In this paper, we present a review of tax research. We survey four main areas of the
literature:(1) the informational role of income tax expense reported for financial …

This article reviews tax research related to domestic and multinational capital structure,
payout policy, compensation policy, risk management, and organizational form. For each …

American markets, once a model for the world, are giving up on competition. Thomas
Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by …

China initiated a major reform for capital taxation in 2004. Completed in 2009, it introduced
permanent tax incentives for firms' investment in fixed assets. We explore a unique firm-level …

This paper estimates the incidence of state corporate taxes on the welfare of workers,
landowners, and firm owners using variation in state corporate tax rates and apportionment …

Few areas of monetary economics have been studied as extensively as the transmission
mechanism. The literature on this topic has evolved substantially over the years, following …

Do corporate tax avoidance activities advance shareholder interests? This paper tests
alternative theories of corporate tax avoidance using unexplained differences between …

We present new data on effective corporate income tax rates in 85 countries in 2004. The
data come from a survey, conducted jointly with PricewaterhouseCoopers, of all taxes …

This paper analyzes the interaction between corporate taxes and corporate governance. We
show that the design of the corporate tax system affects the amount of private benefits …

This article reports estimates of the long‐run costs and benefits of having banks fund more of
their assets with loss‐absorbing capital, or equity. We model how shifts in funding affect …