Tax Planning and Multinational Behavior
· 31.03.2023 · 18:43:36 ··· ··· Friday ·· 5 (5)
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V. Richard Musgrave Lecture "Tax Planning and Multinational Behavior"
Rosanne Altshuler, 30 March 2023
https://www.cesifo.org/en/event/2023-03-30/tax-planning-and-multinational-behavior
1:22 Golden Era of Tax Planning: 1997-2012
2:54 What is a hybrid entity?
3:40 Tax Planning Strategies in the Golden Era
4:19 Stateless income
4:55 Reaction to Golden Era Tax Planning
6:37 Behind the Curtain of the Golden Era of Tax Planning
7:29 Work in Progress on Tax Planning and Multinational Behavior
08:30 Foreign Effective Tax Rates in the Golden Era
10:14 Research Questions
11:52 Outline of Talk
12:40 Hybrid Tax Planning Structures
12:45 Check the Box (CTB)
14:46 Tax Planning with Hybrid Entities
17:00 Three Tax Planning Strategies with Hybrids
20:10 Hybrid Tax Planning Structures
22:37 Three Tax Planning Strategies with Hybrids
23:11 Using IRS Data to Measure Hybrid Tax Planning
23:17 Advantages of IRS Data
23:48 Data from Tax and Information Forms
25:24 Constructing a Panel of MNCs and Foreign Affiliates
26:28 Adoption of FDEs is Widespread
27:05 Recreating Tax Ownership Structures
27:56 New Facts about Hybrid Tax Planning
33:07 Hybrid Tax Planning Structures and MNC Activity
33:08 Key mechanisms for profit shifting and deferral
33:41 Key Profit Shifting Mechanisms
38:02 Key Mechanisms: Evidence of Deferral
40:20 Hybrid Tax Planning Structures and MNC Activity
41:08 Estimating Effects with Staggered Difference in Differences
43:02 Key mechanisms for profit shifting
45:15 Key tax outcomes
46:48 Real Economic Activity
48:01 Estimates on Real Economic Activity
49:44 Model of MNC Production, R&D and Tax Planning
51:01 (Preliminary) Calibration and Model Results
52:00 Takeaways
The Richard Musgrave Visiting Professorship 2023 is awarded to Rosanne Altshuler (Emeritus Professor of Economics at Rutgers University) by CESifo and the International Institute of Public Finance (IIPF).
The highlight of the Musgrave Professorship is the Richard Musgrave Lecture, which will be held on 30 March 2023 at 6 p.m. (CEST) and in which Professor Altshuler examines the topic of Tax Planning and Multinational Behavior. The lecture will be hosted by CESifo and sponsored by Hannover Re.
The laudation will be delivered by the IIPF President, Wojciech Kopczuk (Professor of Economics and of International and Public Affairs, Department of Economics and School of International and Public Affairs, Columbia University).
ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München e.V.
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