Effective tax rates of multinational corporations: Country-level estimates

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F23%3A10475085" target="_blank" >RIV/00216208:11230/23:10475085 - isvavai.cz</a>

Výsledek na webu

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

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1371/journal.pone.0293552" target="_blank" >10.1371/journal.pone.0293552</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Effective tax rates of multinational corporations: Country-level estimates

Popis výsledku v původním jazyce

Effective tax rates (ETRs) estimated from the income statement data of multinational corporations (MNCs) are useful for comparing MNCs&apos; corporate income taxation across countries.In this paper, we propose a new methodological approach to estimate ETRs as reliably andfor as many countries as possible using Orbis&apos; unconsolidated data for the 2011-2015period. We focus on countries with at least 50 available companies, which results in a sample of 47, mostly European, countries. We estimate the ETR of a country as the ratio of corporate income tax to gross income for all affiliates of MNCs in that country, weighted bygross income. We propose four ETR estimations, including lower and upper bounds, whichdiffer by gross income calculation. We find that ETRs substantially differ from statutory taxrates for some countries. For example, we show that despite similar statutory rates of 28%and 29%, MNCs in Luxembourg paid as little as 1-8% of gross income in taxes, while thosein Norway paid as much as 46-67%. Despite being the best available, existing data is stillimperfect. We therefore call for better data in the form of MNCs&apos; unconsolidated, publiccountry-by-country reporting data.

Název v anglickém jazyce

Effective tax rates of multinational corporations: Country-level estimates

Popis výsledku anglicky

Effective tax rates (ETRs) estimated from the income statement data of multinational corporations (MNCs) are useful for comparing MNCs&apos; corporate income taxation across countries.In this paper, we propose a new methodological approach to estimate ETRs as reliably andfor as many countries as possible using Orbis&apos; unconsolidated data for the 2011-2015period. We focus on countries with at least 50 available companies, which results in a sample of 47, mostly European, countries. We estimate the ETR of a country as the ratio of corporate income tax to gross income for all affiliates of MNCs in that country, weighted bygross income. We propose four ETR estimations, including lower and upper bounds, whichdiffer by gross income calculation. We find that ETRs substantially differ from statutory taxrates for some countries. For example, we show that despite similar statutory rates of 28%and 29%, MNCs in Luxembourg paid as little as 1-8% of gross income in taxes, while thosein Norway paid as much as 46-67%. Despite being the best available, existing data is stillimperfect. We therefore call for better data in the form of MNCs&apos; unconsolidated, publiccountry-by-country reporting data.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50201 - Economic Theory

Projekt

<a href="/cs/project/GM21-05547M" target="_blank" >GM21-05547M: Zdanění nadnárodních korporací v globalizovaném světě (CORPTAX)</a><br>

Návaznosti

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

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

PLoS One

ISSN

1932-6203

e-ISSN

1932-6203

Svazek periodika

18

Číslo periodika v rámci svazku

11

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

19

Strana od-do

1-19

Kód UT WoS článku

001142779200188

EID výsledku v databázi Scopus

2-s2.0-85178170651