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PSLmodels / Business-Taxation

USA Corporate and Pass-Through Business Tax Model
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Profit shifting response #141

Closed codykallen closed 4 years ago

codykallen commented 4 years ago

With the international tax model built, we should consider a profit shifting response, in which earnings and profits booked in CFCs respond to the tax shield from doing so. Use Dowd et al. (2017) (https://www.sciencedirect.com/science/article/abs/pii/S004727271730018X) for the semi-elasticities. Changes in profits booked in CFCs would come from profits booked in foreign branches, and perhaps from profits booked domestically.

codykallen commented 4 years ago

This has been moved to #147.