Heckemeyer, Jost H. and Overesch, Michael (2017). Multinationals' profit response to tax differentials: Effect size and shifting channels. Can. J. Econ.-Rev. Can. Econ., 50 (4). S. 965 - 995. HOBOKEN: WILEY. ISSN 1540-5982
Full text not available from this repository.Abstract
This paper provides a quantitative review of the empirical literature on profit-shifting behaviour of multinational firms. We synthesize the evidence from 27 studies and find a substantial response of profit measures to international tax rate differentials. Accounting for confounding factors by means of meta-regressions, we predict a tax semi-elasticity of subsidiary pre-tax profits of about 0.8. Moreover, we disentangle the tax response by means of financial planning from the transfer pricing and licensing channel. Back-of-the-envelope calculations suggest that transfer pricing and licensing are the dominant profit-shifting channels.
Item Type: | Journal Article | ||||||||||||
Creators: |
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URN: | urn:nbn:de:hbz:38-212700 | ||||||||||||
DOI: | 10.1111/caje.12283 | ||||||||||||
Journal or Publication Title: | Can. J. Econ.-Rev. Can. Econ. | ||||||||||||
Volume: | 50 | ||||||||||||
Number: | 4 | ||||||||||||
Page Range: | S. 965 - 995 | ||||||||||||
Date: | 2017 | ||||||||||||
Publisher: | WILEY | ||||||||||||
Place of Publication: | HOBOKEN | ||||||||||||
ISSN: | 1540-5982 | ||||||||||||
Language: | English | ||||||||||||
Faculty: | Unspecified | ||||||||||||
Divisions: | Unspecified | ||||||||||||
Subjects: | no entry | ||||||||||||
Uncontrolled Keywords: |
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Refereed: | Yes | ||||||||||||
URI: | http://kups.ub.uni-koeln.de/id/eprint/21270 |
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