Katarzyna
Bilicka

Fiscal Consequences of Corporate Tax Avoidance

with Evgeniya Dubinina and Petr Janský

German municipalities more exposed to aggressive multinationals experience weaker local business-tax revenues after rate increases.

Tax Strategy Disclosure: A Greenwashing Mandate?

with Elisa Casi, Carol Seregni, and Barbara Stage

The UK disclosure mandate increased the volume and visibility of tax reporting, but not its substance or firms' tax-planning behavior.

Dividend Taxation and Firm Performance with Heterogeneous Payout Responses

with Irem Guceri and Evangelos Koumanakos

An unexpected dividend tax sharply reduced payouts without increasing productive equipment investment.

Organizational Capacity and Profit Shifting

with Daniela Scur

Stronger management practices increase productivity but also enable multinationals to allocate profits more efficiently across tax jurisdictions.

Labor Market Consequences of Anti-Tax Avoidance Policies

The UK's worldwide debt cap prompted affected multinationals to reallocate employees abroad, with uneven consequences across local labor markets.

How Distortive Are Turnover Taxes? Evidence from China

with Jing Xing, Sepideh Raei, and Xipei Hou

Replacing turnover taxes with VAT reduced cascading and raised sales, R&D, and employment among affected service firms.

Measuring Firm Activity from Outer Space

with André Seidel

Nightlight emissions from car plants provide a high-frequency, reporting-independent measure of granular firm activity.

Output Distortions and the Choice of Legal Form of Organization

with Sepideh Raei

A dynamic firm model quantifies output losses created by unequal tax treatment of corporations and pass-through entities.

Real Responses to Anti-Tax Avoidance Policies: Evidence from the UK's Worldwide Debt Cap

with Yaxuan Qi and Jing Xing

Multinationals affected by the reform moved debt and a share of real operations away from the UK.

Tax Avoidance Networks and the Push for a "Historic" Global Tax Reform

with Michael Devereux and Irem Guceri

Global patent data reveal the scale of tax-haven ownership and the role of firms potentially affected by the global minimum tax.

Why Are the Contributions of Multinational Firms to Corporate Tax Revenue Declining?

UK multinationals expanded their asset base while contributing a declining share of corporate tax revenue between 2000 and 2014.

Tax Avoidance Regulations and Stock Market Responses

with Yaxuan Qi and Danjue Shang

Investors responded positively to the UK's worldwide debt cap, particularly for firms with weaker prior governance.

Are Financing Constraints Binding for Investment? Evidence from a Natural Experiment

Canadian tax reforms show that cash-flow availability matters more for firm investment than temporary changes in the cost of capital.

Profit Shifting and Corruption

with André Seidel

Corruption changes firms' profit-shifting costs and reduces the revenue gains governments can achieve through higher tax rates.

Comparing UK Tax Returns of Foreign Multinationals to Matched Domestic Firms

Foreign multinational subsidiaries report substantially lower taxable profits than comparable domestic firms, driven largely by a higher incidence of zero-profit reporting.

The Effect of Loss Offset Provisions on the Asymmetric Behavior of Corporate Tax Revenues in the Business Cycle

More generous loss-offset rules magnify the asymmetry of corporate tax revenue responses between booms and recessions.

With Which Countries Do Tax Havens Share Information?

with Clemens Fuest

Evidence from 565 agreements shows that tax havens tend to exchange information with countries to which they have stronger economic ties.

The Effects of Fiscal Consolidation on Short-Term Growth: A Review and Implications for the UK

with Michael Devereux and Clemens Fuest