Calendrier du 12 mai 2023
Casual Friday Development Seminar - Brown Bag Seminar
Du 12/05/2023 de 12:30 à 13:30
HéLIE Julia (PSE)
A tree for a vote: Electoral Incentives and Deforestation Cycles in Indonesia
EU Tax Observatory Seminar
Du 12/05/2023 de 12:00 à 13:00
Salle R1.13
VICARD Vincent (CEPII)
The instruments of profit shifting
écrit avec Kévin Parra-Ramirez
The relevance of tax avoidance at the global level has been convincingly documented by the recent literature. How firms avoid tax - the quantitative relevance of different instruments of profit shifting - is however still unclear. Several papers have provided direct evidence and quantification for the use of different instruments of profit shifting separately and for different countries, providing conflicting conclusions. In this paper we use firm level data to assess the quantitative importance of the three main instruments of profit shifting by multinationals -- the manipulation of transfer prices in trade in goods, the location of intangibles and export of services from tax havens and the strategic location of intra-group debt -- for a single high tax country, France. We further compare these estimates based on direct evidence to estimates of the amount of missing profits in France based on the location of multinationals' profits (FDI income), to get a complete picture of the impact of profit shifting through the lens of balance of payments data.