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The rise of tax havens and conduit countries from the early 2000s
Lejour,Arjan
Lejour,Arjan
Abstract
Tax havens are more and more used as locations for international capital flows. This is not only the case for traditional small island economies, but also for larger conduit countries. Globalisation and lower taxes on corporate income can explain the rise of tax havens to some extent. A more logical explanation is the increase in international corporate tax avoidance. Although the evidence is not definitely conclusive, various developments point in the same direction, such as the rise of indirect capital flows and the fast increase in international payments for the use of intellectual property rights. These developments also suggest that the implemented measures against corporate tax avoidance are only partially effective, and that new international measures are necessary to curb the role of tax havens and conduit countries in international capital flow structures.
Description
Publisher Copyright: © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2023.
Date
2023-04-19
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Publisher
Palgrave Macmillan
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65479558.pdf
Adobe PDF, 333.88 KB
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Keywords
Tax havens, Tax evasion, conduit countries, Tax avoidance, F21 - International Investment ; Long-Term Capital Movements, F23 - Multinational Firms ; International Business, H25 - Business Taxes and Subsidies, SDG 16 - Peace, Justice and Strong Institutions, SDG 17 - Partnerships for the Goals
Citation
Lejour, A 2023, The rise of tax havens and conduit countries from the early 2000s. in S Guex & H Buclin (eds), Tax Evasion and Tax Havens since the Nineteenth Century. Palgrave Macmillan, pp. 139-157. https://doi.org/10.1007/978-3-031-18119-1_7
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info:eu-repo/semantics/openAccess