Artikel
The Influence of the Connections of Romanian Non-Listed Firms to Tax Havens on their Profitability
The offshore entities have become one of the most efficient solutions for tax avoidance and are used by taxpayers almost all around the world. This paper investigates the influence of the connections (via subsidiaries or shareholders) of Romanian non-listed firms to tax havens on their profitability and effective tax rate. In this regard, we used a sample of 7,167 Romanian firms (3,370 with connections to tax havens and 3,797 without tax havens connections). For statistical analysis, we used the simple and multiple linear regression methods with dummy variables. Results have shown that the presence of Romanian non-listed firms in tax havens significantly influences their profitability and effective tax rate. The firms with connections to tax havens have a return on equity ratio higher, a return on assets ratio lower, a gross profit margin ratio lower, a total assets turnover ratio higher and an effective tax rate lower than companies without connections to such jurisdictions
- Language
-
Englisch
- Bibliographic citation
-
Journal: CES Working Papers ; ISSN: 2067-7693 ; Volume: 8 ; Year: 2016 ; Issue: 4 ; Pages: 572-596 ; Iasi: Alexandru Ioan Cuza University of Iasi, Centre for European Studies
- Classification
-
Wirtschaft
International Investment; Long-term Capital Movements
Multinational Firms; International Business
Accounting and Auditing: General
- Subject
-
tax havens
offshore companies
tax planning
tax optimization
tax avoidance
effective tax rate
- Event
-
Geistige Schöpfung
- (who)
-
Afrasinei, Mihai-Bogdan
Georgescu, Iuliana Eugenia
Istrate, Costel
- Event
-
Veröffentlichung
- (who)
-
Alexandru Ioan Cuza University of Iasi, Centre for European Studies
- (where)
-
Iasi
- (when)
-
2016
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Afrasinei, Mihai-Bogdan
- Georgescu, Iuliana Eugenia
- Istrate, Costel
- Alexandru Ioan Cuza University of Iasi, Centre for European Studies
Time of origin
- 2016
Other Objects (12)
Mean Reversion in Profitability for Non-Listed Firms
Profitability of Romanian companies on food trade
What drives profitability in the Romanian ICT sector?
Ownership structure and profitability of listed firms in an emerging market
Segment disclosure pratices and determinants: Evidence from Romanian listed companies
Structural and market-related factors impacting profitability: A cross sectional study of listed companies
The Problem of Tax Havens and the Romanian Tax Authorities' Reaction
The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies
Working capital management profitability and risk: Analyse of companies listed on the Warsaw Stock Exchange
Tax havens and transfer pricing intensity: Evidence from the French CAC-40 listed firms
The impact of working capital management on firm profitability: Empirical evidence from the Polish listed firms
An empirical analysis of corporate social responsibility effects on financial performance for Romanian listed companies
Mean Reversion in Profitability for Non-Listed Firms
Profitability of Romanian companies on food trade
What drives profitability in the Romanian ICT sector?
Ownership structure and profitability of listed firms in an emerging market
Segment disclosure pratices and determinants: Evidence from Romanian listed companies
Structural and market-related factors impacting profitability: A cross sectional study of listed companies
The Problem of Tax Havens and the Romanian Tax Authorities' Reaction
The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies
Working capital management profitability and risk: Analyse of companies listed on the Warsaw Stock Exchange
Tax havens and transfer pricing intensity: Evidence from the French CAC-40 listed firms
The impact of working capital management on firm profitability: Empirical evidence from the Polish listed firms
An empirical analysis of corporate social responsibility effects on financial performance for Romanian listed companies
Mean Reversion in Profitability for Non-Listed Firms
Profitability of Romanian companies on food trade
What drives profitability in the Romanian ICT sector?
Ownership structure and profitability of listed firms in an emerging market
Segment disclosure pratices and determinants: Evidence from Romanian listed companies
Structural and market-related factors impacting profitability: A cross sectional study of listed companies
The Problem of Tax Havens and the Romanian Tax Authorities' Reaction
The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies
Working capital management profitability and risk: Analyse of companies listed on the Warsaw Stock Exchange
Tax havens and transfer pricing intensity: Evidence from the French CAC-40 listed firms
The impact of working capital management on firm profitability: Empirical evidence from the Polish listed firms