Ending Corporate Tax Avoidance and Tax Competition: A Plan to Collect the Tax Deficit of Multinationals

Clausing, Kimberly A.; Saez, Emmanuel; Zucman, Gabriel

doi:10.2139/ssrn.3655850

Cited by 24 publications

(15 citation statements)

References 10 publications

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“…Under the status quo, 𝑇𝑇 𝑖𝑖𝑖𝑖 is corporate income tax paid by company i in country c defined as administration (joebiden.com, 2020) and by Clausing, Saez & Zucman (2020). Here, we focus on the OECD proposal since the aggregated results are similar.…”

Section: High-income Countries Low-and Middle-income Countriesmentioning

confidence: 99%

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A Practical Proposal to end Corporate Tax Abuse: METR, a Minimum Effective Tax Rate for Multinationals

Cobham¹,

Faccio

Garcia‐Bernardo

et al. 2021

Global Policy

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Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use:Documents in EconStor may be saved and copied for your personal and scholarly purposes.You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. If the documents have been made available under an OpenContent Licence (especially Creative Commons Licences), you may exercise further usage rights as specified in the indicated licence.

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Section: High-income Countries Low-and Middle-income Countriesmentioning

confidence: 99%

“…16. 16. Other ‘residence‐priority’ taxes include the approach proposed by Clausing et al (2020). Here, we focus on the OECD proposal since the aggregated results are similar; although note that the Clausing–Saez‐Zucman proposal would give priority to source country taxes, to the extent that they are allowable for tax credit by the residence country. …”

mentioning

confidence: 99%

A Practical Proposal to end Corporate Tax Abuse: METR, a Minimum Effective Tax Rate for Multinationals

Cobham¹,

Faccio

Garcia‐Bernardo

et al. 2021

Global Policy

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show abstract

“…The second complementary solution can be considered a defensive measure against multinationals headquartered in countries that refuse to cooperate and do not introduce the minimum tax rule. Any government implementing a global minimum corporate tax would also calculate the tax deficit of multinationals, that is, the extra tax that a multinational would pay if it were subject to an effective tax rate of 25 percent in each of the countries in which it operates (see Clausing et al ., 2020 for details on the design of this solution). Any country implementing this defensive measure will then become a tax collector of last resort, which would ensure that the global minimum tax is upheld.…”

Section: Policy Proposals To Reform the Tax Systemmentioning

confidence: 99%

Corporate Income Taxation and Inequality: Review and Discussion of Issues Raised in The triumph of injustice—How the rich dodge taxes and how to make them pay (2019)☆

Faccio

Iacono

2021

Review of Income and Wealth

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This article surveys the literature on the relationship between corporate income taxation and inequality through the lens of the recent book The triumph of injustice-How the rich dodge taxes and how to make them pay by Saez and Zucman ( 2019). First, we analyze the nexus between corporate taxation and inequality by reviewing both studies that highlight the curbing effect of corporate tax on inequality, and by examining studies claiming that more corporate taxation might paradoxically raise personal inequality. Then we proceed by identifying current practices in taxing multinational entities, and provide an overview of the latest estimates on nations' missing fiscal revenues. Finally, we discuss the policy proposals put forward by Saez and Zucman (2019) to reform corporate taxation at the global level through the introduction of a global corporate minimum tax.

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“…The fact that the global average statutory corporate tax rate fell from 49% to 23% between 1985 and 2019, is proof that governments of growing economies favour profit shifting between business entities within the same group (Clausing, Saez, & Zucman, 2021). In terms of profit shifting in Serbia, another study (Vrzina, 2020) claims that there is no significant difference in such practice to tax havens between European multinational companies and their Serbian subsidiaries.…”

Section: Literature Reviewmentioning

confidence: 99%

Tax Avoidance, Accounting and Financial Reporting. The Perspective of the Visegrad Group Countries and Serbia

2021

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Ending Corporate Tax Avoidance and Tax Competition: A Plan to Collect the Tax Deficit of Multinationals

Cited by 24 publications

References 10 publications

A Practical Proposal to end Corporate Tax Abuse: METR, a Minimum Effective Tax Rate for Multinationals

A Practical Proposal to end Corporate Tax Abuse: METR, a Minimum Effective Tax Rate for Multinationals

Corporate Income Taxation and Inequality: Review and Discussion of Issues Raised in The triumph of injustice—How the rich dodge taxes and how to make them pay (2019)☆

Tax Avoidance, Accounting and Financial Reporting. The Perspective of the Visegrad Group Countries and Serbia

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