Detail práce

The Scale of Corporate Profit Shifting out of the United States

Autor: Mgr. Martin Stárek
Rok: 2019 - zimní
Vedoucí: doc. Petr Janský Ph.D.
Konzultant:
Typ práce: Diplomová
Ekonomická teorie
Jazyk: Anglicky
Stránky: 70
Ocenění:
Odkaz: https://is.cuni.cz/webapps/zzp/detail/191778/
Abstrakt: There is a large body of literature indicating that profits are shifted into countries with better
conditions, i.e. lower tax rates. It was showed that the problem is nonlinear. However, precise
estimates are missing in the available literature. In this thesis we improved the precision by allowing
for nonlinearity, time-variant tax semi-elasticity of profits and financial secrecy is a driver of the
profit shifting. We showed that all three elements of the estimation are very important. Our analysis
suggests that the profit shifting problem started at the turn of millennium and increases since, with
some temporal drops. The highest amount of profit shifted out of the United States was almost 300
billion of U.S. dollars with the consequent revenue loss of 62.3 billion of U.S. dolars.

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Deloitte

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