Open AccessTax Havens: A Global Issue
Author(s) -
Harmanpreet Kaur
Publication year - 2015
Publication title -
vision : journal of indian taxation
Language(s) - English
Resource type - Journals
eISSN - 2395-2571
pISSN - 2347-4475
DOI - 10.17492/vision.v2i1.6594
Subject(s) - international economics , business , international trade , secrecy , tax avoidance , economics , double taxation , public economics , political science , law
In recent years, tax havens have attracted increasing attention of many international organisations, policy makers and development agencies. This article deals with concept of tax havens and their impact on different countries. Tax havens are the countries which offer very low tax rates to foreign investors and ensure very high level of secrecy for their transactions. This paper is an attempt to discuss seminal work on tax havens, its characteristics, positive and negative aspects of these states as examined by various researchers. The impact of tax havens on India and initiatives taken by OECD against these harmful tax practices have also been discussed.