International Transfer Pricing and Tax Avoidance: Evidence from Linked Trade-Tax Statistics in the United Kingdom

We thank Rosanne Altshuler, Steve Bond, Ron Davies, Ruud de Mooij, Michael Devereux, Dhammika Dharmapala, Jim Hines, Michael Keen, Niels Johannesen, Julien Martin, Joel Slemrod, Johannes Voget, and seminar participants at the IMF, Federal Reserve Board, HM Treasury, University of Rutgers, Michigan, Oxford, and CESifo Summer Institute 2018 for helpful comments. We acknowledge financial support from the ESRC under grant ES/L000016/1. We also thank the staff at Her Majesty's Revenue and Customs' Datalab for access to the data and their support of this project. This work contains statistical data from HMRC, which is under Crown copyright. The research data sets used may not exactly reproduce HMRC aggregates. The use of HMRC statistical data in this work does not imply the endorsement of HMRC in relation to the interpretation or analysis of the information. All results have been screened by HMRC to ensure confidentiality is not breached. The views expressed are our own and do not necessarily represent the views of the IMF, its Executive Board, IMF management, the Federal Open Market Committee, its principals, or the Board of Governors of the Federal Reserve System.

A supplemental appendix is available online at http://www.mitpressjournals.org/doi/suppl/10.1162/rest_a_00871.