Corporate profit misalignment: evidence from German headquarter companies and their foreign affiliates

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F21%3A10417010" target="_blank" >RIV/00216208:11230/21:10417010 - isvavai.cz</a>

Výsledek na webu

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=N9uEt~Myc0" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=N9uEt~Myc0</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1080/14631377.2020.1827201" target="_blank" >10.1080/14631377.2020.1827201</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Corporate profit misalignment: evidence from German headquarter companies and their foreign affiliates

Popis výsledku v původním jazyce

Despite numerous data challenges, economists have established that the multinational corporations&apos; reported profits are not well aligned with their economic activity across countries. However, uncertainties remain about the extent and patterns of this misalignment. We fill in this gap for German-based multinational corporations and their foreign affiliates. We use the data collected by the Deutsche Bundesbank, which include confidential data on foreign direct investments and a combination of confidential and publicly available balance sheet data. We find that the world&apos;s tax havens attract a considerably higher share of German multinational corporations&apos; profit than economic activity, while in Eastern European countries, most developing countries and some big European countries reported profits are much lower than economic activity would suggest. We also find that the most important tax haven is the Netherlands, followed by other EU tax havens of Cyprus, Ireland, Luxembourg and Malta.

Název v anglickém jazyce

Corporate profit misalignment: evidence from German headquarter companies and their foreign affiliates

Popis výsledku anglicky

Despite numerous data challenges, economists have established that the multinational corporations&apos; reported profits are not well aligned with their economic activity across countries. However, uncertainties remain about the extent and patterns of this misalignment. We fill in this gap for German-based multinational corporations and their foreign affiliates. We use the data collected by the Deutsche Bundesbank, which include confidential data on foreign direct investments and a combination of confidential and publicly available balance sheet data. We find that the world&apos;s tax havens attract a considerably higher share of German multinational corporations&apos; profit than economic activity, while in Eastern European countries, most developing countries and some big European countries reported profits are much lower than economic activity would suggest. We also find that the most important tax haven is the Netherlands, followed by other EU tax havens of Cyprus, Ireland, Luxembourg and Malta.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

<a href="/cs/project/GA18-21011S" target="_blank" >GA18-21011S: Daňové ráje a finanční tajemství</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2021

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Post-Communist Economies

ISSN

1463-1377

e-ISSN

—

Svazek periodika

33

Číslo periodika v rámci svazku

6

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

25

Strana od-do

726-750

Kód UT WoS článku

000583600200001

EID výsledku v databázi Scopus

2-s2.0-85094204677