Academic Journal
Transfer Pricing by Multinational Firms: New Evidence from Foreign Firm Ownerships ∗
| العنوان: | Transfer Pricing by Multinational Firms: New Evidence from Foreign Firm Ownerships ∗ |
|---|---|
| المؤلفون: | Jel F, We Thank Bruce Blonigen, Eyal Dvir, Doireann Fitzgerald, Don Lee, Kalina Manova, Tim Schmidt-eisenlohr |
| المساهمون: | The Pennsylvania State University CiteSeerX Archives |
| المصدر: | http://econ.la.psu.edu/papers/Cristea100413.pdf. |
| سنة النشر: | 2013 |
| المجموعة: | CiteSeerX |
| مصطلحات موضوعية: | corporate tax, transfer prices, arm’s length principle, triple difference, foreign ownership |
| الوصف: | Using a firm-level panel dataset covering the universe of Danish exports between 1999 and 2006, we find robust evidence for profit shifting by multinational corporations (MNC) through transfer pricing. Our triple difference estimation method corrects for a downward bias in the existing studies, which results from MNCs adjusting their arm’s length prices to obscure the extent of their transfer price manipulations. The identification strategy exploits the movement in export prices to a destination in response to: (1) the establishment of a foreign affiliate by an exporter to that destination, and (2) a change in foreign corporate tax rates. After owning an affiliate in a country with a corporate tax rate lower than in the home country, Danish multinationals reduce the price of their exports there between 5.7 to 9.1 percent, on average. This reduction corresponds to $141 million in underreported export revenues in year 2006, which translates into a loss in tax income equal to 3.24 percent of Danish MNCs tax returns. |
| نوع الوثيقة: | text |
| وصف الملف: | application/pdf |
| اللغة: | English |
| Relation: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.401.5443; http://econ.la.psu.edu/papers/Cristea100413.pdf |
| الاتاحة: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.401.5443 http://econ.la.psu.edu/papers/Cristea100413.pdf |
| Rights: | Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
| رقم الانضمام: | edsbas.2DE0F9E9 |
| قاعدة البيانات: | BASE |
| الوصف غير متاح. |