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Tax havens or tax hells? A discussion of the historical roots and present consequences of tax havens

Author

Listed:
  • Ana Margarida Raposo

    (Technical University of Lisbon, School of Social and Political Sciences, Lisbon, Portugal)

  • Paulo Reis Mourao

    (Department of Economics, Economics & Management School, University of Minho, Braga, Portugal)

Abstract

Tax havens are not recent phenomena. However, in contrast to historical precedents, tax havens in the age of mobile capital allow for non-consensual transfers and are not profitable for every citizen. We discuss the four main groups of tax havens (former Western possessions, sovereign nations, countries controlled by cartels, and emerging economies). This article also synthesizes the history of tax havens and describes their current heterogeneity, discussing the main methods available to regulate tax haven flows. Some of the most efficient methods involve unilateral measures (such as the Fiscal Transparency of Outland Societies) but also encompass multilateral measures (such as Tax Harmonization and the Request for Information).

Suggested Citation

  • Ana Margarida Raposo & Paulo Reis Mourao, 2013. "Tax havens or tax hells? A discussion of the historical roots and present consequences of tax havens," Financial Theory and Practice, Institute of Public Finance, vol. 37(3), pages 311-360.
    • Handle: RePEc:ipf:finteo:v:37:y:2013:i:3:p:311-360
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    Citations

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    Cited by:

    1. Pier Luigi Sacco & Alex Arenas & Manlio De Domenico, 2022. "The political economy of big data leaks: Uncovering the skeleton of tax evasion," Papers 2202.13417, arXiv.org.
    2. Sacco, Pier Luigi & Arenas, Alex & De Domenico, Manlio, 2023. "The political economy of big data leaks: Uncovering the skeleton of tax evasion," Chaos, Solitons & Fractals, Elsevier, vol. 168(C).
    3. Paulo Mourao, 2020. "Exploring the Likelihood of a Country Being a Tax Haven Using MIMIC Models," Econometric Research in Finance, SGH Warsaw School of Economics, Collegium of Economic Analysis, vol. 5(1), pages 17-32, June.

    More about this item

    Keywords

    tax havens; regulation; transparency;
    All these keywords.

    JEL classification:

    • D45 - Microeconomics - - Market Structure, Pricing, and Design - - - Rationing; Licensing
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E26 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Informal Economy; Underground Economy

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