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Free Trade Areas And The Fiscal Haven

Author

Listed:
  • DOBRESCU, Edith Mihaela

    (Institute for World Economy, N.I.E.R., Romanian Academy, Bucharest, Romania)

  • DOBRESCU, Emilian M.

    (Academy of Scientists, Bucharest, Romania)

Abstract

The paper summarizes the characteristics and evolution trends registered by the most significant free trade areas and tax havens in the period 2020-2021.The paper highlights the special experiences of the free trade areas of Braila (Romania) and the free international port of Giurgiulesti (Republic of Moldova), as well as the creation of a free trade area by the GUAM group (Georgia, Ukraine, Republic of Azerbaijan and the Republic of Moldova). Regarding the tax havens, the paper highlights the legislative effervescence of the European Commission, which in addition to the blacklist of tax havens has adopted a new legislative project that seeks to strengthen the rules against money laundering.

Suggested Citation

  • DOBRESCU, Edith Mihaela & DOBRESCU, Emilian M., 2021. "Free Trade Areas And The Fiscal Haven," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 9(1), pages 23-29, October.
    • Handle: RePEc:vls:rojfme:v:9:y:2021:i:1:p:23-29
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    References listed on IDEAS

    as
    1. Javier Garcia-Bernardo & Petr Janský & Thomas Tørsløv, 2021. "Multinational corporations and tax havens: evidence from country-by-country reporting," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 28(6), pages 1519-1561, December.
    2. Fuest, Clemens & Hugger, Felix & Neumeier, Florian, 2022. "Corporate profit shifting and the role of tax havens: Evidence from German country-by-country reporting data," Journal of Economic Behavior & Organization, Elsevier, vol. 194(C), pages 454-477.
    3. Dhammika Dharmapala, 2020. "Do Multinational Firms Use Tax Havens to the Detriment of Other Countries?," CESifo Working Paper Series 8275, CESifo.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Free trade areas; Fiscal Havens; GUAM;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation

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