This paper analyses the effects of introducing a common EU tax base with formula apportionment on the size of the EU wide tax base and on the distribution of the tax base between the EU member countries. We use a combined dataset of Deutsche Bundesbank’s Foreign Direct Investment data (MiDi)...

The 2017 Tax Cut and Jobs Act reduced the US corporate tax rate and introduced provisions to curb profit shifting. We combine survey data, tax data, and firm financial statements to study the evolution of the geographical allocation of US firms' profits after the reform. The share of profits...

The OECD's BEPS Project was a major attempt to harmonize tax principles between jurisdictions and prevent tax motivated artificial profit shifting. One aspect of the BEPS Project is Action 5's tax ruling transparency framework. High-profile instances of tax avoidance, such as LuxLeaks and the...