THE IMPORTANCE OF OFFSHORE FINANCIAL CENTRES IN THE FINANCIAL SYSTEM IN THE TIMES OF CRISIS
THE IMPORTANCE OF OFFSHORE FINANCIAL CENTRES IN THE FINANCIAL SYSTEM IN THE TIMES OF CRISIS

Author(s): Magdalena Markiewicz
Subject(s): Economic policy, Financial Markets, Public Finances, Fiscal Politics / Budgeting
Published by: Masarykova univerzita nakladatelství
Keywords: offshore financial centres; multinational corporations; globalisation; offshore banking; tax competition; crisis;
Summary/Abstract: The goal of the article is to verify the significance of offshore financial centres (OFCs) interms of destabilization of the international financial system. Statistical data confirm that many multinational corporations hold the headquarters in the countries offering some privileges and most of OFCs offer also low corporate taxes (CIT, VAT).

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