Tax Havens in the Europen Union, their Identification and Use by the Multinationals

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

Tax Havens in the Europen Union, their Identification and Use by the Multinationals

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Tax Havens in the Europen Union, their Identification and Use by the Multinationals

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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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Počet stran výsledku

8

Strana od-do

1614-1621

Název nakladatele

Žilinská univerzita

Místo vydání

Žilina

Místo konání akce

Rajecké Teplice

Datum konání akce

10. 10. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000681676300206