000			01848nab a2200265 c 4500
999			_c143510 _d143510
003			ES-MaIEF
005			20210203134328.0
007			ta
008			210203t2020 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_910518 _aClausing, Kimberly A.
245		0	_aProfit shifting before and after the Tax Cuts and Jobs Act _c Kimberly A. Clausing
260			_c2020
500			_aResumen.
504			_aBibliografía.
520			_aIn recent years, profit shifting by multinational companies (MNCs) has generated substantial revenue costs to the U.S. government. The Tax Cuts and Jobs Act (TCJA) changed U.S. international tax law in several important ways. This paper discusses the nature of these changes and their possible effects on profit shifting. The paper also evaluates the effects of the global intangible low-taxed income (GILTI) tax on the location of taxable profits. Once company adjustment to the legislation is complete, estimates suggest that the GILTI tax will reduce the corporate profits of U.S. multinational affiliates in haven countries by about 12-16 percent, modestly increasing the tax base in both the United States and in higher-tax foreign countries. However, a per-country minimum tax would generate much larger increases in the U.S. tax base; a per-country tax at the same rate reduces haven profits by 23-31 percent, resulting in larger gains in U.S. tax revenue.
650			_aIMPUESTOS _947460
650			_aEMPRESAS MULTINACIONALES _943504
650		4	_aEROSIÓN DE LA BASE IMPONIBLE Y TRASLADO DE BENEFICIOS _963148
650		4	_aELUSION FISCAL _943410
650		4	_aFISCALIDAD INTERNACIONAL _944303
650		4	_aESTADOS UNIDOS _942888
773	0		_9164179 _oOP 233/2020/4 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _gv. 73, n. 4, December 2020, p. 1233-1266
942			_cART