Closed codykallen closed 4 years ago
This adds the profit-shifting response, using a semi-elasticity of profits booked in CFCs with respect to the tax shield from booking in CFCs.
The profit-shifting response has not yet been incorporated into the baseline. For the semi-elasticities to use, see Dowd, Landefeld and Moore (2017).
This adds the profit-shifting response, using a semi-elasticity of profits booked in CFCs with respect to the tax shield from booking in CFCs.
The profit-shifting response has not yet been incorporated into the baseline. For the semi-elasticities to use, see Dowd, Landefeld and Moore (2017).