	overseas	overseas	ADJ
ftr-384	402	18	production	production	NOUN
ftr-384	402	19	in	in	ADP
ftr-384	402	20	a	a	DET
ftr-384	402	21	host	host	NOUN
ftr-384	402	22	-	-	PUNCT
ftr-384	402	23	country	country	NOUN
ftr-384	402	24	market	market	NOUN
ftr-384	402	25	on	on	ADP
ftr-384	402	26	home	home	NOUN
ftr-384	402	27	-	-	PUNCT
ftr-384	402	28	country	country	NOUN
ftr-384	402	29	exports	export	NOUN
ftr-384	402	30	to	to	ADP
ftr-384	402	31	that	that	DET
ftr-384	402	32	country	country	NOUN
ftr-384	402	33	.	.	PUNCT
ftr-384	403	1	one	one	NUM
ftr-384	403	2	survey	survey	NOUN
ftr-384	403	3	of	of	ADP
ftr-384	403	4	the	the	DET
ftr-384	403	5	empirical	empirical	ADJ
ftr-384	403	6	literature	literature	NOUN
ftr-384	403	7	reports	report	VERB
ftr-384	403	8	that	that	SCONJ
ftr-384	403	9	,	,	PUNCT
ftr-384	403	10	on	on	ADP
ftr-384	403	11	average	average	ADJ
ftr-384	403	12	,	,	PUNCT
ftr-384	403	13	studies	study	NOUN
ftr-384	403	14	find	find	VERB
ftr-384	403	15	one	one	NUM
ftr-384	403	16	dollar	dollar	NOUN
ftr-384	403	17	of	of	ADP
ftr-384	403	18	overseas	overseas	ADJ
ftr-384	403	19	production	production	NOUN
ftr-384	403	20	by	by	ADP
ftr-384	403	21	u.s	u.s	PROPN
ftr-384	403	22	.	.	PROPN
ftr-384	403	23	affiliates	affiliate	NOUN
ftr-384	403	24	generates	generate	VERB
ftr-384	403	25	$	$	SYM
ftr-384	403	26	0.16	0.16	NUM
ftr-384	403	27	of	of	ADP
ftr-384	403	28	exports	export	NOUN
ftr-384	403	29	from	from	ADP
ftr-384	403	30	the	the	DET
ftr-384	403	31	united	united	PROPN
ftr-384	403	32	states	states	PROPN
ftr-384	403	33	.	.	PUNCT
ftr-384	404	1	the	the	DET
ftr-384	404	2	evidence	evidence	NOUN
ftr-384	404	3	suggests	suggest	VERB
ftr-384	404	4	that	that	SCONJ
ftr-384	404	5	overseas	overseas	ADJ
ftr-384	404	6	production	production	NOUN
ftr-384	404	7	does	do	AUX
ftr-384	404	8	displace	displace	VERB
ftr-384	404	9	certain	certain	ADJ
ftr-384	404	10	types	type	NOUN
ftr-384	404	11	of	of	ADP
ftr-384	404	12	domestic	domestic	ADJ
ftr-384	404	13	production	production	NOUN
ftr-384	404	14	as	as	ADP
ftr-384	404	15	the	the	DET
ftr-384	404	16	parent	parent	NOUN
ftr-384	404	17	firm	firm	ADJ
ftr-384	404	18	shifts	shift	NOUN
ftr-384	404	19	to	to	ADP
ftr-384	404	20	more	more	ADJ
ftr-384	404	21	capital	capital	NOUN
ftr-384	404	22	intensive	intensive	ADJ
ftr-384	404	23	and	and	CCONJ
ftr-384	404	24	skill	skill	VERB
ftr-384	404	25	intensive	intensive	ADJ
ftr-384	404	26	domestic	domestic	ADJ
ftr-384	404	27	production	production	NOUN
ftr-384	404	28	.	.	PUNCT
ftr-384	405	1	note	note	VERB
ftr-384	405	2	that	that	SCONJ
ftr-384	405	3	this	this	DET
ftr-384	405	4	quote	quote	NOUN
ftr-384	405	5	,	,	PUNCT
ftr-384	405	6	however	however	ADV
ftr-384	405	7	,	,	PUNCT
ftr-384	405	8	does	do	AUX
ftr-384	405	9	not	not	PART
ftr-384	405	10	focus	focus	VERB
ftr-384	405	11	on	on	ADP
ftr-384	405	12	the	the	DET
ftr-384	405	13	impact	impact	NOUN
ftr-384	405	14	of	of	ADP
ftr-384	405	15	foreign	foreign	ADJ
ftr-384	405	16	investment	investment	NOUN
ftr-384	405	17	on	on	ADP
ftr-384	405	18	u.s	u.s	PROPN
ftr-384	405	19	.	.	PROPN
ftr-384	405	20	investment	investment	NOUN
ftr-384	405	21	,	,	PUNCT
ftr-384	405	22	but	but	CCONJ
ftr-384	405	23	rather	rather	ADV
ftr-384	405	24	on	on	ADP
ftr-384	405	25	the	the	DET
ftr-384	405	26	impact	impact	NOUN
ftr-384	405	27	of	of	ADP
ftr-384	405	28	foreign	foreign	ADJ
ftr-384	405	29	production	production	NOUN
ftr-384	405	30	on	on	ADP
ftr-384	405	31	u.s	u.s	PROPN
ftr-384	405	32	.	.	PROPN
ftr-384	405	33	production	production	NOUN
ftr-384	405	34	.	.	PUNCT
ftr-384	406	1	it	it	PRON
ftr-384	406	2	is	be	AUX
ftr-384	406	3	not	not	PART
ftr-384	406	4	clear	clear	ADJ
ftr-384	406	5	how	how	SCONJ
ftr-384	406	6	strong	strong	ADJ
ftr-384	406	7	the	the	DET
ftr-384	406	8	connection	connection	NOUN
ftr-384	406	9	is	be	AUX
ftr-384	406	10	between	between	ADP
ftr-384	406	11	u.s	u.s	PROPN
ftr-384	406	12	.	.	PROPN
ftr-384	406	13	production	production	PROPN
ftr-384	406	14	and	and	CCONJ
ftr-384	406	15	u.s	u.s	PROPN
ftr-384	406	16	.	.	PROPN
ftr-384	406	17	investment	investment	NOUN
ftr-384	406	18	.	.	PUNCT
ftr-384	407	1	for	for	ADP
ftr-384	407	2	example	example	NOUN
ftr-384	407	3	,	,	PUNCT
ftr-384	407	4	an	an	DET
ftr-384	407	5	increase	increase	NOUN
ftr-384	407	6	in	in	ADP
ftr-384	407	7	u.s	u.s	PROPN
ftr-384	407	8	.	.	PROPN
ftr-384	407	9	production	production	NOUN
ftr-384	407	10	will	will	AUX
ftr-384	407	11	not	not	PART
ftr-384	407	12	correspond	correspond	VERB
ftr-384	407	13	to	to	ADP
ftr-384	407	14	an	an	DET
ftr-384	407	15	increase	increase	NOUN
ftr-384	407	16	in	in	ADP
ftr-384	407	17	u.s	u.s	PROPN
ftr-384	407	18	.	.	PROPN
ftr-384	407	19	investment	investment	NOUN
ftr-384	407	20	to	to	ADP
ftr-384	407	21	the	the	DET
ftr-384	407	22	extent	extent	NOUN
ftr-384	407	23	that	that	SCONJ
ftr-384	407	24	there	there	PRON
ftr-384	407	25	was	be	VERB
ftr-384	407	26	excess	excess	ADJ
ftr-384	407	27	capacity	capacity	NOUN
ftr-384	407	28	in	in	ADP
ftr-384	407	29	u.s	u.s	PROPN
ftr-384	407	30	.	.	PROPN
ftr-384	407	31	production	production	NOUN
ftr-384	407	32	facilities	facility	NOUN
ftr-384	407	33	.	.	PUNCT
ftr-384	408	1	empirical	empirical	ADJ
ftr-384	408	2	studies	study	NOUN
ftr-384	408	3	of	of	ADP
ftr-384	408	4	the	the	DET
ftr-384	408	5	effect	effect	NOUN
ftr-384	408	6	of	of	ADP
ftr-384	408	7	fdi	fdi	NOUN
ftr-384	408	8	on	on	ADP
ftr-384	408	9	domestic	domestic	ADJ
ftr-384	408	10	investment	investment	NOUN
ftr-384	408	11	have	have	AUX
ftr-384	408	12	been	be	AUX
ftr-384	408	13	mixed	mix	VERB
ftr-384	408	14	.	.	PUNCT
ftr-384	409	1	analysis	analysis	NOUN
ftr-384	409	2	of	of	ADP
ftr-384	409	3	investment	investment	NOUN
ftr-384	409	4	data	datum	NOUN
ftr-384	409	5	for	for	ADP
ftr-384	409	6	several	several	ADJ
ftr-384	409	7	oecd	oecd	PROPN
ftr-384	409	8	countries	country	NOUN
ftr-384	409	9	from	from	ADP
ftr-384	409	10	the	the	DET
ftr-384	409	11	1970	1970	NUM
ftr-384	409	12	's	's	PART
ftr-384	409	13	and	and	CCONJ
ftr-384	409	14	1980	1980	NUM
ftr-384	409	15	's	's	PART
ftr-384	409	16	suggests	suggest	VERB
ftr-384	409	17	that	that	SCONJ
ftr-384	409	18	outbound	outbound	ADJ
ftr-384	409	19	fdi	fdi	NOUN
ftr-384	409	20	reduces	reduce	VERB
ftr-384	409	21	domestic	domestic	ADJ
ftr-384	409	22	investment	investment	NOUN
ftr-384	409	23	on	on	ADP
ftr-384	409	24	approximately	approximately	ADV
ftr-384	409	25	a	a	DET
ftr-384	409	26	dollar	dollar	NOUN
ftr-384	409	27	-	-	PUNCT
ftr-384	409	28	for	for	ADP
ftr-384	409	29	-	-	PUNCT
ftr-384	409	30	dollar	dollar	NOUN
ftr-384	409	31	basis.77	basis.77	NOUN
ftr-384	409	32	the	the	DET
ftr-384	409	33	same	same	ADJ
ftr-384	409	34	results	result	NOUN
ftr-384	409	35	were	be	AUX
ftr-384	409	36	obtained	obtain	VERB
ftr-384	409	37	in	in	ADP
ftr-384	409	38	analyzing	analyze	VERB
ftr-384	409	39	data	datum	NOUN
ftr-384	409	40	for	for	ADP
ftr-384	409	41	oecd	oecd	PROPN
ftr-384	409	42	countries	country	NOUN
ftr-384	409	43	from	from	ADP
ftr-384	409	44	the	the	DET
ftr-384	409	45	74	74	NUM
ftr-384	409	46	.	.	PUNCT
ftr-384	410	1	see	see	VERB
ftr-384	410	2	supra	supra	PROPN
ftr-384	410	3	note	note	PROPN
ftr-384	410	4	36	36	NUM
ftr-384	410	5	,	,	PUNCT
ftr-384	410	6	and	and	CCONJ
ftr-384	410	7	the	the	DET
ftr-384	410	8	text	text	NOUN
ftr-384	410	9	accompanying	accompany	VERB
ftr-384	410	10	supra	supra	PROPN
ftr-384	410	11	note	note	PROPN
ftr-384	410	12	38	38	NUM
ftr-384	410	13	,	,	PUNCT
ftr-384	410	14	for	for	ADP
ftr-384	410	15	a	a	DET
ftr-384	410	16	discussion	discussion	NOUN
ftr-384	410	17	of	of	ADP
ftr-384	410	18	the	the	DET
ftr-384	410	19	relationship	relationship	NOUN
ftr-384	410	20	between	between	ADP
ftr-384	410	21	the	the	DET
ftr-384	410	22	substitutability	substitutability	NOUN
ftr-384	410	23	of	of	ADP
ftr-384	410	24	foreign	foreign	ADJ
ftr-384	410	25	investment	investment	NOUN
ftr-384	410	26	for	for	ADP
ftr-384	410	27	domestic	domestic	ADJ
ftr-384	410	28	investment	investment	NOUN
ftr-384	410	29	and	and	CCONJ
ftr-384	410	30	excess	excess	ADJ
ftr-384	410	31	burden	burden	NOUN
ftr-384	410	32	.	.	PUNCT
ftr-384	411	1	75	75	NUM
ftr-384	411	2	.	.	PUNCT
ftr-384	411	3	staff	staff	NOUN
ftr-384	411	4	of	of	ADP
ftr-384	411	5	the	the	DET
ftr-384	411	6	joint	joint	ADJ
ftr-384	411	7	committee	committee	NOUN
ftr-384	411	8	on	on	ADP
ftr-384	411	9	taxation	taxation	NOUN
ftr-384	411	10	,	,	PUNCT
ftr-384	411	11	109th	109th	ADJ
ftr-384	411	12	cong	cong	NOUN
ftr-384	411	13	.	.	PROPN
ftr-384	411	14	,	,	PUNCT
ftr-384	411	15	2d	2d	NUM
ftr-384	411	16	sess	sess	NOUN
ftr-384	411	17	.	.	PUNCT
ftr-384	412	1	,	,	PUNCT
ftr-384	412	2	the	the	DET
ftr-384	412	3	impact	impact	NOUN
ftr-384	412	4	of	of	ADP
ftr-384	412	5	international	international	ADJ
ftr-384	412	6	tax	tax	NOUN
ftr-384	412	7	reform	reform	NOUN
ftr-384	412	8	:	:	PUNCT
ftr-384	412	9	background	background	NOUN
ftr-384	412	10	and	and	CCONJ
ftr-384	412	11	selected	select	VERB
ftr-384	412	12	issues	issue	NOUN
ftr-384	412	13	relating	relate	VERB
ftr-384	412	14	to	to	ADP
ftr-384	412	15	u.s	u.s	PROPN
ftr-384	412	16	.	.	PROPN
ftr-384	412	17	international	international	ADJ
ftr-384	412	18	tax	tax	NOUN
ftr-384	412	19	rules	rule	NOUN
ftr-384	412	20	and	and	CCONJ
ftr-384	412	21	the	the	DET
ftr-384	412	22	competitiveness	competitiveness	NOUN
ftr-384	412	23	of	of	ADP
ftr-384	412	24	u.s	u.s	PROPN
ftr-384	412	25	.	.	PROPN
ftr-384	412	26	businesses	business	NOUN
ftr-384	412	27	61	61	NUM
ftr-384	412	28	-	-	SYM
ftr-384	412	29	62	62	NUM
ftr-384	412	30	(	(	PUNCT
ftr-384	412	31	comm	comm	NOUN
ftr-384	412	32	.	.	PUNCT
ftr-384	413	1	print	print	NOUN
ftr-384	413	2	,	,	PUNCT
ftr-384	413	3	2006	2006	NUM
ftr-384	413	4	)	)	PUNCT
ftr-384	413	5	.	.	PUNCT
ftr-384	414	1	76	76	NUM
ftr-384	414	2	.	.	PUNCT
ftr-384	415	1	i	i	PRON
ftr-384	415	2	d.	d.	PROPN
ftr-384	415	3	at	at	ADP
ftr-384	415	4	62	62	NUM
ftr-384	415	5	(	(	PUNCT
ftr-384	415	6	citations	citation	NOUN
ftr-384	415	7	omitted	omit	VERB
ftr-384	415	8	)	)	PUNCT
ftr-384	415	9	.	.	PUNCT
ftr-384	416	1	the	the	DET
ftr-384	416	2	joint	joint	PROPN
ftr-384	416	3	committee	committee	NOUN
ftr-384	416	4	staff	staff	NOUN
ftr-384	416	5	cited	cite	VERB
ftr-384	416	6	as	as	ADP
ftr-384	416	7	authority	authority	NOUN
ftr-384	416	8	,	,	PUNCT
ftr-384	416	9	robert	robert	PROPN
ftr-384	416	10	e.	e.	PROPN
ftr-384	416	11	lipsey	lipsey	PROPN
ftr-384	416	12	,	,	PUNCT
ftr-384	416	13	home	home	NOUN
ftr-384	416	14	and	and	CCONJ
ftr-384	416	15	host	host	NOUN
ftr-384	416	16	country	country	NOUN
ftr-384	416	17	effects	effect	NOUN
ftr-384	416	18	on	on	ADP
ftr-384	416	19	fdi	fdi	PROPN
ftr-384	416	20	,	,	PUNCT
ftr-384	416	21	7	7	NUM
ftr-384	416	22	-	-	SYM
ftr-384	416	23	19	19	NUM
ftr-384	416	24	(	(	PUNCT
ftr-384	416	25	nat'l	nat'l	PROPN
ftr-384	416	26	bureau	bureau	PROPN
ftr-384	416	27	of	of	ADP
ftr-384	416	28	econ	econ	PROPN
ftr-384	416	29	.	.	PUNCT
ftr-384	417	1	research	research	PROPN
ftr-384	417	2	,	,	PUNCT
ftr-384	417	3	working	work	VERB
ftr-384	417	4	paper	paper	NOUN
ftr-384	417	5	no	no	NOUN
ftr-384	417	6	.	.	PROPN
ftr-384	417	7	9293	9293	NUM
ftr-384	417	8	,	,	PUNCT
ftr-384	417	9	2002	2002	NUM
ftr-384	417	10	)	)	PUNCT
ftr-384	417	11	,	,	PUNCT
ftr-384	417	12	and	and	CCONJ
ftr-384	417	13	robert	robert	PROPN
ftr-384	417	14	e.	e.	PROPN
ftr-384	417	15	lipsey	lipsey	PROPN
ftr-384	417	16	,	,	PUNCT
ftr-384	417	17	outward	outward	VERB
ftr-384	417	18	direct	direct	ADJ
ftr-384	417	19	investment	investment	NOUN
ftr-384	417	20	and	and	CCONJ
ftr-384	417	21	the	the	DET
ftr-384	417	22	u.s	u.s	PROPN
ftr-384	417	23	.	.	PROPN
ftr-384	417	24	economy	economy	NOUN
ftr-384	417	25	,	,	PUNCT
ftr-384	417	26	in	in	ADP
ftr-384	417	27	the	the	DET
ftr-384	417	28	effects	effect	NOUN
ftr-384	417	29	of	of	ADP
ftr-384	417	30	taxation	taxation	NOUN
ftr-384	417	31	on	on	ADP
ftr-384	417	32	multinational	multinational	ADJ
ftr-384	417	33	corporations	corporation	NOUN
ftr-384	417	34	(	(	PUNCT
ftr-384	417	35	martin	martin	PROPN
ftr-384	417	36	feldstein	feldstein	PROPN
ftr-384	417	37	,	,	PUNCT
ftr-384	417	38	james	james	PROPN
ftr-384	417	39	r.	r.	PROPN
ftr-384	417	40	hines	hines	PROPN
ftr-384	417	41	,	,	PUNCT
ftr-384	417	42	jr	jr	PROPN
ftr-384	417	43	.	.	PROPN
ftr-384	417	44	&	&	CCONJ
ftr-384	417	45	r.	r.	PROPN
ftr-384	417	46	glenn	glenn	PROPN
ftr-384	417	47	hubbard	hubbard	PROPN
ftr-384	417	48	eds	eds	PROPN
ftr-384	417	49	.	.	PROPN
ftr-384	417	50	1995	1995	NUM
ftr-384	417	51	)	)	PUNCT
ftr-384	418	1	77	77	NUM
ftr-384	418	2	.	.	PUNCT
ftr-384	419	1	see	see	VERB
ftr-384	419	2	e.g.	e.g.	ADV
ftr-384	419	3	,	,	PUNCT
ftr-384	419	4	feldstein	feldstein	NOUN
ftr-384	419	5	,	,	PUNCT
ftr-384	419	6	supra	supra	PROPN
ftr-384	419	7	note	note	NOUN
ftr-384	419	8	73	73	NUM
ftr-384	419	9	,	,	PUNCT
ftr-384	419	10	at	at	ADP
ftr-384	419	11	57	57	NUM
ftr-384	419	12	.	.	PUNCT
ftr-384	420	1	2007	2007	NUM
ftr-384	420	2	]	]	PUNCT
ftr-384	420	3	florida	florida	PROPN
ftr-384	420	4	tax	tax	PROPN
ftr-384	420	5	review	review	NOUN
ftr-384	420	6	1980	1980	NUM
ftr-384	420	7	's	's	PART
ftr-384	420	8	and	and	CCONJ
ftr-384	420	9	1990's.78	1990's.78	PRON
ftr-384	420	10	other	other	ADJ
ftr-384	420	11	studies	study	NOUN
ftr-384	420	12	,	,	PUNCT
ftr-384	420	13	however	however	ADV
ftr-384	420	14	,	,	PUNCT
ftr-384	420	15	find	find	VERB
ftr-384	420	16	no	no	DET
ftr-384	420	17	relationship,79	relationship,79	ADJ
ftr-384	420	18	while	while	SCONJ
ftr-384	420	19	others	other	NOUN
ftr-384	420	20	suggest	suggest	VERB
ftr-384	420	21	that	that	SCONJ
ftr-384	420	22	fdi	fdi	NOUN
ftr-384	420	23	and	and	CCONJ
ftr-384	420	24	domestic	domestic	ADJ
ftr-384	420	25	investment	investment	NOUN
ftr-384	420	26	may	may	AUX
ftr-384	420	27	complement	complement	VERB
ftr-384	420	28	each	each	DET
ftr-384	420	29	other.80	other.80	PROPN
ftr-384	420	30	professors	professor	NOUN
ftr-384	420	31	desai	desai	PROPN
ftr-384	420	32	,	,	PUNCT
ftr-384	420	33	foley	foley	PROPN
ftr-384	420	34	and	and	CCONJ
ftr-384	420	35	hines	hine	NOUN
ftr-384	420	36	found	find	VERB
ftr-384	420	37	that	that	SCONJ
ftr-384	420	38	when	when	SCONJ
ftr-384	420	39	they	they	PRON
ftr-384	420	40	analyzed	analyze	VERB
ftr-384	420	41	data	datum	NOUN
ftr-384	420	42	consisting	consist	VERB
ftr-384	420	43	of	of	ADP
ftr-384	420	44	domestic	domestic	ADJ
ftr-384	420	45	and	and	CCONJ
ftr-384	420	46	foreign	foreign	ADJ
ftr-384	420	47	investments	investment	NOUN
ftr-384	420	48	by	by	ADP
ftr-384	420	49	u.s	u.s	PROPN
ftr-384	420	50	.	.	PROPN
ftr-384	420	51	multinationals	multinational	NOUN
ftr-384	420	52	instead	instead	ADV
ftr-384	420	53	of	of	ADP
ftr-384	420	54	aggregate	aggregate	VERB
ftr-384	420	55	national	national	ADJ
ftr-384	420	56	data	datum	NOUN
ftr-384	420	57	for	for	ADP
ftr-384	420	58	oecd	oecd	PROPN
ftr-384	420	59	countries	country	NOUN
ftr-384	420	60	,	,	PUNCT
ftr-384	420	61	u.s	u.s	PROPN
ftr-384	420	62	.	.	PROPN
ftr-384	420	63	domestic	domestic	ADJ
ftr-384	420	64	investment	investment	NOUN
ftr-384	420	65	by	by	ADP
ftr-384	420	66	u.s	u.s	PROPN
ftr-384	420	67	.	.	PROPN
ftr-384	420	68	multinationals	multinational	NOUN
ftr-384	420	69	increased	increase	VERB
ftr-384	420	70	at	at	ADP
ftr-384	420	71	the	the	DET
ftr-384	420	72	same	same	ADJ
ftr-384	420	73	time	time	NOUN
ftr-384	420	74	that	that	PRON
ftr-384	420	75	fdi	fdi	NOUN
ftr-384	420	76	increased	increase	VERB
ftr-384	420	77	.	.	PUNCT
ftr-384	421	1	they	they	PRON
ftr-384	421	2	argue	argue	VERB
ftr-384	421	3	that	that	SCONJ
ftr-384	421	4	this	this	PRON
ftr-384	421	5	suggests	suggest	VERB
ftr-384	421	6	that	that	SCONJ
ftr-384	421	7	,	,	PUNCT
ftr-384	421	8	at	at	ADP
ftr-384	421	9	least	least	ADJ
ftr-384	421	10	in	in	ADP
ftr-384	421	11	the	the	DET
ftr-384	421	12	case	case	NOUN
ftr-384	421	13	of	of	ADP
ftr-384	421	14	u.s	u.s	PROPN
ftr-384	421	15	.	.	PROPN
ftr-384	421	16	multinationals	multinational	NOUN
ftr-384	421	17	,	,	PUNCT
ftr-384	421	18	fdi	fdi	NOUN
ftr-384	421	19	complements	complement	VERB
ftr-384	421	20	u.s	u.s	PROPN
ftr-384	421	21	.	.	PROPN
ftr-384	421	22	domestic	domestic	ADJ
ftr-384	421	23	investment.8	investment.8	PROPN
ftr-384	421	24	the	the	DET
ftr-384	421	25	authors	author	NOUN
ftr-384	421	26	caution	caution	VERB
ftr-384	421	27	,	,	PUNCT
ftr-384	421	28	however	however	ADV
ftr-384	421	29	,	,	PUNCT
ftr-384	421	30	that	that	SCONJ
ftr-384	421	31	their	their	PRON
ftr-384	421	32	results	result	NOUN
ftr-384	421	33	may	may	AUX
ftr-384	421	34	be	be	AUX
ftr-384	421	35	seriously	seriously	ADV
ftr-384	421	36	biased	bias	VERB
ftr-384	421	37	by	by	ADP
ftr-384	421	38	the	the	DET
ftr-384	421	39	omission	omission	NOUN
ftr-384	421	40	of	of	ADP
ftr-384	421	41	other	other	ADJ
ftr-384	421	42	important	important	ADJ
ftr-384	421	43	variables	variable	NOUN
ftr-384	421	44	,	,	PUNCT
ftr-384	421	45	which	which	PRON
ftr-384	421	46	means	mean	VERB
ftr-384	421	47	there	there	PRON
ftr-384	421	48	may	may	AUX
ftr-384	421	49	in	in	ADP
ftr-384	421	50	fact	fact	NOUN
ftr-384	421	51	be	be	AUX
ftr-384	421	52	no	no	DET
ftr-384	421	53	causal	causal	ADJ
ftr-384	421	54	relationship	relationship	NOUN
ftr-384	421	55	between	between	ADP
ftr-384	421	56	the	the	DET
ftr-384	421	57	observed	observe	VERB
ftr-384	421	58	simultaneous	simultaneous	ADJ
ftr-384	421	59	increases	increase	NOUN
ftr-384	421	60	in	in	ADP
ftr-384	421	61	fdi	fdi	ADJ
ftr-384	421	62	and	and	CCONJ
ftr-384	421	63	domestic	domestic	ADJ
ftr-384	421	64	investment	investment	NOUN
ftr-384	421	65	.	.	PUNCT
ftr-384	421	66	"	"	PUNCT
ftr-384	422	1	the	the	DET
ftr-384	422	2	result	result	NOUN
ftr-384	422	3	is	be	AUX
ftr-384	422	4	that	that	SCONJ
ftr-384	422	5	the	the	DET
ftr-384	422	6	answer	answer	NOUN
ftr-384	422	7	to	to	ADP
ftr-384	422	8	the	the	DET
ftr-384	422	9	question	question	NOUN
ftr-384	422	10	whether	whether	SCONJ
ftr-384	422	11	fdi	fdi	NOUN
ftr-384	422	12	is	be	AUX
ftr-384	422	13	a	a	DET
ftr-384	422	14	substitute	substitute	NOUN
ftr-384	422	15	for	for	ADP
ftr-384	422	16	u.s	u.s	PROPN
ftr-384	422	17	.	.	PROPN
ftr-384	422	18	investment	investment	NOUN
ftr-384	422	19	or	or	CCONJ
ftr-384	422	20	a	a	DET
ftr-384	422	21	complement	complement	NOUN
ftr-384	422	22	to	to	ADP
ftr-384	422	23	it	it	PRON
ftr-384	422	24	is	be	AUX
ftr-384	422	25	unclear	unclear	ADJ
ftr-384	422	26	.	.	PUNCT
ftr-384	423	1	more	more	ADJ
ftr-384	423	2	research	research	NOUN
ftr-384	423	3	is	be	AUX
ftr-384	423	4	needed	need	VERB
ftr-384	423	5	to	to	PART
ftr-384	423	6	determine	determine	VERB
ftr-384	423	7	what	what	PRON
ftr-384	423	8	the	the	DET
ftr-384	423	9	impact	impact	NOUN
ftr-384	423	10	of	of	ADP
ftr-384	423	11	increased	increase	VERB
ftr-384	423	12	fdi	fdi	NOUN
ftr-384	423	13	will	will	AUX
ftr-384	423	14	be	be	AUX
ftr-384	423	15	on	on	ADP
ftr-384	423	16	u.s	u.s	PROPN
ftr-384	423	17	.	.	PROPN
ftr-384	423	18	investment	investment	NOUN
ftr-384	423	19	.	.	PUNCT
ftr-384	424	1	m.	m.	NOUN
ftr-384	424	2	conclusion	conclusion	NOUN
ftr-384	424	3	the	the	DET
ftr-384	424	4	report	report	NOUN
ftr-384	424	5	justifies	justify	VERB
ftr-384	424	6	its	its	PRON
ftr-384	424	7	recommendation	recommendation	NOUN
ftr-384	424	8	for	for	ADP
ftr-384	424	9	a	a	DET
ftr-384	424	10	territorial	territorial	ADJ
ftr-384	424	11	tax	tax	NOUN
ftr-384	424	12	by	by	ADP
ftr-384	424	13	asserting	assert	VERB
ftr-384	424	14	that	that	SCONJ
ftr-384	424	15	a	a	DET
ftr-384	424	16	territorial	territorial	ADJ
ftr-384	424	17	system	system	NOUN
ftr-384	424	18	will	will	AUX
ftr-384	424	19	eliminate	eliminate	VERB
ftr-384	424	20	the	the	DET
ftr-384	424	21	tax	tax	NOUN
ftr-384	424	22	impediment	impediment	NOUN
ftr-384	424	23	to	to	ADP
ftr-384	424	24	repatriating	repatriate	VERB
ftr-384	424	25	earnings	earning	NOUN
ftr-384	424	26	and	and	CCONJ
ftr-384	424	27	will	will	AUX
ftr-384	424	28	make	make	VERB
ftr-384	424	29	u.s	u.s	PROPN
ftr-384	424	30	.	.	PROPN
ftr-384	424	31	multinationals	multinational	NOUN
ftr-384	424	32	more	more	ADV
ftr-384	424	33	competitive	competitive	ADJ
ftr-384	424	34	.	.	PUNCT
ftr-384	425	1	a	a	DET
ftr-384	425	2	complete	complete	ADJ
ftr-384	425	3	analysis	analysis	NOUN
ftr-384	425	4	requires	require	VERB
ftr-384	425	5	that	that	SCONJ
ftr-384	425	6	such	such	ADJ
ftr-384	425	7	benefits	benefit	NOUN
ftr-384	425	8	not	not	PART
ftr-384	425	9	be	be	AUX
ftr-384	425	10	viewed	view	VERB
ftr-384	425	11	in	in	ADP
ftr-384	425	12	isolation	isolation	NOUN
ftr-384	425	13	.	.	PUNCT
ftr-384	426	1	to	to	PART
ftr-384	426	2	determine	determine	VERB
ftr-384	426	3	whether	whether	SCONJ
ftr-384	426	4	a	a	DET
ftr-384	426	5	territorial	territorial	ADJ
ftr-384	426	6	tax	tax	NOUN
ftr-384	426	7	scheme	scheme	NOUN
ftr-384	426	8	makes	make	VERB
ftr-384	426	9	sense	sense	NOUN
ftr-384	426	10	,	,	PUNCT
ftr-384	426	11	it	it	PRON
ftr-384	426	12	is	be	AUX
ftr-384	426	13	necessary	necessary	ADJ
ftr-384	426	14	to	to	PART
ftr-384	426	15	determine	determine	VERB
ftr-384	426	16	whether	whether	SCONJ
ftr-384	426	17	other	other	ADJ
ftr-384	426	18	harmful	harmful	ADJ
ftr-384	426	19	impacts	impact	NOUN
ftr-384	426	20	of	of	ADP
ftr-384	426	21	a	a	DET
ftr-384	426	22	territorial	territorial	ADJ
ftr-384	426	23	system	system	NOUN
ftr-384	426	24	will	will	AUX
ftr-384	426	25	outweigh	outweigh	VERB
ftr-384	426	26	these	these	DET
ftr-384	426	27	benefits	benefit	NOUN
ftr-384	426	28	.	.	PUNCT
ftr-384	427	1	a	a	DET
ftr-384	427	2	territorial	territorial	ADJ
ftr-384	427	3	tax	tax	NOUN
ftr-384	427	4	will	will	AUX
ftr-384	427	5	increase	increase	VERB
ftr-384	427	6	the	the	DET
ftr-384	427	7	excess	excess	ADJ
ftr-384	427	8	burden	burden	NOUN
ftr-384	427	9	on	on	ADP
ftr-384	427	10	domestic	domestic	ADJ
ftr-384	427	11	investment	investment	NOUN
ftr-384	427	12	since	since	SCONJ
ftr-384	427	13	it	it	PRON
ftr-384	427	14	will	will	AUX
ftr-384	427	15	increase	increase	VERB
ftr-384	427	16	the	the	DET
ftr-384	427	17	tax	tax	NOUN
ftr-384	427	18	wedge	wedge	NOUN
ftr-384	427	19	between	between	ADP
ftr-384	427	20	domestic	domestic	ADJ
ftr-384	427	21	and	and	CCONJ
ftr-384	427	22	foreign	foreign	ADJ
ftr-384	427	23	investment	investment	NOUN
ftr-384	427	24	,	,	PUNCT
ftr-384	427	25	i.e.	i.e.	X
ftr-384	427	26	it	it	PRON
ftr-384	427	27	will	will	AUX
ftr-384	427	28	increase	increase	VERB
ftr-384	427	29	the	the	DET
ftr-384	427	30	tax	tax	NOUN
ftr-384	427	31	cost	cost	NOUN
ftr-384	427	32	of	of	ADP
ftr-384	427	33	domestic	domestic	ADJ
ftr-384	427	34	in	in	ADP
ftr-384	427	35	comparison	comparison	NOUN
ftr-384	427	36	to	to	ADP
ftr-384	427	37	foreign	foreign	ADJ
ftr-384	427	38	investment	investment	NOUN
ftr-384	427	39	.	.	PUNCT
ftr-384	428	1	at	at	ADP
ftr-384	428	2	the	the	DET
ftr-384	428	3	same	same	ADJ
ftr-384	428	4	time	time	NOUN
ftr-384	428	5	,	,	PUNCT
ftr-384	428	6	the	the	DET
ftr-384	428	7	excess	excess	ADJ
ftr-384	428	8	burden	burden	NOUN
ftr-384	428	9	on	on	ADP
ftr-384	428	10	savings	saving	NOUN
ftr-384	428	11	will	will	AUX
ftr-384	428	12	decrease	decrease	VERB
ftr-384	428	13	since	since	SCONJ
ftr-384	428	14	foreign	foreign	ADJ
ftr-384	428	15	income	income	NOUN
ftr-384	428	16	will	will	AUX
ftr-384	428	17	be	be	AUX
ftr-384	428	18	exempt	exempt	ADJ
ftr-384	428	19	.	.	PUNCT
ftr-384	429	1	the	the	DET
ftr-384	429	2	issue	issue	NOUN
ftr-384	429	3	for	for	ADP
ftr-384	429	4	a	a	DET
ftr-384	429	5	territorial	territorial	ADJ
ftr-384	429	6	tax	tax	NOUN
ftr-384	429	7	is	be	AUX
ftr-384	429	8	whether	whether	SCONJ
ftr-384	429	9	the	the	DET
ftr-384	429	10	decreased	decrease	VERB
ftr-384	429	11	excess	excess	ADJ
ftr-384	429	12	burden	burden	NOUN
ftr-384	429	13	on	on	ADP
ftr-384	429	14	savings	saving	NOUN
ftr-384	429	15	is	be	AUX
ftr-384	429	16	less	less	ADJ
ftr-384	429	17	than	than	ADP
ftr-384	429	18	the	the	DET
ftr-384	429	19	increased	increase	VERB
ftr-384	429	20	burden	burden	NOUN
ftr-384	429	21	on	on	ADP
ftr-384	429	22	domestic	domestic	ADJ
ftr-384	429	23	investment	investment	NOUN
ftr-384	429	24	.	.	PUNCT
ftr-384	430	1	unfortunately	unfortunately	ADV
ftr-384	430	2	,	,	PUNCT
ftr-384	430	3	theory	theory	NOUN
ftr-384	430	4	can	can	AUX
ftr-384	430	5	not	not	PART
ftr-384	430	6	predict	predict	VERB
ftr-384	430	7	whether	whether	SCONJ
ftr-384	430	8	the	the	DET
ftr-384	430	9	decrease	decrease	NOUN
ftr-384	430	10	in	in	ADP
ftr-384	430	11	excess	excess	ADJ
ftr-384	430	12	burden	burden	NOUN
ftr-384	430	13	for	for	ADP
ftr-384	430	14	savings	saving	NOUN
ftr-384	430	15	will	will	AUX
ftr-384	430	16	be	be	AUX
ftr-384	430	17	less	less	ADJ
ftr-384	430	18	than	than	ADP
ftr-384	430	19	the	the	DET
ftr-384	430	20	increase	increase	NOUN
ftr-384	430	21	of	of	ADP
ftr-384	430	22	the	the	DET
ftr-384	430	23	excess	excess	ADJ
ftr-384	430	24	burden	burden	NOUN
ftr-384	430	25	for	for	ADP
ftr-384	430	26	domestic	domestic	ADJ
ftr-384	430	27	investment	investment	NOUN
ftr-384	430	28	.	.	PUNCT
ftr-384	431	1	the	the	DET
ftr-384	431	2	magnitude	magnitude	NOUN
ftr-384	431	3	of	of	ADP
ftr-384	431	4	the	the	DET
ftr-384	431	5	excess	excess	ADJ
ftr-384	431	6	burden	burden	NOUN
ftr-384	431	7	will	will	AUX
ftr-384	431	8	depend	depend	VERB
ftr-384	431	9	upon	upon	SCONJ
ftr-384	431	10	78	78	NUM
ftr-384	431	11	.	.	PUNCT
ftr-384	432	1	mihir	mihir	PROPN
ftr-384	432	2	a.	a.	PROPN
ftr-384	432	3	desai	desai	PROPN
ftr-384	432	4	,	,	PUNCT
ftr-384	432	5	c.	c.	PROPN
ftr-384	432	6	fritz	fritz	PROPN
ftr-384	432	7	foley	foley	PROPN
ftr-384	432	8	&	&	CCONJ
ftr-384	432	9	james	james	PROPN
ftr-384	432	10	r.	r.	PROPN
ftr-384	432	11	hines	hines	PROPN
ftr-384	432	12	jr	jr	PROPN
ftr-384	432	13	.	.	PROPN
ftr-384	432	14	,	,	PUNCT
ftr-384	432	15	foreign	foreign	ADJ
ftr-384	432	16	direct	direct	ADJ
ftr-384	432	17	investment	investment	NOUN
ftr-384	432	18	and	and	CCONJ
ftr-384	432	19	the	the	DET
ftr-384	432	20	domestic	domestic	ADJ
ftr-384	432	21	capital	capital	NOUN
ftr-384	432	22	stock	stock	NOUN
ftr-384	432	23	,	,	PUNCT
ftr-384	432	24	6	6	NUM
ftr-384	432	25	-	-	SYM
ftr-384	432	26	7	7	NUM
ftr-384	432	27	(	(	PUNCT
ftr-384	432	28	nat'l	nat'l	NOUN
ftr-384	432	29	bureau	bureau	PROPN
ftr-384	432	30	of	of	ADP
ftr-384	432	31	econ	econ	PROPN
ftr-384	432	32	.	.	PUNCT
ftr-384	433	1	research	research	PROPN
ftr-384	433	2	,	,	PUNCT
ftr-384	433	3	wroking	wroke	VERB
ftr-384	433	4	paper	paper	PROPN
ftr-384	433	5	no	no	NOUN
ftr-384	433	6	.	.	PROPN
ftr-384	433	7	11075	11075	NUM
ftr-384	433	8	,	,	PUNCT
ftr-384	433	9	2005	2005	NUM
ftr-384	433	10	)	)	PUNCT
ftr-384	433	11	.	.	PUNCT
ftr-384	434	1	79	79	NUM
ftr-384	434	2	.	.	PUNCT
ftr-384	435	1	see	see	VERB
ftr-384	435	2	e.g.	e.g.	ADV
ftr-384	435	3	,	,	PUNCT
ftr-384	435	4	david	david	PROPN
ftr-384	435	5	g.	g.	PROPN
ftr-384	435	6	harris	harris	PROPN
ftr-384	435	7	,	,	PUNCT
ftr-384	435	8	the	the	DET
ftr-384	435	9	impact	impact	NOUN
ftr-384	435	10	of	of	ADP
ftr-384	435	11	u.s	u.s	PROPN
ftr-384	435	12	.	.	PROPN
ftr-384	435	13	tax	tax	NOUN
ftr-384	435	14	law	law	NOUN
ftr-384	435	15	revision	revision	NOUN
ftr-384	435	16	on	on	ADP
ftr-384	435	17	multinational	multinational	ADJ
ftr-384	435	18	corporations	corporation	NOUN
ftr-384	435	19	'	'	PART
ftr-384	435	20	capital	capital	NOUN
ftr-384	435	21	location	location	NOUN
ftr-384	435	22	and	and	CCONJ
ftr-384	435	23	income	income	NOUN
ftr-384	435	24	-	-	PUNCT
ftr-384	435	25	shifting	shift	VERB
ftr-384	435	26	decisions	decision	NOUN
ftr-384	435	27	,	,	PUNCT
ftr-384	435	28	31	31	NUM
ftr-384	435	29	j.	j.	NOUN
ftr-384	435	30	of	of	ADP
ftr-384	435	31	acct	acct	NOUN
ftr-384	435	32	.	.	PUNCT
ftr-384	436	1	res	re	NOUN
ftr-384	436	2	.	.	NOUN
ftr-384	436	3	111	111	NUM
ftr-384	436	4	,	,	PUNCT
ftr-384	436	5	132	132	NUM
ftr-384	436	6	-	-	SYM
ftr-384	436	7	36	36	NUM
ftr-384	436	8	(	(	PUNCT
ftr-384	436	9	1993	1993	NUM
ftr-384	436	10	)	)	PUNCT
ftr-384	436	11	.	.	PUNCT
ftr-384	437	1	80	80	NUM
ftr-384	437	2	.	.	PUNCT
ftr-384	438	1	desai	desai	PROPN
ftr-384	438	2	,	,	PUNCT
ftr-384	438	3	foley	foley	PROPN
ftr-384	438	4	&	&	CCONJ
ftr-384	438	5	hines	hines	PROPN
ftr-384	438	6	,	,	PUNCT
ftr-384	438	7	supra	supra	PROPN
ftr-384	438	8	note	note	NOUN
ftr-384	438	9	78	78	NUM
ftr-384	438	10	,	,	PUNCT
ftr-384	438	11	at	at	ADP
ftr-384	438	12	7	7	NUM
ftr-384	438	13	.	.	NUM
ftr-384	438	14	81	81	NUM
ftr-384	438	15	.	.	PUNCT
ftr-384	439	1	i	i	PRON
ftr-384	439	2	d.	d.	PROPN
ftr-384	439	3	82	82	NUM
ftr-384	439	4	.	.	PUNCT
ftr-384	440	1	i	i	PRON
ftr-384	440	2	d.	d.	PROPN
ftr-384	440	3	at	at	ADP
ftr-384	440	4	9	9	NUM
ftr-384	440	5	.	.	PUNCT
ftr-384	441	1	[	[	X
ftr-384	441	2	vol	vol	NOUN
ftr-384	441	3	.	.	PUNCT
ftr-384	441	4	8:3	8:3	NUM
ftr-384	441	5	will	will	AUX
ftr-384	441	6	u.s	u.s	PROPN
ftr-384	441	7	.	.	PROPN
ftr-384	441	8	investment	investment	NOUN
ftr-384	441	9	go	go	VERB
ftr-384	441	10	abroad	abroad	ADV
ftr-384	441	11	in	in	ADP
ftr-384	441	12	a	a	DET
ftr-384	441	13	territorial	territorial	ADJ
ftr-384	441	14	tax	tax	NOUN
ftr-384	441	15	the	the	DET
ftr-384	441	16	relative	relative	ADJ
ftr-384	441	17	substitutability	substitutability	NOUN
ftr-384	441	18	of	of	ADP
ftr-384	441	19	consumption	consumption	NOUN
ftr-384	441	20	for	for	ADP
ftr-384	441	21	savings	saving	NOUN
ftr-384	441	22	and	and	CCONJ
ftr-384	441	23	foreign	foreign	ADJ
ftr-384	441	24	investment	investment	NOUN
ftr-384	441	25	for	for	ADP
ftr-384	441	26	domestic	domestic	ADJ
ftr-384	441	27	investment	investment	NOUN
ftr-384	441	28	,	,	PUNCT
ftr-384	441	29	which	which	PRON
ftr-384	441	30	are	be	AUX
ftr-384	441	31	empirical	empirical	ADJ
ftr-384	441	32	questions	question	NOUN
ftr-384	441	33	.	.	PUNCT
ftr-384	442	1	the	the	DET
ftr-384	442	2	report	report	NOUN
ftr-384	442	3	's	's	PART
ftr-384	442	4	reliance	reliance	NOUN
ftr-384	442	5	on	on	ADP
ftr-384	442	6	the	the	DET
ftr-384	442	7	altshuler	altshuler	NOUN
ftr-384	442	8	-	-	PUNCT
ftr-384	442	9	grubert	grubert	NOUN
ftr-384	442	10	article	article	NOUN
ftr-384	442	11	as	as	ADP
ftr-384	442	12	support	support	NOUN
ftr-384	442	13	for	for	ADP
ftr-384	442	14	its	its	PRON
ftr-384	442	15	conclusion	conclusion	NOUN
ftr-384	442	16	that	that	SCONJ
ftr-384	442	17	a	a	DET
ftr-384	442	18	territorial	territorial	ADJ
ftr-384	442	19	tax	tax	NOUN
ftr-384	442	20	will	will	AUX
ftr-384	442	21	not	not	PART
ftr-384	442	22	increase	increase	VERB
ftr-384	442	23	investment	investment	NOUN
ftr-384	442	24	in	in	ADP
ftr-384	442	25	low	low	ADJ
ftr-384	442	26	-	-	PUNCT
ftr-384	442	27	tax	tax	NOUN
ftr-384	442	28	countries	country	NOUN
ftr-384	442	29	is	be	AUX
ftr-384	442	30	of	of	ADP
ftr-384	442	31	critical	critical	ADJ
ftr-384	442	32	importance	importance	NOUN
ftr-384	442	33	since	since	SCONJ
ftr-384	442	34	it	it	PRON
ftr-384	442	35	goes	go	VERB
ftr-384	442	36	to	to	ADP
ftr-384	442	37	the	the	DET
ftr-384	442	38	heart	heart	NOUN
ftr-384	442	39	of	of	ADP
ftr-384	442	40	the	the	DET
ftr-384	442	41	issue	issue	NOUN
ftr-384	442	42	about	about	ADP
ftr-384	442	43	the	the	DET
ftr-384	442	44	substitutability	substitutability	NOUN
ftr-384	442	45	of	of	ADP
ftr-384	442	46	foreign	foreign	ADJ
ftr-384	442	47	investment	investment	NOUN
ftr-384	442	48	for	for	ADP
ftr-384	442	49	domestic	domestic	ADJ
ftr-384	442	50	investment	investment	NOUN
ftr-384	442	51	.	.	PUNCT
ftr-384	443	1	this	this	DET
ftr-384	443	2	article	article	NOUN
ftr-384	443	3	argues	argue	VERB
ftr-384	443	4	,	,	PUNCT
ftr-384	443	5	however	however	ADV
ftr-384	443	6	,	,	PUNCT
ftr-384	443	7	that	that	SCONJ
ftr-384	443	8	the	the	DET
ftr-384	443	9	report	report	NOUN
ftr-384	443	10	's	's	PART
ftr-384	443	11	reliance	reliance	NOUN
ftr-384	443	12	is	be	AUX
ftr-384	443	13	misplaced	misplace	VERB
ftr-384	443	14	because	because	SCONJ
ftr-384	443	15	altshuler	altshuler	NOUN
ftr-384	443	16	and	and	CCONJ
ftr-384	443	17	grubert	grubert	NOUN
ftr-384	443	18	's	's	PART
ftr-384	443	19	empirical	empirical	ADJ
ftr-384	443	20	results	result	NOUN
ftr-384	443	21	are	be	AUX
ftr-384	443	22	mixed	mixed	ADJ
ftr-384	443	23	.	.	PUNCT
ftr-384	444	1	moreover	moreover	ADV
ftr-384	444	2	,	,	PUNCT
ftr-384	444	3	this	this	DET
ftr-384	444	4	article	article	NOUN
ftr-384	444	5	suggests	suggest	VERB
ftr-384	444	6	that	that	SCONJ
ftr-384	444	7	to	to	PART
ftr-384	444	8	determine	determine	VERB
ftr-384	444	9	the	the	DET
ftr-384	444	10	effects	effect	NOUN
ftr-384	444	11	of	of	ADP
ftr-384	444	12	a	a	DET
ftr-384	444	13	territorial	territorial	ADJ
ftr-384	444	14	tax	tax	NOUN
ftr-384	444	15	,	,	PUNCT
ftr-384	444	16	it	it	PRON
ftr-384	444	17	will	will	AUX
ftr-384	444	18	be	be	AUX
ftr-384	444	19	necessary	necessary	ADJ
ftr-384	444	20	to	to	PART
ftr-384	444	21	expand	expand	VERB
ftr-384	444	22	the	the	DET
ftr-384	444	23	empirical	empirical	ADJ
ftr-384	444	24	inquiry	inquiry	NOUN
ftr-384	444	25	.	.	PUNCT
ftr-384	445	1	altshuler	altshuler	NOUN
ftr-384	445	2	and	and	CCONJ
ftr-384	445	3	grubert	grubert	NOUN
ftr-384	445	4	's	's	PART
ftr-384	445	5	assumption	assumption	NOUN
ftr-384	445	6	that	that	SCONJ
ftr-384	445	7	u.s	u.s	PROPN
ftr-384	445	8	.	.	PROPN
ftr-384	445	9	multinationals	multinational	NOUN
ftr-384	445	10	can	can	AUX
ftr-384	445	11	allocate	allocate	VERB
ftr-384	445	12	75	75	NUM
ftr-384	445	13	%	%	NOUN
ftr-384	445	14	of	of	ADP
ftr-384	445	15	their	their	PRON
ftr-384	445	16	overhead	overhead	ADJ
ftr-384	445	17	expenses	expense	NOUN
ftr-384	445	18	to	to	ADP
ftr-384	445	19	high	high	ADJ
ftr-384	445	20	-	-	PUNCT
ftr-384	445	21	tax	tax	NOUN
ftr-384	445	22	jurisdictions	jurisdiction	NOUN
ftr-384	445	23	,	,	PUNCT
ftr-384	445	24	such	such	ADJ
ftr-384	445	25	as	as	ADP
ftr-384	445	26	the	the	DET
ftr-384	445	27	u.s	u.s	PROPN
ftr-384	445	28	.	.	PROPN
ftr-384	445	29	,	,	PUNCT
ftr-384	445	30	should	should	AUX
ftr-384	445	31	be	be	AUX
ftr-384	445	32	justified	justify	VERB
ftr-384	445	33	and	and	CCONJ
ftr-384	445	34	subjected	subject	VERB
ftr-384	445	35	to	to	ADP
ftr-384	445	36	sensitivity	sensitivity	NOUN
ftr-384	445	37	analysis	analysis	NOUN
ftr-384	445	38	.	.	PUNCT
ftr-384	446	1	in	in	ADP
ftr-384	446	2	addition	addition	NOUN
ftr-384	446	3	,	,	PUNCT
ftr-384	446	4	the	the	DET
ftr-384	446	5	effective	effective	ADJ
ftr-384	446	6	tax	tax	NOUN
ftr-384	446	7	rate	rate	NOUN
ftr-384	446	8	calculations	calculation	NOUN
ftr-384	446	9	should	should	AUX
ftr-384	446	10	also	also	ADV
ftr-384	446	11	determine	determine	VERB
ftr-384	446	12	the	the	DET
ftr-384	446	13	effective	effective	ADJ
ftr-384	446	14	tax	tax	NOUN
ftr-384	446	15	rates	rate	NOUN
ftr-384	446	16	under	under	ADP
ftr-384	446	17	our	our	PRON
ftr-384	446	18	current	current	ADJ
ftr-384	446	19	global	global	ADJ
ftr-384	446	20	system	system	NOUN
ftr-384	446	21	that	that	PRON
ftr-384	446	22	apply	apply	VERB
ftr-384	446	23	to	to	ADP
ftr-384	446	24	corporations	corporation	NOUN
ftr-384	446	25	making	make	VERB
ftr-384	446	26	foreign	foreign	ADJ
ftr-384	446	27	investments	investment	NOUN
ftr-384	446	28	for	for	ADP
ftr-384	446	29	the	the	DET
ftr-384	446	30	first	first	ADJ
ftr-384	446	31	time	time	NOUN
ftr-384	446	32	since	since	SCONJ
ftr-384	446	33	it	it	PRON
ftr-384	446	34	is	be	AUX
ftr-384	446	35	likely	likely	ADJ
ftr-384	446	36	that	that	SCONJ
ftr-384	446	37	such	such	ADJ
ftr-384	446	38	corporations	corporation	NOUN
ftr-384	446	39	face	face	VERB
ftr-384	446	40	a	a	DET
ftr-384	446	41	much	much	ADV
ftr-384	446	42	higher	high	ADJ
ftr-384	446	43	effective	effective	ADJ
ftr-384	446	44	rate	rate	NOUN
ftr-384	446	45	than	than	ADP
ftr-384	446	46	corporations	corporation	NOUN
ftr-384	446	47	that	that	PRON
ftr-384	446	48	already	already	ADV
ftr-384	446	49	have	have	VERB
ftr-384	446	50	significant	significant	ADJ
ftr-384	446	51	fdi	fdi	NOUN
ftr-384	446	52	.	.	PUNCT
ftr-384	447	1	lastly	lastly	ADV
ftr-384	447	2	,	,	PUNCT
ftr-384	447	3	the	the	DET
ftr-384	447	4	dependent	dependent	ADJ
ftr-384	447	5	variable	variable	NOUN
ftr-384	447	6	that	that	PRON
ftr-384	447	7	altshuler	altshuler	NOUN
ftr-384	447	8	and	and	CCONJ
ftr-384	447	9	grubert	grubert	ADJ
ftr-384	447	10	use	use	NOUN
ftr-384	447	11	in	in	ADP
ftr-384	447	12	their	their	PRON
ftr-384	447	13	regression	regression	NOUN
ftr-384	447	14	analysis	analysis	NOUN
ftr-384	447	15	to	to	PART
ftr-384	447	16	predict	predict	VERB
ftr-384	447	17	whether	whether	SCONJ
ftr-384	447	18	it	it	PRON
ftr-384	447	19	is	be	AUX
ftr-384	447	20	more	more	ADV
ftr-384	447	21	likely	likely	ADJ
ftr-384	447	22	that	that	SCONJ
ftr-384	447	23	multinationals	multinational	NOUN
ftr-384	447	24	will	will	AUX
ftr-384	447	25	invest	invest	VERB
ftr-384	447	26	in	in	ADP
ftr-384	447	27	low	low	ADJ
ftr-384	447	28	-	-	PUNCT
ftr-384	447	29	tax	tax	NOUN
ftr-384	447	30	counties	county	NOUN
ftr-384	447	31	than	than	ADP
ftr-384	447	32	in	in	ADP
ftr-384	447	33	high	high	ADJ
ftr-384	447	34	-	-	PUNCT
ftr-384	447	35	tax	tax	NOUN
ftr-384	447	36	countries	country	NOUN
ftr-384	447	37	in	in	ADP
ftr-384	447	38	a	a	DET
ftr-384	447	39	territorial	territorial	ADJ
ftr-384	447	40	system	system	NOUN
ftr-384	447	41	does	do	AUX
ftr-384	447	42	not	not	PART
ftr-384	447	43	provide	provide	VERB
ftr-384	447	44	useful	useful	ADJ
ftr-384	447	45	information	information	NOUN
ftr-384	447	46	because	because	SCONJ
ftr-384	447	47	it	it	PRON
ftr-384	447	48	does	do	AUX
ftr-384	447	49	not	not	PART
ftr-384	447	50	account	account	VERB
ftr-384	447	51	for	for	ADP
ftr-384	447	52	the	the	DET
ftr-384	447	53	magnitude	magnitude	NOUN
ftr-384	447	54	of	of	ADP
ftr-384	447	55	fdi	fdi	NOUN
ftr-384	447	56	by	by	ADP
ftr-384	447	57	u.s	u.s	PROPN
ftr-384	447	58	.	.	PROPN
ftr-384	447	59	multinationals	multinational	NOUN
ftr-384	447	60	.	.	PUNCT
ftr-384	448	1	altshuler	altshuler	NOUN
ftr-384	448	2	and	and	CCONJ
ftr-384	448	3	grubert	grubert	NOUN
ftr-384	448	4	's	's	PART
ftr-384	448	5	dependent	dependent	ADJ
ftr-384	448	6	variable	variable	NOUN
ftr-384	448	7	is	be	AUX
ftr-384	448	8	assigned	assign	VERB
ftr-384	448	9	a	a	DET
ftr-384	448	10	value	value	NOUN
ftr-384	448	11	of	of	ADP
ftr-384	448	12	one	one	NUM
ftr-384	448	13	if	if	SCONJ
ftr-384	448	14	the	the	DET
ftr-384	448	15	multinational	multinational	NOUN
ftr-384	448	16	has	have	VERB
ftr-384	448	17	at	at	ADV
ftr-384	448	18	least	least	ADV
ftr-384	448	19	one	one	NUM
ftr-384	448	20	subsidiary	subsidiary	NOUN
ftr-384	448	21	in	in	ADP
ftr-384	448	22	a	a	DET
ftr-384	448	23	particular	particular	ADJ
ftr-384	448	24	country	country	NOUN
ftr-384	448	25	and	and	CCONJ
ftr-384	448	26	a	a	DET
ftr-384	448	27	value	value	NOUN
ftr-384	448	28	of	of	ADP
ftr-384	448	29	zero	zero	NUM
ftr-384	448	30	if	if	SCONJ
ftr-384	448	31	the	the	DET
ftr-384	448	32	multinational	multinational	NOUN
ftr-384	448	33	has	have	VERB
ftr-384	448	34	none	none	NOUN
ftr-384	448	35	in	in	ADP
ftr-384	448	36	that	that	DET
ftr-384	448	37	country	country	NOUN
ftr-384	448	38	.	.	PUNCT
ftr-384	449	1	this	this	PRON
ftr-384	449	2	does	do	AUX
ftr-384	449	3	not	not	PART
ftr-384	449	4	reflect	reflect	VERB
ftr-384	449	5	the	the	DET
ftr-384	449	6	amount	amount	NOUN
ftr-384	449	7	of	of	ADP
ftr-384	449	8	investment	investment	NOUN
ftr-384	449	9	the	the	DET
ftr-384	449	10	multinational	multinational	NOUN
ftr-384	449	11	has	have	AUX
ftr-384	449	12	made	make	VERB
ftr-384	449	13	in	in	ADP
ftr-384	449	14	those	those	DET
ftr-384	449	15	jurisdictions	jurisdiction	NOUN
ftr-384	449	16	,	,	PUNCT
ftr-384	449	17	but	but	CCONJ
ftr-384	449	18	only	only	ADV
ftr-384	449	19	reflects	reflect	VERB
ftr-384	449	20	that	that	SCONJ
ftr-384	449	21	the	the	DET
ftr-384	449	22	multinational	multinational	NOUN
ftr-384	449	23	had	have	VERB
ftr-384	449	24	at	at	ADV
ftr-384	449	25	least	least	ADV
ftr-384	449	26	one	one	NUM
ftr-384	449	27	subsidiary	subsidiary	NOUN
ftr-384	449	28	there	there	ADV
ftr-384	449	29	.	.	PUNCT
ftr-384	450	1	testing	test	VERB
ftr-384	450	2	to	to	PART
ftr-384	450	3	see	see	VERB
ftr-384	450	4	whether	whether	SCONJ
ftr-384	450	5	it	it	PRON
ftr-384	450	6	is	be	AUX
ftr-384	450	7	more	more	ADV
ftr-384	450	8	probable	probable	ADJ
ftr-384	450	9	that	that	SCONJ
ftr-384	450	10	a	a	DET
ftr-384	450	11	multinational	multinational	NOUN
ftr-384	450	12	will	will	AUX
ftr-384	450	13	invest	invest	VERB
ftr-384	450	14	in	in	ADP
ftr-384	450	15	low	low	ADJ
ftr-384	450	16	-	-	PUNCT
ftr-384	450	17	tax	tax	NOUN
ftr-384	450	18	jurisdictions	jurisdiction	NOUN
ftr-384	450	19	than	than	ADP
ftr-384	450	20	in	in	ADP
ftr-384	450	21	high	high	ADJ
ftr-384	450	22	-	-	PUNCT
ftr-384	450	23	tax	tax	NOUN
ftr-384	450	24	jurisdictions	jurisdiction	NOUN
ftr-384	450	25	by	by	ADP
ftr-384	450	26	observing	observe	VERB
ftr-384	450	27	whether	whether	SCONJ
ftr-384	450	28	the	the	DET
ftr-384	450	29	multinational	multinational	NOUN
ftr-384	450	30	has	have	VERB
ftr-384	450	31	at	at	ADV
ftr-384	450	32	least	least	ADV
ftr-384	450	33	one	one	NUM
ftr-384	450	34	subsidiary	subsidiary	NOUN
ftr-384	450	35	in	in	ADP
ftr-384	450	36	each	each	DET
ftr-384	450	37	such	such	ADJ
ftr-384	450	38	jurisdiction	jurisdiction	NOUN
ftr-384	450	39	does	do	AUX
ftr-384	450	40	not	not	PART
ftr-384	450	41	inform	inform	VERB
ftr-384	450	42	about	about	ADP
ftr-384	450	43	the	the	DET
ftr-384	450	44	relative	relative	ADJ
ftr-384	450	45	amounts	amount	NOUN
ftr-384	450	46	of	of	ADP
ftr-384	450	47	investment	investment	NOUN
ftr-384	450	48	since	since	SCONJ
ftr-384	450	49	the	the	DET
ftr-384	450	50	subsidiaries	subsidiary	NOUN
ftr-384	450	51	might	might	AUX
ftr-384	450	52	represent	represent	VERB
ftr-384	450	53	an	an	DET
ftr-384	450	54	investment	investment	NOUN
ftr-384	450	55	of	of	ADP
ftr-384	450	56	one	one	NUM
ftr-384	450	57	billion	billion	NUM
ftr-384	450	58	dollars	dollar	NOUN
ftr-384	450	59	or	or	CCONJ
ftr-384	450	60	one	one	NUM
ftr-384	450	61	thousand	thousand	NUM
ftr-384	450	62	dollars	dollar	NOUN
ftr-384	450	63	.	.	PUNCT
ftr-384	451	1	the	the	DET
ftr-384	451	2	result	result	NOUN
ftr-384	451	3	is	be	AUX
ftr-384	451	4	that	that	SCONJ
ftr-384	451	5	we	we	PRON
ftr-384	451	6	face	face	VERB
ftr-384	451	7	many	many	ADJ
ftr-384	451	8	uncertainties	uncertainty	NOUN
ftr-384	451	9	in	in	ADP
ftr-384	451	10	regard	regard	NOUN
ftr-384	451	11	to	to	ADP
ftr-384	451	12	the	the	DET
ftr-384	451	13	effect	effect	NOUN
ftr-384	451	14	of	of	ADP
ftr-384	451	15	a	a	DET
ftr-384	451	16	territorial	territorial	ADJ
ftr-384	451	17	system	system	NOUN
ftr-384	451	18	.	.	PUNCT
ftr-384	452	1	we	we	PRON
ftr-384	452	2	do	do	AUX
ftr-384	452	3	not	not	PART
ftr-384	452	4	have	have	VERB
ftr-384	452	5	sufficient	sufficient	ADJ
ftr-384	452	6	information	information	NOUN
ftr-384	452	7	about	about	ADP
ftr-384	452	8	the	the	DET
ftr-384	452	9	impact	impact	NOUN
ftr-384	452	10	of	of	ADP
ftr-384	452	11	a	a	DET
ftr-384	452	12	territorial	territorial	ADJ
ftr-384	452	13	tax	tax	NOUN
ftr-384	452	14	on	on	ADP
ftr-384	452	15	foreign	foreign	ADJ
ftr-384	452	16	investment	investment	NOUN
ftr-384	452	17	.	.	PUNCT
ftr-384	453	1	contrary	contrary	ADJ
ftr-384	453	2	to	to	ADP
ftr-384	453	3	the	the	DET
ftr-384	453	4	report	report	NOUN
ftr-384	453	5	's	's	PART
ftr-384	453	6	conclusion	conclusion	NOUN
ftr-384	453	7	,	,	PUNCT
ftr-384	453	8	the	the	DET
ftr-384	453	9	altshuler	altshuler	NOUN
ftr-384	453	10	-	-	PUNCT
ftr-384	453	11	grubert	grubert	NOUN
ftr-384	453	12	article	article	NOUN
ftr-384	453	13	does	do	AUX
ftr-384	453	14	not	not	PART
ftr-384	453	15	support	support	VERB
ftr-384	453	16	the	the	DET
ftr-384	453	17	conclusion	conclusion	NOUN
ftr-384	453	18	that	that	SCONJ
ftr-384	453	19	a	a	DET
ftr-384	453	20	territorial	territorial	ADJ
ftr-384	453	21	tax	tax	NOUN
ftr-384	453	22	will	will	AUX
ftr-384	453	23	not	not	PART
ftr-384	453	24	increase	increase	VERB
ftr-384	453	25	foreign	foreign	ADJ
ftr-384	453	26	investment	investment	NOUN
ftr-384	453	27	.	.	PUNCT
ftr-384	454	1	indeed	indeed	ADV
ftr-384	454	2	,	,	PUNCT
ftr-384	454	3	theory	theory	NOUN
ftr-384	454	4	predicts	predict	VERB
ftr-384	454	5	that	that	SCONJ
ftr-384	454	6	a	a	DET
ftr-384	454	7	territorial	territorial	ADJ
ftr-384	454	8	tax	tax	NOUN
ftr-384	454	9	will	will	AUX
ftr-384	454	10	increase	increase	VERB
ftr-384	454	11	the	the	DET
ftr-384	454	12	incentive	incentive	NOUN
ftr-384	454	13	for	for	ADP
ftr-384	454	14	u.s	u.s	PROPN
ftr-384	454	15	.	.	PROPN
ftr-384	454	16	multinationals	multinational	NOUN
ftr-384	454	17	and	and	CCONJ
ftr-384	454	18	for	for	ADP
ftr-384	454	19	firms	firm	NOUN
ftr-384	454	20	with	with	ADP
ftr-384	454	21	no	no	DET
ftr-384	454	22	prior	prior	ADJ
ftr-384	454	23	foreign	foreign	ADJ
ftr-384	454	24	investment	investment	NOUN
ftr-384	454	25	to	to	PART
ftr-384	454	26	increase	increase	VERB
ftr-384	454	27	capital	capital	NOUN
ftr-384	454	28	transfers	transfer	NOUN
ftr-384	454	29	to	to	ADP
ftr-384	454	30	foreign	foreign	ADJ
ftr-384	454	31	subsidiaries	subsidiary	NOUN
ftr-384	454	32	in	in	ADP
ftr-384	454	33	low	low	ADJ
ftr-384	454	34	-	-	PUNCT
ftr-384	454	35	tax	tax	NOUN
ftr-384	454	36	countries	country	NOUN
ftr-384	454	37	.	.	PUNCT
ftr-384	455	1	we	we	PRON
ftr-384	455	2	also	also	ADV
ftr-384	455	3	lack	lack	VERB
ftr-384	455	4	information	information	NOUN
ftr-384	455	5	about	about	ADP
ftr-384	455	6	the	the	DET
ftr-384	455	7	impact	impact	NOUN
ftr-384	455	8	of	of	ADP
ftr-384	455	9	fdi	fdi	NOUN
ftr-384	455	10	on	on	ADP
ftr-384	455	11	domestic	domestic	ADJ
ftr-384	455	12	investment	investment	NOUN
ftr-384	455	13	.	.	PUNCT
ftr-384	456	1	all	all	DET
ftr-384	456	2	this	this	DET
ftr-384	456	3	missing	miss	VERB
ftr-384	456	4	information	information	NOUN
ftr-384	456	5	seriously	seriously	ADV
ftr-384	456	6	compromises	compromise	VERB
ftr-384	456	7	the	the	DET
ftr-384	456	8	report	report	NOUN
ftr-384	456	9	's	's	PART
ftr-384	456	10	conclusion	conclusion	NOUN
ftr-384	456	11	that	that	SCONJ
ftr-384	456	12	a	a	DET
ftr-384	456	13	territorial	territorial	ADJ
ftr-384	456	14	tax	tax	NOUN
ftr-384	456	15	will	will	AUX
ftr-384	456	16	not	not	PART
ftr-384	456	17	harm	harm	VERB
ftr-384	456	18	u.s	u.s	PROPN
ftr-384	456	19	.	.	PROPN
ftr-384	456	20	welfare	welfare	NOUN
ftr-384	456	21	because	because	SCONJ
ftr-384	456	22	it	it	PRON
ftr-384	456	23	prevents	prevent	VERB
ftr-384	456	24	us	we	PRON
ftr-384	456	25	from	from	ADP
ftr-384	456	26	determining	determine	VERB
ftr-384	456	27	the	the	DET
ftr-384	456	28	increase	increase	NOUN
ftr-384	456	29	in	in	ADP
ftr-384	456	30	excess	excess	ADJ
ftr-384	456	31	burden	burden	NOUN
ftr-384	456	32	that	that	PRON
ftr-384	456	33	such	such	DET
ftr-384	456	34	a	a	DET
ftr-384	456	35	tax	tax	NOUN
ftr-384	456	36	will	will	AUX
ftr-384	456	37	impose	impose	VERB
ftr-384	456	38	on	on	ADP
ftr-384	456	39	domestic	domestic	ADJ
ftr-384	456	40	investment	investment	NOUN
ftr-384	456	41	.	.	PUNCT
ftr-384	457	1	2007	2007	NUM
ftr-384	457	2	]	]	PUNCT
ftr-384	457	3	florida	florida	PROPN
ftr-384	457	4	tax	tax	PROPN
ftr-384	457	5	review	review	NOUN
ftr-384	457	6	the	the	DET
ftr-384	457	7	territorial	territorial	ADJ
ftr-384	457	8	tax	tax	NOUN
ftr-384	457	9	proposal	proposal	NOUN
ftr-384	457	10	represents	represent	VERB
ftr-384	457	11	a	a	DET
ftr-384	457	12	significant	significant	ADJ
ftr-384	457	13	variance	variance	NOUN
ftr-384	457	14	from	from	ADP
ftr-384	457	15	the	the	DET
ftr-384	457	16	norm	norm	NOUN
ftr-384	457	17	governing	govern	VERB
ftr-384	457	18	the	the	DET
ftr-384	457	19	u.s	u.s	PROPN
ftr-384	457	20	.	.	PROPN
ftr-384	457	21	tax	tax	NOUN
ftr-384	457	22	system	system	NOUN
ftr-384	457	23	that	that	PRON
ftr-384	457	24	all	all	DET
ftr-384	457	25	income	income	NOUN
ftr-384	457	26	should	should	AUX
ftr-384	457	27	be	be	AUX
ftr-384	457	28	taxed.83	taxed.83	ADV
ftr-384	457	29	such	such	DET
ftr-384	457	30	a	a	DET
ftr-384	457	31	variance	variance	NOUN
ftr-384	457	32	should	should	AUX
ftr-384	457	33	be	be	AUX
ftr-384	457	34	justified	justify	VERB
ftr-384	457	35	only	only	ADV
ftr-384	457	36	where	where	SCONJ
ftr-384	457	37	it	it	PRON
ftr-384	457	38	can	can	AUX
ftr-384	457	39	be	be	AUX
ftr-384	457	40	shown	show	VERB
ftr-384	457	41	that	that	SCONJ
ftr-384	457	42	the	the	DET
ftr-384	457	43	benefits	benefit	NOUN
ftr-384	457	44	outweigh	outweigh	VERB
ftr-384	457	45	the	the	DET
ftr-384	457	46	costs	cost	NOUN
ftr-384	457	47	.	.	PUNCT
ftr-384	458	1	given	give	VERB
ftr-384	458	2	professor	professor	PROPN
ftr-384	458	3	mcdaniel	mcdaniel	PROPN
ftr-384	458	4	's	's	PART
ftr-384	458	5	findings	finding	NOUN
ftr-384	458	6	that	that	SCONJ
ftr-384	458	7	a	a	DET
ftr-384	458	8	territorial	territorial	ADJ
ftr-384	458	9	tax	tax	NOUN
ftr-384	458	10	would	would	AUX
ftr-384	458	11	not	not	PART
ftr-384	458	12	be	be	AUX
ftr-384	458	13	simpler	simple	ADJ
ftr-384	458	14	than	than	ADP
ftr-384	458	15	a	a	DET
ftr-384	458	16	global	global	ADJ
ftr-384	458	17	tax	tax	NOUN
ftr-384	458	18	,	,	PUNCT
ftr-384	458	19	and	and	CCONJ
ftr-384	458	20	this	this	DET
ftr-384	458	21	article	article	NOUN
ftr-384	458	22	's	's	PART
ftr-384	458	23	analysis	analysis	NOUN
ftr-384	458	24	of	of	ADP
ftr-384	458	25	the	the	DET
ftr-384	458	26	efficiency	efficiency	NOUN
ftr-384	458	27	effects	effect	NOUN
ftr-384	458	28	of	of	ADP
ftr-384	458	29	the	the	DET
ftr-384	458	30	proposed	propose	VERB
ftr-384	458	31	tax	tax	NOUN
ftr-384	458	32	,	,	PUNCT
ftr-384	458	33	the	the	DET
ftr-384	458	34	report	report	NOUN
ftr-384	458	35	has	have	AUX
ftr-384	458	36	not	not	PART
ftr-384	458	37	made	make	VERB
ftr-384	458	38	a	a	DET
ftr-384	458	39	case	case	NOUN
ftr-384	458	40	for	for	ADP
ftr-384	458	41	a	a	DET
ftr-384	458	42	territorial	territorial	ADJ
ftr-384	458	43	tax	tax	NOUN
ftr-384	458	44	.	.	PUNCT
ftr-384	459	1	83	83	NUM
ftr-384	459	2	.	.	PUNCT
ftr-384	460	1	see	see	VERB
ftr-384	460	2	michael	michael	PROPN
ftr-384	460	3	j.	j.	PROPN
ftr-384	460	4	mcintyre	mcintyre	PROPN
ftr-384	460	5	,	,	PUNCT
ftr-384	460	6	guidelines	guideline	NOUN
ftr-384	460	7	for	for	ADP
ftr-384	460	8	taxing	tax	VERB
ftr-384	460	9	international	international	ADJ
ftr-384	460	10	capital	capital	NOUN
ftr-384	460	11	flows	flow	VERB
ftr-384	460	12	:	:	PUNCT
ftr-384	461	1	the	the	DET
ftr-384	461	2	legal	legal	ADJ
ftr-384	461	3	perspective	perspective	NOUN
ftr-384	461	4	,	,	PUNCT
ftr-384	461	5	46	46	NUM
ftr-384	461	6	nat'l	nat'l	PROPN
ftr-384	461	7	tax	tax	NOUN
ftr-384	461	8	j.	j.	PROPN
ftr-384	461	9	315	315	NUM
ftr-384	461	10	,	,	PUNCT
ftr-384	461	11	321	321	NUM
ftr-384	461	12	(	(	PUNCT
ftr-384	461	13	1993	1993	NUM
ftr-384	461	14	)	)	PUNCT
ftr-384	461	15	(	(	PUNCT
ftr-384	461	16	an	an	DET
ftr-384	461	17	exemption	exemption	NOUN
ftr-384	461	18	system	system	NOUN
ftr-384	461	19	is	be	AUX
ftr-384	461	20	in	in	ADP
ftr-384	461	21	effect	effect	NOUN
ftr-384	461	22	a	a	DET
ftr-384	461	23	spending	spending	NOUN
ftr-384	461	24	provision	provision	NOUN
ftr-384	461	25	)	)	PUNCT
ftr-384	461	26	;	;	PUNCT
ftr-384	461	27	fleming	fleming	NOUN
ftr-384	461	28	,	,	PUNCT
ftr-384	461	29	peroni	peroni	PROPN
ftr-384	461	30	&	&	CCONJ
ftr-384	461	31	shay	shay	PROPN
ftr-384	461	32	,	,	PUNCT
ftr-384	461	33	supra	supra	PROPN
ftr-384	461	34	note	note	VERB
ftr-384	461	35	15	15	NUM
ftr-384	461	36	at	at	ADP
ftr-384	461	37	344	344	NUM
ftr-384	461	38	-	-	SYM
ftr-384	461	39	46	46	NUM
ftr-384	461	40	(	(	PUNCT
ftr-384	461	41	arguing	argue	VERB
ftr-384	461	42	that	that	SCONJ
ftr-384	461	43	deferral	deferral	NOUN
ftr-384	461	44	of	of	ADP
ftr-384	461	45	foreign	foreign	ADJ
ftr-384	461	46	income	income	NOUN
ftr-384	461	47	or	or	CCONJ
ftr-384	461	48	an	an	DET
ftr-384	461	49	exemption	exemption	NOUN
ftr-384	461	50	of	of	ADP
ftr-384	461	51	foreign	foreign	ADJ
ftr-384	461	52	income	income	NOUN
ftr-384	461	53	is	be	AUX
ftr-384	461	54	a	a	DET
ftr-384	461	55	tax	tax	NOUN
ftr-384	461	56	expenditure	expenditure	NOUN
ftr-384	461	57	because	because	SCONJ
ftr-384	461	58	it	it	PRON
ftr-384	461	59	is	be	AUX
ftr-384	461	60	a	a	DET
ftr-384	461	61	departure	departure	NOUN
ftr-384	461	62	from	from	ADP
ftr-384	461	63	the	the	DET
ftr-384	461	64	norm	norm	NOUN
ftr-384	461	65	of	of	ADP
ftr-384	461	66	taxing	tax	VERB
ftr-384	461	67	income	income	NOUN
ftr-384	461	68	and	and	CCONJ
ftr-384	461	69	that	that	SCONJ
ftr-384	461	70	such	such	ADJ
ftr-384	461	71	departure	departure	NOUN
ftr-384	461	72	needs	need	VERB
ftr-384	461	73	to	to	PART
ftr-384	461	74	be	be	AUX
ftr-384	461	75	justified	justify	VERB
ftr-384	461	76	)	)	PUNCT
ftr-384	461	77	.	.	PUNCT
ftr-384	462	1	[	[	X
ftr-384	462	2	vol	vol	NOUN
ftr-384	462	3	.	.	PUNCT
ftr-384	462	4	8:3	8:3	NUM