Thursday, May 21, 2020
The University of North Carolina and Tax Policy Center host a virtual conference on Responding to Income Shifting by Multinational Corporations today at 9:30 am to 12:00 pm EDT (register):
Over the past few decades, corporate income tax rates and revenues have eroded worldwide as multinational corporations have shifted their reported profits from intangible assets to low-tax jurisdictions. In its study of base erosion and profit shifting, the Organisation for Economic Co-operation and Development (OECD) recommended ways to limit abusive transactions that shift profits to low-tax jurisdictions and to improve corporate income reporting worldwide. The OECD is now considering more fundamental revisions of global rules for taxing multinational corporations that would either assign more profits to countries where goods and services are sold or impose new global minimum taxes on the intangible profits of a country’s resident companies.
Keynote Address: Pascal Saint-Amans (Director, Centre for Tax Policy and Administration, OECD)
Panel #1: How Big a Problem is Income Shifting?
- Kimberly Clausing (Reed College; moving to UCLA)
- Scott Dyreng (Duke)
- Leslie Robinson (Dartmouth)
- Gabriel Zucman (UC-Berkeley)
- Edward Maydew (University of North Carolina Tax Center) (moderator)
Panel #2: The OECD’s Response to Income Shifting
- Manal Corwin (KPMG)
- Lisa De Simone (Stanford)
- Victoria Perry (IMF)
- Daniel Shaviro (NYU)
- Thornton Matheson (Tax Policy Center) (moderator)