Is Foreign Direct Investment Effective From The Perspective Of Tax Avoidance? An Analysis Of Tax Avoidance Through The International Transfer Pricing Behaviors Of Korean Corporations

This study examines whether multinational companies carry out tax avoidance through subsidiaries. An empirical analysis was conducted of 4,585 Korean firms from 2001 to 2010 by company and year. The results are as follows. First, MNCs that have become more internationally diversified through the establishment of overseas subsidiaries generally show a higher tendency to avoid tax. Thus, the analysis results show a positive correlation between globally diversified MNCs and corporate tax avoidance. This correlation is established due to the firms' active use of tax strategies (investment tax credits, tax cuts) applicable to the various countries in which they have expanded their businesses. Second, the analysis results showed that these firms actively avoided tax with overseas transfer pricing behaviors when compared to companies without overseas subsidiaries. Thus, the adjustment of sales prices and purchase value through actual transactions increased the propensity of the parent company to avoid tax.

Nano-mechanical behavior of ultra-stable amorphous metallic thin films

Metallic glass has amorphous structure that behave mechanically like solids but show catastrophic failure due to shear band propagation induced by short range order structure, and they are generally produced by quenching. Recently, it is observed that the slower cooling rate provides the larger time available for atoms to rearrange structure before freezing in glassy state, leading to glass transition temperature and thermal stability. These glasses with enhanced thermal stability synthesized by controlled cooling rate make it useful in various field such as mechanical or oxidation protection material. However, mechanical behavior for metallic glass with extraordinary thermodynamic and kinetic stability has not been studied. In this research, we developed a ultrastable metallic glass thin film by physical vapor deposition process at ambient temperature. Thermal stability is investigated using acceleration testing. Mechanical properties are measured using in-situ tensile testing and discuss thermal stability and fracture behavior dependent on compositio

A Comparative Study on the Impact of the Capabilities of Manufacturing and Service Firms on Export Performance: Focusing on the Interaction Effect of R&D

128–131This paper empirically examined the impact of firm capabilities and the interaction effect of R&D on the export performance of service firms in comparison with manufacturing firms. To this end, a total of 1,968 Korean firms were analyzed: 243 from service and 1,725 from manufacturing, and two-stage analysis was performed using multiple regression and hierarchical regression analysis. This research confirmed that network and customer capabilities played critical roles in the internationalization of service firms and R&D positively interacted with entrepreneurship and customer capabilities for export performance. These findings suggest valuable policy considerations for government trade policy and academic motivation for further research on the capabilities and R&D of service firms

Replica Higher-Order Topology of Hofstadter Butterflies in Twisted Bilayer Graphene

The Hofstadter energy spectrum of twisted bilayer graphene is found to have recursive higher-order topological properties. We demonstrate that higher-order topological insulator (HOTI) phases, characterized by localized corner states, occur as replicas of the original HOTIs to fulfill the self-similarity of the Hofstadter spectrum. We show the existence of the exact flux translational symmetry of twisted bilayer graphene at all commensurate angles. Based on this result, we carefully identify that the original HOTI phase at zero flux is re-entrant at a half-flux periodicity, where the effective twofold rotation is preserved. In addition, numerous replicas of the original HOTIs are found for fluxes without protecting symmetries. Similar to the original HOTIs, replica HOTIs feature both localized corner states and edge-localized real-space topological markers. The replica HOTIs originate from the different interaction scales, namely, intralayer and interlayer couplings, in twisted bilayer graphene. The topological aspect of Hofstadter butterflies revealed in our results highlights symmetry-protected topology in quantum fractals.Comment: 6 pages, 4 figures + Supplemental Materia

Oscillation Control Algorithms for Resonant Sensors with Applications to Vibratory Gyroscopes

We present two oscillation control algorithms for resonant sensors such as vibratory gyroscopes. One control algorithm tracks the resonant frequency of the resonator and the other algorithm tunes it to the specified resonant frequency by altering the resonator dynamics. Both algorithms maintain the specified amplitude of oscillations. The stability of each of the control systems is analyzed using the averaging method, and quantitative guidelines are given for selecting the control gains needed to achieve stability. The effects of displacement measurement noise on the accuracy of tracking and estimation of the resonant frequency are also analyzed. The proposed control algorithms are applied to two important problems in a vibratory gyroscope. The first is the leading-following resonator problem in the drive axis of MEMS dual-mass vibratory gyroscope where there is no mechanical linkage between the two proof-masses and the second is the on-line modal frequency matching problem in a general vibratory gyroscope. Simulation results demonstrate that the proposed control algorithms are effective. They ensure the proof-masses to oscillate in an anti-phase manner with the same resonant frequency and oscillation amplitude in a dual-mass gyroscope, and two modal frequencies to match in a general vibratory gyroscope

Development of the MICROMEGAS Detector for Measuring the Energy Spectrum of Alpha Particles by using a 241-Am Source

We have developed MICROMEGAS (MICRO MEsh GASeous) detectors for detecting {\alpha} particles emitted from an 241-Am standard source. The voltage applied to the ionization region of the detector is optimized for stable operation at room temperature and atmospheric pressure. The energy of {\alpha} particles from the 241-Am source can be varied by changing the flight path of the {\alpha} particle from the 241 Am source. The channel numbers of the experimentally-measured pulse peak positions for different energies of the {\alpha} particles are associated with the energies deposited by the alpha particles in the ionization region of the detector as calculated by using GEANT4 simulations; thus, the energy calibration of the MICROMEGAS detector for {\alpha} particles is done. For the energy calibration, the thickness of the ionization region is adjusted so that {\alpha} particles may completely stop in the ionization region and their kinetic energies are fully deposited in the region. The efficiency of our MICROMEGAS detector for {\alpha} particles under the present conditions is found to be ~ 97.3 %