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DTSTART;TZID=Europe/Helsinki:20221128T121500
DTEND;TZID=Europe/Helsinki:20221128T133000
DTSTAMP:20260723T055356
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SUMMARY:Mathieu PARENTI (ULB ) "Multinational Enterprises and International Tax Shifting: Evidence from Shutting Down the Mauritius Route to India "
DESCRIPTION:The Macroeconomics Seminar:\nTime: 12:15 pm – 13:30 pm\nDate: 28th of Novembre 2022 \nRoom 3001 \nMathieu PARENTI (ULB ) “Multinational Enterprises and International Tax Shifting: Evidence from Shutting Down the Mauritius Route to India ” \nAbstract : Multinational enterprises exploit gaps in international taxation rules to artificially shift their tax liability to low-tax countries. Huge empirical challenges arise in understanding international tax loopholes due to limited coverage of tax haven countries in available data sources and even more limited experience of plugging tax loopholes internationally. This paper contributes to both these areas by examining foreign investments and international tax loopholes through new administrative transaction data from India. Gravity models of Foreign Direct Investment (FDI) inflows to India show a stark outlier – Mauritius – with which India has a bilateral tax treaty that contained a loophole allowing both Indian and foreign firms to avoid capital gains tax on profits of company sales. In 2016\, India and Mauritius agreed to reform treaty\, removing the loophole. and changing effective tax rates to investments in India through Mauritius. Following the reform\, we show that the volume of FDI flowing to India through Mauritius falls\, compared to FDI from other routing countries. Firm-level micro data confirms the finding that foreign investors reduced their investments through Mauritius\, with some diversion to investments from other tax haven channels. Indian firms who had received FDI through Mauritius before the policy change did not experience a relative fall in total FDI inflows. Plugging international tax loopholes therefore reduced tax avoidance possibilities without sacrificing the potential to attract foreign investment. \njoint with: Josh De Lyon (Oxford & OECD) and Swati Dhingra (London School of Economics\, CEP\, & CEPR). \nOrganizers:\nAlessandro RIBONI (CREST) \nSponsors:\nCREST \n
URL:https://crest.science/event/mathieu-parenti-ulb-t-b-a/
CATEGORIES:Macroeconomics
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DTSTART;TZID=Europe/Helsinki:20221128T140000
DTEND;TZID=Europe/Helsinki:20221128T151500
DTSTAMP:20260723T055356
CREATED:20221124T133536Z
LAST-MODIFIED:20221124T133536Z
UID:14334-1669644000-1669648500@crest.science
SUMMARY:Angelika Rohde (University of Freiburg) "Sharp adaptive similarity testing with pathwise stability for ergodic diffusions"
DESCRIPTION:Statistical Seminar: Every Monday at 2:00 pm.\nTime: 2:00 pm – 3:15 pm\nDate: 28th of Novembre 2022\nPlace: Room 3001 \nAngelika Rohde (University of Freiburg) “Sharp adaptive similarity testing with pathwise stability for ergodic diffusions” \nAbstract:Within the nonparametric diffusion model\, we develop a multiple test to infer about similarity of an unknown drift $b$ to some reference drift $b_0$: At prescribed significance\, we simultaneously identify those regions where violation from similarity occurs\, without a priori knowledge of their number\, size and location. This test is shown to be minimax-optimal and adaptive. At the same time\, the procedure is robust under small deviation from Brownian motion as the driving noise process. A detailed investigation for fractional driving noise\, which is neither a semimartingale nor a Markov process\, is provided for Hurst indices close to the Brownian motion case. \n  \nOrganizers:\nCristina BUTUCEA (CREST)\, Alexandre TSYBAKOV (CREST)\, Karim LOUNICI (CMAP) \, Jaouad MOURTADA (CREST)\nSponsors:\nCREST-CMAP \n
URL:https://crest.science/event/angelika-rohde-university-of-freiburg-sharp-adaptive-similarity-testing-with-pathwise-stability-for-ergodic-diffusions/
CATEGORIES:Statistics
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