This paper analyzes the impact on firm behavior of the Homeland Investment Act of 2004, which provided a one-time tax … variable bias by using instruments that identify the firms likely to receive the largest tax benefits from the holiday …. Repatriations did not lead to an increase in domestic investment, employment or R&D -- even for the firms that lobbied for the tax …

optimal tax system implements such an allocation as a competitive equilibrium for a given market structure. We consider … the bad states. Second, if entrepreneurs are allowed to sell equity, the optimal tax system embeds a prescription for …

outbound capital flows reflect efforts to bypass home country tax regimes and weak host country investor protections. The cross …-country analysis indicates that a 10% decrease in a foreign country's corporate tax rate increases US investors' equity FPI holdings by … 21%, controlling for effects on FDI. This suggests that the residual tax on foreign multinational firm earnings biases …

We show that a significant number of households can perform a tax arbitrage by cutting back on their additional … mortgage payments and increasing their contributions to tax-deferred accounts (TDA). Using data from the Survey of Consumer … Finances, we show that about 38% of U.S. households that are accelerating their mortgage payments instead of saving in tax …