|Villages by the Lake|
An increase in the effective top marginal tax rate by 10 percentage points raises gross CEO pay at the firm level by 12.0 %. CEOs use their bargaining power to shift their tax load partly to the employer. Less powerful members of the executive board - measured in terms of their function or level of pay - are less successful in doing so.
*Do multinational firms invest more? On the impact of internal debt financing and transfer pricing on capital accumulation
*Do experts help firms optimise?
*Cash-flow business taxation revisited: bankruptcy, risk aversion and asymmetric information
For those who think reportage might be a tough sell in the U.S., let me point you to a more recent example of the genre: Gottland by Mariusz Szczygiel (tr. Antonia Lloyd-Jones), published in 2013 by Melville House. Despite being about the (some might say) obscure subject of “the Czech half of the former Czechoslovakia”, Gottland received to raves from the likes of The New York Times, NPR, and Julian Barnes. Apparently it sold out quick, as it is no longer available and copies now go on Amazon for $60.00 (I hope Melville House reprints it soon).