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...

Die Zinsschranke gem. § 4h EStG bestimmt das Ausmaß, in dem betrieblich veranlasste Zinsaufwendungen bei der Ermittlung der steuerlichen Bemessungsgrundlagen berücksichtigt werden können. Das Greifen der Vorschrift begrenzt daher die Nutzung des den Zinsaufwendungen inhärenten...

By granting intracompany loans to their foreign affiliates, multinational firms may reduce their tax liability abroad. Many countries have legislated thin-capitalization rules (TCRs) that limit the allowable levels of intracompany loans or restrict interest deductibility if certain thresholds...

This paper argues that profit-shifting activities of multi-jurisdictional enterprises (MJE) are maintained under a tax system of consolidation and formula apportionment (FA). A theoretical model discusses how an MJE can exploit its impact on the definition of the consolidated group...