Morck, Randall; Slemrod, Joel; Harris, David; Yeung, Bernard - National Bureau of Economic Research (NBER) - 1991
It is often claimed that multinational firms avoid taxes by shifting income from high-tax to low-tax countries. Using a five year panel of data for two hundred large U.S. manufacturing firms, we find that U.S. tax liability, as a fraction either of U.S. sales or U.S. assets, is related to the...
