INDICATIONS OF INCENTIVE TINCOME SHIFTING BY TRANSFER PRICE IN MANAUS FREE TRADE ZONE COMPANIES
The objective of this article is to investigate indications of incentive to the practice of income shifting by transfer price in multinational companies of the Manaus Free Trade Zone by means of the following research question: how do the multinational companies of the Manaus Industrial Complex show...
| Autores: | , , , |
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| Tipo de recurso: | artículo |
| Estado: | Versión publicada |
| Fecha de publicación: | 2018 |
| País: | Brasil |
| Institución: | Universidade Federal do Rio Grande do Norte (UFRN) |
| Repositorio: | Revista Ambiente Contábil |
| Idioma: | portugués |
| OAI Identifier: | oai:periodicos.ufrn.br:article/12415 |
| Acceso en línea: | https://periodicos.ufrn.br/ambiente/article/view/12415 |
| Access Level: | acceso abierto |
| Palabra clave: | Transfer Price. Income shifting. Fiscal aggressiveness. Transfer Price. Income shifting. Agresividad fiscal. Transfer Price. Income shifting. Agressividade fiscal |
| Sumario: | The objective of this article is to investigate indications of incentive to the practice of income shifting by transfer price in multinational companies of the Manaus Free Trade Zone by means of the following research question: how do the multinational companies of the Manaus Industrial Complex show signs of incentive to practice shifting income through the transfer price? The research has descriptive character, quantitative approach and multicase study. Financial statements for the years 2013 to 2016 of 08 multinationals were examined using two methods of fiscal aggressiveness: BTD - Book Tax Difference and ETR - Effective Tax Rate. Also, the vertical analysis of the account related parties of the ZFM subsidiaries was useful. It was verified that the matrices are more aggressive than the affiliates because they presented higher occurrences of positive BDT's and results of ETR similar to that of the branches. However, in a detailed analysis of the results it is concluded that the different conditions established by the Manaus Free Trade Zone, confirmed by the greater number of reduced ETR results, demonstrate especially in 04 companies, the existence of incentives for the practice of income shifting by means of transfer price, where the matrices can transfer results to the subsidiaries in order to be taxed at a reduced rate, to be tax exempt or to resort to the use of credits and tax benefits. The results confirm the ability of the Manaus Free Trade Zone to attract international investments and demonstrate the effectiveness of the current rules of Brazilian legislation on transfer prices, since, despite incentives, no evidence was found of the practice of income shifting among ZFM parent companies and subsidiaries in almost 88% of the sample. |
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