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040			_aCO-BoUGC _cCO-BoUGC
100	1		_aSimone, Lisa De _9177641
245	1	0	_aUnprofitable affiliates and income shifting behavior _cLisa De Simone, Kenneth J. Klassen & Jeri K. Seidman
300			_aPáginas 113 a la 136
520	3		_aIncome shifting from high-tax to low-tax jurisdictions is considered a primary method of reducing worldwide tax burdens of multinational firms. Current losses also affect income shifting incentives. We extend prior approaches by explicitly considering unprofitable affiliates and test whether the association between losses and tax incentives for unprofitable affiliates deviates from the negative association observed in profitable affiliates. Results suggest that multinational firms alter the distribution of reported profits to take advantage of losses. Our point estimate for profitable affiliates implies that an increase of one standard deviation in the tax incentive, C, of an affiliate with an average return on assets of 13.3 is associated with a lower return on assets of 0.5 percentage points. The same change in tax incentive of an unprofitable affiliate is associated with an increase in its return on assets of approximately 0.7 percentage points, holding assets, labor, productivity, and other factors constant. We further document a larger responsiveness to tax incentives between profitable and unprofitable affiliates in high-tax jurisdictions, consistent with predictions.
650	1	4	_991036 _aContabilidad _vPublicaciones seriadas
650	2	4	_aRentas _vPublicaciones seriadas _9177642
650	2	4	_aPérdidas (Negocios) _vPublicaciones seriadas _9177643
690			_aPrecios de transferencia _9177644
700	1		_aKlassen, Kenneth J. _9177645
700	1		_aSeidman, Jeri K. _9177646
773	0		_082265 _9377624 _aThe accounting review 2017 V.92 No.3 (May) _o0000002032284 _x0001-4826 (papel) _h24 páginas _nIncluye tablas, referencias bibliográficas y apéndices
942			_2ddc _cART