by Nicole Sinclair in Yahoo Finance
If there’s one issue that politicians could take on that would have overnight economic impact, it’s corporate tax reform.
Read MoreProblems Unsolved & A Nation Divided
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America retains and enjoys many strengths. However, various economic indicators show that the U.S. economy has failed to deliver strong growth and shared prosperity for nearly two decades. These structural issues pre-date the Great Recession and are compounded by political paralysis. This report calls for a national economic strategy for America and proposes federal policy priorities that can form the core of such a strategy.
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 MoreFinancial Policy at Apple, 2013→
/By the end of 2013, Apple had $137 billion dollars in cash and marketable securities. This case explores how companies can generate such large amounts of cash and how and if they should distribute it to shareholders, especially in the face of shareholder pressure. In the process, students are asked to undertake fundamental financial analyses, including ratio analysis, a financial forecast, and a cash distribution analysis.
Read MoreThe Case of the Unidentified Industries - 2013→
/The case helps students to understand how the characteristics of a business are reflected in its financial statements. This case consists of an exercise in which students are given balance sheet data in percentage form and other selected financial data for companies in 14 industries.
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 MoreCorporate Inversions: Tax Dodge, or Symptom of the Tax Code?→
/Corporate inversions are transactions, such as mergers or acquisitions, that involve a U.S. and foreign headquartered firm and result in the newly formed firm being headquartered outside the U.S. As a result, it can legally lower its U.S. taxes and enjoy parity with its foreign based competitors.
Read MoreThe Incentive Bubble
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Harvard Business Review 90, no. 3 (March 2012).
Outsourcing pay decisions to financial markets has skewed compensation and, with it, American capitalism.
Read MoreInstitutional 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.
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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.