Corporate profit shifting and the role of tax havens: Evidence from German country-by-country reporting data

This article develops a theoretical framework to consider the symbiotic relationship between civil society, social movements and the Irish state. Civil society, largely through social movements, laid the foundations for an independent Irish state in the half-century before independence. Following independence, the nature of the civil society–state relationship changed; civil society became much more dependent on the state. The article empirically traces the nature of society's relationship to the state since the 1920s, and examines the nature of the political system and its major political party, Fianna Fáil, the structure of the economy, and the dominance of particular understandings of the role of civil society and the nature of society itself. The period since the advent of social partnership in 1987 is examined; this period marks a new attempt by the state to co-opt organised civil society making it subservient to its project of the imposition on society of the requirements of global corporate profit-making. The more forceful implementation of a global free-market project by the Irish state since the 1980s, and the co-option of organised civil society into this project, has left huge space for an alternative to emerge, the potential of which was indicated by the success of the ‘No’ campaign in the 2008 Lisbon referendum campaign.

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Role of Tax Havens in Tax Avoidance by Multinationals with Special Regard to Ireland

10.34135/svpmvpiv.191041 ◽

2020 ◽

pp. 333-341

Author(s):

Tamás Zoltán Wágner

Keyword(s):

Tax Avoidance ◽

Case Law ◽

The European Union ◽

Preferential Treatment ◽

Tax System ◽

Tax Havens ◽

Academic Literature ◽

Tax Haven ◽

The Government

Nowadays, many multinationals use tax avoidance strategies in order to minimise their tax liability. They often cooperate with governments providing them preferential treatment. These low-tax jurisdictions called tax havens pose a threat for world economy because they result in huge budgetary loss for countries. Even the European Union has its own tax havens which contribute to the loss of 250 billion euros annually. It is more than 2% of the Union’s GNP. Despite the apparent negative evidences, several member states’ tax system still contains favourable provisions for multinationals. Although, almost everybody would mention the Benelux states first, but many multinationals utilize the loopholes of the Irish tax system. In this regard, it is enough to refer to the Apple case where the European Commission ordered the recuperation of 13 billion euros from the company due to illegal state aid. Hence, we conducted a research based on academic literature and case-law. After a short introduction and dealing with the European Commission’s response to tax avoidance, we analyse the Irish tax system. The main goal was to demonstrate that Ireland – despite the denial of the respective authorities – was a tax haven. Our study proves that multinationals could use almost freely several tax optimisation strategies (e.g. Double Irish and Dutch Sandwich) up to now. Due to strong criticism and scandals the government had to amend the former tax regime, but it does not mean that preferential treatment is abolished. Ireland still should be considered a tax haven.

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Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens

SSRN Electronic Journal ◽

10.2139/ssrn.3525169 ◽

2020 ◽

Author(s):

Antonio Coppola ◽

Matteo Maggiori ◽

Brent Neiman ◽

Jesse Schreger

Keyword(s):

Capital Flows ◽

Tax Havens ◽

Global Capital ◽

Cross Border

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PROFIT SHIFTING TO EUROPEAN TAX HAVENS: THE CASE OF SUBSIDIARIES OF MULTINATIONAL COMPANIES IN SERBIA

TEME ◽

10.22190/teme190715085v ◽

2021 ◽

pp. 1441

Author(s):

Stefan Vržina

Keyword(s):

Statistical Tests ◽

Multinational Companies ◽

Tax Burden ◽

Public Disclosure ◽

Tax Rates ◽

Profit Shifting ◽

Tax Havens ◽

Significant Difference ◽

Tax Haven ◽

National Tax

Due to the presence in a number of countries, multinational companies (MNCs) are in position to register a considerable part of pre-tax profit in countries with a preferential tax regime in order to avoid paying taxes at high rates. In other words, MNCs are able to shift profit from countries with a high tax burden to countries with low tax burden. In this paper, it is examined whether Serbian subsidiaries of MNCs, directly owned by European tax haven entities, more intensively shift profit to tax havens relative to other subsidiaries. A list of tax havens published by Oxfam in 2016 is used. Statistical tests and regression analysis showed that there is no significant difference in profit shifting to tax havens between two mentioned groups of subsidiaries. Therefore, it is possible that MNCs consider Serbia as a country with preferential tax regime due to relatively low statutory and effective corporate income tax rates. However, for the purposes of a detailed analysis, national tax authorities should insist on public disclosure of company tax reports to make tax practices of MNCs more transparent.

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Role of Tax Havens in the Tax Revenue Development and Its Reflection on the Public Revenues of the Developing Countries: An Empirical Study in Iraq (2004–2014)

Mediterranean Journal of Social Sciences ◽

10.5901/mjss.2017.v8n2p289 ◽

2017 ◽

Vol 8 (2) ◽

pp. 289-299

Author(s):

Bushra Fadhil Khudhair Al-taie ◽

Hakeem Hammood Flayyih ◽

Hassnain Raghib Talab ◽

Noor Abbas Hussein

Keyword(s):

Tax Revenue ◽

Socialist Economy ◽

State Budget ◽

Tax Havens ◽

The Public ◽

Tax Haven ◽

Public Revenue ◽

The Impact ◽

Public Revenues

Abstract The aim of this study is to investigate the role of tax haven on tax revenue development and its reflection on public revenue in Iraq between 2004 and 2014. A review of tax haven literature revealed that there are different types of tax havens, categorizations, characteristics, effects of tax havens, socio-economic consequence and reaction to tax haven that requires analysis. An empirical analysis is done in the public revenue of Iraq from 2004 to 2014. Descriptive statistics and evidentiary are employed as the analysis techniques. It is revealed that the importance of structure analysis of public revenues is connected with tax haven because the basic foundation for the State budget. Also, the growth rates of tax revenue for the period beyond the year 2003 which saw the Iraq regime change and more open to the world and draws from a socialist economy to a market economy, as well as the effect of the tax was havens with the direct tax income withholding tax, as well as the impact of tax revenue in the Public State revenues. Withthe analytical nature of the study reported in this paper, there is still an opportunity for further work on larger populations to confirm the generalizability of the findings.

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Study of the Construction Cost Management in Building Structure Design

World Construction ◽

10.18686/wcj.v4i3.1 ◽

2015 ◽

Vol 4 (3) ◽

pp. 1

Author(s):

Hongjun Diao ◽

Zhanhong Wang

Keyword(s):

Cost Reduction ◽

Cost Control ◽

Cost Management ◽

Structure Design ◽

Building Structure ◽

Corporate Profit ◽

Improvement Measures ◽

Engineering Cost ◽

Building Engineering

Cost reduction is the goal of building engineering cost control and the main way to effectively increase corporate profit gains. In this paper, a brief discussion on the contents of engineering cost control in the building structure design is presented. It aims to make enterprises truly recognize the important role of engineering cost control through preliminary analysis and discussion and improve overall strength by a series of improvement measures.

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Financial Features of Systemically Important Banks Operation in Modern Conditions

International Journal of Financial Research ◽

10.5430/ijfr.v12n1p23 ◽

2020 ◽

Vol 12 (1) ◽

pp. 23

Author(s):

Elvira Ildarovna Bulatova ◽

Ekaterina Vladimirovna Ipatova

Keyword(s):

System Development ◽

Banking System ◽

Banking Regulation ◽

Distinctive Features ◽

National Economic ◽

The Russian Federation ◽

Banking Regulation And Supervision ◽

Reporting Data ◽

Systemically Important Banks

The modern banking system is one of the key elements of any national economic system that influences the formation of economic processes. In this regard, it is important to identify the main elements of the banking system that have the greatest impact on the modern economy. The article reveals the financial and distinctive features of modern systemically important credit organizations of the Russian Federation. The authors of the article, based on the structural and dynamic analysis of the credit organizations indicators system, identified the main trends in the banking system development, highlighting the role of systemically important banks in this process. In the course of the analysis, based on the reporting data on the development of the Russian banking system for 2016-2019, the connection between the dynamics of the systemically important credit institutions development and the banking system as a whole was determined. The main conclusions presented in the article can be used in scientific and practical activities in order to strengthen and develop banking regulation and supervision of the largest Russian banks.

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