that multinational corporations hold a disproportionately large share of profits and financial assets in tax havens …

Offshore tax havens cause large losses of government revenue by facilitating tax evasion by wealthy individuals. This … clear development gradient in the exposure to offshore tax havens: a range of indicators suggests that wealth held in … offshore tax havens, measured relative to the size of the economy, correlates only weakly with economic development. Second …

the sales of U.S. stocks from entities located in tax havens. In cross-sectional analyses, I identify channels through … repatriation tax). Our findings reveal a higher sensitivity to this legislation by MNCs with more presence in tax havens. …