One need only look at the news to be bombarded with examples of corporate malfeasance and the impact such behavior has on a company’s public image, customers, employees, and bottom line. And while these stories grab the headlines, some companies are adopting practices that display awareness of their impact on the globe, whether that be to the environment, its employees and suppliers, or communities in which they do business. What factors are leading to these decisions? What are the benefits and costs of making ethical business decisions and acting in a socially responsible way, however one defines it? Issues in Business Ethics and Corporate Social Responsibility explores these foundational themes across a wide range of topics, including artificial intelligence, workplace surveillance, supply chain management, big data, the finance industry, and many more. Coupled with a broad introduction by Dr. David Weitzner, a professor of management at York University, this book provides students with the essential information they need to assess business practices through the lens of ethical decision-making and corporate social responsibility.
Chapter 11: Tax Havens: Can regulators catch up with offshore shelters?
Tax Havens: Can regulators catch up with offshore shelters?
Multinational corporations and super-rich individuals routinely move large sums around the world to take advantage of tax havens that allow them to legally avoid paying billions in taxes to their home countries. The devices employed to park funds in these havens include multiple subsidiaries, shell corporations and corporate “inversions”—a maneuver in which a corporation merges with a company in a lower-tax jurisdiction and moves the corporate headquarters to that country. Current tax laws are ill-equipped to cope with a globalized, digital economy in which valuable assets such as intellectual ...