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 …

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 …

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 …

This paper provides the first comprehensive study of profit shifting through service trade
inside multinational firms. The analysis employs a unique firm-level dataset with detailed …

ABSTRACT I analyze US multinationals'(MNCs) use of foreign holding companies in their
organizational structures and the impact of holding companies on internal capital markets …

This research examines spillover effects of tax avoidance on peers' firm value using the
setting of the European Commission's state aid investigations of private letter rulings. We …

The international dimension of multinational corporations creates opportunities for pursuing
both global as well as local (ie, unilateral subsidiary country) tax planning strategies. To …

This article develops a new strategy for the (tax) optimization of foreign direct investments in
the US This strategy is particularly favorable for natural persons. By using a foreign …

Does the complexity of the ownership structure of multinational enterprises'(MNEs) enable
tax avoidance? We characterize as complex an MNE's ownership structure in which the …

We use Luxembourg advanced tax rulings (ATRs) to provide readers with insight into the
nature of tax planning that uses ATRs. Accordingly, we descriptively examine this sample of …