Abstract
This paper explores the link between foreign direct investment (FDI) and the BEPS (base erosion and profit shifting) practices of multinationals (MNEs). It puts the spotlight on the outsize role of offshore investment hubs as major players in global corporate investment, a role that is largely due to MNEs' tax planning, although other factors contribute. The paper shows that tax avoidance practices enabled by FDI through offshore hubs are responsible for significant leakage of development financing resources. In policy terms, these findings call for enhanced cooperation and synergies between international tax and investment policymaking.
| Original language | English |
|---|---|
| Pages (from-to) | 107-143 |
| Number of pages | 37 |
| Journal | Transnational Corporations |
| Volume | 25 |
| Issue number | 2 |
| DOIs | |
| Publication status | Published - 2018 |
Bibliographical note
Publisher Copyright:© 2018 UNCTAD United Nations Conference on Trade and Development. All rights reserved.
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 10 Reduced Inequalities
Keywords
- BEPS
- Developing countries
- Multinational enterprise
- Offshore investment
- Revenue losses
ASJC Scopus subject areas
- Business, Management and Accounting (miscellaneous)
- Economics, Econometrics and Finance (miscellaneous)
- Political Science and International Relations
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