Offshore Pariahs? Small Island Economies, Tax Havens, and the Re-configuration of Global Finance

Hampton, Mark P.; Christensen, John

doi:10.1016/s0305-750x(02)00054-2

Cited by 126 publications

(76 citation statements)

References 20 publications

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“…Such theories now face additional layers of complexity as accountancy firms develop and market tax avoidance schemes t hat have a potential to deprive the state of large amounts of tax revenues. The erosion of tax revenues can threaten the legitimacy of the state by undermining its ability to provide public goods and the carefully propagated belief that it addresses common social interests (Hampton and Christensen, 2002). The global tax avoidance industry poses serious challenges to the future of democracy and the nation-state itself.…”

Section: Discussion and Summarymentioning

confidence: 99%

The role of accountancy firms in tax avoidance: Some evidence and issues

2005

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As entrepreneurial businesses, accountancy firms have supplemented their traditional trade of selling accounting and auditing services by diversifying into a variety of other products and services. They have developed organisational struc tures and strategies to sell tax avoidance schemes to corporations and wealthy individuals. The sale of such services shifts tax burdens to less mobile capital and less well-off citizens. It also erodes the tax base and brings the firms into direct conflict with the state. This paper provides some evidence of the strategies and tactics used by accountancy firms to sell schemes that enable their clients to avoid corporate, sales and payroll taxes. Such strategies stimulate reflections upon the possible trajectories in the development of accountancy firms and social consequences of their trade.

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Section: Discussion and Summarymentioning

confidence: 99%

The role of accountancy firms in tax avoidance: Some evidence and issues

2005

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“…This step drops seven countries which had received investment from the sample firms. 4 We exclude investment projects in Hong Kong, Singapore, Macau, and Caribbean tax havens (Bermuda, Virgin Island, and Cayman Island) because outward FDI from China to these destinations may be driven by tax considerations (Hampton & Christensen, 2002). We restrain our analyses to a sample of subsequent entries which represents the location choices of new entries by 74 firms among 53 countries in which they had invested in previous years.…”

Section: Developed and Developing Country Contextsmentioning

confidence: 99%

International experience and FDI location choices of Chinese firms: The moderating effects of home country government support and host country institutions

et al. 2014

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This is the accepted version of the paper.This version of the publication may differ from the final published version. sub-sample analyses we identify differences between entering developed and developing host countries in terms of the impact of home country government support and quality of host country institutions. Our findings help explain the puzzle concerning why EE firms have rapidly internationalized in a short period of time and do not follow the pattern predicted by classical IB theories. In comparison with studies from developed country contexts, our findings also highlight that the effect of home country support may be context specific. Permanent repository link

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“…Thus, while non-residents enjoy a tax refuge in return for payment only of some registration and renewal fees, residents do not have the same privileges and are fully taxed (Palan et al, 2010). Moreover, "the ring fencing of fiscal schemes" is considered a fundamental characteristic of tax havens (Hampton and Christensen, 2002). Also, Shaxson (2012) believes that without the tax havens multinational companies would never have became so developed and powerful, while Deneault (2011) sees in tax havens a political issue.…”

Section: Introductionmentioning

confidence: 99%