This paper provides a quantitative review of the empirical literature on the tax impact on corporate debt financing. Synthesizing the evidence from 46 previous studies, we find that this impact is substantial. In particular, the tax rate proxy determines the outcome of primary analyses. Measures...

This study analyzes whether tax incentives play a role in the geographical allocation of U.S. trademark rights within large multinational enterprises. Considering the S&P 500 firms, we find a strong home country concentration of U.S. trademark ownership. Still, the probability to offshore legal...

The allocation of decision rights is a fundamental issue of organizational design. We study the allocation of decision-making authority within firms' transfer pricing function where tax and managerial objectives typically conflict. Exploring unique survey data, we investigate whether...

This paper presents the first analysis of transfer pricing strategies, employing a simulated proxy for the company's marginal tax rate. Application of this sophisticated tax measure allows us to perform a direct comparison of profit shifting to subsidiaries with low statutory tax rates and to...

Curtailing tax evasion is high on the international policy agenda. Still, there is only little empirical evidence about the effects of offshore tax evasion in cross-border portfolio investment and its responsiveness to changes in enforcement. Exploiting rich IMF data on bilateral investments in...