TY - CEPII
A1 - Laurence Nayman
A1 - Vincent Vicard
TI - Profits des multinationales à l’étranger : mesure et impact sur leur pays d’origine
IS - 2018-A- 01
T3 - Panorama du CEPII
KW - FDI income
KW - multinational firms
KW - tax havens
KW - current account
KW - balance of payments
N2 - This panorama measures the national income linked to the activity abroad of multinational enterprises, recorded in the foreign direct investment (FDI) income item of the balance of payments. These FDI income flows have been more dynamic than the other current account items (goods, services, other primary income and secondary income) so that their share in world flows doubled between 1995 and 2015. They contribute positively to the current account balance of high-income countries, but negatively to that of the rest of the world. As a result, they add to the gross national income (GNI) of high-income countries. The predominant role of tax havens in FDI income flows underlines the significance of tax issues in the measurement and analysis of multinationals activity.
ER -