Im Wettbewerb der Finanzmärkte nehmen Offshore-Finanzzentren wie Guernsey und Luxemburg eine Sonderstellung ein: Finanzinnovationen sowie liberale Rechtsvorschriften eignen sich dazu, Finanzunternehmen zur Auslagerung bestimmter Tätigkeitsfelder in Finanzplätze zu bewegen, die nicht in...

To our knowledge, this paper provides the most comprehensive analysis, to date, of the role of leverage, intangible assets, and tax havens in reducing firm-level corporate income taxes. Using publicly available financial statement information for 3,926 public corporations from 62 countries from...

This paper analyzes the causes and consequences of offshore financial centers (OFCs). Since OFCs are likely to be tax havens and money launderers, they encourage bad behavior in source countries. Nevertheless, OFCs may also have unintended positive consequences for their neighbors, since they...

Botswana has recently been coming under attacks for its tax system. The EU has categorized it as a tax haven but still have not blacklisted it. The purpose of this paper is to evaluate the banking and tax laws of the Botswana to asses whether they are in line with OECD and EU standards. It will...