Torslov, Thomas
Externalities in international tax enforcement theory and evidence / by Thomas Torslov, Ludvig Wier and Gabriel Zucman
Resumen.
Bibliografía.
We show that the fiscal authorities of high-tax countries can lack the incentives to combat profit shifting to tax havens. Instead, they have incentives to focus their enforcement efforts on relocating profits booked by multinationals in other high-tax countries, crowding out the enforcement on transactions that shift profits to tax havens, and reducing the global tax payments of multinational companies. The predictions of our model are motivated and supported by the analysis of two new datasets: the universe of transfer price corrections conducted by the Danish tax authority, and new cross-country data on international tax enforcement.
POLITICA FISCAL
EMPRESAS MULTINACIONALES
FISCALIDAD INTERNACIONAL
EVASION FISCAL
ELUSION FISCAL
PREVENCIÓN
EXTERNALIDADES
ESFUERZO FISCAL
Wier, Ludvig
Zucman, Gabriel
American Economic Journal : Economic Policy 1945-7731 v. 51, n. 2, May 2023, p. 497-525
Externalities in international tax enforcement theory and evidence / by Thomas Torslov, Ludvig Wier and Gabriel Zucman
Resumen.
Bibliografía.
We show that the fiscal authorities of high-tax countries can lack the incentives to combat profit shifting to tax havens. Instead, they have incentives to focus their enforcement efforts on relocating profits booked by multinationals in other high-tax countries, crowding out the enforcement on transactions that shift profits to tax havens, and reducing the global tax payments of multinational companies. The predictions of our model are motivated and supported by the analysis of two new datasets: the universe of transfer price corrections conducted by the Danish tax authority, and new cross-country data on international tax enforcement.
POLITICA FISCAL
EMPRESAS MULTINACIONALES
FISCALIDAD INTERNACIONAL
EVASION FISCAL
ELUSION FISCAL
PREVENCIÓN
EXTERNALIDADES
ESFUERZO FISCAL
Wier, Ludvig
Zucman, Gabriel
American Economic Journal : Economic Policy 1945-7731 v. 51, n. 2, May 2023, p. 497-525