Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies? - HAL Accéder directement au contenu
Pré-publication, Document de travail Année : 2022

Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies?

Résumé

The 2017 Tax Cut and Jobs Act reduced the US corporate tax rate and introduced provisions to curb profit shifting. We combine survey data, tax data, and firm financial statements to study the evolution of the geographical allocation of US firms’ profits after the reform. The share of profits booked abroad by US multinationals fell 3–5 percentage points, driven by repatriations of intellectual property to the US. The share of foreign profits booked in tax havens remained stable around 50% between 2015 and 2020. Changes in the global allocation of profits are small overall, but some firms responded strongly.
Fichier principal
Vignette du fichier
WP3.pdf ( 5.41 Mo ) Télécharger
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

halshs-04103526, version 1 (23-05-2023)

Identifiants

  • HAL Id : halshs-04103526 , version 1

Citer

Javier Garcia-Bernardo, Petr Janský, Gabriel Zucman. Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies?. 2022. ⟨halshs-04103526⟩
5 Consultations
5 Téléchargements
Dernière date de mise à jour le 28/04/2024
comment ces indicateurs sont-ils produits

Partager

Gmail Facebook Twitter LinkedIn Plus