The Taxing Task of Taxing Transnationals
研究了跨国公司的财务和实际投资灵活性、税收竞争以及信息优势如何既为征收公司所得税提供理由，又限制其有效性，并指出这些因素对理解公司税政策至关重要。
Financial and real investment flexibility, tax competition, and superior economic information by transnationals both create a rationale for corporate income taxation and limit the effectiveness of such taxation. While these factors have led to a variety of transnational tax policies, such as deferral, double taxation, apportionment, and trade rules, very few of these institutional features have been integrated into tax competition and agency models. In this paper, I show how the integration of investment flexibility, tax competition, and agency issues is crucial to our understanding of corporate tax policies.