During the 20th century all economic structures underwent the impact of two epochal phenomena, the communications revolution and the financialization of economy. As a consequence of the never ending technological progress, the first has repeatedly reduced the friction of distance, provoking a...

Two global transparency initiatives are underway that could help tackle financial crimes including tax evasion, money laundering and corruption: registration of beneficial ownership for companies (to identify the real persons owning or controlling such companies) and automatic exchange of bank...

Profit without transparency -- Possibilities and opportunities -- The secret power of attorney -- No law, no crime -- Halliburton's hidden Treuhand : fleecing the American taxpayer? -- Shock and awe : Iraq- Halliburton's subsidiary -- Reassessing Halliburton -- Zero transparency with Treuhand...

We examine effective tax rates (ETRs) for 9,022 multinationals from 87 countries from 2006 to 2011. We find that, despite extensive investments in international tax avoidance, multinationals headquartered in Japan, the U.S., and some high-tax European countries continue to face substantially...