Prof. Petr Janský's research cited by OECD

At the end of May, a meeting of finance ministers and central bank governors of the G7 countries took place in Italy. One of the annexes to the final communiqué was the “Progress Report on Tax Co-operation for the 21st Century: OECD Report for the G7 Finance Ministers and Central Bank Governors.” This report is based on citations from several expert studies, including the work of our colleague Professor Petr Janský and A. Cobham titled “Global distribution of revenue loss from corporate tax avoidance: re‐estimation and country results.” Specifically, in the OECD report (section 3.2), there is a citation about how developing countries are more exposed to the phenomenon of profit shifting by multinational corporations (and thus to potential revenue losses) than developed countries.

If you are interested in contributing to similarly valuable research or are curious about the issue of profit shifting by multinational corporations to tax havens and the development of European and global discussions on the possibilities of new tax rule settings, we recommend following the projects CorpTax and DemoTrans, led by our colleagues.