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Delis, Delis, Laeven, Ongena

Articles by Delis, Delis, Laeven, Ongena

Global evidence on profit shifting: The role of intangible assets

October 11, 2021

Tax-motivated profit shifting refers to the tax planning strategies of multinational enterprises (MNEs) and their ‘shifting’ of profits from a parent or subsidiaries located in high-tax jurisdictions to subsidiaries in low-tax jurisdictions, with the aim of increasing their net income. The practice has evidently come to the fore in the recently released Pandora Papers.1 Alongside decreased tax fairness due to the consequent erosion of government revenue bases, profit shifting poses welfare and fiscal challenges. This has triggered efforts and policies from governments and international organisations to contain the practice, most notably the OECD’s Base Erosion and Profit Shifting (BEPS) initiative (OECD 2013), and the June 2021 agreement among G7 finance ministers to seek a

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