How to Stop Corporate Inversions
/Bill George and Mihir Desai, professors at Harvard Business School, explain why our corporate tax code is driving American business overseas.
Read MoreA Better Way to Tax U.S. Businesses
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Harvard Business Review (July-August 2012)
Of all the policy changes that could improve the competitive position of the United States and the living standards of Americans, revamping the corporate tax code is perhaps the most obvious and least painful.
Read MoreCorporate Inversions: Tax Dodge, or Symptom of the Tax Code?→
/Corporate inversions are transactions, such as mergers or acquisitions, that involve a U.S. and foreign headquartered firm and result in the newly formed firm being headquartered outside the U.S. As a result, it can legally lower its U.S. taxes and enjoy parity with its foreign based competitors.
Read MoreThe Incentive Bubble
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Harvard Business Review 90, no. 3 (March 2012).
Outsourcing pay decisions to financial markets has skewed compensation and, with it, American capitalism.
Read MoreThe Finance Function in a Global Corporation→
/Harvard Business Review 86, nos. 7/8 (July – August 2008).
Historically, the finance functions in large U.S. and European firms have focused on cost control, operating budgets, and internal auditing. But as corporations go global, a world of finance opens up within them, presenting new opportunities and challenges for CFOs.
Read MoreVenture Out Alone→
/(w/ C. F. Foley and J. R. Hines Jr.) Harvard Business Review 82, no. 3 (March 2004), 22.
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Mihir Desai's academic publications have appeared in leading economics, finance, and law journals. His work has emphasized the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms. His research has been cited in The Economist, BusinessWeek, The New York Times, and several other publications.