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International Corporate Tax Avoidance: A Review of the Channels, Magnitudes, and Blind Spots
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International Corporate Tax Avoidance: A Review of the Channels, Magnitudes, and Blind Spots

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  • Sebastian Beer
  • Ruud A. de Mooij
  • Ms. Li Liu

Abstract

This paper reviews the rapidly growing empirical literature on international tax avoidance by multinational corporations. It surveys evidence on main channels of corporate tax avoidance including transfer mispricing, international debt shifting, treaty shopping, tax deferral and corporate inversions. Moreover, it performs a meta analysis of the extensive literature that estimates the overall size of profit shifting. We find that the literature suggests that, on average, a 1 percentage-point lower corporate tax rate will expand before-tax income by 1 percent—an effect that is larger than reported as the consensus estimate in previous surveys and tends to be increasing over time. The literature on tax avoidance still has several unresolved puzzles and blind spots that require further research.

Suggested Citation

  • Sebastian Beer & Ruud A. de Mooij & Ms. Li Liu, 2018. "International Corporate Tax Avoidance: A Review of the Channels, Magnitudes, and Blind Spots," IMF Working Papers 2018/168, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2018/168
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    More about this item

    Keywords

    WP; tax rate; passive income; dependent variable; Corporate taxation; Multinationals; Profit shifting; International tax avoidance; Meta analysis; host-country tax; company debt; residence country; firm FE; consensus estimate; debt shifting; profit reallocation; elasticity estimate; company transaction; single tax; Corporate income tax; Tax avoidance; Corporate taxes; Personal income; Global;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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