Delis, Fotis; Delēs, Manthos D.; Laeven, Luc; Ongena, … - 2022
We provide the first global estimates of profit shifting at the subsidiary-year level. Employing nonparametric … estimation techniques within a mainstay model of profit shifting, we examine the subsidiary-year responses of earnings to the … other parts of the world where taxation policies are less stringent on average, consistent with tax arbitrage strategies. We …