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Profit shifting of European banks: Evidence from Global Reporting Initiative data
Sůva, Daniel ; Janský, Petr (advisor) ; Pavlova, Alena (referee)
This thesis investigates the profit shifting practices of European banks using country-by-country reporting data. The main contribution is the first use of Global Reporting Initiative reports by hand-collecting a sample of six banks. The thesis estimates the banks' effective tax rates in two ways, highlighting the advantages and limitations of each method. Additionally, the study com- pares the economic activity, employees, and tangible assets in tax havens and estimates multiple models to estimate the amount of shifted profits into tax havens. The analysis finds no significant connection between the effective tax rate of jurisdiction and booked profits, which is in contrast to a large body of existing literature. It concludes that the sampled banks do not systematically use tax havens but confirms a positive relationship between a bank's size and its participation in profit shifting. The thesis also highlights the correlation between tax transparency and lower tax avoidance among the sampled banks, which is in line with the hypothesis that increased transparency can increase tax revenue.
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Tax avoidance by multinational corporations: An empirical analysis based on firm-level data
Godar, Sarah ; Janský, Petr (advisor) ; Barrios, Salvador (referee) ; Lejour, Arjan (referee) ; Weichenrieder, Alfons (referee)
Tax avoidance by multinational corporations An empirical analysis based on firm-level data Author: Sarah Godar Abstract In this thesis, I use confidential firm-level data from the Microdatabase Direct Investment (MiDi database) provided by the Deutsche Bundesbank to analyze tax avoidance by German MNCs. While such data has frequently been used in tax-avoidance research, it has yet to be employed to derive macro-level estimates of tax avoidance by Germany-based MNCs. My MiDi-based research includes an estimation of the scale of profit shifting by German affiliates of foreign MNCs and related tax-revenue losses (Chapter 1), as well as an investigation of the tax-haven use and distribution of profits and economic activity of MNCs headquartered in Germany (Chapter 2). Finally, in collaboration with several co-authors, I investigate relatively new micro data on the global tax payments and activities of multinational corporations, voluntarily published by individual MNCs following the implementation of the new CbCR standard (Chapter 3). I employ different methodological approaches depending on the quality of the data and the research focus of each chapter. In the first chapter, I employ a standard microeconometric approach to identify profit- shifting and estimate the semi-elasticities of MNCs' profits with...
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Analysis of Aggressive Tax Planning Related to Mergers of Companies And Cooperatives
Foltysová, Nikol ; Finardi, Savina (advisor) ; Tecl, Jan (referee)
The diploma thesis deals mainly with aggressive tax planning of multinational companies but also mentions the practices of domestic enterprises, which lead up to the reduction of the tax liability of the entity. The main idea of the thesis is a description of indicators and the analysis of structures of companies performing aggressive tax planning. The practical part of this thesis contains model examples, which can be realized and against which it is necessary to intervene. The last chapter describes measures by which the OECD and the European Union institutions are trying to eliminate the abuse of tax laws and bilateral treaties by multinational corporations. The Czech Republic has already implemented a number of measures against aggressive tax planning, which success in this diploma thesis is tested by comparing year-by-year revenues changes from corporate income tax.
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Brand Extension: a Case Study of Starbucks
Bokii, Artem ; Machek, Martin (advisor) ; Král, Petr (referee)
The thesis investigates the topic of brand extension and its importance in the business practice of companies. The theoretical part of the research outlines the key theoretical aspects related to brand and brand extension. The practical part investigates the case study of Starbucks brand extension and compares it with other famous brand extension cases. The paper illustrates how Starbucks brand extension from coffee onto the ice cream market had been successful on the initial stage, and how it failed in the long run, analyzing the key advantages and drawbacks of Starbucks brand extension activities. The thesis outlines how Starbucks brand extension could have been improved.
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Leading Multicultural Teams. Case Study of XYZ.
Zemanová, Daniela ; Pauknerová, Daniela (advisor) ; Šulcová, Eliška (referee)
The main objective of the thesis is to analyze the topic of leading multicultural teams, with a specific attention to the particular example of the company XYZ; and answer the research questions with the gathered data and construct recommendations. The theoretical part provides a comprehensive overview of the concepts of multinational corporations, teams, multicultural teams and leadership. The assumptions derived from the theory serve as a base for the following empirical part, where the theoretical research is completed with a qualitative study. The qualitative study was conducted in cooperation with the company XYZ and professionals working directly in the multicultural teams were interviewed. By combining the findings from both theoretical and empirical part, many of the assumed benefits, especially the increased creativity, of the multicultural teams were confirmed. However, the negative aspects were identified as well, with the more difficult communication above all.
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FX Management in multinational corporations
Koubová, Monika ; Taušer, Josef (advisor) ; Konvalina, Jaroslav (referee)
The subject of the diploma thesis is Foreign Exchange Management. The aim of the thesis is to analyse the differences of FX management in multinational corporations based on the case study. The theoretical part focuses on the possibilities of FX exposure management. In the case study the process of FX management in particular multinational company is analysed.
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Multinational companies and their operations in developing countries
Randlová, Lucie ; Jiránková, Martina (advisor) ; Pavlík, Petr (referee)
This thesis deals with multinational companies and their operations in developing countries. The first part describes characteristics and general functioning of multinational companies, their origin, development and role in the global economy. The second section introduces economic and social structure of developing countries and analyzes the positive and negative impacts of multinational companies on economic, social and political development, culture and environment of host developing counties. The subject of the third chapter is description of two particular examples of these companies in developing countries -- Royal Dutch/Shell in Nigeria and Nike in Southeast Asia. The fourth chapter presents the possibilities of regulation of multinational corporations.
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Vznik nadnárodných spoločností vo vybraných rozvojových krajinách a ich postavenie vo svete
Porubcová, Martina ; Neumann, Pavel (advisor) ; Sejkora, Jiří (referee)
The primary focus of this bachelor's thesis is a new phenomenon of multinational and transnational corporations being established on developing and emerging markets. The market of People's Republic of China has been chosen to demonstrate this phenomenon on local multinationals with a special focus on on their rapid internationalization process and key factors of success. In order to arrive there we use the classic internationalization theories, which were established during the second half of 20th century, meaning that the majority of internationalizing companies were from developed markets. The first chapter contemplates the general characteristics of multinational companies and the way they expand according to classic theories of internationalization. The second chapter is focused on developing countries and their enforcing role on the global investment markets. It also includes the modified theories of internationalization, which were established as a consequence of empowering role of companies from developing markets. The third chapter is an analysis of rapid internationalization process of Chinese multinationals, it uncovers the conditions under whom the companies were expanding to foreign markets and the main motives of their actions. The chapter also includes a case study of Chinese home appliance company Haier and is terminated by drawing possible future development of Chinese multinationals.
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Expatriation and International Management
Smiková, Lenka ; Drozen, František (advisor) ; Šípek, Ladislav (referee)
The thesis deals with the issue of International Management procedures in multinational corporations regarding sending their employees abroad. Its aim is to describe the process of expatriation, define the importance of culture and the role of the company in the process as well as to analyse the situation of expatriates in the Czech Republic based on a questionnaire research.
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Multinational companies and their role in the global economy
VÁŇOVÁ, Ivana
Bachelor thesis gives general characteristics of multinational corporations. The thesis is divided into two major parts. The first part familiarizes the reader with definitions and classifications of multinational corporations and their strategies of entry to foreign markets. Theoretical part concludes with a chapter about globalization, a phenomenon, which is closely associated with development and influence of multinational corporations. Practical part focuses on two multinational corporations, Nestle S.A. and Toyota Motor Company. These corporations were chosen on the basis of different approaches to organization of production network.
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