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Incidence of Bank Corporate Income Taxes Revisited

Capelle-Blancard, Gunther - 2014

relationship between implicit taxes and interest margins. Our result is in line with the theory because income tax does not affect …

Persistent link: https://www.econbiz.de/10013060954

Can European banks' country-by-country reports reveal profit shifting? : an analysis of the information content of EU banks' disclosures

Dutt, Verena K.; Nicolay, Katharina; Vay, Heiko; Voget, … - 2019

multinational bank groups headquartered in the EU for 2014-2016. We compare this new dataset with information from Orbis and Bank … EU bank groups, especially in tax havens. We also document a striking disconnect between reported profits and real … activity, noting considerable heterogeneity between different tax havens and bank groups from different headquarter countries …

Persistent link: https://www.econbiz.de/10012109754

Increasing tax transparency : investor reactions to the country-by-country reporting requirement for EU financial institutions

Dutt, Verena K.; Ludwig, Christopher A.; Nicolay, Katharina - 2018

We employ an event study methodology to investigate the stock price reaction around the day of the political decision to include a country-by-country reporting obligation for EU financial institutions. We do not find significant abnormal returns for the banks affected. Sample splits according to...

Persistent link: https://www.econbiz.de/10011821075

An evaluation of the effects of the European commission's proposals for the common consolidated corporate tax base

Cobham, Alex; Janský, Petr; Jones, Chris; Temouri, Yama - 2021

This paper evaluates the Common Consolidated Corporate Tax Base (CCCTB) recently proposed by the European Commission. We find that if the CCCTB is introduced as it is currently proposed (including loss consolidation), then it is likely to impose large tax revenue costs of about one fifth of the...

Persistent link: https://www.econbiz.de/10012509213

Capital structure and taxation of companies operating within national and multinational corporate groups : evidence from the Visegrad Group of countries

Kluzek, Marta; Schmidt-Jessa, Katarzyna - In: Journal of business economics and management 23 (2022) 2, pp. 451-481

The aim of this study is to review the level of debt and the impact of taxation on the capital structure of companies operating within national and multinational corporate groups in the countries of the Visegrad Group. In the research, financial data was used from 2012-2018 regarding entities...

Persistent link: https://www.econbiz.de/10013259024

Did Uganda's corporate tax incentives benefit the Ugandan economy or only the firms?

Musoke, Nicholas; Palanská, Tereza; Schimanski, Caroline - 2023

Uganda has one of the lowest corporate income tax collection rates in sub-Saharan Africa, while offering generous corporate tax incentives. It is unclear whether tax incentives achieve their objectives without primarily benefiting firms, potentially undermining domestic revenue mobilization and...

Persistent link: https://www.econbiz.de/10014422415

Profit shifting of multinational corporations in the European Union: evidence and policy reforms

Janský, Petr - 2021

Profit shifting of multinational corporations (MNCs) negatively affects citizens, governments as well as other companies in the European Union. This consensus seems to be emerging in spite of the fact that the phenomenon of profit shifting is unobservable directly and therefore only indirect and...

Persistent link: https://www.econbiz.de/10012697533

International corporate tax avoidance : a review of the channels, magnitudes, and blind spots

Beer, Sebastian; Mooij, Ruud A. de; Liu, Li - 2018

This paper reviews the rapidly growing empirical literature on international tax avoidance by multinational corporations. It surveys evidence on main channels of corporate tax avoidance including transfer mispricing, international debt shifting, treaty shopping, tax deferral and corporate...

Persistent link: https://www.econbiz.de/10011888670

On the interdependency of profit shifting channels and the effectiveness of anti-avoidance legislation

Nicolay, Katharina; Nusser, Hannah; Pfeiffer, Olena - 2017

The issue of base erosion and profit shifting has been on the international policy agenda for several years now. The aim of this paper is to examine how firms adjust their profit shifting mechanisms in a changing institutional environment. In particular, we test whether firms substitute one...

Persistent link: https://www.econbiz.de/10011764931

Profit shifting of multinational corporations worldwide

Garcia-Bernardo, Javier; Janský, Petr - 2021

We exploit the new multinational corporations' country-by-country reporting datawith unparalleled country coverage to study profit shifting to tax havens. We showthat a logarithmic function is preferable to linear and quadratic ones for modelling the extremely non-linear relationship between...

Persistent link: https://www.econbiz.de/10012542275