Hardeck, Inga
Assessing the tax benefits of hybrid arrangements evidence from the Luxembourg leaks / Inga Hardeck and Patrick U. Wittenstein .-- , 2019
Disponible también en formato electrónico en la Biblioteca del IEF.
Resumen.
Bibliografía.
Using the Luxembourg Leaks database, we study how multinational firms avoid taxes via hybrid arrangements and assess their corresponding tax benefits. Confidential tax rulings included in this database enable us to deduce and classify the tax arrangements that 123 firms implemented by means of conduit entities in Luxembourg. Based on a difference-in-differences methodology, we show that hybrid arrangements are related to substantial and continuous effective tax rate reductions. These results hold under several robustness checks. Overall, our paper is one of the first to provide empirical support for the considerable benefits of hybrid arrangements outlined in prior theoretical research.
EMPRESAS MULTINACIONALES
IMPUESTOS
TAX RULINGS
PARAISOS FISCALES
LUXEMBURGO
ELUSION FISCAL
Wittenstein, P. U.
National Tax Journal 0028-0283 v. 71, n. 2, June 2018, p. 295-334
Assessing the tax benefits of hybrid arrangements evidence from the Luxembourg leaks / Inga Hardeck and Patrick U. Wittenstein .-- , 2019
Disponible también en formato electrónico en la Biblioteca del IEF.
Resumen.
Bibliografía.
Using the Luxembourg Leaks database, we study how multinational firms avoid taxes via hybrid arrangements and assess their corresponding tax benefits. Confidential tax rulings included in this database enable us to deduce and classify the tax arrangements that 123 firms implemented by means of conduit entities in Luxembourg. Based on a difference-in-differences methodology, we show that hybrid arrangements are related to substantial and continuous effective tax rate reductions. These results hold under several robustness checks. Overall, our paper is one of the first to provide empirical support for the considerable benefits of hybrid arrangements outlined in prior theoretical research.
EMPRESAS MULTINACIONALES
IMPUESTOS
TAX RULINGS
PARAISOS FISCALES
LUXEMBURGO
ELUSION FISCAL
Wittenstein, P. U.
National Tax Journal 0028-0283 v. 71, n. 2, June 2018, p. 295-334