Corporate Restructuring and Tax Arbitrage Strategies at International Level

Abstract

From the analysis of the specialized literature in the fiscal field, I have noticed that there are conflicting opinions about the role of fiscal arbitrage in the efficiency of companies and the economic growth in the process of company restructuring. The main objective of any tax system is to collect revenues to the state budget. If this function is affected by international tax arbitrage, it can either reduce budget expenditures and thus lead to social and political difficulties, or to further increase tax pressure to obtain additional revenue. However, fiscal arbitrage opportunities will continue to exist, at least until international tax harmonization is reached. The questions I have been trying to find an answer through this paper are: "Are tax strategies important in a company's management decisions?", "Are there indeed real benefits through international tax arbitrage?", "If so, why do not more companies appeal to it?"

Keywords

• restructuring
• risk management
• strategies
• tax arbitrage
• fiscal yield