The release of classified documents in the past years have offered a rare glimpse into the
opaque world of tax havens and their role in the global economy. Although the political …

In this paper, we review the burgeoning literature on the study of corporate financialization,
distinguishing three strands of empirical, quantitative studies:(1) national‐level and macro …

Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with
enormous inward and outward investment positions. This paper uses several new data …

Multinational corporations use highly complex structures of parents and subsidiaries to
organize their operations and ownership. Offshore Financial Centers (OFCs) facilitate these …

We exploit the new country-by-country reporting data of multinational corporations, with
unparallelled country coverage, to reveal the distributional consequences of profit shifting …

Governments' revenues are lower when multinational enterprises avoid paying corporate
income tax by shifting their profits to tax havens. In this paper, we ask which countries' tax …

This paper examines the determinants of a multinational enterprise's (MNEs) decision to set
up tax haven subsidiaries. We adapt the firm-specific advantage–country-specific advantage …

Modern civilization revolves around money. However, money is a paradox. It is nothing more
than a representation of and medium for decentralized networks of social trust, but its …

This paper investigates the association between the Big 4 accountancy firms and the extent
to which multinational enterprises build, manage and maintain their networks of tax haven …

Both academic research and public policy debate around tax havens and offshore finance
typically suffer from a lack of definitional consistency. Unsurprisingly then, there is little …