@article{afrsinei2016analysis,
  title = {Analysis of the Presence of Romanian Listed Companies in Tax Havens},
  author = {Mihai-Bogdan Afrăsinei and Iuliana Eugenia Georgescu and Mircea Georgescu},
  year = 2016,
  url = {https://ibimapublishing.com/articles/JEERBE/2016/187734/},
  journal = {Journal of Eastern Europe Research in Business and Economics},
  volume = (2016),
  pages = 13,
  doi = 10.5171/2016.187734,
  abstract = {Tax havens are one of the most effective solutions in fighting taxation. In the context of international tax optimisation, almost all major companies in the world have subsidiaries or affiliates in such offshore jurisdictions. Similar studies conducted in other countries show that over a third of the companies listed on stock exchange have links to tax havens. The purpose of this paper is to analyse the presence of Romanian companies listed on the Bucharest Stock Exchange in tax havens. In order to achieve this goal, we analysed the annual reports for 2013 of a sample of 80 Romanian publicly traded companies. The results emphasize that 36% of the Romanian listed companies had links to 16 tax havens in 2013. Also, approximately 23% (88 companies) of their overseas affiliates were incorporated in tax havens in 2013. Most of the companies with links to tax havens are operating in the industry sector.},
  keywords = {tax havens, international tax planning, offshore finance, multinational companies},
  note = Article ID: 187734
}