Responsibility in Paradise? The Adoption of CSR Tools by Companies Domiciled in Tax Havens
In contrast to the recent rise to economic importance of offshore finance centres (OFCs), the topic of taxation has so far created little interest among scholars of corporate social responsibility (CSR). This paper makes two contributions to addressing this lacuna. Applying a range of influential normative theories of ethics, it first offers an ethical evaluation of tax havens. Second, the paper examines what use large firms that are headquartered in two OFCs—Bermuda and the Cayman Islands—make of formal CSR tools. The emerging duplicity in tax haven-based companies professing social responsibility highlights once more the political nature of CSR, where at least some firms and/or industries can successfully limit government power to enact regulation as well as shape the discourse around CSR. The study of CSR in OFC-based firms thus calls into question the usefulness of the often quoted definition of CSR as going beyond the law. Copyright Springer Science+Business Media B.V. 2012
Volume (Year): 110 (2012)
Issue (Month): 1 (September)
|Contact details of provider:|| Web page: http://www.springer.com|
|Order Information:||Web: http://www.springer.com/social+sciences/applied+ethics/journal/10551/PS2|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- John Christensen & Richard Murphy, 2004. "The Social Irresponsibility of Corporate Tax Avoidance: Taking CSR to the bottom line," Development, Palgrave Macmillan, vol. 47(3), pages 37-44, September.
- Desai, Mihir A. & Foley, C. Fritz & Hines, James Jr., 2006. "The demand for tax haven operations," Journal of Public Economics, Elsevier, vol. 90(3), pages 513-531, February.
- David W. Conklin & Darroch (Rick) A. Robertson, 1999. "Tax Havens: Investment Distortions and Policy Options," Canadian Public Policy, University of Toronto Press, vol. 25(3), pages 333-344, September.
- Haufler, Andreas & Klemm, Alexander & Schjelderup, Guttorm, 2008.
"Redistributive taxation, multinational enterprises, and economic integration,"
2008/4, Department of Business and Management Science, Norwegian School of Economics.
- Haufler, Andreas & Klemm, Alexander & Schjelderup, Guttorm, 2008. "Redistributive taxation, multinational enterprises, and economic integration," European Journal of Political Economy, Elsevier, vol. 24(1), pages 249-255, March.
- Haufler, Andreas & Klemm, Alexander & Schjelderup, Guttorm, 2008. "Redistributive taxation, multinational enterprises, and economic integration," Munich Reprints in Economics 20384, University of Munich, Department of Economics.
- Pater, Alberic & Van Gils, Anita, 2003. "Stimulating Ethical Decision-making in a Business Context:: Effects of Ethical and Professional Codes," European Management Journal, Elsevier, vol. 21(6), pages 762-772, December.
- Tom Fox, 2004. "Corporate Social Responsibility and Development: In quest of an agenda," Development, Palgrave Macmillan, vol. 47(3), pages 29-36, September.
- Margaret Forster & Tim Loughran & Bill McDonald, 2009. "Commonality in Codes of Ethics," Journal of Business Ethics, Springer, vol. 90(2), pages 129-139, November.
- Muel Kaptein & Mark Schwartz, 2008. "The Effectiveness of Business Codes: A Critical Examination of Existing Studies and the Development of an Integrated Research Model," Journal of Business Ethics, Springer, vol. 77(2), pages 111-127, January.
- Dalton, Dan R. & Metzger, Michael B., 1992. "Towards Candor, Cooperation, & Privacy in Applied Business Ethics Research: The Randomized Response Technique (RRT)," Business Ethics Quarterly, Cambridge University Press, vol. 2(02), pages 207-221, April.
- Graafland, J.J. & Ven van de, B. & Stoffele, N., 2003. "Strategies and instruments for organising CSR by small and large businesses in the Netherlands," MPRA Paper 20754, University Library of Munich, Germany.
- Desai, Mihir A. & Foley, C. Fritz & Hines, James Jr., 2006. "Do tax havens divert economic activity?," Economics Letters, Elsevier, vol. 90(2), pages 219-224, February.
- James R. Hines & Eric M. Rice, 1994.
"Fiscal Paradise: Foreign Tax Havens and American Business,"
The Quarterly Journal of Economics,
Oxford University Press, vol. 109(1), pages 149-182.
- Hines, J.R. & Rice, E.M., 1990. "Fiscal Paradise: Foreign Tax Havens And American Business," Papers 56, Princeton, Woodrow Wilson School - Discussion Paper.
- James R. Hines, Jr. & Eric M. Rice, 1990. "Fiscal Paradise: Foreign Tax Havens and American Business," NBER Working Papers 3477, National Bureau of Economic Research, Inc.
- Windsor, Duane, 2009. "Tightening corporate governance," Journal of International Management, Elsevier, vol. 15(3), pages 306-316, September.
- Francesco Perrini & Angeloantonio Russo & Antonio Tencati, 2007. "CSR Strategies of SMEs and Large Firms. Evidence from Italy," Journal of Business Ethics, Springer, vol. 74(3), pages 285-300, September.
- Solomon, Robert C., 1992. "Corporate Roles, Personal Virtues: An Aristotelean Approach to Business Ethics," Business Ethics Quarterly, Cambridge University Press, vol. 2(03), pages 317-339, July.
- Palan, Ronen, 2002. "Tax Havens and the Commercialization of State Sovereignty," International Organization, Cambridge University Press, vol. 56(01), pages 151-176, December.
- Lutz Preuss, 2010. "Codes of Conduct in Organisational Context: From Cascade to Lattice-Work of Codes," Journal of Business Ethics, Springer, vol. 94(4), pages 471-487, July.
- Robertson, Diana C. & Rymon, Talia, 2001. "Purchasing Agents’ Deceptive Behavior: A Randomized Response Technique Study," Business Ethics Quarterly, Cambridge University Press, vol. 11(03), pages 455-479, July.
- Hampton, Mark P. & Christensen, John, 2002. "Offshore Pariahs? Small Island Economies, Tax Havens, and the Re-configuration of Global Finance," World Development, Elsevier, vol. 30(9), pages 1657-1673, September.
When requesting a correction, please mention this item's handle: RePEc:kap:jbuset:v:110:y:2012:i:1:p:1-14. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Rebekah McClure)
If references are entirely missing, you can add them using this form.