The Yale Law Journal

Dhammika Dharmapala


Taxing the Bandit Kings

Mihir A. Desai & Dhammika Dharmapala

The rise of significant inbound capital flows originating from sovereign wealth funds (SWFs) has occasioned a debate over the appropriate regulatory and tax treatment of these funds. In particular, it has been argued that the tax exemption currently enjoyed by SWFs confers an advantage on these enti…