Dataset - Exhibit 21 Country Dummies (Fixed Effects)

• Description
  Excel dataset that contains a complete list of country indicator variables (ISO3) indicating where a firm (CIK) has material foreign subsidiaries during a year (Data Date) based on its Exhibit 21 disclosures. Best used as country fixed effects. Data coverage stops at 2023.

• Citation
  Deng, Z., Rane, S. G. The Foreign Market Effect and Estimating Tax-Motivated Income Shifting. National Tax Journal, forthcoming.