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Do US firms pay less tax than their European peers? : on firm characteristics, profit shifting opportunities, and tax legislation as determinants of tax differentials

Overesch, Michael; Schenkelberg, Sabine; Wamser, Georg - 2018 - This version: March 17, 2018

differentials between US multinational corporations (MNCs) and their European peers. We show that statutory tax rates and profit … payments of US MNCs after the 2017 US tax reform. Based on past reforms of Controlled Foreign Company (CFC) rules and of the … evidence for heterogeneity in firm responses: MNCs with profit shifting opportunities benefit most from more-lenient CFC rules. …

Persistent link: https://www.econbiz.de/10011814838

Is Transfer Pricing Strictness Deterring Profit Shifting within Multinationals? Empirical Evidence from Europe

Marques, Mário - 2016

This paper aims to examine the extent to which the introduction and tightening of transfer pricing framework deters income shifting strategies by European multinational companies. To do so, we have built an index which measures the transfer pricing framework strictness by host country and year....

Persistent link: https://www.econbiz.de/10013002401

The Corporate Governance of Profit Shifting

Delis, Fotis - 2020

We examine tax-motivated profit shifting as the outcome of corporate governance characteristics in multinational enterprises (MNEs). We propose a novel subsidiary-year measure of profit shifting, estimated from the responses of subsidiary profits to exogenous parent earnings shocks....

Persistent link: https://www.econbiz.de/10012851590

Profit Shifting and Tax - Rate Uncertainty

Delis, Manthos D. - 2020

Using firm-level data for 1,084 parent firms in 24 countries and for 9,497 subsidiaries in 54 countries, we show that tax-motivated profit shifting is larger among subsidiaries in countries that have stable corporate tax rates over time. Our findings further suggest that firms move away from...

Persistent link: https://www.econbiz.de/10012855018

Impact of controlled foreign corporation rules on post-acquisition investment and profit shifting in targets

Hagen, Dominik von; Harendt, Christoph - 2017

We investigate real investment, financial revenues and profits in formerly domestic firms once they enter a multinational entity (MNE) through an acquisition. We argue that following the acquisition, those targets are tax-optimized in a profit shifting context if they are acquired by MNEs with...

Persistent link: https://www.econbiz.de/10011756005

International Taxation and M&A Prices

von Hagen, Dominik - 2018

We show that corporate taxation systems regarding foreign dividends and capital gains across 49 countries differ in many aspects, contradicting the requirements for capital ownership neutrality and indicating that ownership patterns are distorted. Consequently, a national tax policy maker may...

Persistent link: https://www.econbiz.de/10012932367

Where do multinationals locate profits : evidence from country-by-country reporting

Boukal, Tomáš - 2024

Multinational enterprises are increasingly using offshore locations to pay lower taxes on their profits. This behavior has distortive effects on the global economy, as the concentration of multinational activities mirrors global tax patterns. In this paper, I exploit the OECD country-by-country...

Persistent link: https://www.econbiz.de/10015069533

Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies?

Garcia-Bernardo, Javier; Janský, Petr; Zucman, Gabriel - National Bureau of Economic Research - 2022

The 2017 Tax Cut and Jobs Act reduced the US corporate tax rate and introduced provisions to curb profit shifting. We combine survey data, tax data, and firm financial statements to study the evolution of the geographical allocation of US firms' profits after the reform. The share of profits...

Persistent link: https://www.econbiz.de/10013210114

Impact of Controlled Foreign Corporation Rules on Post-Acquisition Investment and Profit Shifting in Targets

von Hagen, Dominik - 2017

Persistent link: https://www.econbiz.de/10012941884

Paving the Way for Unfair Competition: The Imposition of EU Anti-Dumping Duties on Ceramic Tiles from China

Kasteng, Jonas - Volkswirtschaftliche Fakultät, … - 2012

the recent anti-dumping investigation – and imposition of anti-dumping measures – on imports of ceramic tiles from China …

Persistent link: https://www.econbiz.de/10009654208