Shift or Share? Profit Shifting and Workers’ Profit-Sharing
This paper quantifies how profit shifting erodes workers’ earnings by reducing profit-sharing payouts in French multinational firms.
Our purpose
Our purpose
The EU Tax Observatory conducts innovative research on taxation, contributes to a democratic and inclusive debate on the future of taxation, and fosters a dialogue between the scientific community, civil society, and policymakers in the European Union and worldwide.
Average statutory corporate
income tax rate in the European Union
The average corporate income tax rate in the European Union has been more than halved since 1980, according to statistics compiled by the OECD and the European Commission
Recent publications
29.08.2025
Tax Progressivity and Inequality in Brazil: Evidence from Integrated Administrative Data
The paper uses population-wide administrative micro-data to provide new estimates of income inequality and effective tax rates by income groups in Brazil, capturing all income and all tax payments.
30.01.2026
Revisiting Formulary Apportionment in the UN Tax Negotiations: Design Choices and Policy Implications
This brief aims to support the policy debate by explaining what “formulary apportionment” could mean in practice under different approaches.
21.01.2026
The instruments of profit shifting
Using firm-level data for France in 2018, the paper provides the first joint quantification of the three main profit-shifting channels: transfer mispricing in goods trade, intangible assets and services traded with tax havens, and intra-firm debt.
Our news
05.02.2026
Press Release: Announcing the International Tax Observatory
We are thrilled to announce the launch of the International Tax Observatory (ITO) on February 5, 2026. The ITO will continue and expand the work of the EU Tax Observatory.
04.12.2025
Press Release: How profit shifting cuts into employee profit-sharing
Paris, December 4, 2025 - A new study by the European Tax Observatory, based on previously unpublished confidential data, shows that the 314 largest French multinationals shift more than €10 billion in profits out of France each year.
29.08.2025
Press Release: Unprecedented Study Provides New Picture of Inequality and Taxes Paid in Brazil
28 August 2025 - A groundbreaking study led by a group of Brazilian and international economists reveals unprecedented findings reshaping our understanding of Brazil’s inequality and tax system.
EUTO in the media
13.01.2026
El Observador
Gabriel Zucman, the guru of the millionaires' tax: "The correct system is one where a country, like Uruguay, has the right to continue taxing the wealthiest for a few years after they leave."
The economist "of the moment" says that taxing wealth is what will happen globally in the coming years and that, in the meantime, countries like Uruguay can start unilaterally because their success depends on political decisions.
13.01.2026
Handelsblatt
"Those who are extremely rich should pay a minimum tax every year."
Economist Gabriel Zucman defends his idea of a flat tax for the super-rich. A conversation about oligarchs, billionaires and why he would not spare family businesses either.
09.01.2026
Financial Times
Letter: Does the UK tax system ‘eat the rich’? We don’t think so
UK tax rates are not higher than in most other OECD countries and are particularly low for the average worker. But is it true that successive governments have built a tax system that “eats the rich”? We do not think so.
Our Tools
To widen access to knowledge, the EU Tax Observatory provides interactive tools, including a simulator of the tax deficit of multinational companies, and an explorer of country-by-country data on the activities of multinationals firms.
Our events
Paris School of Economics, 48 Boulevard Jourdan 75014 04.06.2026
World Inequality Conference 2026
The World Inequality Lab is organizing the third edition of the World Inequality Conference, to be held at the Paris School of Economics on June 4-6, 2026.
Hybride 01.09.2025
2025-26 Lunch Seminar
Twice a month, the EU tax holds a seminar to discuss the challenges posed to national tax systems by the increased global mobility of capital and labour.
Join Us
Please contact us for further information.
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