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
- How Does Profit Shifting Affect the Balance of Payments?
IMF Working Paper, February, 2021 (with Alexander Klemm and Yuou Wu)
Peer-Reviewed Articles
- 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
- 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
- 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