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Do Multinational Firms Use Tax Havens to the Detriment of Other Countries?
Dharmapala, Dhammika - 2020
The use of tax havens by multinational corporations (MNCs) has attracted increasing attention and scrutiny in recent years. This paper provides an exposition of the academic literature on this topic. It begins with an overview of the basic facts regarding MNCs' use of havens, which are...
Persistent link: https://www.econbiz.de/10012834357
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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
This paper is the first to use information from individual country-by-country (CbC) re-ports to assess the extent of profit shifting by multinational enterprises. Unlike other data often used to evaluate the extent of profit shifting and tax avoidance, CbC reports pro-vide a complete coverage of...
Persistent link: https://www.econbiz.de/10013250044
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Pennies from Haven : Wages and Profit Shifting
Alstadsæter, Annette; Bjørkheim, Julie Brun; Davies, … - 2022
Increasing attention has been given to the fact that some multinational enterprises shift income to tax haven countries, an activity that generates inequality in corporate taxation. Here, we examine how profit shifting relates to wage inequality. Using rich matched employer-employee data from...
Persistent link: https://www.econbiz.de/10013299336
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Banking across borders
Niepmann, Friederike - 2013
Banking across borders has risen substantially over the past two decades. Yet there is significant heterogeneity in the international and global activities of banks across countries. This paper develops and tests a theoretical model that explains this variation from an international trade theory...
Persistent link: https://www.econbiz.de/10010291655
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No Guarantees, No Trade: How Banks Affect Export Patterns
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2014
This study provides evidence that shocks to the supply of trade finance have a causal effect on U.S. exports. The identification strategy exploits variation in the importance of banks as providers of letters of credit across countries. The larger a U.S. bank's share of the trade finance market...
Persistent link: https://www.econbiz.de/10010333363
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Avoiding Taxes: Banks' Use of Internal Debt
Reiter, Franz; Langenmayr, Dominika; Holtmann, Svea - 2020
This paper investigates how multinational banks use internal debt to shift profits to low-taxed affiliates. Using regulatory data on multinational banks headquartered in Germany, we show that banks use this tax avoidance channel more aggressively than non-financial multinationals do. We find...
Persistent link: https://www.econbiz.de/10012314812
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International Trade, Risk and the Role of Banks
Niepmann, Friederike; Schmidt-Eisenlohr, Tim - 2014
Banks play a critical role in facilitating international trade by guaranteeing international payments and thereby reducing the risk of trade transactions. This paper employs banking data from the U.S. to document new empirical patterns regarding the use of letters of credit and similar bank...
Persistent link: https://www.econbiz.de/10010352383
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Avoiding Taxes : Banks' Use of Internal Debt
Reiter, Franz - 2020
This paper investigates how multinational banks use internal debt to shift profits to low-taxed affiliates. Using regulatory data on multinational banks headquartered in Germany, we show that banks use this tax avoidance channel more aggressively than non-financial multinationals do. We find...
Persistent link: https://www.econbiz.de/10012823158
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Financial Sector Development in Brunei Darussalam : Depth, Access, and Efficiency: A Comparative Analysis
Bhattacharyay, Biswanath; Bhattacharyay, Madhurima - 2022
depth, access and efficiency during 2014-2018 based on 24 indicators. This paper starts with the examination of the role of … study period compared to its most ASEAN and GCC countries. The efficiency of banking sector, on an average, remained at a … sector development through enhancing depth and efficiency of the banking sector and the development of efficient bond and …
Persistent link: https://www.econbiz.de/10014244342
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Italy in the Eurozone
Keuschnigg, Christian; Kirschner, Linda; Kogler, Michael; … - 2020
’, if fiscal consolidation is combined with a program for bank recovery and for competitiveness and growth. The second …
Persistent link: https://www.econbiz.de/10012269486