There is growing evidence that many multinational corporations are lowering their tax obligations by engaging in income shifting—moving income from high-tax countries to low-tax countries or tax havens, and shifting deductions from low-tax countries to high-tax countries. By at least one estimate, the result is loss of nearly $100 to $240 billion annually in global tax revenues. In this Kenan Insight, we explore the extent of the problem and what might be done to address it.
Associate Professor of Organizational Behavior, UNC Kenan-Flagler Business School
Suppliers are increasingly being forced by dominant retailers to clean up their supply chains. These retailers argue that their sustainability mandates may translate into profits for suppliers, but many suppliers are cynical about these mandates because the onus to undertake the required investments is on them while potential gains may be usurped by the mandating retailer.
Simulation-based estimation methods have become more widely used in recent years. We propose a set of tests for structural change in models estimated via simulated method of moments (see Duffe and Singleton (Econometrica 61 (1993) 929).
Using U.S. venture capital investment data from 1985 to 2008 and qualitative interviews, we examine how group dynamics influence the growth of interorganizational collaborations through the addition of new members.
Seventeen states have enacted salary transparency laws to combat pay gaps historically experienced by people of color and women, but the laws take different forms and have produced varying results. How does requiring companies to provide summary salary statistics compare with, for example, preventing companies from asking applicants about their previous salaries? Can such laws actually work against employees? Two experts address these questions and more in this week’s Kenan Insight.
Recent infrastructure legislation offers an opportunity to focus on how new projects can increase wealth in communities with the greatest needs and minimize harm to the environment, all while supporting the broader economy.
Stanford Institute for Economic Policy Research (SIEPR) Policy Fellow - and former Chief Economist of General Motors - Elaine Buckberg outlines how electric vehicles can save the economy as well as the environment.
To find signs of productivity, we must first know where to look. Chief Economist Gerald Cohen describes how an area’s industry mix is key to its productivity and how adjusting that mix can drive more local growth using data from our American Growth Project.