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Corporate Profit Shifting and the Role of Tax Havens : Evidence from German Country-by-Country Reporting Data

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

annual tax base loss for Germany amounts to EUR 5.4 billion. Adding estimates of profit shifting by multinationals not … covered by the CbC data yields an overall estimate for profits shifted out of Germany to tax havens of EUR 19.1 billion per … year, corresponding to 4.3% of the profits reported by these firms in Germany. This implies a tax revenue loss due to …

Persistent link: https://www.econbiz.de/10013250044

Quality versus quantity: the composition effect of corporate taxation on foreign direct investment

Becker, Johannes; Fuest, Clemens - 2007

This paper studies corporate taxation in a model where foreign investment of firms may affect the profitability of the investor firm's domestic activities. In this framework, corporate taxes distort the quality, not just the quantity of foreign direct investment flows. High-tax countries may see...

Persistent link: https://www.econbiz.de/10010264233

Quality Versus Quantity - The Composition Effect of Corporate Taxation on Foreign Direct Investment

Becker, Johannes; Fuest, Clemens - 2021

Persistent link: https://www.econbiz.de/10013316809

Corporate tax policy and international mergers and acquisitions: is the tax exemption system superior

Becker, Johannes; Fuest, Clemens - 2007

In this paper we ask whether recent claims that the US government should switch from the tax credit system to the exemption system are justified. We study corporate taxation in a model where international capital flows are either greenfield investment projects or acquisitions of existing firms,...

Persistent link: https://www.econbiz.de/10010264048

Tax competition: greenfield investment versus mergers and acquisitions

Becker, Johannes; Fuest, Clemens - 2008

In this paper, we analyze tax competition in a model where investor firms have the choice between two types of investment, greenfield investment and mergers and acquisitions. We show that the coexistence of these two types of investment intensifies tax competition in comparison to the case where...

Persistent link: https://www.econbiz.de/10010264323

Source versus residence based taxation with international mergers and acquisitions

Becker, Johannes; Fuest, Clemens - 2009

This paper analyses tax competition and tax coordination in a model where capital flows occur in the form of mergers and acquisitions, rather than greenfield investment. In this framework, we show that differences in residence based taxes do not necessarily distort international ownership...

Persistent link: https://www.econbiz.de/10010273808

Global Profit Shifting of Multinational Companies: Evidence from CbCR Micro Data

Fuest, Clemens; Greil, Stefan; Hugger, Felix; Neumeier, … - 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/10013353369

The Taxation of Foreign Profits: A Unified View

Devereux, Michael P.; Fuest, Clemens; Lockwood, Benjamin - 2015

This paper synthesizes and extends the literature on the taxation of foreign source income in a framework that covers both greenfield and acquisition investment, and a general constraint linking investment at home and abroad for the multinational by introducing a cost of adjustment for the...

Persistent link: https://www.econbiz.de/10010500392

Corporate Profit Shifting and the Role of Tax Havens: Evidence from German Country-By-Country Reporting Data

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

Persistent link: https://www.econbiz.de/10012492984

Global Profit Shifting of Multinational Companies : Evidence from CbCR Micro Data

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

Persistent link: https://www.econbiz.de/10014083323