TAX REVENUES ARE THE LIFEBLOOD OF DEMOCRATIC GOVERNMENT AND THE SOCIAL CONTRACT, BUT THE MAJORITY OF MULTINATIONAL BUSINESSES HAVE BEEN STRUCTURED SO AS TO ENABLE TAX AVOIDANCE IN EVERY JURISDICTION IN WHICH THEY OPERATE. JOHN CHRISTENSEN AND RICHARD MURPHY OF THE TAX JUSTICE NETWORK ARGUE THAT...

We analyze a principal-agent setting with multiple sources of contracting information in which the signal from each source can be unmistakably interpreted as “good” or “bad” news. We then ask whether it is best to condition the acquisition of one of the information sources on whether the...

In this article the value of communications structures is considered in an agency model with differential information. The optimal compensation to the agent is characterized, and it is shown that this characterization is related to the accountant's use of the budget as a motivation device....

Purpose – The purpose of this paper is to consider the activities of tax havens in the global financial markets and explore their role in providing a supply‐side stimulant for corrupt practices. It aims to argue that the corruption debate needs to shift to a second phase in which the role of...