Corporate Profit Shifting
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Corporate Profit Shifting
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Author : Dorian L. Peters
language : en
Publisher: Nova Science Publishers
Release Date : 2015
Corporate Profit Shifting written by Dorian L. Peters and has been published by Nova Science Publishers this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Corporations, American categories.
Congress and the Obama Administration have expressed interest in addressing multinational corporations' ability to shift profits into low- and no-tax countries with little corresponding change in business operations. Several factors appear to be driving this interest. Economists have estimated that profit shifting results in significant tax revenue losses annually, implying that reducing the practice could help address deficit and debt concerns. Profit shifting and base erosion are also believed to distort the allocation of capital as investment decisions are overly influenced by taxes. Fairness concerns have also been raised. If multinational corporations can avoid or reduce their taxes, other taxpayers (including domestically focused businesses and individuals) may perceive the tax system as unfair. At the same time, policymakers are also concerned that American corporations could be unintentionally harmed if careful consideration is not given to the proper way to reduce profit shifting. This book is intended to assist Congress as it considers what, if any, action to curb profit shifting. This book discusses the methods used for shifting profits only to the extent that it is necessary for interpreting the data or discussing policy options. In addition, this book addresses tax havens; basic concepts and policy issues of U.S. international corporate taxation; and reforms of U.S. international taxation.
International Corporate Tax Avoidance A Review Of The Channels Magnitudes And Blind Spots
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Author : Sebastian Beer
language : en
Publisher: International Monetary Fund
Release Date : 2018-07-23
International Corporate Tax Avoidance A Review Of The Channels Magnitudes And Blind Spots written by Sebastian Beer and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-07-23 with Business & Economics categories.
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 inversions. Moreover, it performs a meta analysis of the extensive literature that estimates the overall size of profit shifting. We find that the literature suggests that, on average, a 1 percentage-point lower corporate tax rate will expand before-tax income by 1 percent—an effect that is larger than reported as the consensus estimate in previous surveys and tends to be increasing over time. The literature on tax avoidance still has several unresolved puzzles and blind spots that require further research.
Profit Shifting And Tax Base Erosion
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Author : Danuše Nerudová
language : en
Publisher: Springer Nature
Release Date : 2021-07-14
Profit Shifting And Tax Base Erosion written by Danuše Nerudová and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-14 with Business & Economics categories.
This book provides a comprehensive analysis of current techniques for profit shifting and tax base erosion in the area of corporate taxation and measurement. Firstly, it explains the relevance of the issue at hand – profit shifting and base erosion in the context of the 21st century. In turn, the book provides a comprehensive analysis of available techniques for the identification and measurement of profit shifting and base erosion, which adopt both the macro and micro perspective. It also provides examples from selected post-communist countries now in the EU, including the Czech Republic, Poland and Hungary. Concrete recommendations for economic policy round out the coverage.
Addressing Base Erosion And Profit Shifting
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2013-02-12
Addressing Base Erosion And Profit Shifting written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-12 with categories.
This report presents studies and data available regarding the existence and magnitude of base erosion and profit shifting (BEPS), and contains an overview of global developments that have an impact on corporate tax matters.
Corporate Profit Shifting And The Multinational Enterprise
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Author : Stuart Webber
language : en
Publisher:
Release Date : 2012
Corporate Profit Shifting And The Multinational Enterprise written by Stuart Webber and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
"Investor model." It also makes recommendations concerning how the investor model can be improved.
The Impact Of Profit Shifting On Economic Activity And Tax Competition
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Author : Mr.Alexander D Klemm
language : en
Publisher: International Monetary Fund
Release Date : 2019-12-20
The Impact Of Profit Shifting On Economic Activity And Tax Competition written by Mr.Alexander D Klemm and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-20 with Business & Economics categories.
A growing empirical literature has documented significant profit shifting activities by multinationals. This paper looks at the impact of such profit shifting on real activity and tax competition. Real activity can be affected as profit shifting changes—and theoretically most likely reduces—the cost of capital. Tax competition, even over real capital, is affected, because a permissive attitude toward profit shifting can be seen as a selective tax reduction for multinationals. Tightening profit shifting rules in turn can affect tax competition through the main rate. This paper discusses these issues theoretically and with the help of a simulation to assess the impact of profit-shifting on investment, revenues, and government behavior. Using the theoretical framework, it also provides a brief overview of the related empirical literature.
The Effect Of Profit Shifting On The Corporate Tax Base In The United States And Beyond
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Author : K.A. Clausing
language : en
Publisher:
Release Date : 2016
The Effect Of Profit Shifting On The Corporate Tax Base In The United States And Beyond written by K.A. Clausing and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
This paper estimates the effect of profit shifting on corporate tax base erosion for the United States, using Bureau of Economic Analysis survey data on U.S. multinational corporations during 1983 to 2012. The author finds that profit shifting is likely costing the U.S. government between $77 billion and $111 billion in corporate tax revenue by 2012, and these revenue losses have increased substantially in recent years. The paper also extends this analysis to other countries, finding that corporate tax base erosion is likely a large problem in countries without low tax rates. The paper discusses suggested reforms.
Ph D Serie
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Author : Stuart Webber
language : un
Publisher:
Release Date : 2012
Ph D Serie written by Stuart Webber and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Searching For Profit Shifting In China
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Author : Xuefeng Qian
language : en
Publisher:
Release Date : 2018
Searching For Profit Shifting In China written by Xuefeng Qian and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
"This paper investigates profit-shifting behavior among multinational corporations (MNCs) in China. We exploit the flat-rate structure of China's corporate income tax, along with its system of targeted, preferential rates, to estimate the relationship between profits and tax rates. Our sample consists of approximately 60,000 observations of foreign-owned MNCs from the years 2005-2009. Using the traditional approach of regressing before-tax profits on tax rates, we find evidence consistent with profit-shifting. However, this approach is suspect because the nature of China's tax preferences makes it especially vulnerable to omitted variable bias. Accordingly, we employ finite mixture modelling to search for the existence of a group of profit-shifting MNCs. While our analysis identifies two types of firms, subsequent investigation failed to produce any evidence linking these to profit-shifting behavior. Robustness checks exploiting the panel nature of the dataset, along with further investigation of investment-tax elasticities, confirm our null finding of profit-shifting. One reason for the lack of profit-shifting among Chinese MNCs may be that corporate tax rates were relatively low during this period. Keywords:multinational corporations (MNCs); profit shifting; tax elasticity; finite mixture model, China"--Page [ii].
Jurisdiction To Tax Corporate Income Pursuant To The Presumptive Benefit Principle
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Author : Eva Escribano
language : en
Publisher: Kluwer Law International B.V.
Release Date : 2019-05-10
Jurisdiction To Tax Corporate Income Pursuant To The Presumptive Benefit Principle written by Eva Escribano and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-05-10 with Law categories.
Jurisdiction to Tax Corporate Income Pursuant to the Presumptive Benefit Principle intends to demonstrate that the profit shifting phenomenon (i.e., the ability of companies to book their profits in jurisdictions other than those that host their economic activities) is real, severe, undesirable, and above all, the natural consequence of both the preservation of three fundamental paradigms that have historically underlain corporate income taxes and their precise legal configuration. In view of this, the book submits a number of proposals in relation to the aforementioned paradigms and in the light of the suggested “presumptive benefit principle” so as to counteract profit shifting risks and thus attain a more equitable allocation of taxing rights among States. This PhD thesis obtained the prestigious European Academic Tax Thesis Award 2018 granted by the European Commission and the European Association of Tax Law Professors. What’s in this book: This book provides a disruptive discourse on tax sovereignty in the field of corporate income taxation that endeavors to escape from long-standing tax policy tendencies and prejudices while considering the challenges posed by a globalized (and increasingly digitalized) economy. In particular, the book offers an innovative perspective on certain deep-rooted paradigms historically underlying corporate income taxation: tax treatment of related parties within a corporate group along with the arm’s-length standard; corporate tax residence standards; and definition of source for corporate income tax purposes, with a particular emphasis on the permanent establishment concept. The book explores their respective origins, supposed tax policy rationales, structural problems and interactions; ultimately showing how the way tax jurisdiction is currently defined through them inherently tends to trigger profit shifting outcomes. In view of the conclusions of the study, the author suggests the use of a new version of the traditional benefit principle (the “presumptive benefit principle”) that would contribute to address the profit shifting phenomenon while serving as a practical guideline to achieve a more equitable allocation of taxing rights among jurisdictions. Finally, the book submits a number of proposals inspired by the aforementioned guideline that aspire to strike a balance between equity, effectiveness and technical feasibility. They include a new corporate tax residence test and, most notably, a proposal on a new remote-sales permanent establishment. How this will help you: With its case study (based on the Apple group) empirically demonstrating the existence of the profit shifting phenomenon, its clearly documented exposure of the reasons why traditional corporate income tax regimes systematically give rise to these outcomes, its new tax policy guideline and its proposals for reform, this book makes a significant contribution to current tax policy discussions concerning corporate income taxation in cross-border scenarios. It will be warmly welcomed by all concerned—policymakers, scholars, practitioners—with the greatest tax policy challenges that corporate income taxation is facing in the contemporary world.