This paper employs unique data on export transactions and corporate tax returns of UK multinational firms and finds that firms manipulate their transfer prices to shift profits to lower-taxed destinations. It uncovers three new findings on tax-motivated transfer mispricing in real goods. First,...

If the corporate income tax is set at a different rate from non-corporate income tax, it can play an important role in a firms choice of organizational form. The impact and interdependency of income tax incentives are crucial factors to take into account when designing efficient tax policies. In...

We model and estimate the incidence of the corporate income tax under imperfect competition. Identification comes from variation in effective marginal tax rates in the United States across industries and time. Our empirical results suggest that labor bears a significant portion of the burden of...

The U.S. corporate income tax system provides investment incentives that vary across asset types. Do corporations’ investment choices respond to these differences and if so, by how much? I analyze the effect of corporate income taxes on the allocation of new capital investment in the U.S....

We model and estimate the incidence of the corporate income tax under imperfect competition. Identification comes from variation in the effective marginal tax rates across industry and time. Our empirical results suggest that labor shares the burden of corporate taxes. A ten percentage increase...

We model and estimate the incidence of the corporate income tax under imperfect competition. Identification comes from variation in the effective marginal tax rates across industry and time. Our empirical results suggest that labor shares the burden of corporate taxes. A ten percentage increase...

We model and estimate the incidence of the corporate income tax under imperfect competition. Identification comes from variation in effective marginal tax rates in the United States across industries and time. Our empirical results suggest that labor bears a significant portion of the burden of...