Illicit Financial Flows and Tax Havens: a CSR Blindspot?


 
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Illicit Financial Flows and Tax Havens: a CSR Blindspot?
Anneke Zwart, Student (University), Netherlands, Moderator
Although illicit* transfer flows and tax evading are often seen as a problem resulting from corruption in developing countries, it is mainly a political and legal problem that needs to be addressed by politicians, governments and international organizations.
But Dobers and Halme (2009) argue that also the field of Corporate Social Responsibility (CSR) is responsible for addressing and dealing with illicit transfer flows and tax evading.
A large share of total illicit financial flows is caused large businesses: Dober and Halme point out that estimates show that only 3% of illicit transnational transfers can be assigned to corrupt politicians. A much bigger share - 60% - is tax evasion by large companies in the form of for example tax havens, fake transactions and mispricing.
Developed countries have often de...
 

 
The Problem is not the Tax
Bernhard Keim, Business Consultant, Germany, Premium Member
1. There will always be problems about the height of taxes, as different countries have different needs on financing their budgets.
2. As differe...
 

 
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Jeremy Anderson
The question here is if the field of Corporate Social Responsibility should deal with illicit financial flows and tax havens or if it should be left e...
 

 
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Bernhard Keim, Business Consultant, Germany, Premium Member
@Jeremy Anderson: As every country has different budget needs, a uniform international tax code will never be. Why sh...
 

 
Illicit Transnational Financial Flows and Tax Havens
Jaap de Jonge, CEO, Netherlands, Editor
@Bernhard Keim: I agree we probably will not have a global uniform tax system anytime soon. But I'm not sure the reas...
 

 
OECD and G20 Pursue Efforts to Curb Multinational Tax Avoidance and Offshore Tax Evasion in Developing Countries
Jaap de Jonge, CEO, Netherlands, Editor
22/09/2014 - The OECD and its Global Forum on Transparency and Exchange of Information have been mandated by the G20 to develop toolkits to support de...
 

 
 


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