Ludvig Wier

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Ludvig Wier

Ludvig Wier

@LudvigWier

Director at the Danish Ministry of Foreign Affairs - views are my own // Previously at @UCBerkeley & @Finansmin // PhD in Econ @uni_copenhagen

Danmark Katılım Ocak 2018
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Ludvig Wier
Ludvig Wier@LudvigWier·
Can't believe this paper is finally out!😍 It has been six years in the works - almost spanning my entire career😅 Phew. What did we do? Why did it take so long? And is it worth the read? 🙏A personal (long) thread below👇🧵 1/10 twitter.com/RevEconStudies…
The Review of Economic Studies@RevEconStudies

@TTorslov, @LudvigWier and @gabriel_zucman estimate that 36% of multinational profits are shifted to tax havens globally. U.S. multinationals shift twice as much profit as other multinationals relative to the size of their foreign earnings. restud.com/paper/the-miss…

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Gabriel Zucman
Gabriel Zucman@gabriel_zucman·
So grateful 🙏 Text of the short speech I gave at the AEA meetings in San Antonio econ.berkeley.edu/content/gabrie…
Berkeley Economics@berkeleyecon

Celebrating @gabriel_zucman's 2023 John Bates Clark Medal: "None of this would have been possible in any place other than Berkeley."— a shoutout to our university's unmatched support and intellectual environment @berkeleyecon. @ASSAMeeting @ucbstone  econ.berkeley.edu/content/gabrie…

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Ludvig Wier
Ludvig Wier@LudvigWier·
@taxleonard @goodtaxtakes That would be an interesting exercise. I do it in the SA paper section 5, but data is classified. Gabriel zooms in on the US tech firms 10-k's in the paper above. @Brad_Setser do you if anyone has tried to make a top-ten list of profit shifters using public data?
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Ludvig Wier
Ludvig Wier@LudvigWier·
@Tyler_Menzer I do the entire analysis using ORBIS in section 7 (replicating the OECD BEPS estimates but using size bins) (2/2)
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Ludvig Wier
Ludvig Wier@LudvigWier·
@Tyler_Menzer Hi Tyler, thank you :) I unfortunately can't share more charachteristics on sub-groups then what is in the paper. However, some info in section 5: roughly a third of total profit shifting done by the extractive sector and 20 percent from financial firms. (1/2)
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Ludvig Wier
Ludvig Wier@LudvigWier·
New paper in IMF Economic Review! rdcu.be/cX3hp “The Dominant Role of Large Firms in Profit Shifting” w/ Hayley Erasmus In short: We find that the bulk of profit shifting occurs at the very top, while the majority of firms shift little or no profits. Short🧵👇(1/7)
Ludvig Wier tweet media
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Leonard Wagenaar
Leonard Wagenaar@taxleonard·
@goodtaxtakes I don’t know the answer. But it would be useful to (1) sanity check these bold conclusions and (2) pinpoint the problem. 4/4
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Gabriel Zucman
Gabriel Zucman@gabriel_zucman·
Thank you to the @AEAInformation for this incredible honor — immensely grateful to the many co-authors, mentors, colleagues, and students from which I have learned so much, and who made all this research possible! aeaweb.org/about-aea/hono…
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Ludvig Wier
Ludvig Wier@LudvigWier·
In 2012, the world’s biggest economies agreed to crack down on multinational corporations’ abusive use of tax havens. Since then profit shifting to tax havens has doubled as a share of multinational profits. New op-ed w/@gabriel_zucman theconversation.com/1-trillion-in-…
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Keşfet

@gabriel_zucman @okoctk @phdskat @TTorslov @Brad_Setser @taxleonard @goodtaxtakes @ITAXjournal