By Rolando Astarita, a Marxist economist at the University of Buenos Aires in Argentina, published this article on his blog, reprinted in Correspondencia de Prensa. The ISP translated it to English.
Rolando Astarita
Tax havens and the globalization of capital
A company based in a tax haven can have assets anywhere in the world. On the other hand, what appears as foreign direct investment in tax haven countries has no counterpart in real productive investment.