Did the anti-avoidance rules curtail the profit shifting of foreign multinationals in China?

IF 5.2 1区经济学 Q1 ECONOMICS

中国经济评论 Pub Date : 2024-11-03 DOI:10.1016/j.chieco.2024.102299

Mantian Xue

引用次数: 0

Abstract

This paper analyzes the policy effect of the anti-avoidance rules introduced on January 1, 2008 on profit shifting of foreign multinationals in China. Based on micro data from the OSIRIS database, this paper finds that the anti-avoidance rules were quite effective in curbing profit shifting of foreign multinationals through raising the pre-tax margin of subsidiaries in China relative to those outside China by about 6.5 percentage points, or about 7.6 percentage points considering the anticipation effect. Besides, the results indicate that the anti-avoidance rules were more effective for multinationals in service industries or those registered in non-haven countries.

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反避税规则是否遏制了外国跨国公司在中国的利润转移？

本文分析了 2008 年 1 月 1 日开始实施的反避税规则对在华外资跨国公司利润转移的政策影响。基于 OSIRIS 数据库的微观数据，本文发现反避税规则通过将在华子公司相对于境外子公司的税前利润率提高约 6.5 个百分点，或考虑预期效应提高约 7.6 个百分点，在抑制外国跨国公司利润转移方面相当有效。此外，研究结果表明，反避税规则对服务业跨国公司或在非避税港国家注册的跨国公司更为有效。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

中国经济评论 ECONOMICS-

CiteScore

10.60

自引率

4.40%

发文量

380

期刊介绍： The China Economic Review publishes original works of scholarship which add to the knowledge of the economy of China and to economies as a discipline. We seek, in particular, papers dealing with policy, performance and institutional change. Empirical papers normally use a formal model, a data set, and standard statistical techniques. Submissions are subjected to double-blind peer review.