Tax Havens in the Europen Union, their Identification and Use by the Multinationals
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F18%3A39913278" target="_blank" >RIV/00216275:25410/18:39913278 - isvavai.cz</a>
Result on the web
<a href="https://globalization.uniza.sk/minule-zborniky/" target="_blank" >https://globalization.uniza.sk/minule-zborniky/</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Tax Havens in the Europen Union, their Identification and Use by the Multinationals
Original language description
Tax avoidance is currently an important topic and tax havens play a key role in it. Globalisation brings more possibilities of international tax planning therefore the importance of tax havens has increased even rapidly. Although they are called tax havens, the tax legislation is not the most important indicator of better taxation conditions. Multinationals can reach lower effective tax rate by separate agreement with governments therefore it is important to analyse also other indicators. This contribution focuses on the European Union and tax havens, which are member countries of this organization. Data used as variables within selected method address disproportion of some economic indicators in tax havens. As a method, cluster analysis was selected because it is able to separate the group of tax havens. Results show that there is significant difference between EU countries. Five EU countries are identified as tax havens: Luxembourg, Ireland, Netherlands, Malta and Cyprus. These countries report significantly larger flows of foreign direct investments and larger importance of intellectual property or financial sector in their economics. Especially the position of Luxembourg can be named as strong tax haven. On the other hand, the other EU countries have relatively close position to each other in terms of selected variables. Overall, tax havens report asymmetric in several economic indicators, which address international profit shifting and investment activity.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Globalization and Its Socio-Economics Consequences. 18th International Scientific Conference : proceedings
ISBN
978-80-8154-249-7
ISSN
2454-0943
e-ISSN
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Number of pages
8
Pages from-to
1614-1621
Publisher name
Žilinská univerzita
Place of publication
Žilina
Event location
Rajecké Teplice
Event date
Oct 10, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000681676300206