Faculty of Business and Economics - list of publications


The following list contains all information available to the publication.

NERUDOVÁ, D. -- SOLILOVÁ, V. -- LITZMAN, M. -- JANSKÝ, P. International tax planning within the structure of corporate entities owned by the shareholder-individual through Panama Papers destinations. Development Policy Review. 2020. v. 38, no. 1, p. 124--139. ISSN 0950-6764. URL: https://onlinelibrary.wiley.com/doi/abs/10.1111/dpr.12403?af=R

Original name: International tax planning within the structure of corporate entities owned by the shareholder-individual through Panama Papers destinations
Czech name:
Written by (author):
prof. Ing. Danuše Nerudová, Ph.D.
Ing. Veronika Solilová, Ph.D.
Bc. Ing. Marek Litzman, Ph.D.
Petr Janský
Department:
Department of Accounting and Taxes
Kind of publication:
article in a professional periodical
Periodical: Development Policy Review
Nature of article:
paper
Volume no. (year):
38
Periodical number within the volume: 1
Year of publication:
2020
Starting page: 124
Up to page:
139
Number of pages:
16
Sub-specification: článek je obsažen v databázi Web of Science
UT code by Web of Science:
EID code by Scopus:
Form of publication: printed version
Original language: English
Description in original language: Motivation: Panama Papers scandal opened discussions about the importance of financial secrecy, anonymous ownership and/or shell companies with respect to a profit-shifting and an avoidance of taxation. Therefore we would like to indicate the importance of international tax planning within the structure of corporate entities owned by shareholder-indiviudal through Panama Papers destinations. Purpose: As Panama Papers scandal identified individuals from European member states, who used Panama Papers destinations for avoiding taxation, our main research questions were to identify profit-shifting channels and consequently to estimate related government revenue losses. Methods: As a research method we applied micro- data analysis of financial statements of multinational companies (MNEs) owned by the shareholder-individual. We used the data on companies from Amadeus/Orbis database. The results of our paper is based on the comparison of the two groups (with and without links to Panama Papers tax havens) and calculated profit-shifting indicators. Findings: Our research identified that generally the profit-shifting is done through the shift of operating revenues or the costs, however the use of debt channel in profit-shifting is also important. Further, we determined that the group with the link to tax haven has by 16.62% lower tax payable per unit of profit before tax and in order to generate one unit of profit before taxation it is enough to generate by 62.55% lower operating revenue. Finally, related government revenue losses were determined in the amount of 8.67 billion euros. Policy implication: Our results are of relevance for the discussions of the European Commission's newly proposed Common Consolidated Corporate Tax Base (CCCCTB) proposal which can freeze the current state of profit-shifting out of the European Union into tax havens. Further, our research highlights the importance of the establishment of the registries of ultimate beneficiary owners in EU Members States. As this data gained from this registry can be used for the direct research of the involvement of shareholders-individuals in profit-shifting.
Description in English:
Description in Czech:
Year of submission:
2020
Year of transmission:
RIV identification number:
URL:
https://onlinelibrary.wiley.com/doi/abs/10.1111/dpr.12403?af=R
 
Entry made by:
Last change:
12/11/2019 09:48 (Markéta Hejčová, DiS.)

Evaluation of publication:

1
2
3
4
5
        
12
3
4
5
bad
 
good
        
uninteresting
 
interesting
Assessed: 0Average score: -
        
Assessed: 0
Average score: -
1
2
3
4
5
        
12
3
4
5
amateur
 
professional
        
theoretical
 
practical
Assessed: 0
Average score: -        Assessed: 0
Average score: -


Source specification:

Development Policy Review. Hoboken: ISSN 0950-6764.

Original name:
Development Policy Review
Czech name:
Written by (author):
Kind of publication:
magazine
ISSN:
0950-6764
Country of publisher:
United States of America
Place of publishing:
Hoboken
Publisher: John Wiley & Sons.
URL:
Reviewed magazine: no
Original language:
English
Description in original language:
Description in English:
Description in Czech:
 
Entry made by:
Last change:
01/16/2019 14:53 (Šárka Novotná)

Evaluation of publication:

1
2
34
5
        
123
4
5
bad
 
good
        
uninteresting
 
interesting
Assessed: 0
Average score: -
        Assessed: 0
Average score: -
1
2
3
45
        
123
4
5
amateur
 
professional
        
theoretical
 
practical
Assessed: 0Average score: -
        
Assessed: 0
Average score: -