The OECD has published a working paper on MNE Business Functions and Corporate Taxation, which investigates how the business functions conducted by MNEs in a jurisdiction respond to corporate taxation. To do so, the paper relies on aggregated and anonymized Country-by-Country Reporting data. --- Abstract This paper examines real responses of large multinational enterprises (MNEs) to tax by studying their global allocation of business functions drawing on a novel dataset of the global activities of large MNE groups. The paper first provides initial descriptive insights on the distribution of MNE business functions across jurisdictions. It subsequently explores the relationship between...