POLICY ASPECTS OF INTERNATIONAL CAPITAL FLOWS IN RELATION TO U.S. AGRICULTURE

Agricultural and Food Policy,

A new species of Paraberrapex Jensen, 2001 (Cestoda: Lecanicephalidea) from Squatina guggenheim Marini (Squatiniformes: Squatinidae) off Argentina

Paraberrapex atlanticus sp. n. (Cestoda, Lecanicephalidea) is described from the spiral intestine of the angel shark Squatina guggenheim Marini from coastal waters off Buenos Aires Province, Argentina. Paraberrapex atlanticus sp. n. can be distinguished from the only species described in the genus, P. manifestus Jensen, 2001 in having cocoons 5?6 times longer with more eggs per cocoon, the extension of the uterine duct, the distribution of vitelline follicles, and the size and density of microtriches on the bothridial surfaces. The presence of P. atlanticus sp. n. in S. guggenheim confirms the specificity of Paraberrapex Jensen, 2001 for squatiniform sharks.Fil: Mutti, Leonardo Damián. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Ciudad Universitaria. Instituto de Biodiversidad y Biología Experimental y Aplicada. Universidad de Buenos Aires. Facultad de Ciencias Exactas y Naturales. Instituto de Biodiversidad y Biología Experimental y Aplicada; ArgentinaFil: Ivanov, Veronica Adriana. Consejo Nacional de Investigaciones Científicas y Técnicas. Oficina de Coordinación Administrativa Ciudad Universitaria. Instituto de Biodiversidad y Biología Experimental y Aplicada. Universidad de Buenos Aires. Facultad de Ciencias Exactas y Naturales. Instituto de Biodiversidad y Biología Experimental y Aplicada; Argentin

The Effect of Taxes on Royalties and the Migration of Intangible Assets Abroad

Migration of intangible assets from the United States to foreign countries has become easier due to the ability of U.S. firms to create hybrid entities in their affiliates abroad and to reach favorable cost sharing agreements with them. This strategy was particularly encouraged by the U.S. adoption of "check-the-box" regulations in 1997. Rather than receive royalties from affiliates abroad, US parent firms have an incentive to retain abroad in low-tax countries a greater share of the return to their US R&D. Evidence from several sources for years that span the 1997 policy change indicate a significant response by US corporations in utilizing this strategy. BEA data indicate affiliate earnings and profits grew more rapidly than royalty payments to US parents. Payments to U.S. parents for technical services rose even faster, as would be called for under cost sharing agreements. Regression analysis of affiliate data shows that parent R&D was a more important determinant of royalty payments to U.S. parents than it was for affiliate earnings and profits in 1996, but by 2002 it played a larger role in earnings and profits than in royalties. Cost sharing payments from affiliates in Ireland and from pure tax havens (Bermuda, the Cayman Islands, and Luxembourg) are particularly significant, both economically and statistically.