Comparing UK Tax Returns of Foreign Multinationals to Matched Domestic Firms
Comparing UK Tax Returns of Foreign Multinationals to Matched Domestic Firms
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DOI：
10.2139/ssrn.3682277
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发表时间：
2019-03
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影响因子：
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通讯作者：
Katarzyna Bilicka
中科院分区：
文献类型：
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作者：
Katarzyna Bilicka
在本文中，我使用保密的英国企业纳税申报数据来探索跨国公司和国内公司报告的应税利润金额是否存在系统性差异。我发现，外国跨国子公司报告的应税利润与总资产之比是国内同类独立企业的一半。这种差异的主要原因是，更高比例的外国跨国子公司报告的应税利润为零。我记录了估计的差异是如何与利润转移相关的，并表明使用会计数据导致对差异的估计要小得多。（凝胶f23， h25, h32, l25）
In this paper, I use confidential UK corporate tax returns data to explore whether there are systematic differences in the amount of taxable profits that multinational and domestic companies report. I find that the ratio of taxable profits to total assets reported by foreign multinational subsidiaries is one-half that of comparable domestic standalones. The majority of the difference is attributable to the fact that a higher proportion of foreign multinational subsidiaries report zero taxable profits. I document how the estimated difference is related to profit shifting and show that using accounting data leads to much smaller estimates of the difference. (JEL F23, H25, H32, L25)