This paper reviews the rapidly growing empirical literature on international tax avoidance by
multinational corporations. It surveys evidence on the main channels of corporate tax …

Sub-Saharan Africa's turnaround over the past couple of decades has been dramatic. After
many years in decline, the continent's economy picked up in the mid-1990s. Along with this …

Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with
enormous inward and outward investment positions. This paper uses several new data …

Illicit financial flows (IFFs) constitute a major challenge for development in low‐income
countries, as domestic resource mobilization is imperative for providing crucial public …

Do elites capture foreign aid? This paper documents that aid disbursements to highly aid-
dependent countries coincide with sharp increases in bank deposits in offshore financial …

International corporate tax is an important source of government revenue, especially in
lower‐income countries. An innovative study of the scale of this problem was carried out by …

We exploit the new country-by-country reporting data of multinational corporations, with
unparallelled country coverage, to reveal the distributional consequences of profit shifting …

Putting an end to the base erosion and profit shifting (BEPS) activity of multinational
enterprises (MNEs) is high on national agendas. Influential work in academic and policy …

This paper studies how the global minimum tax shapes national tax policies and welfare in a
formal model of international tax competition with heterogeneous countries. The net welfare …

Governments' revenues are lower when multinational enterprises avoid paying corporate
income tax by shifting their profits to tax havens. In this paper, we ask which countries' tax …