In response to the rise of foreign tax haven usage by multinational corporations, several U.S. states have enacted laws that require income from affiliated entities operating in tax haven jurisdictions to be included on the firm's state income tax return. We examine the revenue effects of this...

In this study, we predict and find that multistate bank holding companies strategically allocate costs among their subsidiary banks to minimize tax. In particular, we find that high tax subsidiary banks report higher costs than low tax subsidiary banks within the same bank holding company....

As the digital environment in which we live continues to change at speeds that were unfathomable two decades ago, archaic state tax systems have struggled to keep pace. Cloud computing is the latest innovation to introduce considerable complexity into the state and local tax system. Cloud...