Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports
Profit-Shifting is an aggressive tax planning activity that erodes public revenues worldwide. Using statistics based on recent Country-by-Country Reports, this article identifies both descriptively and econometrically the existence of such activity by large Spanish multinationals in EU tax havens....
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| Format: | Article |
| Language: | English |
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Universidad de Huelva
2024-04-01
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| Series: | Revista de Economía Mundial |
| Subjects: | |
| Online Access: | https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/7816 |
| _version_ | 1797229190586564608 |
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| author | Ángela Castillo Murciego Julio López Laborda |
| author_facet | Ángela Castillo Murciego Julio López Laborda |
| author_sort | Ángela Castillo Murciego |
| collection | DOAJ |
| description |
Profit-Shifting is an aggressive tax planning activity that erodes public revenues worldwide. Using statistics based on recent Country-by-Country Reports, this article identifies both descriptively and econometrically the existence of such activity by large Spanish multinationals in EU tax havens. Moreover, the paper shows that the application of the minimum Effective Tax Rate of 15% to profits generated in other EU countries by these large multinationals, within the Two-Pillar solution of the OECD/G20 Inclusive Framework, could increase Spanish tax revenue by around 2- 17% of annual corporate income tax.
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| first_indexed | 2024-04-24T15:08:39Z |
| format | Article |
| id | doaj.art-8b7b1472d57b4c1482dc990f9753cbc4 |
| institution | Directory Open Access Journal |
| issn | 1576-0162 2340-4264 |
| language | English |
| last_indexed | 2024-04-24T15:08:39Z |
| publishDate | 2024-04-01 |
| publisher | Universidad de Huelva |
| record_format | Article |
| series | Revista de Economía Mundial |
| spelling | doaj.art-8b7b1472d57b4c1482dc990f9753cbc42024-04-02T11:54:53ZengUniversidad de HuelvaRevista de Economía Mundial1576-01622340-42642024-04-016610.33776/rem.vi66.7816Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports Ángela Castillo MurciegoJulio López Laborda0Universidad de Zaragoza Profit-Shifting is an aggressive tax planning activity that erodes public revenues worldwide. Using statistics based on recent Country-by-Country Reports, this article identifies both descriptively and econometrically the existence of such activity by large Spanish multinationals in EU tax havens. Moreover, the paper shows that the application of the minimum Effective Tax Rate of 15% to profits generated in other EU countries by these large multinationals, within the Two-Pillar solution of the OECD/G20 Inclusive Framework, could increase Spanish tax revenue by around 2- 17% of annual corporate income tax. https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/7816Profit-ShiftingCountry-by-Country ReportsEU Tax Havens |
| spellingShingle | Ángela Castillo Murciego Julio López Laborda Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports Revista de Economía Mundial Profit-Shifting Country-by-Country Reports EU Tax Havens |
| title | Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports |
| title_full | Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports |
| title_fullStr | Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports |
| title_full_unstemmed | Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports |
| title_short | Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports |
| title_sort | identifying profit shifting to tax havens using statistics on country by country reports |
| topic | Profit-Shifting Country-by-Country Reports EU Tax Havens |
| url | https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/7816 |
| work_keys_str_mv | AT angelacastillomurciego identifyingprofitshiftingtotaxhavensusingstatisticsoncountrybycountryreports AT juliolopezlaborda identifyingprofitshiftingtotaxhavensusingstatisticsoncountrybycountryreports |