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From Road Town to Shanghai: situating the Caribbean in global capital flows to China

Research output: Contribution to journalArticlepeer-review

DOI

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From Road Town to Shanghai : situating the Caribbean in global capital flows to China. / Vlcek, William.

In: British Journal of Politics and International Relations, Vol. 16, No. 3, 08.2014, p. 534-553.

Research output: Contribution to journalArticlepeer-review

Harvard

Vlcek, W 2014, 'From Road Town to Shanghai: situating the Caribbean in global capital flows to China', British Journal of Politics and International Relations, vol. 16, no. 3, pp. 534-553. https://doi.org/10.1111/1467-856X.12010

APA

Vlcek, W. (2014). From Road Town to Shanghai: situating the Caribbean in global capital flows to China. British Journal of Politics and International Relations, 16(3), 534-553. https://doi.org/10.1111/1467-856X.12010

Vancouver

Vlcek W. From Road Town to Shanghai: situating the Caribbean in global capital flows to China. British Journal of Politics and International Relations. 2014 Aug;16(3):534-553. https://doi.org/10.1111/1467-856X.12010

Author

Vlcek, William. / From Road Town to Shanghai : situating the Caribbean in global capital flows to China. In: British Journal of Politics and International Relations. 2014 ; Vol. 16, No. 3. pp. 534-553.

Bibtex - Download

@article{fb1fdc758cea49b0bf5881b0812a154d,
title = "From Road Town to Shanghai: situating the Caribbean in global capital flows to China",
abstract = "This article examines the prominent location of offshore financial centres (OFCs) among the leading origin and destination points for foreign direct investment (FDI) to China. The OFC (characterised as a tax haven) frequently has been ignored or assumed out of analyses on Chinese FDI as simply servicing tax minimisation practices. This article challenges that assumption and emphasises the financial intermediation role performed by the Caribbean OFC beyond practices of tax arbitrage. Through the use of an international business company (IBC) registered in an OFC these jurisdictions perform several functions for investors, to include providing access to foreign capital markets, reducing tax obligations across multiple jurisdictions and concealing potential politically-sensitive beneficial ownership of the investment. This assessment for the role of the OFC in circuits of global capital involving FDI to China demonstrates that China's relationship with the OFC is different from that experienced by Europe and North America.",
keywords = "Offshore finance, China, Foreign direct investment, British Virgin Islands, International business company, Hong Kong, Tax havens",
author = "William Vlcek",
year = "2014",
month = aug,
doi = "10.1111/1467-856X.12010",
language = "English",
volume = "16",
pages = "534--553",
journal = "British Journal of Politics and International Relations",
issn = "1369-1481",
publisher = "Wiley-Blackwell",
number = "3",

}

RIS (suitable for import to EndNote) - Download

TY - JOUR

T1 - From Road Town to Shanghai

T2 - situating the Caribbean in global capital flows to China

AU - Vlcek, William

PY - 2014/8

Y1 - 2014/8

N2 - This article examines the prominent location of offshore financial centres (OFCs) among the leading origin and destination points for foreign direct investment (FDI) to China. The OFC (characterised as a tax haven) frequently has been ignored or assumed out of analyses on Chinese FDI as simply servicing tax minimisation practices. This article challenges that assumption and emphasises the financial intermediation role performed by the Caribbean OFC beyond practices of tax arbitrage. Through the use of an international business company (IBC) registered in an OFC these jurisdictions perform several functions for investors, to include providing access to foreign capital markets, reducing tax obligations across multiple jurisdictions and concealing potential politically-sensitive beneficial ownership of the investment. This assessment for the role of the OFC in circuits of global capital involving FDI to China demonstrates that China's relationship with the OFC is different from that experienced by Europe and North America.

AB - This article examines the prominent location of offshore financial centres (OFCs) among the leading origin and destination points for foreign direct investment (FDI) to China. The OFC (characterised as a tax haven) frequently has been ignored or assumed out of analyses on Chinese FDI as simply servicing tax minimisation practices. This article challenges that assumption and emphasises the financial intermediation role performed by the Caribbean OFC beyond practices of tax arbitrage. Through the use of an international business company (IBC) registered in an OFC these jurisdictions perform several functions for investors, to include providing access to foreign capital markets, reducing tax obligations across multiple jurisdictions and concealing potential politically-sensitive beneficial ownership of the investment. This assessment for the role of the OFC in circuits of global capital involving FDI to China demonstrates that China's relationship with the OFC is different from that experienced by Europe and North America.

KW - Offshore finance

KW - China

KW - Foreign direct investment

KW - British Virgin Islands

KW - International business company

KW - Hong Kong

KW - Tax havens

U2 - 10.1111/1467-856X.12010

DO - 10.1111/1467-856X.12010

M3 - Article

VL - 16

SP - 534

EP - 553

JO - British Journal of Politics and International Relations

JF - British Journal of Politics and International Relations

SN - 1369-1481

IS - 3

ER -

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ID: 41333401

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