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Global Profit Shifting, 1975 – 2019

Author

Listed:
  • Ludvig Wier

    (Ministry of finance Denmark)

  • Gabriel Zucman

    (EU Tax - EU Tax Observatory, UC Berkeley - University of California [Berkeley] - UC - University of California)

Abstract

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. We find that (i) multinational profits grew faster than global profits, (ii) the share of multinational profits booked in tax havens remained constant at around 37 per cent, and (iii) the fraction of global corporate tax revenue lost due to profit shifting rose from 9 to 10 per cent. We extend our time series back to 1975 and document a remarkable increase of multinational profits and global profit shifting from 1975 to 2019.

Suggested Citation

  • Ludvig Wier & Gabriel Zucman, 2022. "Global Profit Shifting, 1975 – 2019," Working Papers halshs-04103666, HAL.
    • Handle: RePEc:hal:wpaper:halshs-04103666
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-04103666v1
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    Keywords

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    JEL classification:

    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance

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