Profit-shifting Through Panama Papers Destinations: A Case Study for the Czech Republic

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F20%3A43918199" target="_blank" >RIV/62156489:43110/20:43918199 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.1504/IJMEF.2020.108826" target="_blank" >https://doi.org/10.1504/IJMEF.2020.108826</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1504/IJMEF.2020.108826" target="_blank" >10.1504/IJMEF.2020.108826</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Profit-shifting Through Panama Papers Destinations: A Case Study for the Czech Republic

Popis výsledku v původním jazyce

This paper exploits firm-level data from the ORBIS database to identify international tax planning by the Czech multinational enterprises (MNEs) through Panama Papers destinations. Profit shifting is measured by comparing a tax payable per unit of profits of the Czech MNEs having links to the Panama Papers destinations with the results of the same indicator of the Czech non-multinational entities i.e., without any cross-border links and thus without any profit shifting opportunities. Results are based on the sample of 116,312 entities and provide evidence about the importance of the Panama papers destinations in profit-shifting from the Czech Republic. Overall, the estimated base erosion ranges from EUR 159 up to EUR 2.92 mil., which corresponds up to approximately CZK 14 mil. of corporate tax revenues losses. Results also show that anonymous ownership and financial secrecy play an important role in the world economy and contribute to the tax planning and profit shifting.

Název v anglickém jazyce

Profit-shifting Through Panama Papers Destinations: A Case Study for the Czech Republic

Popis výsledku anglicky

This paper exploits firm-level data from the ORBIS database to identify international tax planning by the Czech multinational enterprises (MNEs) through Panama Papers destinations. Profit shifting is measured by comparing a tax payable per unit of profits of the Czech MNEs having links to the Panama Papers destinations with the results of the same indicator of the Czech non-multinational entities i.e., without any cross-border links and thus without any profit shifting opportunities. Results are based on the sample of 116,312 entities and provide evidence about the importance of the Panama papers destinations in profit-shifting from the Czech Republic. Overall, the estimated base erosion ranges from EUR 159 up to EUR 2.92 mil., which corresponds up to approximately CZK 14 mil. of corporate tax revenues losses. Results also show that anonymous ownership and financial secrecy play an important role in the world economy and contribute to the tax planning and profit shifting.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

<a href="/cs/project/GA18-14082S" target="_blank" >GA18-14082S: Férové korporátní zdanění: Měření dopadu přesunu zisků na rozpočet České republiky</a><br>

Návaznosti

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

Rok uplatnění

2020

Kód důvěrnosti údajů

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

Název periodika

International Journal of Monetary Economics and Finance

ISSN

1752-0479

e-ISSN

—

Svazek periodika

13

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

10

Strana od-do

179-188

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85092942925