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The role of tax havens and offshore financial centres in shaping corporate geographies: an industry sector perspective

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  • Thomas Sigler
  • Kirsten Martinus
  • Iacopo Iacopini
  • Ben Derudder

Abstract

This paper investigates the role of tax havens and offshore financial centres (THOFC) in the global economy. Network analysis of 24 industry sectors suggests that THOFC feature prominently in knowledge-intensive activities such as pharmaceuticals, biotechnology and semiconductors, and are least significant in industrial activities such as automobiles and consumer durables, and place-bound activities such as real estate and retailing. Contrasting with the notion that most THOFC are ‘rogue’ offshore territories, the most significant are either continental nation-states or British territorial dependencies. It is concluded that global firm networks often mimic the geographies of taxation more than actual production or consumption activities.

Suggested Citation

  • Thomas Sigler & Kirsten Martinus & Iacopo Iacopini & Ben Derudder, 2020. "The role of tax havens and offshore financial centres in shaping corporate geographies: an industry sector perspective," Regional Studies, Taylor & Francis Journals, vol. 54(5), pages 621-633, May.
    • Handle: RePEc:taf:regstd:v:54:y:2020:i:5:p:621-633
    DOI: 10.1080/00343404.2019.1602257
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    Citations

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    Cited by:

    1. Ronen Palan & Hannah Petersen & Richard Phillips, 2023. "Arbitrage spaces in the offshore world: Layering, ‘fuses’ and partitioning of the legal structure of modern firms," Environment and Planning A, , vol. 55(4), pages 1041-1061, June.
    2. Matti Ylönen & Ringa Raudla & Milan Babic, 2024. "From tax havens to cryptocurrencies: secrecy-seeking capital in the global economy," Review of International Political Economy, Taylor & Francis Journals, vol. 31(2), pages 563-588, March.
    3. Olga A. Sinenko & Timofey P. Mitrofanov, 2021. "Identification of Signs of “Business Fragmentation” in Russian Far Eastern Territories with Special Economic Status," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 88-103, June.
    4. van Meeteren, Michiel & Kleibert, Jana, 2022. "The global division of labour as enduring archipelago: thinking through the spatiality of ‘globalisation in reverse’," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 15(2), pages 389-406.
    5. Michiel van Meeteren & Jana Kleibert, 2022. "The global division of labour as enduring archipelago: thinking through the spatiality of ‘globalisation in reverse’ [Uneven and combined state capitalism]," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 15(2), pages 389-406.
    6. Jean-François Hennart & Dylan Sutherland, 2022. "International business research: The real challenges are data and theory," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 53(9), pages 2068-2087, December.
    7. Hearn, Bruce & Oxelheim, Lars & Randøy, Trond, 2023. "The influence of business groups on board composition in offshore financial multinational enterprises," International Business Review, Elsevier, vol. 32(3).
    8. Mathias Heidinger & Fabian Wenner & Sebastian Sager & Paul Sussmann & Alain Thierstein, 2023. "Where do knowledge-intensive firms locate in Germany?—An explanatory framework using exponential random graph modeling [Welche Standorte wählen wissensintensive Unternehmen in Deutschland? – Ein Er," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 43(1), pages 101-124, April.
    9. Chen, Meng-Ting & Feliciano, Zadia M., 2024. "Intangible assets, corporate tax credits and pharmaceutical establishments," Emerging Markets Review, Elsevier, vol. 60(C).

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