Leading international scholars (including Dunning, Porter, Lipsey, Strange, Rugman, Stopford, and Graham) describe and analyse this deepening globalization of the world economy and its implications for governments, firms, and different regions of the world.

This paper investigates the choice of apportionment factors under a corporate tax system of Formula Apportionment. In contrast to perceived wisdom, we show that the apportionment formula contains both mobile (capital) and immobile (labor) factors if jurisdictions are granted full fiscal autonomy...

The rise in foreign direct investment and the increasing activity of multinational firms expose national corporate tax bases to cross-country profit shifting, but also lead to rising profitability of the corporate sector. We incorporate these two effects of economic integration into a simple...