Ms.Li Liu

Personal Income Tax Progressivity: Trends and Implications

This paper discusses how the structure of the tax system affects its progressivity. It suggests a measure of progressive capacity of tax systems, base...

International Corporate Tax Avoidance: A Review of the Channels, Magnitudes, and Blind Spots

This paper reviews the rapidly growing empirical literature on international tax avoidance by multinational corporations. It surveys evidence on main ...

The Impact of Profit Shifting on Economic Activity and Tax Competition

A growing empirical literature has documented significant profit shifting activities by multinationals. This paper looks at the impact of such profit ...

International Tax Spillovers and Tangible Investment, with Implications for the Global Minimum Tax

This paper articulates and, using newly-assembled data, explores how international taxation affects aggregate tangible cross-border investment. Spillo...

Effectiveness of Fiscal Incentives for R&D

Quasi-Experimental Evidence

With growing academic and policy interest in research and development (R&D) tax incentives, the question about their effectiveness has become ever mor...

Where Does Multinational Investment Go with Territorial Taxation? Evidence from the UK

In 2009, the United Kingdom changed from a worldwide to a territorial tax system, abolishing dividend taxes on foreign repatriation from many low-tax ...

Home Or Away? Profit Shifting with Territorial Taxation

In 2009, the United Kingdom abolished the taxation of profits earned abroad and introduced a territorial tax system. Under the territorial system, fir...

Broadening the Gains from Generative AI

The Role of Fiscal Policies

Generative artificial intelligence (gen AI) holds immense potential to boost productivity growth and advance public service delivery, but it also rais...

An Assessment of Global Formula Apportionment

Formula apportionment as a way to attribute taxable profits of multinationals across jurisdictions is receiving increased attention. This paper review...

Exploring Residual Profit Allocation

Schemes of residual profit allocation (RPA) tax multinationals by allocating their ‘routine’ profits to countries in which their activities take p...

Are Elasticities of Taxable Income Rising?

This paper assesses a possible explanation for the global downward trend in top personal income tax rates over the last decades: globalization and the...

VAT Notches, Voluntary Registration, and Bunching: Theory and UK Evidence

Using administrative tax records for UK businesses, we document both bunching in annual turnover below the VAT registration threshold and persistent v...

At a Cost

The Real Effects of Transfer Pricing Regulations

Unilateral adoption of transfer pricing regulations may have a negative impact on real investment by multinational corporations (MNCs). This paper use...