Political economy of cross-border income shifting: A protection racket approach
نویسندگان
چکیده
Multinational firms often shift their incomes to low-tax jurisdictions, thus robbing host states of tax revenue. I offer a new theory explain why some do this while others not. argue that are more vulnerable government expropriation are, counterintuitively, less likely income offshore, since complying fully with law gives the greater stake in survival. Analyzing registry-based panel data on multinational firms, burdens, and cross-sectional information firms’ connections havens, l find that, other things equal, concentrated fixed assets use havens. These results challenge existing theories political economy development. Whereas “Pillars Prosperity” suggests successful simultaneously develop protection property rights fiscal capacity, my show perfect can actually undermine state’s ability tax.
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political economy of china in central asia
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In recent years, it has been encouraging to watch the developmental non-governmental organizations (NGOs) become more sophisticated in their thinking on the benefits of trade liberalization. NGOs such as Public Citizen that are against all forms of liberalization are now rare. Most NGOs including, for example, Oxfam, Christian Aid and Action Aid today agree that poor countries would benefit fro...
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ژورنال
عنوان ژورنال: Journal of Comparative Economics
سال: 2022
ISSN: ['0147-5967', '1095-7227']
DOI: https://doi.org/10.1016/j.jce.2022.05.002