The 2011 Mortimer Caplin Conference on the World Economy
/How does globalization intersect with America’s ability to manage its fiscal future? Do concerns over global competitiveness hurt or hinder efforts directed towards tax reform?
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Institutional Tax Clienteles and Payout Policy→
/(w/ L. Jin) Journal of Financial Economics, 100:1 (April 2011), 68-84.
This paper employs heterogeneity in institutional shareholder tax characteristics to identify the relationship between firm payout policy and tax incentives.
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 MoreThe Mistaken Attack on Outsourcing→
/The Wall Street Journal, (December 2010), A11.
President Obama concluded his recent meeting with leading corporate executives with a call for more ideas about how to create jobs at home.
Read MoreTax U.S. Companies Into Spending→
/The Washington Post, (December 2010), A25.
Recent tax deal-making has relied on conventional instruments of fiscal stimulus. Yet, we live in unconventional times, and more novel approaches suited to the peculiarities of our current economy are required.
Read MoreDo Strong Fences Make Strong Neighbors?
/(w/ D. Dharmapala) National Tax Journal, 63 (December 2010), 723-740.
This paper examines the interaction of a strong fences policy with the increasingly important global markets for corporate residence, corporate control and corporate equities.
Read MoreThe Decentering of the Global Firm
/World Economy, 32:9 (September 2009), 1271-1290.
Almost 20 years ago, Robert Reich questioned how firms are linked to nation states by posing a provocative question, ‘Who is Us?’.
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.
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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.