Tag Archives for Offshore

Disgorging the social settlement: What the Paradise Papers tell us about firms

The Paradise Papers reveal how debt and other financial mechanisms are used to move funds offshore and avoid tax. New constraints on firms and managers are needed Back in the 1980s, concern about lagging competitiveness in publicly listed firms led to the popularity of agency theory explanations for underperformance. Authors like Michael Jensen told a very simple, yet seductive story … Continue reading

10 November 2017 by
Categories: SPERI Comment | Tags: , , , , , | 1 comment

‘Non-doms’: keeping the baby, losing the bathwater

Matthew Bishop

Non-domiciled tax status is not intrinsically illegitimate; the problem is its abuse by wealthy long-term British residents and citizens whose foreign domicile is spurious I have a dirty secret: I’m a non-dom!  As a British citizen, the UK remains my ‘domicile’ – essentially my permanent residence – even though I’m tax-resident in Trinidad where I currently live and work. For … Continue reading

14 April 2015 by
Categories: Economics, Inequality, SPERI Comment, Tax | Tags: , | Leave a comment

Small island states, tax havens and tourism: what price their development?

It is important to consider the damaging environmental consequences of the common association of offshore finance with large numbers of short-term visitors In a previous post I addressed the issue of those small states which have deliberately manipulated their sovereignty and jurisdictional autonomy to play host to a number of offshore financial centres (OFCs) as a means of meeting their … Continue reading

4 February 2015 by
Categories: Business, Economics, Environment, Finance, SPERI Comment, Sustainability, Tax | Tags: , | Leave a comment

The finance curse as a new grand narrative?

Andrew Baker

As both populist discourse and conceptual apparatus, it is capable of constructing a novel, inclusive coalition in support of the technical reforms we need In a previous SPERI blog post, I lamented the complete absence of a co-ordinating discourse or grand political narrative about the financial crash of 2008.  Instead, we have seen isolated and disjointed technical changes in policy … Continue reading

13 November 2014 by
Categories: British growth crisis, Economics, Finance, Inequality, Political theory, SPERI Comment, Tax | Tags: , , , , , | Leave a comment