The role of tax havens and offshore financial centres in shaping corporate geographies: an industry sector perspective

Thomas Sigler, Kirsten Martinus, Iacopo Iacopini and Ben Derudder

Regional Studies, 2020, vol. 54, issue 5, 621-633

Abstract: This paper investigates the role of tax havens and offshore financial centres (THOFC) in the global economy. Network analysis of 24 industry sectors suggests that THOFC feature prominently in knowledge-intensive activities such as pharmaceuticals, biotechnology and semiconductors, and are least significant in industrial activities such as automobiles and consumer durables, and place-bound activities such as real estate and retailing. Contrasting with the notion that most THOFC are ‘rogue’ offshore territories, the most significant are either continental nation-states or British territorial dependencies. It is concluded that global firm networks often mimic the geographies of taxation more than actual production or consumption activities.

Date: 2020
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DOI: 10.1080/00343404.2019.1602257

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