Governments face complex problems in taxing crossborder, intrafirm transactions of multinational enterprises. Such transactions dominate world trade flows and critically affect national tax revenues. However, their values - transfer prices - are set typically inside the multinationals. As a...

On 4 February 2021, in a panel on “Digitalisation of the Economy: OECD Blueprints Discussion” at the Canadian Tax Foundation’s virtual Transfer Pricing Conference, I spoke about possible winners and losers from the OECD’s Pillar One “Amount A” proposals. My estimates focused on tax...

Transnational corporations are oligopolistic firms engaged in strategic games designed to enhance their market share at the expense of their rivals. They benefit from having governments see them as insiders within a regional market, and their rivals as outsiders. This article hypothesizes that...