Illicit financial flows and country-by-country reporting in extractive industries

Stausholm, Saila; Jánský, Petr; Šedivý, Marek

doi:10.35188/unu-wider/2022/207-2

Cited by 2 publications

(1 citation statement)

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“…While the private CbCR standard studied in this paper covers the widest range of MNEs, previously implemented mandatory public CbCR standards only focused on specific industries. The longest-lasting one for the extractive industries may have had an effect (Johannesen & Larsen, 2016), but the data itself has not proven to be very useful (Stausholm et al, 2022). By comparison, a greater body of literature has focused on CbCRs in the financial industry.…”

Section: Introductionmentioning

confidence: 99%

The long way to tax transparency: lessons from the early publishers of country-by-country reports

Godar,

Aliprandi,

Faccio

et al. 2024

Int Tax Public Finance

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In this paper, we analyse a sample of voluntarily published country-by-country reports (CbCRs) of 35 multinational enterprises (MNEs). We assess the value added and the limitations of qualitative and quantitative information provided in the reports based on a comparison to individual MNEs’ annual financial reports and aggregate CbCR data provided by the OECD. In terms of data quality, we find that the inclusion of intra-company dividends and equity-accounted profits are a minor concern on average but that for individual MNEs corrections might be substantial. Our sample MNEs seem to pay higher effective tax rates than the global average and many of them report relatively little profit in tax havens. We only find a very weak correlation of the location of profits and effective tax rates. This might indicate that more tax transparent MNEs avoid taxes less aggressively. However, our assessment of different tax risk indicators reveals important variations between companies.

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Section: Introductionmentioning

confidence: 99%

The long way to tax transparency: lessons from the early publishers of country-by-country reports

Godar,

Aliprandi,

Faccio

et al. 2024

Int Tax Public Finance

Self Cite

View full text Add to dashboard Cite

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The effect of mandatory extraction payment disclosures on corporate tax avoidance: evidence from the United Kingdom

Kobbi-Fakhfakh,

Driss

2023

Accounting in Europe

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Illicit financial flows and country-by-country reporting in extractive industries

Abstract: This study has been prepared within the UNU-WIDER project Extractives for development (E4D)-risks and opportunities, part of the Domestic Revenue Mobilization programme, which is financed by the Norwegian Agency for Development Cooperation (Norad).

Cited by 2 publications

References 61 publications

The long way to tax transparency: lessons from the early publishers of country-by-country reports

The long way to tax transparency: lessons from the early publishers of country-by-country reports

The effect of mandatory extraction payment disclosures on corporate tax avoidance: evidence from the United Kingdom

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