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Optimal policies against profit shifting : the role of controlled-foreign-company rules

Haufler, Andreas; Mardan, Mohammed; Schindler, Dirk - 2016

By introducing controlled-foreign-company (CFC) rules, the parent country of a multinational firm reserves the right to tax the income of the firm's foreign affiliates if the tax rate in the affiliate's host country is below a specified threshold. We identify the conditions under which binding...

Persistent link: https://www.econbiz.de/10011451112

Transfer pricing manipulation, tax penalty cost and the impact of foreign profit taxation

Rathke, Alex Augusto Timm - 2015

This paper analyzes the optimal level of transfer pricing manipulation when the expected tax penalty is a function of the tax enforcement and the market price parameter, and the multinational enterprise is subjected to distinct rules of foreign profit taxation. The application of the arm's...

Persistent link: https://www.econbiz.de/10011450592

Impact of controlled foreign corporation rules on post-acquisition investment and profit shifting in targets

Hagen, Dominik von; Harendt, Christoph - 2017

We investigate real investment, financial revenues and profits in formerly domestic firms once they enter a multinational entity (MNE) through an acquisition. We argue that following the acquisition, those targets are tax-optimized in a profit shifting context if they are acquired by MNEs with...

Persistent link: https://www.econbiz.de/10011756005

Global firms, national corporate taxes : an evolution of incompatibility

Hebous, Shafik - 2020

How did the rise of multinational enterprises (MNEs) put pressure on the prevailing international corporate tax framework? MNEs, and firms with market power, are not new phenomena, nor is the corporate income tax, which dates to the early 20th century. This prompts the question, what is...

Persistent link: https://www.econbiz.de/10012288036

Profit shifting and industrial heterogeneity

Barrios Cobos, Salvador; D'Andria, Diego - 2016

Base erosion and profit shifting (BEPS) undermines tax revenues collection and raises public discontent in times when the tax burden has increased significantly for households in most developed economies. In addition, new forms of profit shifting related to intangible investment have emerged...

Persistent link: https://www.econbiz.de/10011981991

Global profit shifting of multinational companies : evidence from CbCR micro data

Fuest, Clemens; Greil, Stefan; Hugger, Felix Sebastian; … - 2022

This paper uses micro data from country-by-country reporting of more than 3600 large multinational companies operating in 238 jurisdictions to analyze global profit shifting to avoid taxes. These companies report 7% of their global profits in jurisdictions with effective average tax rates below...

Persistent link: https://www.econbiz.de/10013202392

Corporate profit shifting and the role of tax havens : evidence from German country-by-country reporting data

Fuest, Clemens; Hugger, Felix; Neumeier, Florian - 2021

for multinationals exceeding a certain revenue threshold. We show that 82% of the German multinationals subject to CbC …, only 9% of the global profits of German multinationals are reported in tax havens. Results from regression analysis suggest … annual tax base loss for Germany amounts to EUR 5.4 billion. Adding estimates of profit shifting by multinationals not …

Persistent link: https://www.econbiz.de/10012417748

Profit shifting of multinational corporations in the European Union: evidence and policy reforms

Janský, Petr - 2021

Profit shifting of multinational corporations (MNCs) negatively affects citizens, governments as well as other companies in the European Union. This consensus seems to be emerging in spite of the fact that the phenomenon of profit shifting is unobservable directly and therefore only indirect and...

Persistent link: https://www.econbiz.de/10012697533

Profit shifting of multinational corporations worldwide

Garcia-Bernardo, Javier; Janský, Petr - 2021

We exploit the new multinational corporations' country-by-country reporting datawith unparalleled country coverage to study profit shifting to tax havens. We showthat a logarithmic function is preferable to linear and quadratic ones for modelling the extremely non-linear relationship between...

Persistent link: https://www.econbiz.de/10012542275

Profit shifting of multinational corporations worldwide

Garcia-Bernardo, Javier; Janský, Petr - 2023 - Revised version: December 2023

We exploit the new country-by-country reporting data of multinational corporations, with unparalleled country coverage, to reveal the distributional consequences of profit shifting. We estimate that multinational corporations worldwide shifted over $ 850 billion in profits in 2017, primarily to...

Persistent link: https://www.econbiz.de/10014444756

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