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Do Tax Havens Divert Economic Activity?Mihir A. DesaiHarvard Business School - Finance Unit; National Bureau of Economic Research (NBER) C. Fritz FoleyHarvard Business School; National Bureau of Economic Research (NBER) James R. Hines Jr.University of Michigan; NBER April 2005 Ross School of Business Paper No. 1024 Abstract: When multinational firms expand their operations in tax havens, do they divert activity from non-havens? Much of the debate on tax competition presumes that the answer to this question is yes. This paper offers a model for examining the relationship between activity in havens and non-havens, and discusses the implications of recent evidence in light of that model. Properly interpreted, the evidence suggests that tax haven activity enhances activity in nearby non-havens.
Number of Pages in PDF File: 12 Keywords: Tax havens, tax competition, foreign direct investment, investment, multinational firms JEL Classification: H87, F23, F21 working papers seriesDate posted: April 21, 2005Suggested CitationContact Information
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