dc.contributor.author | Cobham, Alex | |
dc.contributor.author | Janský, Petr | |
dc.date.accessioned | 2016-04-11T14:45:45Z | |
dc.date.available | 2016-04-11T14:45:45Z | |
dc.date.issued | 2015-11 | |
dc.identifier.citation | Cobham, 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.isbn | 978-1-78118-276-5 | |
dc.identifier.uri | https://opendocs.ids.ac.uk/opendocs/handle/20.500.12413/11202 | |
dc.description | multinational tax avoidance; corporate tax reform; formula apportionment; unitary taxation; base erosion; profit shifting; BEPS. | en |
dc.description.abstract | A 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.sponsorship | DfID, NORAD. | en |
dc.language.iso | en | en |
dc.publisher | Institute of Development Studies | en |
dc.relation.ispartofseries | ICTD Working Paper;42 | |
dc.rights | Measuring 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.
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dc.rights.uri | http://www.ids.ac.uk/files/dmfile/IDSOpenDocsStandardTermsOfUse.pdf | en |
dc.subject | Economic Development | en |
dc.title | Measuring Misalignment: the Location of US Multinationals’ Economic Activity Versus the Location of their Profits | en |
dc.type | IDS Working Paper | en |
dc.rights.holder | © Alex Cobham and Petr Janský | en |
dc.identifier.externaluri | http://www.ictd.ac/publication/2-working-papers/91-measuring-misalignment-the-location-of-us-multinationals-economic-activity-versus-the-location-of-their-profits | en |