Oxford University Press's
Academic Insights for the Thinking World

  • Author: Peter Dietsch

Tax competition – a threat to economic life as we know it

The creativity of rich individuals and their tax advisors to hide private wealth in tax havens such as the Cayman Islands or Switzerland knows hardly any bounds. Just as unethical, though often legal, are the multiple techniques multinational corporations use to shift profits to low-tax jurisdictions such as Panama or Bermuda.

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