This chapter provides a description of one of the key anti-tax-avoidance rules to combat profit shifting by multinational corporations, so called Controlled Foreign Corporation (CFC) rules that directly target income in low-tax countries. We explain some key institutional features of CFC...

Tax subsidies alter the distribution of tax burdens in ways that blur the ability of researchers and policymakers to measure tax incentives at the country level, to clearly define a tax haven, and to understand firm-level tax avoidance. In the European Union (EU), control of “state aid”...

The Research Paper commences with an overview of Pillar One and Pillar Two followed by detailed discussions on salient provisions of Pillar Two. Pillar Two is envisaged to have a widespread impact on Small Island Developing States (SIDS) which are a distinct group of 38 United Nations (UN)...

We examine the relationship between corporate subsidiaries located in tax haven countries, the parent firms’ tax sheltering activity, and permanently reinvested earnings. We measure tax shelter intensity with tax reserves established under ACS 740-10 for uncertain tax positions that are...

In recent years, tax havens have attracted increasing attention of many international organisations, policy makers and development agencies. This article deals with concept of tax havens and their impact on different countries. Tax havens are the countries which offer very low tax rates to...

Within a close system of legal rules, it is almost impossible to combat the abuse of offshore business and tax haven-related transactions. This is first because international business lacks even the fundamental sources of law. Secondly, even if international business were fully covered by...

This article aims to examine relevant issues to be considered in the Brazilian international fiscal policy in relation to the possible taxation of offshore indirect transfers. This analysis initially outlines the main economic principles and tax policies that may contribute to answer the...