一、主題： Havens Lost, Profits Retained, and Economy Hurt: Effects of Anti-Tax Avoidance on MNCs in China
二、主講人：劉志闊，複旦大學經濟學院和中國社會主義市場經濟研究中心副教授，主要研究方向是企業創新、稅收政策和國際稅收，已有成果發表于《經濟研究》、《管理世界》等權威雜志，并獲得多項省部級獎項和國家級課題。
三、時間：2020年9月29日星期二，下午16:00-17:30
四、地點：騰訊會議ID：527 521 863
五、主持人：王雅琦，國際金融系副教授 

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.