Abstract
A country that facilitates tax avoidance is considered a “taxhaven.” The use of taxhavens by corporations is relatively recent and often derided [Folbre:11]. A simple definition has been offered by Geoffrey Colin Powell (former economic advisor to the Island of Jersey):
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
U.S. Congress: American Jobs Creation Act; H.R.4520, Title VIII, Subtitle A, Section 422 (a), IRC §965(a)(1), 2004.
Liz Alderman: “In Ireland, Low Corporate Taxes Go Untouched”; New York Times, 25 Nov.2010.
Aloisio Almeida: Tax Havens: An Analysis of the OECD Work with Policy Recommendations; Ford School of Public Policy, Apr.2004.
Sergio Arellano: Exit Strategies; Internal Revenue Service, 2002, www.irs.gov/businesses/article/0,,id=179270,00.html.
Raymond W. Baker: Capitalism’s Achilles Heel, Dirty Money and How to Renew the Free Market System; Wiley, 2005.
Leon Bettendorf, Michael P. Devereux, Albert van der Horst, Simon Loretz and Ruud A. de Mooij: Corporate tax harmonization in the European Union; CPB Document 133, Netherlands Bureau for Economic Policy Analysis, Nov.2009.
Peter H. Blessing: Testimony, Hearing on Banking Secrecy Practices and Wealthy American Taxpayers; The Subcommittee on Select Revenue Measures of the House Committee on Ways and Means, 111th Cong. 2, 2009, <http://waysandmeans.house.gov/media/pdf/111/pbless.pdf>.
Marsha Blumenthal and Joel B. Slemrod: “The Compliance Cost of Taxing Foreign Income its Magnitude, Determinants, and Policy Implications”; in [Slemrod:96].
Lynnley Browning: “Gimme Tax Shelter”; New York Times, 4 Feb.2007.
Lynnley Browning: “Insight: Microsoft’s use of low-tax havens drives tax bill to 7 percent of profit”; Reuters / Huffington Post Business, 28 Jul. 2011.
Frances Cairncross: The Death of Distance; Orion, 1997.
Stephen Castle: “Europeans Introduce Corporate Tax Plan”; New York Times, 10 Mar.2011.
CBO: Corporate Income Tax Rates: International Comparison; Congressional Budget Office, Congress of the United States, Nov.2005.
O. Donaldson Chapoton and Lawrence B. Gibbs: A Study of Intercompany Pricing; Claitor’s Publishing; Discussion Draft, U.S. Treasury Department, 18 Oct.1988. Also referred to as the `1988 White Paper’.
Allison Christians: “Sovereignty, Taxation, and Social Contract”; Minnesota Journal of International Law, Vol. 18, August 2009, p.99.
Sue Clark: Letter of response to Martin Hearson, ActionAid UK; SABMiller plc, 11 Nov.2010, www.actionaid.org.uk/doc_lib/sabmiller_right_of_reply_and_response1.pdfl.
Chuck Collins: Stop Corporate Tax Dodging: Talking Points and Background Information; Institute for Policy Studies, 23 Mar.2011.
Farok J. Contractor (ed.): Valuation of Intangible Assets in Global Operations; Quorum, 2001.
Andrew Cornford: Enron and Internationally Agreed Principles for Corporate Governance and the Financial Sector; G-24 Discussion paper 30, UNCTAD, Jun.2004.
Joseph B. Darby IIII and Kelsey Lemaster: “Double Irish More than Doubles the Tax Savings”; Practical US/International Tax Strategies, WorldTrade Executive, Vol.11 no.9, 15 May 2007.
Steven M. Davidoff: DealBook: “The Benefits of Incorporating Abroad in an Age of Globalization“; New York Times, 20 Dec.2011.
Benjamin Davis, Elizabeth Ridlington, Gary Kalman, and Jeffrey Musto: “Tax Shell Game: How Much Did Offshore Tax Havens Cost You in 2010?”; U.S. Public Research Interest Group, 18 Apr.2011, <www.uspirg.org/reports/usp/tax-shell-game-how-much-did-offshore-tax-havens-cost-you-2010>.
Deloitte: SEC Compliance Checklist – General; Deloitte TAX, Jan.2011.
Dhammika Dharmapala and James R. Hines jr.: Which Countries Became Tax Havens?; National Bureau of Economic Research, 2006; revised May 2009.
Richard L. Doernberg: International Taxation in a Nutshell, 8th edition; Thomson Westlaw, 2008, 612pp.
Jesse Drucker: “Globe-trotting Profits, U.S. Companies Dodge $60 Billion in Taxes with Global Odyssey”; Bloomberg Businessweek, 14 May 2010.
Jesse Drucker: “The Tax Haven That’s Saving Google Billions”; Bloomberg Businessweek, 21 Oct.2010.
Jesse Drucker: “Puerto Rico Tax Break Shifts to Cayman Islands”; Bloomberg Businessweek, 20 Dec.2011.
Charles Duhigg and David Kocieniewski: “How Apple Sidesteps Billions in Taxes”; New York Times, 28 Apr.2012.
Lorraine Eden and Robert T. Kudrle: “Tax Havens: Renegade States in the International Tax Regime”; Law & Policy, Vol.27 no 1, Jan.2005.
Siem Eikelenboom and Gaby de Groot: “Nederland in Trek bij Multinationals”; Het Financieele Dagblad, 12 Sep.2011; and subsequent articles.
Martin Feldstein, James R. Hines Jr. and R. Glenn Hubbard (eds.): Taxing Multinational Corporations; University of Chicago Press, 1995.
Mark Felt: Discussion with Bob Woodward; All the President’s Men, Warner Brothers, 1976.
Nancy Folbre: Tax Havens and Treasure Hunts; New York Times, 4 Apr.2011.
GAO, International Taxation: Large U.S. Corporations and Federal Contractors with Subsidiaries in Jurisdictions Listed as Tax Havens or Financial Privacy Jurisdictions; U.S. Government Accountability Office, report GAO-09-157, Dec.2008, 63pp.
Seamus Grimes and Patrick Collins: “The Contribution of the Overseas ICT sector to expanding R&D investment in Ireland”; Irish Geography, Routledge, Vol.42 no.1, 1 Mar.2009, pp.45-67.
Mark Hampton: The Offshore Interface: Tax Havens in the Global Economy; Macmillan, 1996.
Kevin A. Hassett and Aparna Mathur: Spatial Tax Competition and Domestic Wages; American Enterprise Institute for Policy Research (AEI), working paper, 1 Dec.2010.
Joseph Henchman: Rethinking U.S. Taxation of Overseas Operations: Subpart F, Territoriality, and the Exception for Active Royalties; The Tax Foundation, 22 Nov.2011.
Hedge Funds Review: “Cayman registration fees to rise”; Hedge Funds Review News, 15 Dec.2009.
James R. Hines Jr.: “Treasure Islands”; Journal of Economic Perspectives, Vol.24 no.4, Fall 2010, pp.103-126.
David Hummels: “Transportation Costs and International Trade in the Second Era of Globalization”; Journal of Economic Perspectives, Vol.21 no.3, Summer 2007, pp.131-154.
Regulations on Transfer Pricing, Methods to Determine Taxable Income In Connection with a Cost Sharing Arrangement; U.S. Internal Revenue Service T.D. 9568, 19 Mar.2012, implements part of [IRS-CIP:07].
James K. Jackson: Outsourcing and Insourcing Jobs in the U.S. Economy: Evidence based on Foreign Investment; Congressional Research Service, Report for Congress, Cornell University, 15 Apr.2010.
Jeremy Kahn: “Malta Lures Hedge Funds with 300 Days of Sunshine”; Bloomberg Markets Magazine, 10 Jan.2012.
Wolfgang Kessler and Rolf Eicke: “Closer to Haven? New German Tax Planning Opportunities”; Tax Notes International, Vol.42 no.6, 8 May 2006.
Andries Kroon: “The Netherlands and Netherlands Antilles in International Tax Planning”; in [Ogley:00], 2000, pp.32-46.
Marc M. Levey, Victor H. Miesel, William S. Garofalo, Michael F. Patton, Zion Levy, Kenneth J. Krupsky, and Karl L. Kellar: “Transfer Pricing: Alternative Practical Strategies”; Tax Management, Bureau of National Affairs (BNA), 2001.
Carl Levin: Statement; Permanent Subcommittee on Investigations, U.S. Congress, 20 Sep.2012.
Peter Locher and Ernst Blumenstein: System des Schweizerischen Steuerrechts, 6th edition; Schulthess, 2002.
Steve. Lohr: “Study Plays Down Export of Computer Jobs”; New York Times, 23 Feb.2006. p.C11.
Lowtax: Global Tax & Business Portal; BSiMedia, Hastings, East Sussex, UK, 2011, accessed Feb.2011 <www.lowtax.net/>.
Gabriel Makhlouf: List of Uncooperative Tax Havens; Committee on Fiscal Affairs, OECD, Paris, France, 19 Apr.2002.
Kevin S. Markle and Douglas A. Shakelford: Do Multinationals or Domestic Firms Face Higher Effective Tax Rates; University of North Carolina, Jun.2009.
Matthew Mosk, Brian Ross, and Megan Chuchmach: Romney Parks Millions in Cayman Islands; ABC News Nightline, 18 Jan.2012.
OECD Committee on Fiscal Affairs: Double Taxation Convention and the use of Conduit Companies; OECD, Paris, 1986.
OECD Committee on Fiscal Affairs: Harmful Tax Competition, An Emerging Global Issue; Organisation for Economic Co-operation and Development (OECD), Paris, Apr.1998.
Patrick O’Gara: UK Tax Residence of Offshore Companies: Laerstate BV v. HMRC; Baker & McKenzie, Jun.2010, www.bakermckenzie.com/RRUKTaxResidenceOfOffshoreCompanies/>.
Adrian Ogley (ed.): Tolley's Tax Havens, 3rd edition; Tolley Publishing, 2000.
Ronen Palan: The Offshore World: Souvereign Markets, Virtual Places, and Nomad Millionaires; Cornell University Press, 2006.
Ronen Palan, Richard Murphy, and Christian Chavagneux: Tax Havens: How Globalization Really Works; Cornell Studies in Money, 2010, <www.cornellpress.edu>.
Lisa Pollock: “Tax arbitrage 101”; Financial Times, 25 May 2012.
Jack Rasmus: the War at Home: the Corporate Offensive from Ronald Reagan to George W. Bush; Kyklos Productions, 2006.
Aswath Rau and Pallabi Ghosal: “Entering the Tiger’s Den: Foreign Investment in India Through Mauritius or Singapore”; Singapore Law Gazette, Feb.2012.
Richard Roberts: The City, A Guide to London's Global Financial Center; The Economist, Bloomberg Press, 2008.
Dan Rostenkowski et al.: Tax Reform Act of 1986, Conference report, HR 3838; 22 Nov.1985.
Richard Rubin and Andrew Zajac: “IRS Warns Busy Signals, Weaker Enforcement Will Follow Cuts”; Bloomberg Businessweek, 17 Oct.2011.
SAT: China Transfer Pricing Regulations; China State Administration of Taxation, Circular Guoshuifa 2009 no.2, 8 Jan.2009; English text available at KPMG <www.kpmg.com/cn/en/whatwedo/tax/global-transfer-pricing-services/pages/china-transfer-pricing-regulations.aspx>.
Steven L. Schwarcz: “Rethinking the Discourse Paradigm in a World of Complexity”; University of Illinois Law Review, Vol.2004 no.1, University of Illinois School of Law, 2004, pp.1-37.
Jason C. Sharman: Havens in a Storm: The Struggle for Global Tax Regulation; Cornell University Press, 2006.
Nicholas Shaxson: Treasure Islands, Tax Havens and the Men Who Stole the World; The Bodley Head, London, 2011.
Philip Shropshire: A Combination of Legislative Actions and Increased IRSCapability and Capacity are Required to Reduce the Multi-Billion U.S. International Tax Gap; Treasury Inspector General for Tax Administration, 2009-IE-R001, 27 Jan.2009.
Leslie Stahl: A look at the world's new corporate tax havens; CBS News, 60 Minutes, 25 Mar.2011; <www.youtube.com/watch?v=MxgezC4KhXQ>.
Statec: Portrait économique et social du Luxembourg; Government of Luxembourg, Statistics Department, Nov.2010, <www.statistiques.public.lu/>.
Martin A. Sullivan: “Drug Firms Move Profits to Save Billions”; Tax Notes, TaxAnalysts, 7 Aug.2006.
Martin A. Sullivan: “Economic Analysis: So 1980s: The Return of Nickel-and-Dime Tax Policy”; Tax Notes, Vol.151 no.6, 6 Aug.2009.
Martin A. Sullivan: Corporate Tax Reform: Taxing Profits in the 21st Century; Apress, 2011.
Lawrence Summers: “A Strategy to Promote Healthy Globalization”; Financial Times, 4 May 2008.
Michiel van Dijk, Francis Weyzig, and Richard Murphy: The Netherlands: A Tax Haven?; Stichting Onderzoek Multinationale Ondernemingen (SOMO), Amsterdam, Nov.2006, <bit.ly/aC2zuB>.
Gio Wiederhold: “Follow the IP: How Does Industry pay Programmer’s Salaries When the Required Intellectual Property Is Offshored?“; Communications of the ACM, Vol.54 no.1, Jan.2011, pp.65-74.
Gio Wiederhold, Amar Gupta, and Rajat Mittal: “The Value of Outsourced Software”; in M. Josef and B. Meyer (eds.): Software Engineering Approaches for Offshore and Outsourced Develop-ment (SEAFOOD), Springer Verlag Lecture Notes in Computer Science, 2007, pp.141-151.
Nicholas Woolf: Royal Charter Presentation for Tax Advisers Livery Company; The Worshipful Company of Tax Advisers, 14 May 2010, <www.taxadvisers.org.uk/allnews/article.4>.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2014 Springer Science+Business Media New York
About this chapter
Cite this chapter
Wiederhold, G. (2014). Taxhavens. In: Valuing Intellectual Capital. Management for Professionals. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-6611-6_6
Download citation
DOI: https://doi.org/10.1007/978-1-4614-6611-6_6
Published:
Publisher Name: Springer, New York, NY
Print ISBN: 978-1-4614-6610-9
Online ISBN: 978-1-4614-6611-6
eBook Packages: Business and EconomicsBusiness and Management (R0)