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

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 …

The OECD's global minimum tax (GMT) of 15% on what is deemed excess profit of
multinationals aims to reduce profit shifting to low-tax jurisdictions.. We study the revenue …

Market participation promotion is vital to ensure the efficacy of smart community construction
and sustainable advancement. Previous studies focused on smart community construction …

Abstract In 2009, the United Kingdom abolished the taxation of profits earned abroad and
introduced a territorial tax system. Under the territorial system, firms have strong incentives …

A simple model shows CTA increases concentration if (i) CTA gives a competitive advantage
to avoiding firms, and (ii) CTA of large relative to small firms increases. We find a positive …

This paper examines whether the profit-shifting trend in Europe during 2003–2013 can be
explained by tax policy changes. Consistent with prior literature, we find that affiliates' profits …

This paper introduces heterogeneous profit shifting costs induced by corrupt tax officials to
the analysis of profit shifting of multinationals. Using a theoretically derived corruption …

Many multinational firms (MNEs) pay low or no corporation tax in high-tax countries because
they shift taxable income to tax havens. We incorporate nonconvex costs of profit shifting …

In this paper, we investigate the use of intellectual property (IP) in multinationals' tax-
avoidance strategies. Income arising from intangible property is generally taxed in the …