Benchmarking Country-by-Country Reports

Aliprandi, Giulia; von Zedlitz, Gerrit

doi:10.2139/ssrn.4445272

Cited by 2 publications

(3 citation statements)

References 36 publications

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“…Additionally, in a recent study, Aliprandi and von Zedlitz (2023) found that in general terms the figures shown in CbCRs present a high level of reliability in comparison to respective consolidated financial data, though there is room for improvement to make these reports completely useful for policymakers and the general public.…”

Section: Data and Empirical Analysesmentioning

confidence: 99%

Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports

Castillo Murciego,

López Laborda

2024

REM

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Profit-Shifting is an aggressive tax planning activity that erodes public revenues worldwide. Using statistics based on recent Country-by-Country Reports, this article identifies both descriptively and econometrically the existence of such activity by large Spanish multinationals in EU tax havens. Moreover, the paper shows that the application of the minimum Effective Tax Rate of 15% to profits generated in other EU countries by these large multinationals, within the Two-Pillar solution of the OECD/G20 Inclusive Framework, could increase Spanish tax revenue by around 2- 17% of annual corporate income tax.

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Section: Data and Empirical Analysesmentioning

confidence: 99%

Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports

Castillo Murciego,

López Laborda

2024

REM

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“…For our analysis, we use the public country-by-country reports dataset of the EU Tax Observatory (Aliprandi et al, 2022), matched consolidated profits from financial accounts collected by Aliprandi and von Zedlitz (2023), and individual CbCR and financial reports of our sample MNEs to extract the profits of equity-accounted joint ventures and associates, business activities and other qualitative information.…”

Section: Datamentioning

confidence: 99%

“…The yellow dots present the share of profits in tax havens adjusted for equity-accounted profits. Source: Aliprandi et al (2022), OECD (2022), own calculations…”

Section: Effective Tax Ratesmentioning

confidence: 99%

The long way to tax transparency: lessons from the early publishers of country-by-country reports

Godar,

Aliprandi,

Faccio

et al. 2024

Int Tax Public Finance

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In this paper, we analyse a sample of voluntarily published country-by-country reports (CbCRs) of 35 multinational enterprises (MNEs). We assess the value added and the limitations of qualitative and quantitative information provided in the reports based on a comparison to individual MNEs’ annual financial reports and aggregate CbCR data provided by the OECD. In terms of data quality, we find that the inclusion of intra-company dividends and equity-accounted profits are a minor concern on average but that for individual MNEs corrections might be substantial. Our sample MNEs seem to pay higher effective tax rates than the global average and many of them report relatively little profit in tax havens. We only find a very weak correlation of the location of profits and effective tax rates. This might indicate that more tax transparent MNEs avoid taxes less aggressively. However, our assessment of different tax risk indicators reveals important variations between companies.

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Benchmarking Country-by-Country Reports

Cited by 2 publications

References 36 publications

Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports

Identifying Profit-Shifting to Tax Havens using statistics on Country-by-Country Reports

The long way to tax transparency: lessons from the early publishers of country-by-country reports

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