Research

Selected work in progress:

• Global Minimum Tax Payers: Evidence from Administrative Data (with Tomáš Boukal, Niels Johannesen and Miroslav Palanský)
• GILTI of Underinvestment? The Impact of the U.S. Reform’s Global Minimum Tax on Investment (with Zahrah Abdulrauf, Matěj Bajgar, Benjamin Glass, Petr Janský, Jane Zhiyan Song)
• Tax Compliance of Multinationals and Industry Concentration in the European Union (with Matěj Bajgar and Tijmen Tuinsma)
• Corporate Tax Avoidance and Within-Country Inequality (with Marek Šedivý)

Selected recent publications:

• Profit Shifting of Multinational Corporations Worldwide, with Javier Garcia-Bernardo, World Development, 2024, 177, 106527. [pdf] [The Economist] [Financial Times]

• Effective Tax Rates of Multinational Corporations: Country-Level Estimates, with Javier Garcia-Bernardo and Thomas Tørsløv. PLoS ONE, 2023, 18(11): e0293552. [pdf]

• Decomposing Multinational Corporations’ Declining Effective Tax Rates, with Javier Garcia-Bernardo and Thomas Tørsløv. IMF Economic Review, 2022, 70(2), 338–381. [pdf]

Selected recent working papers:

• Global minimum tax and profit shifting, with Tomáš Boukal and Miroslav Palanský. 2024 working paper.

• Did the Tax Cuts and Jobs Act Reduce Profit Shifting by US Multinational Companies?with Javier Garcia-Bernardo and Gabriel Zucman. 2022 NBER working paper. [United States Senate Budget Committee hearing]

• Fiscal Consequences of Corporate Tax Avoidance, with Katarzyna Bilicka and Evgeniya Dubinina. 2023 CEPR discussion paper. The latest version is here.

• Effects of Corporate Transparency on Tax Avoidance: Evidence from Country-by-Country Reporting, with Tijmen Tuinsma, Kristof De Witte, Miroslav Palanský and Vítězslav Titl. 2023 IES working paper.

• The Indirect Effects of Corporate Tax Avoidance Exacerbate Cross-country Inequality, with Javier Garcia-Bernardo, Daniel Haberly, Miroslav Palanský and Valeria Secchini. 2022 UNU-WIDER working paper.

• Hide-seek-hide? The effects of financial secrecy on cross-border financial assets, with Tereza Palanská and Miroslav Palanský. 2022 UNU-WIDER working paper.

Other recent publications:

• The Excess Profits and their Tax Revenue Potential, with Evgeniya Dubinina and Javier Garcia-Bernardo. Empirica, forthcoming. [Der Spiegel]
  
  
• The Long Way to Tax Transparency: Lessons from the Early Publishers of Country-by-Country Reports, with Sarah Godar, Giulia Aliprandi, Tommaso Faccio and Katia Toledo. International Tax and Public Finance, 2024. [pdf]

• Corporate Effective Tax Rates for Research and Policy. Public Finance Review, 2023, 51(2), 171-205. [pdf]

• Shallow and Uneven Progress towards Global Financial Transparency: Evidence from the Financial Secrecy Index, with Miroslav Palanský and Dariusz Wójcik. Geoforum, 2023, 141, 103728. [pdf]

• Incremental Improvement: Evaluating the Emancipatory Impact of Public Country-by-Country Reporting, with Franki Hackett. Critical Perspectives on Accounting, 2023, 102525. [pdf]

• A Practical Proposal to End Corporate Tax Abuse: METR, a Minimum Effective Tax Rate for Multinationals, with Alex Cobham, Tommaso Faccio, Javier Garcia-Bernardo, Jeffery Kadet and Sol Picciotto. Global Policy, 2022, 13(1), 18–33. [pdf]

• Is Panama Really Your Tax Haven? Secrecy Jurisdictions and the Countries They Harm, with Markus Meinzer and Miroslav Palanský. Regulation & Governance, 2022, 16(3), 673–704. [pdf]

• Multinational Corporations and Tax Havens: Evidence from Country-by-Country Reporting, with Javier Garcia-Bernardo and Thomas Tørsløv. International Tax and Public Finance, 28(6), 1519–1561. [pdf]

• Tax Treaties Worldwide: Estimating Elasticities and Revenue Foregone, with Jan Láznička and Miroslav Palanský. Review of International Economics, 2021, 29(2), 359–401. [pdf]

• Estimating the Scale of Profit Shifting and Tax Revenue Losses Related to Foreign Direct Investment, with Miroslav Palanský. International Tax and Public Finance, 2019, 26(5), 1048-1103. [pdf]

Book:

• Estimating illicit financial flows: A critical guide to the data, methodologies and findings, with Alex Cobham. Oxford University Press, 2020. [pdf]