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Focus
Using public macro-level data on activities of multinationals, Sébastien Laffitte & Farid Toubal document in their Working Paper "A Fistful of Dollars? Foreign Sales Platforms and Profit Shifting in Tax Havens" that U.S. firms register sales in low tax jurisdictions and not where these physically take place. The case of Apple is a very good example of how multinational firms organize their affiliates worldwide to avoid paying taxes. This article shows that the country market size and traditional determinants of foreign platforms have hard time to explain the Apple cases. The host country tax environment matters in particular its tax haven status. The authors characterize tax haven and shed light on the attractiveness of Carribean tax havens for service activities and big tax havens for manufacturing activities. The quantification shows that profit shifting by foreign sales platforms in tax havens amounts to about $80bn in 2013. Their findings contribute to the recent policy debate on the reform of international taxation. >>> |
publications
- A Fistful of Dollars? Foreign Sales Platforms and Profit Shifting in Tax Havens
Sébastien Laffitte, Farid Toubal - Are global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and components
Guillaume Gaulier, Aude Sztulman, Deniz Ünal - Institutions and Customs Duty Evasion
Sébastien Jean, Cristina Mitaritonna, Antoine Vatan - EQCHANGE annual assessment 2018
Carl Grekou - Misfits in the car industry: Offshore assembly decisions at the variety level
Keith Head, Thierry Mayer
Theories and Methods in Macroeconomics (T2M) - 23rd Conference
March 22 - 23, 2019
“US Trade Policy: Before, During, and After Trump” with Chad P. Bown, Reginald Jones Senior Fellow at the Peterson Institute for International Economics
March 22, 2019
19th Doctoral Meetings in International Trade and International Finance
June 27 - 28, 2019
Edito
Are global value chains receding? The jury is still out. Key findings from the analysis of deflated world trade in parts and components In this article, we examine the dynamics of Global Value Chains (GVCs) since the 2000s. Did it show a marked expansion up to the Great Recession and did GVCs begin a downturn in the 2010s? To better understand the evolution of GVCs at the world level, we use very detailed trade data for 2000 to 2016, which distinguishes different production stages along the GVC. This new GVC indicator shows moderate growth over the study period with no trend reversal. In the electronics sector, where GVCs are particularly well-developed, we observe contrasting effects: the share in P&C trade for office machinery and computers has decreased, while it has increased in the case of telecommunications equipment, the flagship IT revolution industry. Guillaume Gaulier, Aude Sztulman & Deniz Ünal >>> |
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ISSN: 1255-7072
Editorial Director : Antoine BouëtManaging Editor : Dominique Pianelli