Sounds really important.
@MForstater @JohanLangerock @alexcobham @FaccioTommaso @DanNeidle @JudithFreedmanhttps://twitter.com/YohannesBecker/status/1197844536703234049 …
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Yes this does look interesting - points to the need, I think to properly sense these calculations to work out whether the methodologies are picking up differences between accounting treatment, tax treatment & national statistics.
" in 2016 two-thirds of [US MNCs] foreign profits are reported in at least two different countries – once in the country of the parent affiliate and once in the country of the affiliate that generated the profit from its underlying operations"
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"To put things in perspective, some estimates of shifted profits are sometimes higher than the amount of profits in MNEs. "
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