🚨New working paper!🚨. With @pierrebachas, @AnneBrockmeyer and @Roel_Dom, we study how firms use tax incentives to lower their effective tax rate (ETR). How do ETRs vary with firm size? And what are the implications for the global minimum tax? . A short 🧵👇[1/6].

RT @taxobservatory: 1/How do MNEs shift profits to tax havens & who’s doing most of it?. Using #German administrative data, authors show:.🔹….

RT @ManuelMenkhoff: 📢 I am on the academic job market. 🌐 In my JMP, I study firms’ beliefs about macroeconomic tai….

RT @AnneBrockmeyer: Excited about the launch of DaTax! 🔥.A Lab to study taxes, firms & jobs using micro tax data . In addition to WB staff….

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RT @amorygethin: Excited to present my job market paper!.Exploiting a unique microdatabase, I estimate that education accounts for:.1⃣ 50%….

RT @JakobMiethe: 📑WP alert!.Worried about international tax evasion? With my fantastic coauthors @annette_als, @CasiElisa, and @stage_barb,….

Thrilled to have my amazing co-author @AnneBrockmeyer presenting our paper with @pierrebachas at the @nberpubs public conference today! . Tune in if you have the chance ▶️👇.

Thank you @irlacher_m and @UGlogowsky for organizing such an incredible workshop!.

RT @StoneEcon_UCL: ❓ Do firms end up paying less tax than they should?. @pierrebachas @AnneBrockmeyer @Roel_Dom and @CSemelet calculate eff….

RT @GeorgThunecke: 🚨 WP Alert🚨.Do local governments respond to their neighbors corporate and property tax policy choices?. @Valeria7Merlo,….

RT @AnneBrockmeyer: 📢Conference alert 📢. We are thrilled to host the 5th @worldbank @TheIFS @ODI_globalresearch conference in London on Sep….

RT @taxobservatory: 📄WORKING PAPER | Effective Tax Rates and Firm Size. @pierrebachas, @AnneBrockmeyer, @Roel_Dom & @CSemelet study how fir….

We are also grateful for the excellent collaboration from our government partners acknowledged in the paper; and for brilliant comments and feedback from many individuals. You know who you are, thank you!.

RT @cepr_org: New CEPR Discussion Paper - DP17985."Effective Tax Rates and Firm Size". By @pierrebachas @wb_research @WorldBank, @AnneBrock….

Many thanks to @AlipioF, @adrienne_lees, @giulia_mascagni, @kylemcnabb, @vedanth_nair, @Edris_Seid1 and Ben Waltmann for helping run the analysis!.

Full CEPR Discussion paper here: . Summary here: Work supported by @worldbank @wb_research @TheIFS #TaxDev @fcdo @ukri_news #UKRIFLF @ifo_Institut . [6/6].

This implies large gains from the @oecdtax #G20 Global Minimum Tax!.We simulate a simple min tax of 15% on the 1% largest firms in each country. Eliminating tax incentives to ensure ETR >= 15% implies a 27% increase in corporate tax revenue in the median country [5/6]

What explains these patterns? .For small firms, lower ETR is due to reduced tax rates and losses. For large firms, ETRs are lowered by tax credits for investments, exempt income, & benefits through special economic zones lower ETRs [4/6].

What do we find? .1) Countries spend 0.9% of GDP on tax incentives: ETRs <<< statutory tax rates.2) ETRs systematically vary with firm size: ETRs first increase in firm size, and then drop for the largest firms [3/6]