👇 Tomorrow. Don't miss it! #DEMseminar #weareDEM #economics #management
👉🏼 Don't miss the next UniTrento DEM seminar! Just one week to go! On Wednesday, 29 October, our guest speaker will be Flora BELLONE, Faculty at Université Côte d'Azur (UCA), a permanent researcher at GREDEG-CNRS, and a affiliated researcher at OFCE SciencePo. 📑 This paper examines the unintended consequences of the OECD’s Base Erosion and Profit Shifting (BEPS) that was adopted in 2015. While BEPS was designed to curb profit shifting by large multinational enterprises (MNEs), we hypothesize that it may have facilitated the adoption of corporate tax avoidance (CTA) practices by smaller MNEs. We test this research hypothesis on a panel dataset of French MNEs covering the 2012–2021 period. Our main findings are as follows: First, we show that firms with a turnover below the threshold of 750 million euros, a critical size threshold in the BEPS regulatory framework, have increased their likelihood to be settled in a tax heaven post-BEPS. Second, we show that this effect is stronger for small MNEs which do not exhibit financial shareholders and/or consolidated accounts. We interpret this result as indirect evidence that the new BEPS guidelines has reduced firm dispersion in their idiosyncratic ability to avoid corporate taxes. 🗓️ When: Wednesday, 29 October 13:00 14:00. 📍Where: Seminar room, 1st Floor, DEM Università di Trento #DEMseminarseries #seminar #economics #management #weareDEM