Michael Devereux

Michael Devereux

Professor of Business Taxation


Centre for Business Taxation
Saïd Business School
University of Oxford
Park End Street
Oxford
OX1 1HP

Profile

Michael Devereux is Director of the Oxford University Centre for Business Taxation, Professor of Business Taxation at Saïd Business School, and a Professorial Fellow at Oriel College.

 

Mike’s work concerns the impact of taxes on business behaviour, including investment, employment, location and financial behaviour, as well as the design of appropriate tax policies for business. A particular interest is the international side of corporation tax, including where companies do and should pay tax on profit, how differences in taxes affect real economic decisions (such as where companies locate different economic activities), and how this affects the process of competition between countries.

Mike was elected President of the International Institute for Public Finance for a three-year term in August 2011. He is Research Director of the European Tax Policy Forum, and a member of the Board of Academic Advisers of the International Tax Policy Forum. He is Research Fellow of the Institute for Fiscal StudiesCESifo and the Centre for Economic Policy Research. He is Assistant Editor (Economics) of the British Tax Review and sits on the Editorial Board of the World Tax Journal. He has previously been Editor in Chief of International Tax and Public Finance, and Managing Editor of Fiscal Studies.

Mike has made a significant contribution to the tax policy-making debate in the UK and internationally, especially through the EU commission where most recently he was a member of the European Commission High Level Expert Group on Taxation of the Digital Economy, the OECD, and the IMF. He is a member of the Government-Business Forum on Tax and Competitiveness, chaired by David Gauke MP, Exchequer Secretary to the Treasury. He acted as Specialist Adviser to the Economic Affairs Committee of the House of Lords on its enquiry into corporation tax in 2013.

Prior to his appointment as the first director of the Centre for Business Taxation at Oxford, Mike obtained his PhD in Economics at University College London, and was Professor and Chair of the Economics departments at the Universities of Warwick and Keele.

Expertise:

  • Taxation of companies
  • Business behaviour: investment, employment, finance and location
  • Economic geography

Read Michael's CV.

Research

Mike’s research interests are mainly concerned with the impact of different forms of taxation on the behaviour of business.

This includes assessing the impact of taxation on corporate investment and financial policy and the location decisions of multinationals - the impact of such behaviour on economic welfare, and the design of taxes on business. He has published widely in leading academic journals.

 

Publications

Can taxes tame the banks? Evidence from the European bank levies(opens in new window)

Journal article  |  The Economic Journal  | 
  • Michael DEVEREUX,
  • Niels Johannesen,
  • John VELLA
Finance

The Impact of Investment Incentives: Evidence from UK Corporation Tax Returns(opens in new window)

Journal article  |  AMERICAN ECONOMIC JOURNAL-ECONOMIC POLICY  | 
  • Giorgia Maffini,
  • Jing Xing,
  • Michael P Devereux
Finance

What do we know about corporate tax competition?

Journal article  |  National Tax Journal  | 
  • M Devereux,
  • S Loretz
Finance

Does the UK now have the most competitive tax regime in the G20?

Journal article  |  Business Excellence  | 
  • M Devereux
Finance

An applied analysis of ACE and CBIT reforms in the EU(opens in new window)

Journal article  |  International Tax and Public Finance  | 
  • RA de Mooij,
  • MP Devereux
Finance
See more publications

Engagement

Mike is a leading and highly respected commentator and advisor on corporation tax within the EU and internationally.

Mike’s formal policy involvement includes being an external independent member of the government Business Forum on Tax and Competitiveness, chaired by David Gauke MP, Exchequer Secretary to the Treasury. He also acted as Specialist Adviser to the Economic Affairs Committee of the House of Lords on its enquiry into corporation tax in 2013.

Other examples of formal policy engagement include an impact assessment, with other researchers, of the European Commission’s proposals for a Common Consolidated Corporate Tax Base, and a joint project with the OECD (involving representatives of academia, business and NGOs) which investigated the case for greater transparency in financial reporting tax by multinational companies. 

Mike also plays an informal role in policy development through contacts with HRMC, HM Treasury, the OECD and the European Commission.

Teaching

Mike undertakes a range of teaching commitments.

He is currently teaching firms & markets to the MBA students, as well as a Business Taxation elective on the Masters in Public Policy course at Blavatnik School of Government.