International corporate tax avoidance : a review of the channels, magnitudes, and blind spots / Sebastian Beer.
Material type:
TextSeries: IMF Working Papers; Working Paper ; no. 18/168.Publication details: Washington, D.C. : International Monetary Fund, 2018.Description: 1 online resource (45 pages)Content type: - text
- computer
- online resource
- 1484370597
- 9781484370599
- 343.0526 23
- K4474.8 .B44
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eBook
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e-Library | EBSCO Business | Available |
Print version record.
Cover; Contents; ABSTRACT; I. INTRODUCTION; II. INTERNATIONAL TAX AVOIDANCE-THE ISSUE; A. Brief Overview of the International Tax Architecture; B. Main Channels of International Tax Avoidance; C. How Effective are Anti-Avoidance Regulations?; III. A NEW CONSENSUS ON TAX-MOTIVATED PROFIT SHIFTING; A. Data and Descriptive Statistics; B. Synthesis of Primary Estimates: Meta-Regression; C. Efficient Estimation; D. Main Findings; E. Simulation of Revenue Effects; IV. DISCUSSIONS AND CONCLUSION; Tables; 1. Estimated Semi-Elasticity of Pre-Tax Profits; 2. Baseline Results; 3. Robustness Checks.
4. Evidence on publication bias5. Estimated Revenue Losses; Figures; 1. Semi-Elasticity Estimates over Time; 2. Unconditional Semi-Elasticity Estimates; 3. Graphical evidence for publication bias; 4. Country-Specific Estimates of Fiscal Impact; Appendix; 1. Descriptive Overview of Included Studies; 2. Comparison to Heckmeyer and Overesch (2017); 3. Estimating Tax-Motivated Profit Shifting: Theoretical Underpinnings; Appendix Table; 1. Comparison to HO; References.
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.
WorldCat record variable field(s) change: 082, 650