The costs of tax havens: evidence from industry-level data

被引:12
作者
Jansky, Petr [1 ]
机构
[1] Charles Univ Prague, Prague, Czech Republic
关键词
Multinational enterprises; foreign direct investment; tax havens; industry-level data; PROFIT; MULTINATIONALS; BASE;
D O I
10.1080/00036846.2019.1707765
中图分类号
F [经济];
学科分类号
02 ;
摘要
Multinational enterprises make use of tax havens to avoid paying corporate income taxes and this costs 100 billion USD and more in lost government revenue worldwide according to an increasing number of recent studies. None of those studies assigns these costs to industries. I aim to shed more light on this gap by using some of the best available industry-level US data to determine to what extent the location of the MNEs' profit is aligned with the location of their economic activities. My first finding is that the most important tax havens for US multinational enterprises are the Netherlands, Ireland and Luxembourg (all EU member states). Second, I systematically identify the specific industries in specific tax havens responsible for the costs, which should be useful information for tax authorities aiming to reduce tax avoidance. Finally, I argue that the current data are not detailed enough to provide a reliable industry breakdown of the costs, but the prospect of combining input-output tables with forthcoming country-by-country data seems more promising.
引用
收藏
页码:3204 / 3218
页数:15
相关论文
共 32 条
[1]  
[Anonymous], 2015, BEPS ACT 11 IMPR AN
[2]  
[Anonymous], Base Erosion and Profit Shifting
[3]  
[Anonymous], 2014, KPMG Corporate Tax Rate Table
[4]   Profit Shifting and Industrial Heterogeneity [J].
Barrios, Salvador ;
d'Andria, Diego .
CESIFO ECONOMIC STUDIES, 2020, 66 (02) :134-156
[5]   INTERNATIONAL CORPORATE TAX AVOIDANCE: A REVIEW OF THE CHANNELS, MAGNITUDES, AND BLIND SPOTS [J].
Beer, Sebastian ;
de Mooij, Ruud ;
Liu, Li .
JOURNAL OF ECONOMIC SURVEYS, 2020, 34 (03) :660-688
[6]   Taxing income in the oil and gas sector - Challenges of international and domestic profit shifting [J].
Beer, Sebastian ;
Loeprick, Jan .
ENERGY ECONOMICS, 2017, 61 :186-198
[7]   The Differential Effects of Bilateral Tax Treaties [J].
Blonigen, Bruce A. ;
Oldenski, Lindsay ;
Sly, Nicholas .
AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY, 2014, 6 (02) :1-18
[8]  
Bouvatier V., 2017, BANKS TAX HAVENS 1 E
[9]  
Bureau of Economic Analysis, 2017, WORLDW ACT US MULT E
[10]  
Clausing K. A., 2012, TAX LAW REV, V66, P419