Garcia-Bernardo, Javier; Jansky, Petr; Torslov, Thomas - 2019
for MNCs headquartered in the US - from the Bureau of Economic Analysis - and in the EU - from Orbis - and we arrive at … 5% of the 7 and 9 percentage point declines in effective tax rates for US and EU MNCs, respectively. At the same time … both US and EU MNCs. Second, we find that US MNCs have primarily benefited from domestic tax base reductions, most of which …