Publications
Detailed Information
Tax-Motivated Income Shifting by Multinationals under a Worldwide Tax System: Evidence from Korea : 전세계과세 다국적기업들의 조세유인에 의한 소득이전: 한국기업을 중심으로
Cited 0 time in
Web of Science
Cited 0 time in Scopus
- Authors
- Advisor
- 정운오
- Major
- 경영대학 경영학과
- Issue Date
- 2017-08
- Publisher
- 서울대학교 대학원
- Keywords
- Income shifting ; Worldwide tax system ; Tax avoidance ; Tax planning ; BEPS ; IFRS ; Intercompany transaction
- Description
- 학위논문 (박사)-- 서울대학교 대학원 경영대학 경영학과, 2017. 8. 정운오.
- Abstract
- This study first provides the empirical evidence on tax-motivated income shifting by multinationals under a worldwide tax system at the subsidiary level. Using subsidiary-specific data of Korean multinationals during 2006-2015, I find that multinationals subject to a worldwide tax regime shift income out of a parent country to low corporate tax rate countries to reduce their worldwide tax burden, consistent with regulators concerns about international tax avoidance. In addition, I find that the parent-country outward income shifting has decreased after the adoption of International Financial Reporting Standards (IFRS). But the parent-country outward income shifting is not affected by the Base Erosion and Profit Shifting (BEPS) package for curbing the international tax avoidance. Furthermore, I show that multinationals utilize intercompany capital transactions with their foreign subsidiaries as a means of international income shifting.
- Language
- English
- Files in This Item:
Item View & Download Count
Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.