 The Role of Tax Havens in Tax Avoidance by MultinationalsMałgorzata Kutera ()
A chapter in Contemporary Trends in Accounting, Finance and Financial Institutions, 2018, pp 111-121 from Springer Abstract: Abstract Today, multinationals play a leading role in shaping the economic relations in the world. Their investment decisions lead to huge capital flows which have a direct impact on the budgets of many states. A key role in this process is played by the differences in tax systems, which allow the profits generated to be taxed at the minimum percentage rate (or none at all) depending on the location in which the business is actually run. This leads to intentional tax avoidance, which has now become one of major economic problems and significantly contributes to the increasing socio-economic inequality. The main purpose of this publication is to present the scale of tax avoidance by multinationals and how this impacts the capital flows in the global economy. This article is mainly based on an analysis of financial figures of the largest supranational enterprises and selected macroeconomic ratios. Keywords: Tax havens; Tax avoidance; Multinationals; Tax abuses (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-319-72862-9_9 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-72862-9_9 Access Statistics for this chapter More chapters in Springer Proceedings in Business and Economics from Springer |
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