Hoopes, Jeffrey L.; Klein, Daniel; Lester, Rebecca; … - 2022
-border investments by multinational firms. We study firm investment responses to a major U.K. tax reform that drastically reduced the … income tax burden for U.K.-based firms. Our identification strategy compares the investment outcomes of U.K. multinational … confirmed using novel data on local wealth. Our findings imply that, beyond the goal of motivating home country investment …