Assoc. Prof. Sarah Clifford

Corporate Taxation

Sarah Clifford works within the area of public economics with a particular interest in behavioral responses to taxation. Her current work focuses partly on tax enforcement and partly on questions related to the workings of the internal market within the multinational firm. Her work addresses questions such as: How do various policy tools affect tax collection? How do multinational firms exploit the internal capital market within the firm in a time of crisis? How do multinational firms allocate resources in response to tax shocks?

While visiting CES, Ms. Clifford will work on projects related to corporate taxes using detailed data on German multinational firms. In an ongoing project, she and her co-authors from LMU Munich and the University of Oxford measure the extent to which the corporate tax induces firms to move investments and real economic activity abroad. The project further investigates the interplay between moving real economic activity and artificially moving paper profits abroad. In another project, also with co-authors from LMU Munich, she investigates the Global Minimum Tax and whether the firms in scope for this new tax are the (primary) aggressive tax planners.

Sarah Clifford is an Associate Professor at the University of Oxford, Department of Economics and Tutorial Fellow at St Hugh’s College, Oxford. Prior to this position Ms. Clifford was a Postdoctoral Prize Research Fellow at Nuffield College and the Centre for Business Taxation, University of Oxford. She holds a PhD in Economics from the University of Copenhagen. She has also been awarded a BSc in Mathematics and Economics, a BSc in Actuarial Science and an MSc in Economics from the University of Copenhagen.