Globalization, Tax Policy And Tax Havens. Some Critical Considerations

The aim of the paper is to highlight, at a theoretical level, the effects of globalization on fiscal policy, as well as the issue of profit shifting at OECD level, given that, although substantial progress has been made internationally in multilateral fiscal coordination, it remains at a significant level, and the estimated loss of income for advanced economies reaches up to a third of the taxes collected. For developing countries, given their greater dependence on corporate taxes, the losses may be even higher. Therefore, measures are needed to reduce the tax revenues losses, namely excess profits taxes, the wealth taxes or the United Nation tax convention. The methodology was a descriptive one, using various bibliographic sources, mainly from foreign literature: scientific articles, relevant analysis and studies in the field of reference, legislation, official documents of various tax bodies.