Business, Management and Accounting
8 years ago

Tax havens draining resources and undermining local communities worldwide.

Academic Journal of Economic Studies
Fighting Harmful Tax Competition Generated by Offshore Jurisdictions
Dan Drosu Saguna, Daniela Iuliana Radu

Paper Summary

Harmful tax competition from tax havens drains resources from other countries to low-tax jurisdictions. This can harm local communities and the environment. Tax havens are supported by high-tax states and can lead to higher tax rates worldwide.

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