Arbeitspapier
Does intangible asset intensity increase profit-shifting opportunities of multinationals?
This paper studies how intangible asset intensity affects multinationals' profitshifting behavior. Intangible assets reduce the cost of booking profits in low-tax jurisdictions, independently from where profits are generated. Consequently they can be instrumental to implementing tax-avoidance schemes. Using a large firm-level, parent-subsidiaries matched panel data set I test if multinationals characterized by high intangible asset intensity report higher profits in low-tax jurisdictions, respect to corporations with low intangible asset intensity. I find that, intangible asset intensity exacerbates multinationals' profit-shifting behavior. Splitting the sample between tech and non-tech companies, I find that, although tech companies leverage intangible asset intensity for profit-shifting more than the rest of the sample, there is no statistical difference between profit-shifting of tech companies with high intangibles intensity and non-tech companies with high intangibles intensity.
- Sprache
-
Englisch
- Erschienen in
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Series: Graduate Institute of International and Development Studies Working Paper ; No. HEIDWP02-2021
- Klassifikation
-
Wirtschaft
Multinational Firms; International Business
Business Taxes and Subsidies including sales and value-added (VAT)
- Thema
-
intangible assets
international profit-shifting
corporate taxation
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Crotti, Roberto
- Ereignis
-
Veröffentlichung
- (wer)
-
Graduate Institute of International and Development Studies
- (wo)
-
Geneva
- (wann)
-
2021
- Handle
- Letzte Aktualisierung
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10.11.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Crotti, Roberto
- Graduate Institute of International and Development Studies
Entstanden
- 2021
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