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Corporate investments in tax havens: evidence from India

K. V. Mukundhan (), Sreevas Sahasranamam () and James J. Cordeiro ()
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K. V. Mukundhan: Indian Institute of Management Tiruchirappalli
Sreevas Sahasranamam: Strathclyde Business School, University of Strathclyde
James J. Cordeiro: State University of New York (SUNY) – Brockport

Asian Business & Management, 2019, vol. 18, issue 5, 360-388

Abstract: Abstract Little is known about the drivers of corporate investments in tax havens from emerging markets. This paper offers extensive descriptive statistics and regression analysis to illustrate the patterns and motivations for tax haven investments by Indian firms over the 2007–2017 period. We find that the motivations for Indian firms to invest in tax havens are not only driven by the benefits of tax avoidance and secrecy of these jurisdictions, but also to seek strategic advantage and efficiency gains in global markets.

Keywords: Tax havens; Foreign Direct Investment (FDI); India; Emerging markets; Emering market multinationals; Internationalization (search for similar items in EconPapers)
Date: 2019
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