(w/ D. Dharmapala) in National Tax Journal
This paper proposes and evaluates alternative methods for addressing the tax treatment of interest expenses in a multijurisdictional setting.
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 MoreInvestor Taxation in Open Economies→
/(w/ D. Dharmapala)
This paper investigates how dividend taxes influence portfolio choices, using the response to the distinctive treatment of a subset of foreign dividends in the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) of 2003.
Read MoreCorporate Tax Avoidance and Firm Value→
/(w/ D. Dharmapala) Review of Economics and Statistics, 91:3 (August 2009), 537-546.
Do corporate tax avoidance activities advance shareholder interests? This paper tests alternative theories of corporate tax avoidance that yield distinct predictions on the valuation of corporate tax avoidance.
Read MoreDividend Taxes and International Portfolio Choice→
/(w/ D. Dharmapala) Review of Economics and Statistics, 93:1 (February 2011), 266-284.
This paper investigates how dividend taxes influence portfolio choices, using the response to the distinctive treatment of a subset of foreign dividends in the Jobs and Growth Tax Relief Reconciliation Act (JGTRRA) of 2003.
Read MoreTaxes, Institutions and Foreign Diversification Opportunities→
/(w/ D. Dharmapala) Journal of Public Economics, 93:5-6 (June 2009), 703-714.
Investors can access foreign diversification opportunities through either foreign portfolio investment (FPI) or foreign direct investment (FDI).
Read MoreCapital Flows, Taxes and Institutional Variation→
/NBER Reporter, no. 3
Tariff reductions, falling transport costs, and reduced barriers to international capital flows have created extensive opportunities for multinational firms and investors in increasingly integrated global markets.
Read MoreInvestable Tax Credits: The Case of the Low Income Housing Tax Credit→
/(w/ D. Dharmapala, M. Singhal)
This paper outlines a conceptual framework for exploring the conditions under which investable tax credits may be the most effective mechanism to deliver a production subsidy and discusses the desirability of employing investable tax credits in other policy domains.
Read MoreTaxation and Corporate Governance: An Economic Approach→
/(w/ D. Dharmapala) Tax and Corporate Governance in MPI Studies on Intellectual Property, Competition and Tax Law, 3:1 (2008), 13-30.
How do the tax system and corporate governance arrangements interact?
Read MoreDiscussion of “Productivity and Taxes as Drivers of FDI”
/by A. Razin and E. Sadkain Brookings Trade Forum, 2007.
Their theoretical work emphasizes how set-up costs at home and in the host country can drive a wedge between marginal and total profit conditions. This insight combines with a description of FDI decision-making that separates the decision to invest and how much to invest.
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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.