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An Overview Of The European Tax Havens

Author

Listed:
  • Loredana Maftei

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

In the actual context of economic globalization, tax havens represent a significant obstacle for global governments seeking to increase their fiscal incomes and a source of polarization of income and wealth. Statistics reports showed that tax havens hold at least $10 trillion in assets, money generally controlled and hidden by major players from the political and financial areas, as well as from criminal ones. The paper introduces the present situation of European tax havens, with the major poles of action. The conclusion finds the real efforts of international bodies such as OECD, to interdict opportunities to avoid taxation.

Suggested Citation

  • Loredana Maftei, 2013. "An Overview Of The European Tax Havens," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5(1), pages 41-50.
    • Handle: RePEc:jes:wpaper:y:2013:v:5:i:1:p:41-50
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    File URL: http://ceswp.uaic.ro/articles/CESWP2013_V1_MAF.pdf
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    References listed on IDEAS

    as
    1. Mihir A. Desai & C. Fritz Foley & James R. Hines, 2004. "Economic Effects of Regional Tax Havens," NBER Working Papers 10806, National Bureau of Economic Research, Inc.
    2. Kudrle Robert T, 2008. "The OECD's Harmful Tax Competition Initiative and the Tax Havens: From Bombshell to Damp Squib," Global Economy Journal, De Gruyter, vol. 8(1), pages 1-26, February.
    3. Dharmapala, Dhammika & Hines Jr., James R., 2009. "Which countries become tax havens?," Journal of Public Economics, Elsevier, vol. 93(9-10), pages 1058-1068, October.
    4. Alain Deneault, 2007. "Tax Havens and Criminology," Global Crime, Taylor & Francis Journals, vol. 8(3), pages 260-270, August.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Iulia Monica Oehler-Sincai, 2013. "Financial Contagion Reloaded: The Case Of Cyprus," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 1(1), pages 66-74, May.

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    More about this item

    Keywords

    tax haven; offshore financial centres; globalization; illegal markets Romania;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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