Uncovering Offshore Financial Centers : Conduits and Sinks in the Global Corporate Ownership Network
▻https://www.nature.com/articles/s41598-017-06322-9#Tab1
Multinational corporations use highly complex structures of parents and subsidiaries to organize their operations and ownership. Offshore Financial Centers (OFCs) facilitate these structures through low taxation and lenient regulation, but are increasingly under scrutiny, for instance for enabling tax avoidance. Therefore, the identification of OFC jurisdictions has become a politicized and contested issue. We introduce a novel data-driven approach for identifying OFCs based on the global (...)