| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24701 |
| 来源ID | Working Paper 24701 |
| The Missing Profits of Nations | |
| Thomas R. Tørsløv; Ludvig S. Wier; Gabriel Zucman | |
| 发表日期 | 2018-06-11 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | By exploiting new macroeconomic data known as foreign affiliates statistics, we show that affiliates of foreign multinational firms are an order of magnitude more profitable than local firms in low-tax countries. By contrast, affiliates of foreign multinationals are less profitable than local firms in high-tax countries. Leveraging this differential profitability, we estimate that close to 40% of multinational profits are shifted to tax havens globally. We analyze how the location of corporate profits would change if all countries adopted the same effective corporate tax rate, keeping global profits and investment constant. Profits would increase by about 15% in high-tax European Union countries, 10% in the United States, while they would fall by 60% in today's tax havens. We provide a new international database of GDP, trade balances, and factor shares corrected for profit shifting, showing that the rise of the corporate capital share is significantly under-estimated in high-tax countries. |
| 主题 | International Economics ; International Factor Mobility ; Public Economics ; Taxation |
| URL | https://www.nber.org/papers/w24701 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582373 |
| 推荐引用方式 GB/T 7714 | Thomas R. Tørsløv,Ludvig S. Wier,Gabriel Zucman. The Missing Profits of Nations. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24701.pdf（1136KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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