Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies?: Gabriel Zucman
NEP/RePEc link
to paper
d.repec.org
February 10, 2026 at 1:52 PM
Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies?: Gabriel Zucman
60 years ago, Kwame Nkrumah wrote about profit shifting draining Africa’s wealth. Today, a colonial-era global tax system still lets multinationals hide profits—costing Africa approx. $90bn per year.
Read more here: https://africasacountry.com/2026/01/what-kwame-nkrumah-knew-about-profit-shifting
Read more here: https://africasacountry.com/2026/01/what-kwame-nkrumah-knew-about-profit-shifting
What Kwame Nkrumah knew about profit shifting
From colonial accounting tricks to modern tax havens, Nkrumah understood how capital escapes, and why political independence was never enough.
africasacountry.com
February 10, 2026 at 6:15 AM
60 years ago, Kwame Nkrumah wrote about profit shifting draining Africa’s wealth. Today, a colonial-era global tax system still lets multinationals hide profits—costing Africa approx. $90bn per year.
Read more here: https://africasacountry.com/2026/01/what-kwame-nkrumah-knew-about-profit-shifting
Read more here: https://africasacountry.com/2026/01/what-kwame-nkrumah-knew-about-profit-shifting
Musk knows his Starship might land on Mars in 30 years. But there's no profit there as @neildegrassetyson.com points out. By getting Trump to install Isaacman at NASA, $BILLIONS begin pouring in to SpaceX immediately. Shifting his focus to the moon. Right.
I wrote a sonnet about the Moon as the initial focus.
February 9, 2026 at 7:22 PM
Musk knows his Starship might land on Mars in 30 years. But there's no profit there as @neildegrassetyson.com points out. By getting Trump to install Isaacman at NASA, $BILLIONS begin pouring in to SpaceX immediately. Shifting his focus to the moon. Right.
Load shifting and improving energy efficiency could reduce the need for new power plants, but utilities profit more from building than saving power.
grist.org/energy/the-u...
grist.org/energy/the-u...
The US doesn't need to generate as much new electricity as you think
Greater energy efficiency and load shifting could help meet rising electricity needs at a fraction of the cost of building new power plants.
grist.org
February 9, 2026 at 5:35 PM
Load shifting and improving energy efficiency could reduce the need for new power plants, but utilities profit more from building than saving power.
grist.org/energy/the-u...
grist.org/energy/the-u...
February 9, 2026 at 5:12 PM
Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies?: Gabriel Zucman
NEP/RePEc link
to paper
d.repec.org
February 9, 2026 at 12:54 AM
Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies?: Gabriel Zucman
🚨 Our New research shows ending corporate profit shifting would raise $700B+ annually.
We're bringing these reforms to UN negotiators currently drafting a Global Tax Convention.
The wealth exists. Time to claim it. 🌍💪
publicservices.international/resources/ne...
We're bringing these reforms to UN negotiators currently drafting a Global Tax Convention.
The wealth exists. Time to claim it. 🌍💪
publicservices.international/resources/ne...
February 6, 2026 at 5:24 PM
🚨 Our New research shows ending corporate profit shifting would raise $700B+ annually.
We're bringing these reforms to UN negotiators currently drafting a Global Tax Convention.
The wealth exists. Time to claim it. 🌍💪
publicservices.international/resources/ne...
We're bringing these reforms to UN negotiators currently drafting a Global Tax Convention.
The wealth exists. Time to claim it. 🌍💪
publicservices.international/resources/ne...
Domestic population. In fact, she's really saying the quiet part out loud. This service, this sector, on which we rely to advance our personal ambitions and to move society forward through knowledge, now serves primarily as an engine of profit, we are comfortable shifting that economic burden (4/)
February 6, 2026 at 8:43 AM
Domestic population. In fact, she's really saying the quiet part out loud. This service, this sector, on which we rely to advance our personal ambitions and to move society forward through knowledge, now serves primarily as an engine of profit, we are comfortable shifting that economic burden (4/)
Swiss analyst: I watch $LVMUY (MC.PA). LVMH faces cognac softness and strikes, but jewellery margin ascent and FCF resilience make this a buy; 12m +30%. analysi. https://www.thefashionlaw.com/lvmh-reports-revenue-and-profit-declines-in-2025-amid-shifting-demand/
February 6, 2026 at 8:05 AM
Swiss analyst: I watch $LVMUY (MC.PA). LVMH faces cognac softness and strikes, but jewellery margin ascent and FCF resilience make this a buy; 12m +30%. analysi. https://www.thefashionlaw.com/lvmh-reports-revenue-and-profit-declines-in-2025-amid-shifting-demand/
But that is not how it works in valuation models.
No matter how look at it, Amazon is taking on significant risks. It can bear those risks, but I'm not sure the equity valuation can be defended while these investments are ongoing.
The profit pool is shifting from mega tech to infrastructure.
No matter how look at it, Amazon is taking on significant risks. It can bear those risks, but I'm not sure the equity valuation can be defended while these investments are ongoing.
The profit pool is shifting from mega tech to infrastructure.
February 6, 2026 at 7:27 AM
But that is not how it works in valuation models.
No matter how look at it, Amazon is taking on significant risks. It can bear those risks, but I'm not sure the equity valuation can be defended while these investments are ongoing.
The profit pool is shifting from mega tech to infrastructure.
No matter how look at it, Amazon is taking on significant risks. It can bear those risks, but I'm not sure the equity valuation can be defended while these investments are ongoing.
The profit pool is shifting from mega tech to infrastructure.
Shell Stock Dips After Profit Miss – The old guard of traditional finance is facing a reckoning, and even giants like Shell aren’t immune. Recent earnings figures have sparked concern among investors, highlighting the vulnerability of established energy players in a rapidly shifting economic landsca
Shell Stock Dips After Profit Miss
Shell stock slips after profit miss as investors weigh buyback and dividend boost - TechStock²
tmastreet.com
February 5, 2026 at 1:26 PM
Shell Stock Dips After Profit Miss – The old guard of traditional finance is facing a reckoning, and even giants like Shell aren’t immune. Recent earnings figures have sparked concern among investors, highlighting the vulnerability of established energy players in a rapidly shifting economic landsca
Icymi
As @sbworkersunited.org continue the fight for collective agreement, higher pay and better conditions, new report @cictar.bsky.social exposes Starbuck's profit-shifting to Switserland leaving hardly any taxes in coffee producing countries undermining funding public services
@epsu.bsky.social
As @sbworkersunited.org continue the fight for collective agreement, higher pay and better conditions, new report @cictar.bsky.social exposes Starbuck's profit-shifting to Switserland leaving hardly any taxes in coffee producing countries undermining funding public services
@epsu.bsky.social
Starbucks’ shifts profits to Switzerland, leaving scant revenue for coffee-producing countries. Read all about it in the new CICTAR report:
cictar.org/all-research...
cictar.org/all-research...
The ‘Swiss Swindle’ — Does Starbucks short-change coffee-producing countries? — Centre for International Corporate Tax Accountability and Research
While claiming 99% of its coffee beans are ‘ethically’ sourced, Starbucks’ shifts profits to Switzerland, leaving scant revenue for coffee-producing countries and perpetuating poverty in farming commu...
cictar.org
February 5, 2026 at 6:18 AM
Icymi
As @sbworkersunited.org continue the fight for collective agreement, higher pay and better conditions, new report @cictar.bsky.social exposes Starbuck's profit-shifting to Switserland leaving hardly any taxes in coffee producing countries undermining funding public services
@epsu.bsky.social
As @sbworkersunited.org continue the fight for collective agreement, higher pay and better conditions, new report @cictar.bsky.social exposes Starbuck's profit-shifting to Switserland leaving hardly any taxes in coffee producing countries undermining funding public services
@epsu.bsky.social
Yeah I mean definitely in this moment rn it is. Again I think this shit sucks I also hear these conversations happening though and the industry Is shifting in this direction. Companies are profit-driven to the extent they're willing to (on average) sacrifice quality by overworking senior staff -
February 4, 2026 at 11:26 PM
Yeah I mean definitely in this moment rn it is. Again I think this shit sucks I also hear these conversations happening though and the industry Is shifting in this direction. Companies are profit-driven to the extent they're willing to (on average) sacrifice quality by overworking senior staff -
It's also true that experienced executives and managers have also been ruined by the very rapidly shifting business and internet environment. The sad fact is that pretty much everyone running a for-profit news biz seeking a large audience has been ruined or is headed there, save the New York Times.
Its both true that the media business, which is what the news fundamentally is, is a very difficult business to run and to be successful, but its also an industry where companies executives and managers have been ruined upon entry because they tried to give the public something they didn't want
February 4, 2026 at 5:40 PM
It's also true that experienced executives and managers have also been ruined by the very rapidly shifting business and internet environment. The sad fact is that pretty much everyone running a for-profit news biz seeking a large audience has been ruined or is headed there, save the New York Times.
Say it again, louder, for the kids in the back: “Load shifting and improving energy efficiency could reduce the need for new power plants, but utilities often profit more from building than saving power.”
grist.org/energy/the-u...
grist.org/energy/the-u...
February 4, 2026 at 11:19 AM
Say it again, louder, for the kids in the back: “Load shifting and improving energy efficiency could reduce the need for new power plants, but utilities often profit more from building than saving power.”
grist.org/energy/the-u...
grist.org/energy/the-u...
Hmmm. I wonder what other, much easier ways there could be to return billions of dollars to the government's purse.
Removing fossil fuel subsidies, maybe? Charging mining royalties properly? Outlawing profit shifting, perhaps? Taxing the wealthy?
Removing fossil fuel subsidies, maybe? Charging mining royalties properly? Outlawing profit shifting, perhaps? Taxing the wealthy?
February 4, 2026 at 5:24 AM
Hmmm. I wonder what other, much easier ways there could be to return billions of dollars to the government's purse.
Removing fossil fuel subsidies, maybe? Charging mining royalties properly? Outlawing profit shifting, perhaps? Taxing the wealthy?
Removing fossil fuel subsidies, maybe? Charging mining royalties properly? Outlawing profit shifting, perhaps? Taxing the wealthy?
Smart money is shifting.
Not because boring is trendy.
Because boring is PROFITABLE.
And profit never goes out of style.
Not because boring is trendy.
Because boring is PROFITABLE.
And profit never goes out of style.
February 3, 2026 at 4:04 PM
Smart money is shifting.
Not because boring is trendy.
Because boring is PROFITABLE.
And profit never goes out of style.
Not because boring is trendy.
Because boring is PROFITABLE.
And profit never goes out of style.
Shift or Share? Profit Shifting and Workers’ Profit-Sharing: Giulia Aliprandi
NEP/RePEc link
to paper
d.repec.org
February 2, 2026 at 1:54 AM
Shift or Share? Profit Shifting and Workers’ Profit-Sharing: Giulia Aliprandi
High residential rates square with a known IOU profit strategy: attracting price-sensitive large industrial customers via artificially low prices. By shifting the cost burden to residents, utilities expand their rate base and juice profits.
February 1, 2026 at 10:03 PM
High residential rates square with a known IOU profit strategy: attracting price-sensitive large industrial customers via artificially low prices. By shifting the cost burden to residents, utilities expand their rate base and juice profits.
Crypto Funds Bleed $1.80 Billion As Metals Rally Heats Up
This week, investors exhibited caution, leading to outflows from spot crypto ETFs due to profit-taking and shifting investment strategies. US-based spot Bitcoin ETFs experienced approximately $1.50 billion in outflow…
#btc #crypto #cryptoetf
This week, investors exhibited caution, leading to outflows from spot crypto ETFs due to profit-taking and shifting investment strategies. US-based spot Bitcoin ETFs experienced approximately $1.50 billion in outflow…
#btc #crypto #cryptoetf
Crypto Funds Bleed $1.80 Billion As Metals Rally Heats Up
This week, investors exhibited caution, leading to outflows from spot crypto ETFs due to profit-taking and shifting investment strategies. US-based spot Bitcoin ETFs experienced approximately $1.50 billion in outflows, while spot Ether ETFs saw around $327 million leave. These rapid fluctuations demonstrate the swift movement of capital within the crypto market. The market saw a significant $840 million inflow into Bitcoin ETFs on January 14, followed by investors using it to take profits. Gold and silver initially rallied to new highs before experiencing a sharp decline, impacting investor sentiment. Bitcoin and Ether prices saw considerable losses, with Bitcoin falling about 6.50% and Ether dropping about 8.90%. Market movements were often influenced by short-term reactions, margin calls, and headline-driven trading. Large ETF flows have often pushed prices up, while outflows coincide with volatile days where traders are quickly closing positions. Some analysts believe the current pullback is temporary, emphasizing historical performance and long-term trends. Other analysts believe sustained ETF demand could propel Bitcoin prices upward over time. These diverse perspectives highlight the varying focus on immediate market activity versus long-term growth.
www.newsbtc.com
February 1, 2026 at 7:20 PM
Crypto Funds Bleed $1.80 Billion As Metals Rally Heats Up
This week, investors exhibited caution, leading to outflows from spot crypto ETFs due to profit-taking and shifting investment strategies. US-based spot Bitcoin ETFs experienced approximately $1.50 billion in outflow…
#btc #crypto #cryptoetf
This week, investors exhibited caution, leading to outflows from spot crypto ETFs due to profit-taking and shifting investment strategies. US-based spot Bitcoin ETFs experienced approximately $1.50 billion in outflow…
#btc #crypto #cryptoetf
The Distribution of Profit Shifting: Camille Semelet
NEP/RePEc link
to paper
d.repec.org
February 1, 2026 at 6:52 PM
The Distribution of Profit Shifting: Camille Semelet
What Kwame Nkrumah knew about profit shifting
https://www.europesays.com/africa/55863/
You won’t find the words “tax haven” or “profit shifting” among the pages of Kwame Nkrumah’s Neocolonialism, the…
https://www.europesays.com/africa/55863/
You won’t find the words “tax haven” or “profit shifting” among the pages of Kwame Nkrumah’s Neocolonialism, the…
What Kwame Nkrumah knew about profit shifting - Europe Africa
You won’t find the words “tax haven” or “profit shifting” among the pages of Kwame Nkrumah’s Neocolonialism, the Last Stage of Imperialism, published 60 years
www.europesays.com
January 31, 2026 at 9:00 AM
What Kwame Nkrumah knew about profit shifting
https://www.europesays.com/africa/55863/
You won’t find the words “tax haven” or “profit shifting” among the pages of Kwame Nkrumah’s Neocolonialism, the…
https://www.europesays.com/africa/55863/
You won’t find the words “tax haven” or “profit shifting” among the pages of Kwame Nkrumah’s Neocolonialism, the…
2/ 💡 What is it? A system where #multinational profits are allocated across countries using observable factors like sales, payroll, or assets.
The goal is to anchor taxing rights in real economic activity and curb profit-shifting strategies.
The goal is to anchor taxing rights in real economic activity and curb profit-shifting strategies.
January 30, 2026 at 8:20 AM
2/ 💡 What is it? A system where #multinational profits are allocated across countries using observable factors like sales, payroll, or assets.
The goal is to anchor taxing rights in real economic activity and curb profit-shifting strategies.
The goal is to anchor taxing rights in real economic activity and curb profit-shifting strategies.
Profit shifting from coffee-growing countries -under the guise of 'ethical' sourcing- leaves a bitter taste! This case study makes the case for global reforms & suggests coffee-producing nations must tax profits shifted to Switzerland now!
@cictar.bsky.social
cictar.org/all-research...
@cictar.bsky.social
cictar.org/all-research...
The ‘Swiss Swindle’ — Does Starbucks short-change coffee-producing countries? — Centre for International Corporate Tax Accountability and Research
While claiming 99% of its coffee beans are ‘ethically’ sourced, Starbucks’ shifts profits to Switzerland, leaving scant revenue for coffee-producing countries and perpetuating poverty in farming commu...
cictar.org
January 30, 2026 at 2:05 AM
Profit shifting from coffee-growing countries -under the guise of 'ethical' sourcing- leaves a bitter taste! This case study makes the case for global reforms & suggests coffee-producing nations must tax profits shifted to Switzerland now!
@cictar.bsky.social
cictar.org/all-research...
@cictar.bsky.social
cictar.org/all-research...
Steptoe LLP posted double-digit revenue and profit gains last year, as clients turned to the DC-headquartered law firm to navigate shifting executive branch priorities in President Donald Trump’s second term.
Steptoe Grows Revenue 10% in Busy Year for Trade, Regulation
Steptoe LLP posted double-digit revenue and profit gains last year, as clients turned to the DC-headquartered law firm to navigate shifting executive branch priorities in President Donald Trump’s second term.
bit.ly
January 29, 2026 at 7:40 PM
Steptoe LLP posted double-digit revenue and profit gains last year, as clients turned to the DC-headquartered law firm to navigate shifting executive branch priorities in President Donald Trump’s second term.