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Systems of Tax Evasion and Laundering (STEAL): Locating Global Wealth Chains in the International Political Economy

STEAL identifies Global Wealth Chains that articulate activities and relations between individuals or international entities, developed countries, developing countries, and tax havens. To locate and identify the links in Global Wealth Chains, the research question for the project is: (RQ): What governance mechanisms and economic relationships determine the articulation of Global Wealth Chains? The response to the research question will proceed via an assessment of five hypotheses. They are as follows: (H1 MARKET) GWCs are more likely to be located in jurisdictions highly compliant with international law rather than in those simply offering low tax and secrecy in a regulatory race to the bottom. (H2 MODULAR) If GWCs are to be maintained, offshor e providers must increasingly customise services for particular market segments (High Net Worth Individuals, for example). (H3 RELATIONAL) GWCs are more likely to follow the geography of colonial relationships, involving long-established trust networks which constrain microstates? development strategies. (H4 CAPTURED) If GWCs are to be maintained, investors must place less focus on capturing the regulatory process and focus more on the corporate innovation process.(H5 HIERARCHY) If regulation foc uses on the legal profession, it is likely to interrupt processes of legal innovation and the influence of this group on international rule-making to trace and regulate GWCs.These hypotheses and the key research question will be assessed through an inve stigation of six cases that are divided up among the research team. The division of work among the researchers is based on four regions and two cases: Europe (Seabrooke and Wigan); East Asia (Palan and Ali), East Africa (De Carvalho and Waris), and Wester n Hemisphere (Sharman and Marshall). The cases are: Anti-Money Laundering and Tax Evasion (Tsingou); Mapping GWCs and Offshore Financial Innnovation (Rafferty and Wigan).

Projectmanager:
Leonard Seabrooke
Institution:
Instituttsektor/Norsk utenrikspolitisk institu
Activity:
Norge - Global partner
Projectstatus:
Bevilgning
Projectperiod:
31.12.2011 - 31.12.2015
Geography:
Norge/OSLO
Fagområder:
Samfunnsvitenskap/Tverr flerfag. samf.vit. o.a.
Projectnumber:
212210