光華講壇——社會(huì)名流與企業(yè)家論壇第6537期
主題：Risk Shifting and Profit Shifting of Chinese Multinational Enterprises
主講人：遼寧大學(xué)金融與貿(mào)易學(xué)院副院長(zhǎng) 馬湘君教授
主持人：西南財(cái)經(jīng)大學(xué)國(guó)際商學(xué)院副院長(zhǎng) 蔣為教授
講座時(shí)間：5月31日 14:00-15:30
舉辦地點(diǎn)：誠(chéng)正樓230
主辦單位：國(guó)際商學(xué)院 一流學(xué)科培優(yōu)集成創(chuàng)新平臺(tái)“新發(fā)展格局與高水平對(duì)外開(kāi)放研究團(tuán)隊(duì)” 科研處
個(gè)人簡(jiǎn)介：
馬湘君，遼寧大學(xué)教授、博士生導(dǎo)師，金融與貿(mào)易學(xué)院副院長(zhǎng)兼中國(guó)經(jīng)濟(jì)研究院副院長(zhǎng)，弗吉尼亞大學(xué)（University of Virginia）經(jīng)濟(jì)學(xué)博士。曾任對(duì)外經(jīng)濟(jì)貿(mào)易大學(xué)副教授、德勤稅務(wù)美國(guó)（Deloitte Tax LLP）轉(zhuǎn)移定價(jià)經(jīng)濟(jì)學(xué)家/經(jīng)理（硅谷辦公室）、北京大學(xué)國(guó)家發(fā)展研究院訪(fǎng)問(wèn)學(xué)者、商務(wù)部世界貿(mào)易組織司借調(diào)干部。研究方向?yàn)閲?guó)際貿(mào)易、國(guó)際稅收與跨國(guó)公司、應(yīng)用微觀(guān)經(jīng)濟(jì)學(xué)等，所著論文曾發(fā)表于Journal of International Economics等一流國(guó)際期刊，并曾主持國(guó)家自然科學(xué)基金、北京市社會(huì)科學(xué)基金等青年項(xiàng)目。主講課程包括國(guó)際貿(mào)易、微觀(guān)經(jīng)濟(jì)學(xué)、經(jīng)濟(jì)學(xué)原理等，曾獲北京市青年教師基本功大賽二等獎(jiǎng)、最佳教案獎(jiǎng)，對(duì)外經(jīng)濟(jì)貿(mào)易大學(xué)優(yōu)秀教學(xué)獎(jiǎng)、青年教師基本功大賽一等獎(jiǎng)、微課大賽三等獎(jiǎng)、歷年教學(xué)評(píng)比前 10%等榮譽(yù)。
內(nèi)容摘要：
The existing literature in the profit shifting activities of multinational enterprises (MNEs) is mostly concentrated on developed countries, while the situation in developing countries may be different because their statutory corporate tax rates are relatively low and they often employ various preferential tax policies to attract foreign direct investment or develop domestic industries. This paper studies one implicit profit shifting strategy of Chinese MNEs, risk shifting, considering the Chinese preferential tax regime and using micro data of manufacturing firms. MNEs can shift profits to countries with low tax rates by shifting the operating risk involved in internal transactions. We find that when the corporate tax rate differential between China and the foreign country rises by 10%, the risk remaining in the Chinese parents decreases by 10% from the mean value, and the profit remaining decreases by 8.4%. The risk shifting effects are more significant among MNEs whose internal transactions involve more R&D risk, market risk, inventory risk, or credit risk, and among large MNEs; while less significant among MNEs with more domestic tax-saving instruments. We also estimate that the annual loss of corporate tax revenue in China is around $11.2 billion, which is 2.8% of the corporate tax base, lower than the estimates based on data of developed countries.
