inflexibility to adjust income-shifting strategies within a tax year in response to losses implies that income-shifting incentives …

to operating losses. First, we develop an analytical model that considers how affiliate losses can be adjusted by using … income shifting, multinational firms report lower profits when running profits, and lower losses when running losses … prices and internal capital structure, regardless of making losses. Second, using data on direct transfer payments and …

MNEs, which indicates an effect on profit-shifting. No change in investment was detected. …

market outcome exhibits inefficient production and inefficient entry. A policy mix of three popular regulatory instruments—taxation … on polluters, feed-in tariffs for clean entrants, and taxation of consumption—cannot correct these two market failures …

In this chapter I provide an overview of the political economy of taxation in democratic states by considering the …