In this paper, we review the burgeoning literature on the study of corporate financialization,
distinguishing three strands of empirical, quantitative studies:(1) national‐level and macro …

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

In response to discussions about large multinational enterprises' tax planning activities,
legislators around the world have adopted numerous regulations to increase corporate tax …

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 …

Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies? Page 1
Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies? Javier …

In recent years, profit shifting by multinational companies (MNCs) has generated substantial
revenue costs to the US government. The Tax Cuts and Jobs Act (TCJA) changed US …

This paper is the first to use information from individual country-by-country (CbC) reports to
assess the extent of profit shifting by multinational enterprises. Unlike other data often used …

This paper shows that OECD's Pillar Two may increase employment and investment in low-
tax countries due to the Substance-based Income Exclusion (SBIE). The SBIE allows to tax …

This research note describes the plausible magnitude of US revenue loss due to profit
shifting, building on recent developments in the literature as well as new country-by-country …

We show that the fiscal authorities of high-tax countries can lack the incentives to combat
profit shifting to tax havens. Instead, they have incentives to focus their enforcement efforts …