Estimating the Misalignment between the Locations of Profits and Economic Activities of EU’s Banks
| Název práce v češtině: | Odhad rozdílů mezi lokacemi zisků a ekonomických aktivit EU bank |
|---|---|
| Název v anglickém jazyce: | Estimating the Misalignment between the Locations of Profits and Economic Activities of EU’s Banks |
| Akademický rok vypsání: | 2015/2016 |
| Typ práce: | bakalářská práce |
| Jazyk práce: | angličtina |
| Ústav: | Institut ekonomických studií (23-IES) |
| Vedoucí / školitel: | prof. Petr Janský, Ph.D. |
| Řešitel: | skrytý - zadáno vedoucím/školitelem |
| Datum přihlášení: | 04.06.2015 |
| Datum zadání: | 13.05.2016 |
| Datum a čas obhajoby: | 06.09.2016 00:00 |
| Místo konání obhajoby: | IES |
| Datum odevzdání elektronické podoby: | 29.07.2016 |
| Datum proběhlé obhajoby: | 06.09.2016 |
| Oponenti: | Bc. Yao Wang, Ph.D. |
| Kontrola URKUND: | |
| Zásady pro vypracování |
| Topic characteristics
In the theses we will focus on the misalignment of profit of financial institutions, namely, banks. The Base Erosion and Profit Shifting is one of the main issues of current taxation we would like to uncover the potential role of financial institutions in this matter. We will analyse existing literature and than introduce our own analysis. Research questions In our analysis We would like to answer following question: • Is there inconsistency between reported profit and real economic activity among banks • How would the resulted tax bases either of countries as a whole or each subsidiary of the bank group differ from the current ones? • How would the resulted tax income of countries and tax burden of banks differ from current one? • Which countries have the largest share of banks profit? Methodology We will use newly available data, which have to be disclosed annually by banks on country-by-country bases. We will simulate the impact of unitary taxation on the tax base on the bank|country level using the employees apportionment factor combined with turnover apportionment factor, which is similar approach as Murphy (2015) introduced in his research and it is actually simplified model as European Union proposed called Common Consolidated Corporate Tax Base (CCCTB). From this computation we will estimate the impact of the unitary taxation on overall income of given country and on the overall tax burden of given bank. We will locate the maximum profit per employee per bank and we will compare the results with the existing list of tax haven. |
| Seznam odborné literatury |
| 1. Cobham, A. & P. Jansky ́ (2015): “Working Paper 42 Measuring misalignment: The location of US multinationals’ economic activity versus the location of their profits.”
2. Cobham, A. & S. Loretz (2014): “Working Paper 27 International Distribution of the Corporate Tax Base : Implications of Different Apportionment Factors under Unitary.” 3. Devereux, M. P & S. Loretz (2008): “The Effects of EU Formula Apportionment on Corporate Tax Revenues.” Institute for Fiscal Studies 29(1)): pp. 1–33. 4. Johannesen, N. & D. T. Larsen (2016): “The Power of Financial Transparency: An Event Study of Country-by-Country Reporting Standards Highlights.” Economics Letters. http://dx.doi.org/10.1016/j.econlet.2016.05.029 5. Murphy, R. (2015): “European Banks’ Country-by-Country Reporting A review of CRD IV.” ax Research LLP Greens / EFA MEPs European Parliament 6. Dyreng, S. D. D. (2014): “Public pressure and corporate tax behaviour WP 14/16.” |
| Předběžná náplň práce |
| 1. Introduction
2. Literature review 3. Empirical analysis 4. Discussion 5. Conclusion |