Abstract: AbstractMotivationThe Panama Papers scandal highlighted the scale of financial secrecy, anonymous ownership and shell companies and their role in profit shifting and tax avoidance. We show the importance of international tax planning within the structure of corporate entities owned by shareholder‐individuals through Panama Papers destinations.PurposeTo identify profit‐shifting channels and to estimate related government revenue losses to European Union Member States.MethodsUsing company data from the Amadeus/Orbis database (Bureau Van Dijk,...
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Topics: 
Finance
International economics
International trade