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The economic geography of offshore incorporation in tax havens and offshore financial centres: the case of Chinese MNEs

Buckley, P.J.; Sutherland, D.; Voss, H.; El-Gohari, A.

The economic geography of offshore incorporation in tax havens and offshore financial centres: the case of Chinese MNEs Thumbnail


Authors

P.J. Buckley

H. Voss

A. El-Gohari



Abstract

A large share of the outward foreign direct investment (FDI) of emerging market MNEs is directed towards a small number of specific tax havens and offshore financial centres. The establishment of investment-holding companies for taxation related purposes is frequently adduced as a key motivation (‘round-tripping’) for these investments. This explanation, however, accounts for neither the concentration of such investments in specific havens nor the comparatively large national shares of such investments that originate from emerging markets. Here we draw from and build links between the geography of money and finance and international business literatures to conceptually and empirically explore this prominent, if somewhat disregarded, feature of global FDI flows.

Citation

Buckley, P., Sutherland, D., Voss, H., & El-Gohari, A. (2015). The economic geography of offshore incorporation in tax havens and offshore financial centres: the case of Chinese MNEs. Journal of Economic Geography, 15(1), 103-128. https://doi.org/10.1093/jeg/lbt040

Journal Article Type Article
Acceptance Date Nov 13, 2013
Online Publication Date Dec 12, 2013
Publication Date Jan 1, 2015
Deposit Date Oct 13, 2014
Publicly Available Date Mar 29, 2024
Journal Journal of Economic Geography
Print ISSN 1468-2702
Electronic ISSN 1468-2710
Publisher Oxford University Press
Peer Reviewed Peer Reviewed
Volume 15
Issue 1
Pages 103-128
DOI https://doi.org/10.1093/jeg/lbt040
Keywords Offshore financial centres, Tax havens, Theory of FDI, PR China.
Public URL https://durham-repository.worktribe.com/output/1422000

Files

Accepted Journal Article (650 Kb)
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Copyright Statement
This is a pre-copyedited, author-produced PDF of an article accepted for publication in Journal of Economic Geography following peer review. The version of record Peter J. Buckley, Dylan Sutherland, Hinrich Voss, and Ahmad El-Gohari (2015)
'The economic geography of offshore incorporation in tax havens and offshore financial centres : the case of Chinese MNEs.'
Journal of Economic Geography, 15(1), 103-128 is available online at: http://joeg.oxfordjournals.org/content/early/2013/12/12/jeg.lbt040.




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