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.
11.12.2025
Wealth taxes and high-net-worth individuals in Europe: Five Lessons for the Twenty-First Century
This brief reviews the history of net wealth taxes and comes up with five lessons for modern approaches to effectively taxing high-net-worth individuals.
18.12.2025
Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies?
The 2017 Tax Cut and Jobs Act lowered the US corporate tax rate and introduced provisions to curb profit shifting. The paper combines survey data, tax data, and firm financial statements to study the evolution of the geographical allocation of US firms’ profits after the reform.
Our news
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Paris, December 4, 2025 - A new study by the European Tax Observatory, based on previously unpublished confidential data, shows that the 314 largest French multinationals shift more than €10 billion in profits out of France each year.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.
16.05.2025
Press Release: EU Tax Observatory Brought Together Leading Policymakers and Experts to Discuss the Future of EU Tax Policies
Paris, 16 May — Earlier this week, the EU Tax Observatory hosted its annual flagship event in Brussels. The event brought together leading voices in European taxation to explore the future of corporate transparency, global tax fairness, and the role of enforcement in a fast-changing world.
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 03.02.2026
From Secrecy to Transparency: The End of Hidden Wealth?
Exploring how global tax reforms and transparency tools impact offshore tax evasion and financial secrecy worldwide.
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.
Join Us
Please contact us for further information.
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