Shackelford, Douglas; Slemrod, Joel - In: International Tax and Public Finance 5 (1998) 1, pp. 41-59
This paper examines the 1989–1993 publicly available financial reports of 46 U.S.-based multinationals to estimate the revenue implications of implementing a U.S. federal formula apportionment system. Ignoring behavioral responses, we estimate shifting to an equal-weighted, three-factor...