| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16615 |
| DP16615 Global Evidence on Profit Shifting Within Firms and Across Time | |
| Fotios Delis; Manthos Delis; Luc Laeven; Steven Ongena | |
| 发表日期 | 2022-05-11 |
| 出版年 | 2022 |
| 语种 | 英语 |
| 摘要 | We provide the first global estimates of profit shifting within firms at the subsidiary-year level. Employing nonparametric estimation techniques within a mainstay model of profit shifting, we examine the responses by subsidiary-year of earnings to the composite tax indicator faced by all subsidiaries of a multinational firm. Our panel includes 26,593 subsidiaries across 95 countries for the period 2009‒2017. Subsequently, we examine correlates of profit shifting, identifying that a key determinant is the subsidiaries’ ratio of intangible assets, and this channel is stronger in countries with weaker institutions. Both our new database and our novel findings open important avenues to analyze the sources and effects of profit shifting. |
| 主题 | Financial Economics |
| 关键词 | Profit shifting Multinational enterprises Nonparametric estimation Intangible assets Institutional quality Global sample |
| URL | https://cepr.org/publications/dp16615-1 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/546319 |
| 推荐引用方式 GB/T 7714 | Fotios Delis,Manthos Delis,Luc Laeven,et al. DP16615 Global Evidence on Profit Shifting Within Firms and Across Time. 2022. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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