Research
Working Papers
- Efficiency Aspects of the Value Added Tax
IMF Working Paper No. 2025/165, 2025 (with Ruud de Mooij and Michael Keen)
- Efficient Economic Rent Taxation under a Global Minimum Corporate Tax
Oxford University Centre for Business Taxation Working Paper 2024-10, 2024 (with Andualem Mengistu)
- Excess Profit Taxes: Historical Perspective and Contemporary Relevance
IMF Working Paper September, 2022 (with Dinar Prihardini and Nate Vernon)
Covered in: Financial Times
Compact summary in EconPol Policy Briefs
- Does a Wealth Tax Improve Equality of Opportunity?
IMF Working Paper March, 2021 (with Kristoffer Berg)
Blog
Peer-Reviewed Articles
- How Does Profit Shifting Affect the Balance of Payments?
(with Alexander Klemm and Yuou Wu) FinanzArchiv , Forthcoming.
- Cryptocarbon: How Much Is the Corrective Tax?
(with Nate Vernon-Lin) Energy Economics , 2024, vol. 138, 107827.
Covered in: The Verge Global Solidarity Levies Task Force Blog
- Pareto-Improving Minimum Corporate Taxation
(with Michael Keen) Journal of Public Economics , 2023, vol. 225, 104952. Blog
- Taxing Cryptocurrencies
(with Katherine Baer, Ruud de Mooij, and Michael Keen)
- Exploring Residual Profit Allocation
(with Sebastian Beer, Ruud A. de Mooij, Michael Keen, & Li Liu) American Economic Journal:
- Do Audits Improve Future Tax Compliance in the Absence of Penalties? Evidence from Random Audits
in Norway (with Zhiyang Ji, Knut Løyland, Thor O. Thoresen & Arnstein Øvrum)
- Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement
(with Tom Zimmermann) Journal of Monetary Economics , 2021, vol. 128, pp. 178–194.
- At Your Service! The Role of Tax Havens in International Trade with Services
(with Niels Johannesen ) European Economic Review , 2021, vol. 135, pp. 1–25
- Revenue Implications of Destination Based Cash Flow Taxation (with Alexander Klemm and
Saila N. Stausholm ) IMF Economic Review , 2020, vol. 68, pp. 848–874.
- A Destination-Based Allowance for Corporate Equity (with Alexander Klemm)
International Tax and Public Finance , 2020, vol. 27, 753–777.
- Curbing Corporate Debt Bias: Do Limitations to Interest Deductibility Work? (with Ruud De Mooij)
Journal of Banking and Finance , 2018, vol. 96, 368–378.
- Revisiting the Narrative Approach of Estimating Tax Multipliers (with Tom Zimmermann)
Scandinavian Journal of Economics , 2018, vol. 120, pp. 428–439.
- Evaluating the Effects of ACE Systems on Multinational Debt Financing and Investment (with Martin Ruf )
Journal of Public Economics , 2017, vol. 156, pp. 131–149.
- Toward a Mutualization of European Unemployment Insurance? On Limiting the Downsides of a
Fiscal Transfer System for the Eurozone, (with Alfons Weichenrieder)
CESifo Economic Studies , 2016, vol. 62 (2), pp. 376–395.
- A Journey from a Corruption Port to a Tax Haven (with Vilen Lipatov)
Journal of Comparative Economics , 2014, vol. 42 (3), pp. 739–754.
- Money at the Docks of Tax Havens: A Guide
FinanzArchiv / Pubic Finance Analysis , 2014, vol. 70 (3), pp. 458–485.
- Estimating the Effects of Coordinated Fiscal Actions in the Euro Area (with Tom Zimmermann)
European Economic Review , 2013, vol. 58 (Feb), 110–121.
- The Effects of Discretionary Fiscal Policy on Macroeconomic Aggregates: A Reappraisal
Journal of Economic Surveys , 2011, vol. 25 (4), pp. 674–707.
- The Effects of Taxation on the Location Decision of Multinational Firms: M&A vs. Greenfield Investments
(with Martin Ruf and Alfons Weichenrieder)
National Tax Journal , 2011, vol. 64 (3), pp. 817–838.
- International Debt Shifting and Multinational Firms in Developing Economies
(with Clemens Fuest and Nadine Riedel)
Economics Letters , 2011, vol. 113 (2), pp. 135–138.
- Debt Financing and Sharp Currency Depreciations: Wholly versus Partially-Owned Multinational Affiliates
(with Alfons Weichenrieder)
Review of World Economics / Weltwirtschaftliches Archiv , 2010, vol. 146 (2), pp. 281–302.
Chapters in Books
- Deciphering the GloBE in a Low-Tax Jurisdiction
in: Arjan Lejour and Dirk Schindler (Eds.), Chapter 20. Edward Elgar Publishing. 2024.
(with Cory Hillier and Andualem Mengistu)
Research Handbook on the Economics of Tax Havens
- A Macroeconomic Perspective on the Challenges of Taxing Multinationals
in: Enrique Alberola (Eds.), Chapter 5, pp. 73-84, Edward Elgar Publishing.
Fiscal Policy in a Turbulent Era
- Global Firms, National Corporate Taxes: An Evolution of Incompatibility
in: De Mooij, R., Klemm, A., and Perry, V. (Eds.), Chapter 4. Washington DC: IMF. 2021.
Corporate Income Taxes Under Pressure: Why Reform Is Needed and How It Can Be Designed?
- Has Tax Competition Become Less Harmful?
in: De Mooij, R., Klemm, A., and Perry, V. (Eds.), Chapter 6. Washington DC: IMF. 2021.
Corporate Income Taxes Under Pressure: Why Reform Is Needed and How It Can Be Designed?
- Destination-Based Taxation: A Promising but Risky Destination
in: De Mooij, R., Klemm, A., and Perry, V. (Eds.), Chapter 13. Washington DC: IMF. 2021.
(With Alexander Klemm)
Corporate Income Taxes Under Pressure: Why Reform Is Needed and How It Can Be Designed?
- Options for Origin- and Destination-Based Rent Taxes in the Netherlands
in: Cnossen, S. and Jacobs, B. (Eds.), Chapter 11. Oxford University Press. 2022. Avilbale in Dutch, 2021.
(With Alexander Klemm)
Tax by Design for the Netherlands.
- Formulary Methods in International Taxation
in: Cnossen, S. and Jacobs, B. (Eds.), Chapter 12. Oxford University Press. 2022. Avilbale in Dutch, 2021.
(with Ruud De Mooij and Li Liu)
Tax by Design for the Netherlands.
- International Profit Shifting and Multinational Firms in Developing Economies
in: Fuest, C., and Zodrow, G. (Eds.), MIT Press, Cambridge, MA, 145–166. 2013.
(with Clemens Fuest and Nadine Riedel)
Critical Issues in Taxation and Development
Policy Papers
- Hat sich die Weitergabe von Leitzinsen an Bankzinsen in der Eurozone abgeschwächt? Eine Einführung in einen wichtigen Transmissionsmechanismus der Geldpolitik und eine empirische Analyse der Zinszyklen der EZB
(with Sebastian Weibels and Tom Zimmermann)
Kölner Impulse zur Wirtschaftspolitik 02/2025
- How To Tax Wealth?
(with Alexander Klemm, Geerten Michielse, and Carolina Osorio Buitron)
How-To Note No. 2024/001, March 2024
- Lebanon: Putting Tax Policy Back on Track
(with Svetlana Cerovic, Michael Keen, Lydia Sofrona, Nate Vernon, and Christophe Waerzeggers)
Technical Assistance Country Report No. 2023/008, January 2023
- Romania: Reforming Personal Income Taxation
(with Naomi Feldman, Jean-Francois Wen, and Philippe Wingender)
Technical Assistance Country Report No. 2022/199, June 2022
- Maldives: Estimating Tax Expenditures
(with Marc Seguin and Nate Vernon)
Technical Assistance Country Report No. 2021/234, October 2021
- Capital Income Taxation in the Netherlands
(with Alexander Klemm and Christophe Waerzeggers)
IMF Working Paper No. Wp/21/145, May 2021
- COVID-19 Recovery Contributions
(with an IMF team)
Special Series on COVID-19, April 2021
- Tax Policy for Inclusive Growth after the Pandemic
(with an IMF team)
Special Series on COVID-19, December 2020
- Chile — Assessment of Tax Expenditures and Corrective Taxes
(with an IMF-OECD team)
Technical-Assistance-Report (No. 2020/305), November 2020
- Germany — Tax Pressures and Reforms Options
(with Victoria Perry and Alexander Klemm)
Tax Note International, 2019
- Maldives — Reform Options to Strengthen Tax Policy
(with Lee Burns and John Norregaard)
Technical-Assistance-Report (No. 19/196), IMF, 2019
- Attractive Tax Jurisdictions
University of Barcelona, IEB Report 4, 2018
- Taxation of Corporations in Switzerland
(with Stephen Shay)
Selected Issues Paper, IMF, 2018
- Capital Income Tax Reform in Denmark
(with Alexander Klemm and Cory Hillier)
Tax Note International, 2018
- Growth-Enhancing Corporate Tax Reform in Belgium
(with Ruud De Mooij and Milena Hrdinkova)
Nordic Tax Journal, vol. 2018, Issue (1).
- Italy: Toward a Growth-Friendly Fiscal Reform
(with Michal Andrle, Alvar Kangur, and Mehdi Raissi)
Economia Politica, forthcoming, 2020
- A Review of Capital Taxation in France
(with Mario Mansour, Victoria J. Perry, and Christophe J. Waerzeggers)
Tax Note International, Nov. 2017
- On Deficits and Symmetries in a Fiscal Capacity
(with Alfons Weichenrieder)
SAFE Working Paper No. 112, 2015
- What Do We Know about the Tax Planning of German-Based Multinational Firms
(with Alfons Weichenrieder)
CESifo DICE Report 4/2014 (Winter)
Contribution to IMF Flagship and Policy Publications
- Coordinating Taxation Across Borders
IMF Fiscal Monitor, Chapter 2, April 2022 (lead author)
- Taxing Multinationals in Europe
IMF European and Fiscal Affairs Departments, May 2021
- Corporate Taxation in the Global Economy
IMF Policy Papers, March 2019
- Tax Policy, Leverage and Macroeconomic Stability
IMF Policy Papers, October 2016
- Fiscal Policies for Innovation and Growth
Fiscal Monitor, Chapter 2, April 2016