Are U.S. Multinational Corporations Becoming More Aggressive Income Shifters?
Are U.S. Multinational Corporations Becoming More Aggressive Income Shifters?
复制标题
美国跨国公司是否正在变得更加积极的收入转移者？
DOI：
10.2139/ssrn.1815320
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发表时间：
2012
期刊：
影响因子：
--
通讯作者：
S. Laplante
中科院分区：
文献类型：
--
作者：
K. Klassen;S. Laplante
本文研究了美国跨国公司在过去二十年中的收入转移。国内外政策制定者越来越关注收入转移对税收收入减少的影响，然而，现有的关于美国跨国企业收入转移的研究好坏参半。我们通过研究美国跨国公司多管辖区收入转移的程度，解决学术文献和政策制定者的看法之间的脱节。我们直接解决现存文献中相互矛盾的结果，并表明，使用多期代理或工具变量克服了在这种情况下的年度代理的弱点。我们的测试表明，随着转移的监管成本发生变化，美国公司在将收入转移出美国方面变得更加积极。保持美国和外国司法管辖区之间的税率差异不变，我们的经验估计表明，由于转移的监管成本不同，我们的样本380家平均外国税率较低的公司在2005-2009年期间每年将大约100亿美元的额外收入转移到美国，相对于1998-2002年。
This paper examines income shifting of U.S. multinational companies over the past two decades. Domestic and foreign policymakers are increasingly concerned with the effect of income shifting on dwindling tax revenues, however, extant research on income shifting by U.S. multinational enterprises is mixed. We address the disconnect between the academic literature and the policymaker’s perceptions by examining the extent of multijurisdictional income shifting by U.S. multinational companies. We directly address conflicting results in extant literature and show that using either multi-period proxies or instrumental variables overcome weaknesses of annual proxies in this setting. Our tests show that U.S. companies have become more active at shifting income out of the U.S. as the regulatory costs of shifting have changed. Holding tax rate differences between U.S. and foreign jurisdictions constant, our empirical estimates suggest that our sample of 380 corporations with low average foreign tax rates collectively shift approximately $10 billion of additional income out of the U.S. annually during 2005-2009 relative to 1998-2002 due to varying regulatory costs of shifting.
(±)-γ-红溴霉素的全合成
DOI：
--
发表时间：
2007
期刊：
影响因子：
--
作者：
北泰行;他
通讯作者：
他