Using aggregate data on U.S. multinational firms’ activities, we document the impact of tax havens on the organization and trade of multinational firms. Conventional wisdom says that MNEs set up foreign sales platforms close to large markets to benefit from the proximity to consumers. We show,...

Using aggregate data on U.S. multinational firms' activities, we document the impact of tax havens on the organization and trade of multinational firms. Conventional wisdom says that MNEs set up foreign sales platforms close to large markets to benefit from the proximity to consumers. We show,...

Using aggregate data on U.S. multinational firms' activities, we document the impact of tax havens on the organization and trade of multinational firms. Conventional wisdom says that MNEs set up foreign sales platforms close to large markets to benefit from the proximity to consumers. We show,...

We perform a robustness replication analysis of Laffitte and Toubal (2022), which considers how multinational corporations shift profit to "tax havens", jurisdictions where they face lower tax burdens. We find that the main results of Laffitte and Toubal (2022), are fairly robust to alternative...