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Tax Havens - The "Black Hole" of the International Finance

Author

Listed:
  • Florin Boghean

    (“Ștefan cel Mare†University of Suceava)

  • Carmen Boghean

    (“Ștefan cel Mare†University of Suceava)

Abstract

Tax evasion is a high interest topic, frequently approached both now and in the past because itis a very common phenomenon in all countries (either developed or emerging) and is particularlyimportant. Tax evasion determines the occurrenceof aset of creative accounting practices used inthe context of what is considered to be right and what goes beyond the ethical limits. The article presents, in general, tax evasion both theoretically and practically, examines thevarious ways in which evasion is interpreted by the laws and regulations adopted in the fiscalfield,the ways that lead businessmen to perform and fraudulently register operations. Also, we aimat characterising thestates that help the economic operators and the individuals, by means of taxhavens and implicitly offshore companies, in order to avoid the payment of certain taxes that arehigher than in the home country.

Suggested Citation

  • Florin Boghean & Carmen Boghean, 2016. "Tax Havens - The "Black Hole" of the International Finance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 68-73, February.
    • Handle: RePEc:ovi:oviste:v:xvi:y:2016:i:2:p:68-73
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    More about this item

    Keywords

    tax haven; tax system; foreign capital;
    All these keywords.

    JEL classification:

    • F38 - International Economics - - International Finance - - - International Financial Policy: Financial Transactions Tax; Capital Controls
    • F40 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - General

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