Multinational companies reduce their global effective tax rate by converting manufacturing subsidiaries into "contract manufacturers" and distribution subsidiaries into "commissionaires." The same results could be achieved more efficiently using ISDA swaps

Millions of people are spending time and money on virtual goods: clothes for their characters in online hangouts, weapons for their fighters in massively-multiplayer games, and presents for their friends in social networking platforms. In this dissertation, I locate virtual goods as the latest...