Tax haven networks and the role of the Big 4 accountancy firms

Chris Jones, Yama Temouri, Alex Cobham

    Research output: Contribution to journalArticlepeer-review

    65 Scopus citations


    This paper investigates the association between the Big 4 accountancy firms and the extent to which multinational enterprises build, manage and maintain their networks of tax haven subsidiaries. We extend internalisation theory and derive a number of hypotheses that are tested using count models on firm-level data. Our key findings demonstrate that there is a strong correlation and causal link between the size of an MNE's tax haven network and their use of the Big 4. We therefore argue that public policy related to the role of auditors can have a significant impact on the tax avoidance behaviour of MNEs.

    Original languageBritish English
    Pages (from-to)177-193
    Number of pages17
    JournalJournal of World Business
    Issue number2
    StatePublished - Feb 2018


    • Big 4 accountancy firms
    • Corporate taxation
    • Poisson regression
    • Tax havens
    • Varieties of capitalism


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