论文标题
全球跨国公司的利润转移
Profit Shifting of Multinational Corporations Worldwide
论文作者
论文摘要
我们利用无与伦比的国家覆盖范围来利用跨国公司的新国家报告数据，以揭示利润转移的分配后果。我们估计，全球跨国公司在2017年的利润中转移了超过8500亿美元的利润，主要是税率低于10 \％的国家。收入较低的国家由于利润转移而损失了较大的总税收收入份额。我们进一步表明，对数功能比线性或二次函数更适合捕获利润与税率之间的非线性关系。我们的发现突出了有效的税率对利润转移和税收改革的重要性。
We exploit the new country-by-country reporting data of multinational corporations, with unparalleled country coverage, to reveal the distributional consequences of profit shifting. We estimate that multinational corporations worldwide shifted over \$850 billion in profits in 2017, primarily to countries with effective tax rates below 10\%. Countries with lower incomes lose a larger share of their total tax revenue due to profit shifting. We further show that a logarithmic function is better suited for capturing the non-linear relationship between profits and tax rates than linear or quadratic functions. Our findings highlight effective tax rates' importance for profit shifting and tax reforms.
