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Displaying results 1 to 3 of 3.

  1. Real effects of public country-by-country reporting and the firm structure of European banks
    Author: Eberhartinger, Eva; Speitmann, Raffael; Sureth, Caren
    Published: [2020]
    Publisher:  Arbeitskreis Quantitative Steuerlehre, Berlin

    European regulation mandates public country-by-country reporting for banks and is expected to increase costs of tax haven activities. We hand-collect data from IFRS consolidation scopes for European banks and test whether the availability of... more

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 103
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    No inter-library loan

     

    European regulation mandates public country-by-country reporting for banks and is expected to increase costs of tax haven activities. We hand-collect data from IFRS consolidation scopes for European banks and test whether the availability of additional public information on banks' global activity reduces their tax haven presence. In a difference-in-difference analysis, we find that indeed tax haven presence has declined significantly after the introduction of mandatory public country-by-country reporting for European banks, as compared to the insurance industry, which is not subject to this regulation. In further tests, we show that this negative association is particularly driven by a reduction of subsidiaries in "Dot-Havens" and tax havens with high financial secrecy.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/214906
    Edition: This draft: March 2020
    Series: Arqus discussion paper ; no. 255 (March 2020)
    Subjects: country-by-country reporting; real effects; tax haven; tax disclosure
    Scope: 1 Online-Ressource (circa 42 Seiten), Illustrationen
  2. Real effects of public country-by-country reporting and the firm structure of European banks
    Author: Eberhartinger, Eva; Speitmann, Raffael; Sureth, Caren
    Published: 2020
    Publisher:  Universität Wien, Wien

    European regulation mandates public country-by-country reporting for banks and is expected to increase reputational costs in case of tax haven activities. We test whether the availability of additional public information on the locations of banks'... more

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    Verlag (kostenfrei)
    Verlag (kostenfrei)
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    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
    Inter-library loan:
    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 317
    Inter-library loan:
    No inter-library loan

     

    European regulation mandates public country-by-country reporting for banks and is expected to increase reputational costs in case of tax haven activities. We test whether the availability of additional public information on the locations of banks' subsidiaries reduces their tax haven presence. In a preliminary difference-in-difference analysis we find that indeed, tax haven presence in “Dot-Havens” has declined significantly after the introduction of mandatory public country-by-country reporting for European banks, as compared to the insurance industry which is not subject to this regulation

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Edition: This draft: March 2020
    Series: WU international taxation research paper series ; no. 2020, 01
    Subjects: country-by-country reporting; real effects; tax haven; tax disclosure
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen
  3. Multinational corporations' effective tax rates
    evidence from orbis
    Author: Janský, Petr; Garcia-Bernardo, Javier; Torslov, Thomas
    Published: [2020]
    Publisher:  Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Prague

    Effective tax rates (ETRs) estimated from the balance sheet data of multinational corporations (MNCs) are useful for comparing MNCs' corporate income taxation across countries. In this paper we propose a new methodological approach to estimate ETRs... more

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    Verlag (kostenfrei)
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 167
    Inter-library loan:
    No inter-library loan

     

    Effective tax rates (ETRs) estimated from the balance sheet data of multinational corporations (MNCs) are useful for comparing MNCs' corporate income taxation across countries. In this paper we propose a new methodological approach to estimate ETRs as reliably and as for as many countries as possible using Orbis' unconsolidated data for the 2011-2015 period. We focus on countries with at least 50 available companies, which results in a sample of 50, mostly European, countries. We estimate the ETR of a country as the ratio of corporate income tax to gross income for all affiliates of MNCs in that country, weighted by gross income. We propose four ETR estimations, including lower and upper bounds, which differ by gross income calculation. We find that ETRs substantially differ from statutory rates for some countries. For example, we show that despite similar statutory rates of 28% and 29%, MNCs in Luxembourg paid as little as 1-8% of gross income in taxes while those in Norway paid as much as 45-66%. Despite being the best available, existing data is still imperfect, and we therefore call for better data in the form of MNCs' unconsolidated, public country-by-country reporting data.

     
    Export to reference management software   RIS file
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/228102
    Series: IES working paper ; 2020, 20
    Subjects: Effective tax rate; multinational corporation; foreign direct investment; profit shifting; tax haven; tax competition
    Scope: 1 Online-Ressource (circa 41 Seiten), Illustrationen