一♋️💑、主题🗿： Havens Lost, Profits Retained, and Economy Hurt: Effects of Anti-Tax Avoidance on MNCs in China
二、主讲人🏂🏼：刘志阔，复旦大学经济K8凯发和中国社会主义市场经济研究中心副教授，主要研究方向是企业创新🎯、税收政策和国际税收🤱🏽，已有成果发表于《经济研究》、《管理世界》等权威杂志🟦，并获得多项省部级奖项和国家级课题🫶🏻。
三👩‍👧‍👦、时间：2020年9月29日星期二，下午16:00-17:30
四、地点🛍：腾讯会议ID👩‍🦯‍➡️：527 521 863
五、主持人💇：王雅琦，国际金融系副教授 

Abstract: Anti-tax avoidance on multinationals has been at the top of the international tax policy agenda since the 2008 global financial crisis. This paper employs the DDD method to identify the effects of anti-tax avoidance on MNCs in China and explores the channel through which the policy takes effect. We find that for MNCs from tax haven countries, the exposed MNCs’ profit-to-asset ratio increased by 0.8%, and profit shifting via import transfer pricing is largely curbed, with a reduction in unit values of 10–13%, which implies annual tax revenue retained amounting to 3–4% of MNCs’ tax returns in China. However, the retained profits are at the cost of a shrinking of the real economy, such as a salient decline in the FDI.