We estimate a dynamic model, featuring agency conflicts and a stochastic tax reform arrival,
to evaluate how the change from a worldwide to territorial tax system, enacted under the Tax …

When multinationals face lower tax rates abroad than in the US, transfer pricing strategies
generate an asymmetry in the tax rates on a project's profits and losses. We show that the …

In this dissertation, I examine tax incentives in corporate acquisitions. Reported tax losses or
net operating losses (NOLs) under the United States (US) income tax law have grown …

This paper studies the effect of partisan politics on stock returns in the US by exploring
different measures of corporate taxes. The results support the partisan politics cycle effect on …

We study the effct of corporate tax policy on foreign investment and cash holdings using a
dynamic model calibrated to conadential data on the foreign operations of US …

Investors have a choice over when to incur taxes on individual investments, and typically
benefit from delaying the realization of capital gains while harvesting losses. This option …