Calendrier du 29 juin 2022
Special Seminar
Du 29/06/2022 de 13:30 à 15:00
R2-20
PARENTI Mathieu (PSE & INRAE)
Profit Shifting Frictions and the Geography of Multinational Activity
écrit avec A. Ferrari, S. Laffitte and F. Toubal
We develop a quantitative general equilibrium model of multinational activity embedding corporate taxation and profit shifting. In addition to real (tax and non-tax) frictions, our model shows that profit shifting frictions shape the geography of multinational production. Key to our model is the distinction between the corporate tax elasticity of real activity and of profit shifting. The quantification of our model requires estimates of shifted profits flows. We provide a new, model-consistent methodology to calibrate bilateral profit shifting frictions based on accounting identities. We simulate various tax reforms aimed at curbing tax-dodging practices of multinationals and their impact on a range of outcomes including countries' welfare.
Economic History Seminar
Du 29/06/2022 de 09:30 à 18:30
Salle R1.09, Campus Jourdan