This paper examines whether the risk-taking behavior of foreign affiliates of multinational banks is more influenced by … the national culture of their parent banks' home country or the national culture of foreign affiliates' host country. The … parent banks in 26 countries for empirical analysis. National culture of both home and host countries is measured with four …

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 …