Third year of CORPTAX
We are happy that 2023 treated CORPTAX mostly well, and we are here to share the successes – and to remind prospective PhD students that we are hiring junior researchers this year.
We had several papers accepted for publication in academic journals, all of which are listed in our publications. As a notable example, World Development, a leading academic journal in development studies and economics, published a research article, “Profit shifting of multinational corporations worldwide,” by Petr Janský and Javier Garcia-Bernardo. Their main findings are: (i) Multinationals shifted $850 billion in profits. (ii) The Cayman Islands are the largest haven. (iii) US multinationals are the most aggressive. (iv) Low-income countries lose a larger share of their taxes. The article can be downloaded here; a summary is available as a policy brief or via Twitter. The research paper has been frequently cited as a working paper ahead of its publication by academic journals, influential international organisations, and media such as The Economist and the Financial Times.
Our junior researchers and PhD students have been progressing with their research papers, which they presented at conferences and during research stays. Alessandro Chiari had his solo-author paper published in the Review of Development Economics and had productive research stays at the University of Copenhagen, the Pontifical Catholic University of Chile, and the National University of Australia. Marek Šedivý had a fruitful visit at the University College London; Evgeniya Dubinina stayed with our colleagues at the EU Tax Observatory in Paris; Valeria Secchini at the Enrico Fermi Study and Research Center in Rome. Daniel Kolář stayed at DIW Berlin and has a promising revise and resubmit on his solo-authored paper. Bathusi Gabanatlhong had a chance to exploit her National Tax Association fellowship at a conference in Denver and has been developing her path-breaking, solo-authored research. In his first year of PhD studies not yet finished, Tomáš Boukal had his first paper accepted for a presentation at an academic conference.
In addition to progressing with the publication of his existing research papers, Petr Janský initiated a couple of new projects using administrative tax data, examining the impact of corporate tax avoidance and the policies to counter it, including the global minimum tax. Matěj Bajgar continued to develop his research ideas; one of them examines the relationship between industry concentration and effective tax rates. Miroslav Palanský had two productive visits to Columbia University and University of Maryland, presented at several research seminars, including at the IMF, and is starting new projects in collaboration with tax authorities in several countries. He is also co-leading the local organizing committee of the International Institute of Public Finance congress to be held in Prague in August 2024, to which we are all looking forward to!
In 2023, CORPTAX researchers continued to actively contribute to DemoTrans. For example, we organised an online workshop and hosted an in-person project meeting in Prague, from which is the above photo.