Author: Preetika Joshi
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Tax transparency and exchange of information are at the heart of a global effort to tackle aggressive tax planning of multinational corporations (MNCs). Policymakers worldwide, including within the Organisation for Economic Co-operation and Development, the G20 nations, the European Union, the Financial Accounting Standard Board, and the United Nations, have strived to enhance tax disclosures. Even with this push for global tax transparency, evidence is lacking about whether regulations achieve the desired effects. This dissertation examines the corporate tax avoidance and income shifting of European Union MNCs following the adoption of two transparency rules: private country-by-country reporting under Action Item 13 of OECDs base-erosion and profit-shifting project and public country-by-country reporting under Capital Requirements Directive IV. In examining response to private country by country reporting, I document no significant difference in tax-motivated income shifting in the three-year post-adoption period. However, starting in 2018, I find that affiliates of European Union MNCs engaged in significantly less profit shifting. I also find robust evidence of an increase in effective tax rates of European Union MNCs subject to private country by country reporting. Overall these results suggest that, while the introduction of private country by country reporting led to a significant decline in firm-level tax avoidance, the impact on affiliate-level income shifting has been limited. In examining the effects of public country-by-country reporting, I document a significant decrease in the income shifting by the industrial affiliates of European multinational banks subject to the disclosure requirements. The findings of this study have important policy implications for the global implementation of country-by-country reporting and extend the debate on public versus private disclosure of tax information.
Global Tax Transparency and Tax Behaviour
Author: Preetika Joshi
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Tax transparency and exchange of information are at the heart of a global effort to tackle aggressive tax planning of multinational corporations (MNCs). Policymakers worldwide, including within the Organisation for Economic Co-operation and Development, the G20 nations, the European Union, the Financial Accounting Standard Board, and the United Nations, have strived to enhance tax disclosures. Even with this push for global tax transparency, evidence is lacking about whether regulations achieve the desired effects. This dissertation examines the corporate tax avoidance and income shifting of European Union MNCs following the adoption of two transparency rules: private country-by-country reporting under Action Item 13 of OECDs base-erosion and profit-shifting project and public country-by-country reporting under Capital Requirements Directive IV. In examining response to private country by country reporting, I document no significant difference in tax-motivated income shifting in the three-year post-adoption period. However, starting in 2018, I find that affiliates of European Union MNCs engaged in significantly less profit shifting. I also find robust evidence of an increase in effective tax rates of European Union MNCs subject to private country by country reporting. Overall these results suggest that, while the introduction of private country by country reporting led to a significant decline in firm-level tax avoidance, the impact on affiliate-level income shifting has been limited. In examining the effects of public country-by-country reporting, I document a significant decrease in the income shifting by the industrial affiliates of European multinational banks subject to the disclosure requirements. The findings of this study have important policy implications for the global implementation of country-by-country reporting and extend the debate on public versus private disclosure of tax information.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Tax transparency and exchange of information are at the heart of a global effort to tackle aggressive tax planning of multinational corporations (MNCs). Policymakers worldwide, including within the Organisation for Economic Co-operation and Development, the G20 nations, the European Union, the Financial Accounting Standard Board, and the United Nations, have strived to enhance tax disclosures. Even with this push for global tax transparency, evidence is lacking about whether regulations achieve the desired effects. This dissertation examines the corporate tax avoidance and income shifting of European Union MNCs following the adoption of two transparency rules: private country-by-country reporting under Action Item 13 of OECDs base-erosion and profit-shifting project and public country-by-country reporting under Capital Requirements Directive IV. In examining response to private country by country reporting, I document no significant difference in tax-motivated income shifting in the three-year post-adoption period. However, starting in 2018, I find that affiliates of European Union MNCs engaged in significantly less profit shifting. I also find robust evidence of an increase in effective tax rates of European Union MNCs subject to private country by country reporting. Overall these results suggest that, while the introduction of private country by country reporting led to a significant decline in firm-level tax avoidance, the impact on affiliate-level income shifting has been limited. In examining the effects of public country-by-country reporting, I document a significant decrease in the income shifting by the industrial affiliates of European multinational banks subject to the disclosure requirements. The findings of this study have important policy implications for the global implementation of country-by-country reporting and extend the debate on public versus private disclosure of tax information.
Standard for Automatic Exchange of Financial Account Information in Tax Matters, Second Edition
Author: OECD
Publisher: OECD Publishing
ISBN: 9264267999
Category :
Languages : en
Pages : 326
Book Description
This publication contains the following four parts: A model Competent Authority Agreement (CAA) for the automatic exchange of CRS information; the Common Reporting Standard; the Commentaries on the CAA and the CRS; and the CRS XML Schema User Guide.
Publisher: OECD Publishing
ISBN: 9264267999
Category :
Languages : en
Pages : 326
Book Description
This publication contains the following four parts: A model Competent Authority Agreement (CAA) for the automatic exchange of CRS information; the Common Reporting Standard; the Commentaries on the CAA and the CRS; and the CRS XML Schema User Guide.
Implementing the Tax Transparency Standards A Handbook for Assessors and Jurisdictions, Second Edition
Author: OECD
Publisher: OECD Publishing
ISBN: 9789264107236
Category :
Languages : en
Pages : 228
Book Description
This handbook provides guidance for the assessment teams and the reviewed jurisdictions that are participating in the Global Forum on Transparency and Exchange of Information for Tax Purposes (the “Global Forum”) peer reviews and non-member reviews.
Publisher: OECD Publishing
ISBN: 9789264107236
Category :
Languages : en
Pages : 228
Book Description
This handbook provides guidance for the assessment teams and the reviewed jurisdictions that are participating in the Global Forum on Transparency and Exchange of Information for Tax Purposes (the “Global Forum”) peer reviews and non-member reviews.
Global Tax Fairness
Author: Thomas Pogge
Publisher: Oxford University Press
ISBN: 019103861X
Category : Business & Economics
Languages : en
Pages : 383
Book Description
This book addresses sixteen different reform proposals that are urgently needed to correct the fault lines in the international tax system as it exists today, and which deprive both developing and developed countries of critical tax resources. It offers clear and concrete ideas on how the reforms can be achieved and why they are important for a more just and equitable global system to prevail. The key to reducing the tax gap and consequent human rights deficit in poor countries is global financial transparency. Such transparency is essential to curbing illicit financial flows that drain less developed countries of capital and tax revenues, and are an impediment to sustainable development. A major break-through for financial transparency is now within reach. The policy reforms outlined in this book not only advance tax justice but also protect human rights by curtailing illegal activity and making available more resources for development. While the reforms are realistic they require both political and an informed and engaged civil society that can put pressure on governments and policy makers to act.
Publisher: Oxford University Press
ISBN: 019103861X
Category : Business & Economics
Languages : en
Pages : 383
Book Description
This book addresses sixteen different reform proposals that are urgently needed to correct the fault lines in the international tax system as it exists today, and which deprive both developing and developed countries of critical tax resources. It offers clear and concrete ideas on how the reforms can be achieved and why they are important for a more just and equitable global system to prevail. The key to reducing the tax gap and consequent human rights deficit in poor countries is global financial transparency. Such transparency is essential to curbing illicit financial flows that drain less developed countries of capital and tax revenues, and are an impediment to sustainable development. A major break-through for financial transparency is now within reach. The policy reforms outlined in this book not only advance tax justice but also protect human rights by curtailing illegal activity and making available more resources for development. While the reforms are realistic they require both political and an informed and engaged civil society that can put pressure on governments and policy makers to act.
Building Tax Culture, Compliance and Citizenship A Global Source Book on Taxpayer Education, Second Edition
Author: OECD
Publisher: OECD Publishing
ISBN: 9264724788
Category :
Languages : en
Pages : 150
Book Description
Widespread voluntary tax compliance plays a significant role in countries’ efforts to raise the revenues necessary to achieve Sustainable Development Goals. As part of this process, governments are increasingly reaching out to taxpayers – current and future – to teach, communicate and assist them in order to foster a “culture of compliance” based on rights and responsibilities, in which citizens see paying taxes as an integral aspect of their relationship with their government.
Publisher: OECD Publishing
ISBN: 9264724788
Category :
Languages : en
Pages : 150
Book Description
Widespread voluntary tax compliance plays a significant role in countries’ efforts to raise the revenues necessary to achieve Sustainable Development Goals. As part of this process, governments are increasingly reaching out to taxpayers – current and future – to teach, communicate and assist them in order to foster a “culture of compliance” based on rights and responsibilities, in which citizens see paying taxes as an integral aspect of their relationship with their government.
Tax Administration 2021 Comparative Information on OECD and other Advanced and Emerging Economies
Author: OECD
Publisher: OECD Publishing
ISBN: 9264424083
Category :
Languages : en
Pages : 355
Book Description
This report is the ninth edition of the OECD's Tax Administration Series. It provides internationally comparative data on aspects of tax systems and their administration in 59 advanced and emerging economies.
Publisher: OECD Publishing
ISBN: 9264424083
Category :
Languages : en
Pages : 355
Book Description
This report is the ninth edition of the OECD's Tax Administration Series. It provides internationally comparative data on aspects of tax systems and their administration in 59 advanced and emerging economies.
Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Japan 2013 Combined: Phase 1 + Phase 2, incorporating Phase 2 ratings
Author: OECD
Publisher: OECD Publishing
ISBN: 9264205764
Category :
Languages : en
Pages : 119
Book Description
This report includes Phase 1 and Phase 2 reports for Japan, now incorporating Phase 2 ratings.
Publisher: OECD Publishing
ISBN: 9264205764
Category :
Languages : en
Pages : 119
Book Description
This report includes Phase 1 and Phase 2 reports for Japan, now incorporating Phase 2 ratings.
Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Republic of Korea 2013 Combined: Phase 1 + Phase 2, incorporating Phase 2 ratings
Author: OECD
Publisher: OECD Publishing
ISBN: 9264205802
Category :
Languages : en
Pages : 119
Book Description
This report includes Phase 1 and Phase 2 reviews of the Republic of Korea, now incorporating Phase 2 ratings.
Publisher: OECD Publishing
ISBN: 9264205802
Category :
Languages : en
Pages : 119
Book Description
This report includes Phase 1 and Phase 2 reviews of the Republic of Korea, now incorporating Phase 2 ratings.
Harmful Tax Competition An Emerging Global Issue
Author: OECD
Publisher: OECD Publishing
ISBN: 9264162941
Category :
Languages : en
Pages : 82
Book Description
Tax competition in the form of harmful tax practices can distort trade and investment patterns, erode national tax bases and shift part of the tax burden onto less mobile tax bases. The Report emphasises that governments must intensify their cooperative actions to curb harmful tax practices.
Publisher: OECD Publishing
ISBN: 9264162941
Category :
Languages : en
Pages : 82
Book Description
Tax competition in the form of harmful tax practices can distort trade and investment patterns, erode national tax bases and shift part of the tax burden onto less mobile tax bases. The Report emphasises that governments must intensify their cooperative actions to curb harmful tax practices.
Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: People's Republic of China 2013 Combined: Phase 1 + Phase 2, incorporating Phase 2 ratings
Author: OECD
Publisher: OECD Publishing
ISBN: 926420556X
Category :
Languages : en
Pages : 127
Book Description
This report contains Phase 1 and Phase 2 Global Forum Peer Reviews for the People's Republic of China, now incorporating Phase 2 ratings.
Publisher: OECD Publishing
ISBN: 926420556X
Category :
Languages : en
Pages : 127
Book Description
This report contains Phase 1 and Phase 2 Global Forum Peer Reviews for the People's Republic of China, now incorporating Phase 2 ratings.