Tax minimization strategies may lead to significant tax savings, which could, in turn, increase firm value. However, such strategies are also associated with significant costs, such as expected penalties and planning, agency, and reputation costs. The overall impact of firms' tax minimization...

Central management and control is the best test for determining corporate residency, because it is most likely to reflect economic reality of a corporate entity. The place where decisions are made that affect the core of the business, not where incorporation exists ought to be the most important...

This paper uses international trade data to investigate the extent to which firms evade taxes on corporate profits. Discrepancies between reports by importers and exporters of the same trade flow are used to indirectly estimate the extent of evasion. When a tax rate changes in one country, firms...