We investigate profit shifting by the largest and systemically relevant European multinational banks using new data … made available through country-by-country reporting for the financial years 2014-2016. We capture tax incentives for income … shifting using a multilateral tax differential between the local tax rate and the tax rates in the other countries where the …

Banks in the European Union recently started publicly reporting data on profit, number of employees, turnover and tax … their much lower shares of employees. These results indicate that banks are likely shifting their profits to tax havens, but … on a country-by-country basis. I introduce the largest, hand-collected data set of its kind, which covers almost 50 banks …

has distortive effects on the global economy, as the concentration of multinational activities mirrors global tax patterns … of profits. I find that profit allocation is sensitive to both effective tax rates and geographical proximity, confirming … the significance of these factors in MNEs' tax planning strategies. Building on the work of Dharmapala and Hines (2009 …

Focus to assess in how far the new disclosure obligation increased transparency on banks' tax avoidance behavior. Our …. Regression analysis based on CbCR data and Bank Focus data leads us to expect a tax semi-elasticity of banks' reported profits of … EU bank groups, especially in tax havens. We also document a striking disconnect between reported profits and real …

returns for the banks affected. Sample splits according to the effective tax rate and the degree of B2C orientation do not … reveal a more pronounced negative investor response for banks engaging more strongly in tax avoidance or being potentially … financial institutions did not trigger a noticeable investor response. Contrary prior findings regarding other public tax …

Swedish lottery bonds are valuable tax shelters before the tax reform of 1991. By trading around the coupon lottery …, high-tax investors with capital gains from the stock market shift their tax liability to low-tax investors. The uncertainty … of the coupon lottery and the effort of verifying the winning lottery bond numbers are a nuisance to tax traders. We …

Swedish lottery bonds are valuable tax shelters before the tax reform of 1991. By trading around the coupon lottery … the effort of verifying the winning lottery bond numbers are a nuisance to tax traders. We investigate how the Treasury … (issuer), market makers (banks), and lottery bond investors respond to those frictions …

highly sensitive to the hypothetical tax that would be paid on a transaction's value in the partner jurisdiction: a 1 per … cent increase in the hypothetical tax on outgoing transactions is associated with a 0.28 per cent increase in reported … profits in Nigeria. Payments for services and fees, royalties, and interest going from Nigerian companies to affiliates in low-tax …