CURRENT DIMENSIONS OF ROMANIAN COMPANIES WITH SHAREHOLDERS FROM TAX HAVENS
CURRENT DIMENSIONS OF ROMANIAN COMPANIES WITH SHAREHOLDERS FROM TAX HAVENS
Author(s): Mihai-Bogdan AfrӑsineiSubject(s): National Economy, Public Administration, Economic policy, Public Finances, Fiscal Politics / Budgeting, Accounting - Business Administration
Published by: Editura Tehnopress
Keywords: tax avoidance; tax optimization; tax havens; foreign direct investments; transfer pricing;
Summary/Abstract: Offshore jurisdictions have attracted increasing attention in recent years, both in Romania and in the world. The concerns of non-tax haven countries are (or should be) not to lose their budget revenues. Usually, the impact of the offshore jurisdictions on national economies is analysed through the inflows and outflows of foreign direct investments. Given the lack of relevant information regarding offshore jurisdictions, statistics on direct investments are among the few data available. This paper is an exploratory study that aims to analyse the evolution of the number of companies with investors in tax havens and the size of the share capital held by them in the period 2001-2019. In this regard, we used annual statistics on Romanian companies with foreign investors. The results show that out of all companies with foreign investors, on average, approximately 11.1% have shareholders from tax havens. On the other hand, they hold on average about 37% of the share capital of all companies with foreign shareholders.
Journal: Journal of Public Administration, Finance and Law
- Issue Year: 2019
- Issue No: 16
- Page Range: 157-167
- Page Count: 11
- Language: English