This book began as an empirical study of MNCs’ tax avoidance strategies but evolved into a broader exploration of jurisdictional arbitrage as a distinct modality of corporate power. While conventional accounts treat arbitrage as a technical tool for tax minimization, this study reframes it as a systemic outcome of the CCMCE – a modular structure uniquely suited to navigating and exploiting global regulatory fragmentation. Jurisdictional arbitrage is not confined to taxation; it spans liability shielding, disclosure manipulation, and intangible asset transfers. In so doing, it reconfigures firm–state relations and blurs legal boundaries, allowing MNCs to opt out of regulatory constraints without direct confrontation. This form of power – adaptive, evasive, and anticipatory – is distinct from traditional accounts of lobbying or capture. It operates in the interstices of legal regimes, producing a ‘rule-based transgressor elite’ that consolidates wealth and influence across borders. Jurisdictional arbitrage, the book argues, must be understood not as legal deviance, but as an institutionalized response to contradictions in global capitalism. The book calls for a rethinking of core theoretical assumptions in political economy, especially those concerning sovereignty, regulation, and corporate personhood in an era defined by intangibles and fragmented authority.