Thesis supervisor: István Ábel
Location of studies (in Hungarian): Budapest Business School Abbreviation of location of studies: BGE
Description of the research topic:
Economic policy decisions, including taxation and accounting for performance evaluation in a global context raise special issues for companies linked to a global value chain. Close cross border linkages of enterprises create a venue for tax optimization and may influence all aspects of enterprise or managerial decisions.
Financing in a global value chain is not exposed to monetary policy or interest rate changes in national economies as their access to financing is well served by global financial networks and capital flows.
Any particular aspect of taxation, like tax codes and accounting principles are national competencies but their impact on those enterprises which are globally integrated into a value chain may be rather complex. Issues like transfer pricing and tax optimization may influence enterprise performance measurement and may involve income transfers among different companies of different nationalities which also may have a significant impact on transactions and production allocations.
Expected results of this research include a detailed assessment of the proposals for reforming international tax practices and its potential impact on firm performance. The research may outline new perspectives and responses to challenges in national tax practices, including the G20/OECD Inclusive Framework to address the tax challenges arising from globalization and the digitalisation of the economy. The research is committed to reaching an equitable solution on the allocation of taxing rights. The research is also targeting to provide for appropriate coordination between the application of the new international tax rules and other relevant similar measures.