Corporate lobbying is an important and growing component of firms' corporate political activity. According to recent reports, 2,220 organizations spent $773 million on 6,500 tax lobbyists in the 2011-2012 Congress with the number of tax lobbyists predicted to grow 30 percent by 2014 (Byrnes...

We examine the relationship between corporate subsidiaries located in tax haven countries, the parent firms’ tax sheltering activity, and permanently reinvested earnings. We measure tax shelter intensity with tax reserves established under ACS 740-10 for uncertain tax positions that are...