Fiscal Consequences of Corporate Tax Avoidance
By:Katarzyna Bilicka
Published on 2022 by
Multinational corporations shift a large share of their foreign profits to tax havens and, due to this corporate tax avoidance, governments worldwide lose a portion of their tax revenues.
In this paper we study the consequences of multinational tax avoidance for the structure of government tax revenues.
First, we show that, at the country level, countries with large revenue losses due to profit shifting have lower corporate tax revenues and rates.
At the same time, they raise a larger share of tax revenues from personal and indirect taxes and have higher indirect tax rates.
Second, to establish causality, we use German municipal data and analyse the effects of changes in municipal tax rates levied on corporate profits on local tax revenue structure.
We show that following a tax rate increase, municipalities with a large presence of aggressive multinational corporations experience a significant decline in that tax revenue share.
This Book was ranked at 140 by Google Books for keyword Corporate Taxes.
Book ID of Fiscal Consequences of Corporate Tax Avoidance's Books is And-zwEACAAJ, Book which was written by "Katarzyna Bilicka" have ETAG "E1cddiytAoI"
Book which was published by since 2022 have ISBNs, ISBN 13 Code is 9789292672317 and ISBN 10 Code is 9292672312
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