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Replication data for: Comparing UK Tax Returns of Foreign Multinationals to Matched Domestic Firms

Principal Investigator(s): View help for Principal Investigator(s) Katarzyna Anna Bilicka

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data			12/07/2019 08:27:AM
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Project Citation:

Bilicka, Katarzyna Anna. Replication data for: Comparing UK Tax Returns of Foreign Multinationals to Matched Domestic Firms. Nashville, TN: American Economic Association [publisher], 2019. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-07. https://doi.org/10.3886/E116211V1

Project Description

Summary: In this paper, I use confidential UK corporate tax returns data to explore whether there are systematic differences in the amount of taxable profits that multinational and domestic companies report. I find that the ratio of taxable profits to total assets reported by foreign multinational subsidiaries is one-half that of comparable domestic standalones. The majority of the difference is attributable to the fact that a higher proportion of foreign multinational subsidiaries report zero taxable profits. I document how the estimated difference is related to profit shifting and show that using accounting data leads to much smaller estimates of the difference.

Scope of Project

JEL Classification:
      F23 Multinational Firms; International Business
      H25 Business Taxes and Subsidies including sales and value-added (VAT)
      H32 Fiscal Policies and Behavior of Economic Agents: Firm
      L25 Firm Performance: Size, Diversification, and Scope

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Published Versions

V2 [2022-07-11]

V1 [2019-12-07]

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