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Effective Tax Rates and Profit Shifting Around the World
Kraváček, Jan ; Janský, Petr (advisor) ; Mareš, Jan (referee)
This thesis aims to analyze the scope of profit shifting by U.S. multinational corporations using effective tax rates as a metric. Alternatively, unlike other academic literature on the subject, this work complements the analysis by utilizing also statutory coporate tax rate. The main contribution of the thesis is an econometric analysis of the most recent data provided by Bur- eau of Economic Analysis. It is shown that the scope of profit shifting is rising with gross income sensitivity to effective tax rates clearly increasing in the time span from 1983 till 2015. According to the panel data from this time span, one percentage point increase in effective tax rate would decrease the reported gross income in a low tax jurisdiction by 2.4 percent. Interestingly, an analogous analysis using statutory tax rates does not yield any statistically significant effect. Moreover, results show that the richer the country is, the lower its effective tax rate and the higher its statutory rate. These results indicate that the two metrics can have different implications. Furthermore, if some version of profit apportionment formula was applied on the profit of U.S. multinationals, a significant profit redistribution would take place. Gross income would oftentimes be attributed to developing coun- tries with a large share of...
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The impact of the economic crisis on the difference between the effective and statutory tax rate in the Czech Republic
Zavadilová, Dominika ; Kubátová, Květa (advisor) ; Beneš, Jonáš (referee)
The diploma thesis on topic The impact of the economic crisis on the difference between the effective and statutory tax rate in the Czech Republic deals with the issue above the nominal and effective tax rates on corporate income during the economic crisis, specifically between years 2006 and 2015. The thesis deals with the causes of these differences between rates during each year of the crisis, and there is also comparison among the Czech Republic and European Union countries. First the work mentioned problems related to the last economic crisis, not only globally but also in terms of the Czech Republic. The following is a basic characteristic of the tax on corporate income, the share of total taxes over the years and the most important changes in the Law on Income Tax in the Czech Republic in individual years. In conclusion there is displayed the development of implicit and statutory tax rates and an analysis of the differences between these two rates.
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Development of the differences between the implicit and the nominal corporate tax rate in the Czech Republic
Barešová, Eliška ; Kubátová, Květa (advisor) ; Čuříková, Hana (referee)
The thesis entitled Development of the differences between the implicit and the nominal corporate tax rate in the Czech Republic deals with the amount of the implicit and nominal corporate tax rate, particularly the issue of the difference between the amounts of these rates. Examination of the rates follows the description of the characteristics of corporate income tax, the analysis of the advantages and disadvantages of this tax and its share of the total taxation . Furthermore, the thesis analyzed the method of calculating the effective tax rates and implicit tax rates on capital and corporate income. For comparison the thesis includes the analysis of the evolution of nominal and implicit tax rates on corporate income in the European Union and in the Czech Republic . For the final analysis, it is essential that the thesis presented as individual changes in the law on income tax since its introduction into the Czech legal system since 1993 to the present. Only with knowledge of legislative changes, it is possible to determine the relationship between nominal and implicit tax rate on corporate income, which deals with the thesis in the final analysis.
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