The Relationship Between Corporate Governance and Tax Havens: A Critical Review and Future Research Directions


This review investigates the important linkages of the role and extent of corporate governance in explaining tax haven activity by multinational enterprises (MNEs). We contribute to the literature by identifying and mapping how the extant academic and policy literature has hitherto investigated: (1) the magnitude of tax haven activity over time; (2) the channels and mechanisms via which individual MNEs are able to use tax havens; and (3) the determinants that may drive MNEs to invest in tax havens. We further contribute by identifying the linkages through more recent and exciting research that investigates the relationship between corporate governance factors and tax haven activity. In an attempt to critically review and synthesize this important research, we argue that corporate governance factors may have significant potential for uncovering further insights into the complex nature of tax haven activity. We outline how corporate governance concepts can help in quantitative-, qualitative-, as well as theoretical contexts to deepen our understanding of this phenomenon around the world.

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Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
College of Business and Social Sciences > Aston Business School > Centre for Personal Financial Wellbeing
College of Business and Social Sciences > Aston Business School
Publication ISSN: 2381-6732
Last Modified: 15 May 2024 07:15
Date Deposited: 23 Sep 2020 08:53
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Related URLs: ... Details/ACG-022 (Publisher URL)
PURE Output Type: Article
Published Date: 2020-08-18
Accepted Date: 2020-08-01
Authors: Temouri, Yama (ORCID Profile 0000-0003-3014-258X)
Ahmed, Ali
Pereira, Vijay
Jones, Chris (ORCID Profile 0000-0003-1115-6409)



Version: Published Version

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