Illicit financial flows constitute a global phenomenon of massive but uncertain scale, which
erodes government revenues and drives corruption in countries rich and poor. In 2015, the …

Debt financing is arguably the most important source of external financing for enterprises
and has become popular in recent years. Corporate debt is related to the monitoring of …

The lack of coordination of tax policies across the European Union allows multinational
enterprises to engage in profit shifting to avoid their fair share of tax payments. This paper …

How much companies pay in corporate income taxes is often better captured by effective tax
rates (ETRs) rather than by statutory ones. Economists further distinguish between those …

The aim of this paper is to assess an alternative method of estimating the amount of profit
shifting and corporate income tax revenue losses. We propose a nonstandard methodology …

Summary Target 16.4 of the Sustainable Development Goals framework (SDGs) includes
the aim of reducing the overall level of 'illicit financial flows'(IFF), an umbrella term for a …

This paper aims at contributing to ongoing policy debates about taxes paid by multinational
enterprises and about changes in the system of international corporate taxation. It assess …

Abstract Motivation The Panama Papers scandal highlighted the scale of financial secrecy,
anonymous ownership and shell companies and their role in profit shifting and tax …

Companies use different methods and techniques to transfer taxable profits to tax havens.
The paper aims at analysing the influence of the relocation of the registered office of Slovak …

This paper is concerned with profit shifting within multinational groups. The aim is to
investigate the occurrence of pre-tax income shifting from foreign owned affiliates based in …