Taxation and Global Competitiveness
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President's Advisory Panel on Federal Tax Reform, San Francisco, CA
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Financing Decisions within the Firm: A Module Note→
/Harvard Business School Module Note 206-124.
The module focuses on the financial and managerial issues that confront managers who make financial decisions within multinational firms: how subsidiaries should be financed and owned, how repatriations should be conducted, how different tax regimes influence financial decisions, and how firms can measure and compare the performance of businesses and managers in different countries.
Read MoreInstitutions, Capital Constraints and Entrepreneurial Dynamics: Evidence from Europe→
/(w/ P. Gompers and J. Lerner) NBER Working Paper No. 10165
Explores the impact of the institutional environment on the nature of entrepreneurial activity across Europe.
Read MoreCzech Mate: CME and Vladimir Zelezny (A, B1, B2, B3, C, D, &E)
/(w/ A. Moel and K. Luchs) HBS Cases 204-118, 204-119, 204-120, 204-121, 204-122, 204-129 & 205-069.
Read MoreCorporate Social Responsibility and Taxation: The Missing Link
/(w/ D. Dharmapala) in BSR Leading Perspectives (Winter 2005), 4-5.
Corporate tax payments are the largest and most obvious contribution of firms to nonshareholders and non-employees. Surprisingly, taxation does not typically figure in the analysis of corporate social responsibility (CSR).
Read MoreInvestment, Overhang, and Tax Policy
/(w/ A. Goolsbee) Brookings Papers on Economic Activity, 2004 no. 2 (Washington D.C.: Brookings Institution, 2005), 285-338.
The past decade has seen an unusual pattern of investment. The boom of the 1990s generated unusually high investment rates, particularly in equipment, and the bust of the 2000s witnessed an unusually large decline in investment
Read MoreSubscriber Models→
/(w/ R. Greenwood and L. White) Harvard Business School Background Note 205-061.
Introduces the subscriber model as an alternative valuation framework for firms whose revenues can be traced to repeated transactions with customers.
Read MoreForeign Direct Investment in a World of Multiple Taxes→
/(w/ C. F. Foley and J. R. Hines Jr.) Journal of Public Economics 88, no. 12 (December 2004), 2727-2744.
While governments have multiple tax instruments available to them, studies of the effect of tax policy on the locational decisions of multinationals typically focus exclusively on host country corporate income tax rates and their interaction with home country tax rules.
Read MoreOld Rules and New Realities: Corporate Tax Policy in a Global Setting
/(w/ J.R. Hines Jr.) National Tax Journal 57, no. 4 (December 2004), 937-960.
This paper reassesses the burden of the current U.S. international tax regime and reconsiders well–known welfare benchmarks used to guide international tax reform.
Read MoreThe Continuing Transformation of Asahi Glass: Implementing EVA→
/(w/ M. Egawa) HBS Case 205-030.
This case explores the use of EVA--economic value added--methodology at Asahi Glass. EVA is among the changes initiated by the CEO aimed at transforming Asahi Glass from a traditional Japanese company to a global firm.
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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.