Author pages are created from data sourced from our academic publisher partnerships and public sources.
Watch What I Do, Not What I Say: the Unintended Consequences of the Homeland Investment Act
This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax holiday for the repatriation of foreign earnings by U.S. multinationals. The… Expand
Earnings Shocks and Tax-Motivated Income-Shifting: Evidence from European Multinationals
This paper presents a new approach to estimating the existence and magnitude of tax-motivated income shifting within multinational corporations. Existing studies of income shifting use changes in… Expand
Which Countries Become Tax Havens?
This paper analyzes the factors influencing whether countries become tax havens. Roughly 15% of countries are tax havens; as has been widely observed, these countries tend to be small and affluent.… Expand
What Problems and Opportunities are Created by Tax Havens?
- D. Dharmapala
- 5 October 2008
Tax havens have attracted increasing attention from policy-makers in recent years. This paper provides an overview of a growing body of research that analyses the consequences and determinants of the… Expand
Corporate Tax Avoidance and Firm Value
How do investors value managerial actions designed solely to minimize corporate tax obligations? Using a framework in which managers' tax sheltering decisions are related to their ability to divert… Expand
Corporate Governance, Enforcement, and Firm Value: Evidence from India
This article analyzes the impact of corporate governance on firm value using a sequence of reforms in India (Clause 49) enacted in 2000, for which more severe penalties were introduced in 2004. The… Expand
Tax Policy and the Missing Middle: Optimal Tax Remittance with Firm-Level Administrative Costs
We analyze the optimal taxation of firms when the government faces fixed (per-firm) administrative costs of tax collection. The tax instruments at the government's disposal are a fixed (per-firm) fee… Expand
Dividend Taxes and International Portfolio Choice
This paper investigates how dividend taxes influence portfolio choices, using the response to the distinctive treatment of a subset of foreign dividends in the Jobs and Growth Tax Relief… Expand
Taxes, Institutions and Foreign Diversification Opportunities
Investors can access foreign diversification opportunities through either foreign portfolio investment (FPI) or foreign direct investment (FDI). The worldwide tax regime employed by the U.S.… Expand
The Condorcet Jury Theorem and the Expressive Function of Law: A Theory of Informative Law
We argue that legislation can generate compliance expressively, independently of deterrence. The Condorcet jury theorem implies that, in certain circumstances, the legislative process aggregates the… Expand