Routing the Profit | Tax Havens as Capital Infrastructure - Where the Money Rests, Sink OFCs & the Conduit Pairings
The first note and video in this series traced how corporate profit is routed; this one follows it to where it comes to rest. In the conduit–sink taxonomy, sinks are the terminal destinations — jurisdictions where foreign capital accumulates and effectively leaves the taxable base. The answer is never a single hop. It runs through a conduit, and the conduit is paired to a particular sink. Understanding the sink — and the pairing — completes the picture the first note began.
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Routing the Profit | Tax Havens as Capital Infrastructure & The Irish Case
The tax havens that shape global capital are not the islands of the popular imagination but a small set of respectable, treaty-networked conduit states. This note reads the plumbing on its own terms — and examines what Ireland's version of it earns, and risks.
The purpose of this note is to explain that system on its own terms — as capital-flow infrastructure rather than scandal — and then to examine the jurisdiction at its centre for US corporates: Ireland. We look at why the structure exists, what it actually provides, what it earns the host country, and why the arrangement is more fragile and more contingent on external policy than the headline surpluses suggest.
#TaxHavens, #ConduitOFC, #Ireland, #CorporateTax, #PillarTwo, #GlobalMinimumTax, #ProfitShifting, #BEPS, #CapitalFlows, #FDI, #CountryByCountryReporting, #SovereignRisk, #IrishEconomy, #OECD, #SideBySide, #CapitalInsights, #PunjabCapitalResearch, #FundamentalsThroughTheNoise
