The tax rules of the United States and of foreign countries affect multinational corporations in a variety of ways. Researchers at the National Bureau of Eco- nomic Research have been studying the impact of taxation on multinational corporations for several years. From time to time, the results of this research have been presented at NBER conferences and subsequently published in NBER volumes. The papers in the current volume, which were presented at such a conference in January 1994, were the result of studies during the previ-.
