| Popis: |
Tax havens are jurisdictions that help to save money logically and legally through loopholes and other tax considerations that are lawful compared to other jurisdictions. So, the foreign residents, companies, or entities having a higher rate of tax find a suitable place to invest their money by taking the advantage of tax regime of such territory, state or country to evade home country taxes. This study measures the investment made by listed Indian multinational companies in these jurisdictions and further assess the countries and sectors contributing to the highest investment and the companies that take maximum advantage of investing in a tax haven. Cross-sectional data of 50 listed Indian multinational companies having tax haven investment during 2020- 21 are considered for the study. The result confirms that “Singapore” which is classified as Tax Haven by FSF-IMF 2000 and TJN 2005 and the sector “metal and mining” has the highest tax haven investment. The sectors that take the maximum advantage of investing in a tax haven are Healthcare and Materials. JEL Classification: F21, F23, F63, H26 |
