Published Classic Quarterly Journal of Economics Online 3 May 2021 Published Jun 2021Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax HavensAntonio Coppola · Matteo Maggiori · Brent Neiman · Jesse SchregerBecause global firms raise capital through subsidiaries incorporated in tax havens, official residency-based statistics attribute those securities to the haven rather than to the parent's country; …