دانلود مقاله ISI انگلیسی شماره 145432
ترجمه فارسی عنوان مقاله

تغییر درآمد شرکت های چند ملیتی ایالات متحده

عنوان انگلیسی
Profit shifting of U.S. multinationals
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
145432 2017 40 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Public Economics, Volume 148, April 2017, Pages 1-13

پیش نمایش مقاله
پیش نمایش مقاله  تغییر درآمد شرکت های چند ملیتی ایالات متحده

چکیده انگلیسی

We analyze the profit shifting behavior of U.S. multinational firms using a unique panel data set of U.S. tax returns over the period 2002–2012. Prior research has found significant effects of tax rates in affiliate and parent countries on the profit shifting behavior of multinational entities, with semi-elasticities ranging from close to zero to well above one. We build on this prior work by allowing more heterogeneity in response across the distribution of tax rates and by including affiliates located in tax havens around the world. Our findings suggest that elasticities based on a log-linear specification may severely understate the sensitivity of profits to tax in low-tax jurisdictions while simultaneously overstating this elasticity in high-tax jurisdictions. Accounting for this type of nonlinearity appears crucial in considering how the global allocation of firm profits might change in response to tax rate changes.