While researchers agree that dividend and interest payments respond to tax treaties, evidence of the magnitude of this response remains scarce. We combine data from the International Bureau of Fiscal Documentation and the International Monetary Fund in a set of 65,000 annual country‐pair observations for the 2009–2016 period. We estimate dividend flows to be highly elastic in a cross‐country regression and arrive at somewhat lower and less robust estimates for interest income. While our revenue estimates are lower than static estimates which do not reflect elasticities, we show that for some countries the revenue foregone remains non‐negligible.

中文翻译：

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全球税收协定：估算弹性和放弃的收入

尽管研究人员同意股息和利息支付是对税收协定的回应，但这种回应的规模仍然很少。我们将国际财务文献局和国际货币基金组织的数据结合在一起，得出了一组2009-2016年的每年65,000个国家/地区对观测值。我们估计，在跨国回归中，股利流具有很高的弹性，并且得出的利息收入估计值较低且较不稳健。虽然我们的收入估算值低于不能反映弹性的静态估算值，但我们表明，在某些国家/地区，所放弃的收入仍然不可忽略。