Replication data for: Comparing UK Tax Returns of Foreign Multinationals to Matched Domestic Firms
- Bilicka, Katarzyna Anna
AbstractIn this paper, I use confidential UK corporate tax returns data to explore whether there are systematic differences in the amount of taxable profits that multinational and domestic companies report. I find that the ratio of taxable profits to total assets reported by foreign multinational subsidiaries is one-half that of comparable domestic standalones. The majority of the difference is attributable to the fact that a higher proportion of foreign multinational subsidiaries report zero taxable profits. I document how the estimated difference is related to profit shifting and show that using accounting data leads to much smaller estimates of the difference.
Is supplement to
DOI: 10.1257/aer.20180496 (Text)
Bilicka, Katarzyna Anna. “Comparing UK Tax Returns of Foreign Multinationals to Matched Domestic Firms.” American Economic Review 109, no. 8 (August 2019): 2921–53. https://doi.org/10.1257/aer.20180496.
- ID: 10.1257/aer.20180496 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-07