This paper analyzes the tax haven investment behavior of multinational firms from a country that exempts foreign income … from taxation. High foreign tax rates generally encourage firms to invest in tax havens, though significant costs of … reallocating taxable income dampen these incentives. The behavior of German manufacturing firms from 2002-2008 is consistent with …

differences across MSAs. Finally, our results show that it is naive for researchers to take it for granted that individuals will …

caused approximately 60,000 individuals to disclose offshore accounts with a combined value of around $120 billion. Most … disclosures happened outside offshore voluntary disclosure programs by individuals who never admitted prior noncompliance. The …

improves income tax enforcement. Modern firms have a large number of employees and carry out complex production tasks, which … the size of firms grows with exogenous technological progress. In early stages of development, firms are small, tax rates …

Global firms finance themselves through foreign subsidiaries, often shell companies in tax havens, which obscures their … find that portfolio investment from developed countries to firms in large emerging markets is dramatically larger than … previously thought. The national accounts of the United States, for example, understate the U.S. position in Chinese firms by …

excess burden when individuals can evade or avoid taxes. In many cases, part of the cost of evasion and avoidance reflects a … income from taxation. This generalized formula implies that the efficiency cost of taxing high income individuals is not …

partnership firms. This tax law change provides a unique opportunity to identify the effects of tax policy changes on firm … partnership firms to the tax law change, reflected in a significant shifting of income from profits to managerial wages. Since …-run businesses), income shifting by these firms could have a significant impact on measured wage inequality. We find a sizeable jump …

account for the changed valuations. Second, statistical evidence indicates that large firms, those with extensive foreign …