Publications

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Working Paper

22.03.2024

All that glitters? Golden visas and real estate

By João Pereira dos Santos, and Kristina Strohmaier
In this paper, we study the extent to which “golden visas” impact real estate housing markets. Using the population of transactions records from 2007 to 2019, we analyse the introduction of the Golden Visa Program in Portugal in 2012.
Working Paper

07.03.2024

The Market for Tax Havens

By Sébastien Laffitte
This paper investigates the determinants and consequences of the development of tax havens using a novel database that tracks the creation and development of offshore institutions in 48 tax havens.
Working Paper

15.12.2023

Consumption Taxes and Corporate Income Taxes: Evidence from Place-Based VAT

By Jules Ducept, Evangelos Koumanakos, and Panayiotis Nicolaides
This working paper looks at the responses of corporations in the Greek Islands to an increase in the VAT rate from 16% to 24%. Declared profits decreased by 28% and corporate income taxes by 34%. Tax evasion opportunities offer a plausible explanation of the response.
Report

22.10.2023

Global Tax Evasion Report 2024

By Annette Alstadsæter, Sarah Godar, Panayiotis Nicolaides, and Gabriel Zucman
An unprecedented research collaboration investigating the successes and failures of the fight against tax evasion over the last decade, building on the work of more than 100 researchers globally.
Note

05.06.2023

Digital Service Taxes

By Sofía Balladares, Mona Barake, Enea Baselgia, and Kane Borders
Digital Service Taxes (DSTs) are a recently introduced fiscal tool designed to tax digital companies. This note collects all publicly available data to take stock of the first few years of DST implementation.
Working Paper

11.05.2023

Benchmarking Country-by-Country Reports

By Giulia Aliprandi, and Gerrit von Zedlitz
In this paper, we conduct a benchmark analysis focusing on publicly available Country-by-Country Reports to assess the reliability of CbCR information compared to respective consolidated financial information.
Working Paper

03.04.2023

Effective Tax Rates and Firm Size

By Pierre Bachas, Anne Brockmeyer, Roel Dom, and Camille Semelet
This paper provides novel evidence on the relationship between firm size and effective corporate tax rates using full-population administrative tax data from 13 countries.
Data Documentation

28.02.2023

Public Country-by-Country Reports: A New Dataset

By Giulia Aliprandi, Kane Borders, Francisco Gabriel, and Gerrit von Zedlitz
In this note, we introduce the Public CbCRs database, a novel dataset comprising information on the country-level distribution of key tax-related financial items such as profit, taxes, and activities of over 100 large multinationals.
Working Paper

12.12.2022

Profit Shifting Frictions and the Geography of Multinational Activity

By Alessandro Ferrari, Sébastien Laffitte, Mathieu Parenti, and Farid Toubal
We develop a quantitative general equilibrium model of multinational activity embedding corporate taxation and profit shifting. In addition to trade and investment frictions, our model shows that profit-shifting frictions shape the geography of multinational production.
Working Paper

05.12.2022

This paper explores profit shifting behaviour by European banks through a newly available data source. Financial institutions as of 2014 started disclosing their activity on a country-by-country level following the CRDIV EU Directive.
Working Paper

01.12.2022

Global Profit Shifting, 1975 - 2019

By Ludvig Wier, and Gabriel Zucman
This paper constructs time series of global profit shifting covering the 2015–19 period, during which major international efforts were implemented to curb profit shifting.
Note

14.11.2022

A Modern Excess Profit Tax

By Manon François, Carlos Oliveira, Bluebery Planterose, and Gabriel Zucman
This note presents a new way to tax excess profits. We propose to tax the rise in the stock market capitalization of companies that benefit from extraordinary circumstances, such as energy firms following the invasion of Ukraine in February 2022.
Working Paper

28.09.2022

A Modern Excess Profit Tax

By Manon François, Carlos Oliveira, Bluebery Planterose, and Gabriel Zucman
This paper presents a new way to tax excess profits. We propose to tax the rise in the stock market capitalization of companies that benefit from extraordinary circumstances, such as energy firms following the invasion of Ukraine in February 2022.
Working Paper

09.05.2022

Pennies from Haven: Wages and Profit Shifting

By Annette Alstadsæter, Julie Brun Bjørkheim, Ronald B. Davies, and Johannes Scheuerer
Increasing attention has been given to the fact that some multinational enterprises shift income to tax haven countries, an activity that generates inequality in corporate taxation. This article examines how profit shifting relates to wage inequality.
Note

16.03.2022

Effective sanctions against oligarchs and the role of a European Asset Registry

By Lucas Chancel, Theresa Neef, Panayiotis Nicolaides, Thomas Piketty, and Gabriel Zucman
This note provides data on wealth inequality in Russia and advocates for a European Asset Registry. A European Asset Registry would change the state of play, resulting in better-targeted sanctions and effective tools to curb money laundering, corruption and tax evasion.
Report

07.11.2021

New Forms of Tax Competition: An Empirical Investigation

By Eloi Flamant, Sarah Godar, and Gaspard Richard
This report provides an empirical analysis of tax competition between individuals and companies in the European Union, by ranking the most harmful tax regimes. It also proposes several options to address these trends.
Note

07.10.2021

To fully understand the significance of the Pandora Papers, it is useful to put them into perspective based on the most recent economic research, the international efforts in place to reduce offshore fraud, and future avenues to achieve greater fiscal transparency.

Working papers

Working Paper

22.03.2024

All that glitters? Golden visas and real estate

By João Pereira dos Santos, and Kristina Strohmaier
In this paper, we study the extent to which “golden visas” impact real estate housing markets. Using the population of transactions records from 2007 to 2019, we analyse the introduction of the Golden Visa Program in Portugal in 2012.
Working Paper

07.03.2024

The Market for Tax Havens

By Sébastien Laffitte
This paper investigates the determinants and consequences of the development of tax havens using a novel database that tracks the creation and development of offshore institutions in 48 tax havens.
Working Paper

15.12.2023

Consumption Taxes and Corporate Income Taxes: Evidence from Place-Based VAT

By Jules Ducept, Evangelos Koumanakos, and Panayiotis Nicolaides
This working paper looks at the responses of corporations in the Greek Islands to an increase in the VAT rate from 16% to 24%. Declared profits decreased by 28% and corporate income taxes by 34%. Tax evasion opportunities offer a plausible explanation of the response.

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