Measuring misalignment: The location of US multinationals’ economic activity versus the location of their profits
Development Policy Review2017Vol. 37(1), pp. 91–110
Citations Over TimeTop 10% of 2017 papers
Abstract
Abstract A major international effort—the Organisation for Economic Co‐operation and Development Base Erosion and Profit Shifting initiative—aims to reduce the extent of misalignment between the profits of multinational groups, and the location of their real economic activity. This article uses survey data on the international operations of US ‐headquartered multinational groups to show major misalignments of profit. A small number of “profit‐haven” jurisdictions are seen to have captured a disproportionate share of total profits, resulting in serious disadvantages for most countries, regardless of income level.
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