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Thomas Tørsløv
University of Copenhagen
Thomas Tørsløv is a Ph.D. student at the University of Copenhagen and the Ministry of Taxation of Denmark. His research focus is on tax avoidance by multinational companies.
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The missing profits of nations
Between 1985 and 2018, the global average statutory corporate tax rate fell by more than half. This article uses new macroeconomic data to argue that profit-shifting is a key driver of this decline. Close to 40% of multinational profits were artificially shifted to tax havens in 2015, and this massive tax avoidance – and the failure to curb it – are in effect leading more and more countries to give up on taxing multinational companies.
10 October 2018
Macroeconomics
Macroeconomics
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