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Christina Lewellen on Corporate Transparency in Tax Havens

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Christina Lewellen, assistant professor of accounting, recently authored a paper on a study from NC State which found that companies incorporated in tax havens are more transparent than those in countries that are not tax havens.

“The takeaway here is that companies that are incorporated in tax havens vary widely in terms of their transparency—which has significant ramifications for investors,” said Lewellen. “I found that haven companies based in non-haven countries with relatively weak laws protecting investors were substantially more likely than non-haven companies to have ‘opaque’ financial statements.”

Read the full article on The paper, “Tax haven incorporation and financial reporting transparency,” appears in the journal Review of Accounting Studies.