Teaching Delivers Immediate Returns
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Finance can be very intimidating. Mihir Desai wants to make it super-intuitive for everyone
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Pfizer and Allergan call off their $160 billion merger after U.S. move to block inversions→
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The Washington Post
The Dublin-based Botox-maker Allergan announced early Wednesday it would abandon its mega-merger with U.S. pharmaceutical giant Pfizer after new government regulations made the tax advantage of the cross-Atlantic deal more difficult to achieve.
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The Trump-Obama Corporate Tax Reform Fail→
/The Wall Street Journal
Removing the incentive for American companies to move their headquarters abroad is a widely recognized goal. To do so, the U.S. will need to join the rest of the G-7 countries and tax business income only once, in the country where it was earned.
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To prevent corporate ‘inversions,’ the American tax code needs to be fixed→
/The Washington Post
Again, A U.S.-based multinational corporation is merging with a foreign counterpart, with the intent to pay taxes at the other country’s lower rate. By joining forces with Ireland-based Allergan, pharmaceutical-maker Pfizer may reduce its effective tax rate from 26 percent to 17 percent.
Read MoreInterview, Tax Foundation: Making Sense of Profit Shifting
/In this interview with the Tax Foundation, Professor Desai analyzes the nature, drivers, and economic effects of profit shifting, with a specific emphasis on the real economic distortions that profit shifting may cause. Moreover, professor Desai highlights aspects related to firm uniqueness with respect to profit shifting and offers a set of possible solutions to address profit shifting.
Read MoreInterest Deductions in a Multijurisdictional World→
/(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 MoreHow crowdsourcing could help simplify America’s tax code→
/Fortune Magazine
By soliciting ideas from large groups, the U.S. can come up with the right policies to reform the nation’s tax code — similar to the way complex computer systems are managed around the world.
Read MoreIncentives to Invert and the Market for Foreign Takeovers
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On January 23, the Urban-Brookings Tax Policy Center and the International Tax Policy Forum co-hosted a conference examining the history, causes, and consequences of corporate inversions, the policy response in the United Kingdom, and what actions the U.S. should take.
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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.