For individual taxpayers engaged in offshore tax evasion, the U.S. government has issued a clarion call of deterrence best summarized in the song made famous by Martha and the Vandellas: “Nowhere to run to; nowhere to hide.” Yet, the jury is still out — literally — for most bankers,...

Backdating is a much misunderstood and largely unexplored subject. It involves a wide range of conduct, some of which is an integral part of everyday law practice. To the layperson, backdating connotes wrongdoing. The propriety of backdating, however, depends upon its purpose and effect. Every...

The concept of tax evasion is the primary focus of the study. Data is gathered from a survey of approximately eleven hundred individuals across six countries. An eighteen-item scale is presented, analyzed, and discussed. Findings suggest that tax evasion has three overall perceptual dimensions...

The arm's length principle (ALP), which requires multinationals to price their related-party transactions as if the transactions were conducted at arm's length, currently faces three major criticisms (or Goliaths), two old, one new. The old Goliaths are (1) transfer pricing is abusive and strips...

In contrast to financial arbitrage, which causes prices of economically equivalent transactions to converge in the direction of one price, regulatory arbitrage does not lead to such price convergence. In contrast, regulatory arbitrage tends to produce two different prices for economically...