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dc.contributor.authorCobham, Alex
dc.contributor.authorJanský, Petr
dc.date.accessioned2016-04-11T14:45:45Z
dc.date.available2016-04-11T14:45:45Z
dc.date.issued2015-11
dc.identifier.citationCobham, A. and Janský, P. (2015) Measuring Misalignment: the Location of US Multinationals’ Economic Activity Versus the Location of their Profits. ICTD Working Paper 42. Brighton: IDS.en
dc.identifier.isbn978-1-78118-276-5
dc.identifier.urihttp://opendocs.ids.ac.uk/opendocs/handle/123456789/11202
dc.descriptionmultinational tax avoidance; corporate tax reform; formula apportionment; unitary taxation; base erosion; profit shifting; BEPS.en
dc.description.abstractA major international effort – the OECD Base Erosion and Profit Shifting (BEPS) initiative – aims to reduce the extent of misalignment between the profits of multinational groups, and the location of their real economic activity. Recent research using balance sheet data has shown major misalignments, with a number of small jurisdictions capturing a tax base disproportionate to their economic activity, but has also revealed the limitations of available balance sheet data for lower-income countries. This paper uses survey data on the international operations of US-headquartered multinational groups to expand the research to a broader group of host countries (albeit for only one home economy), and confirms major misalignments of profit. A small number of ‘profit-haven’ jurisdictions are seen to have captured a disproportionate share of total profits, resulting in serious disadvantages for most G20 countries, regardless of income level.en
dc.description.sponsorshipDfID, NORAD.en
dc.language.isoenen
dc.publisherInstitute of Development Studiesen
dc.relation.ispartofseriesICTD Working Paper;42
dc.rightsMeasuring Misalignment: the Location of US Multinationals’ Economic Activity Versus the Location of their Profits Alex Cobham and Petr Janský ICTD Working Paper 42 First published by the Institute of Development Studies in November 2015 © Alex Cobham and Petr Janský 2015 ISBN: 978-1-78118-276-5 The authors of this paper grant to the IDS and the ICTD a perpetual, irrevocable, worldwide, royalty-free, non-exclusive licence, or sublicence, to reproduce, communicate to the public, use, adapt, publish, distribute, display and transmit the work in any and all media, and to sublicense others (including the Crown) to reproduce, communicate to the public, use, adapt, publish, distribute, display and transmit the work in any and all media, for non-commercial purposes and with appropriate credit being given to the authors and ICTD funders. A catalogue record for this publication is available from the British Library. This work has been licensed by the copyright holder for distribution in electronic format via any medium for the lifetime of the OpenDocs repository for the purpose of free access without charge and can be found at http://opendocs.ids.ac.uk/opendocs/ Also available from: International Centre for Tax and Development, Institute of Development Studies, Brighton BN1 9RE, UK Tel: +44 (0) 1273 915637 Fax: +44 (0) 1273 621202 E-mail: info@ictd.ac Web: www.ictd/en/publications IDS is a charitable company limited by guarantee and registered in England (No. 877338)en
dc.rights.urihttp://www.ids.ac.uk/files/dmfile/IDSOpenDocsStandardTermsOfUse.pdfen
dc.subjectEconomic Developmenten
dc.titleMeasuring Misalignment: the Location of US Multinationals’ Economic Activity Versus the Location of their Profitsen
dc.typeIDS Working Paperen
dc.rights.holder© Alex Cobham and Petr Janskýen
dc.identifier.externalurihttp://www.ictd.ac/publication/2-working-papers/91-measuring-misalignment-the-location-of-us-multinationals-economic-activity-versus-the-location-of-their-profitsen


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