We investigate whether aggressive tax planning firms have a less transparent information
environment. Although tax planning provides expected tax savings, it can simultaneously …

What has driven the dramatic rise in US corporate cash? Using non-public data, we show
that the run-up is not uniform across firms but is concentrated in the foreign subsidiaries of …

This study examines the flexibility of multinational firms to adjust their income-shifting
strategies—whether using transfer pricing or internal debt—during the tax year to react to …

Governments worldwide use targeted tax policies to trade off the gains from increased FDI
against the cost of excessive profit shifting by multinational firms. We show that nationally …

This paper examines whether and how external country-level corporate governance devices
affect corporate tax avoidance. Using a panel of public firms across 33 countries, I show that …

This study provides the first large‐sample evidence on the economic tax effects of special
purpose entities (SPEs). These increasingly common organizational structures facilitate …

This paper examines whether managers of firms that engage in high levels of tax avoidance
(TA) strategically reduce their financial statement readability (FSR) to mitigate the risk of …

The enactment of the so-called Tax Cuts and Jobs Act of 2017 (TCJA) significantly changes
the landscape for tax planning and compliance by US multinational corporations (MNCs) …

This paper investigates the influence of corporate tax avoidance (CTA) on firm-level sales,
and its aggregate implications. CTA gives a competitive advantage to avoiding firms, which …

ABSTRACT I analyze US multinationals'(MNCs) use of foreign holding companies in their
organizational structures and the impact of holding companies on internal capital markets …