Externalities in International Tax Enforcement: Theory and Evidences

• 成果类型: Article
• 署名作者: Torslov, Thomas; Wier, Ludvig; Zucman, Gabriel
• 署名单位: University of California System; University of California Berkeley; University of California System; University of California Berkeley
• 刊物名称: AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY
• ISSN/ISSBN: 1945-7731
• DOI: 10.1257/pol.20200200
• 发表日期: 2023
• 页码: 497-525
• 关键词: multinational firms; havens; base

摘要

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 con-ducted by the Danish tax authority, and new cross-country data on international tax enforcement. (JEL E62, F23, H25, H26, H87, K34)