Dealing with tax havens

Abstract

In the last decade there have been major developments in the global financial markets which are of utmost importance to the emerging countries. The global reach of the off shore centers or Tax havens with their instruments and institutions bring to focus the inadequacies of the existing premises and policies of the national regulatory authorities.

This issue of tax Havens has occupied the Centre stage in the discussions on Global financial architecture particularly in the context of the Global meltdown in Financial markets and 9/11 terror attacks. There exist more than seventy tax havens or secretive tax jurisdictions and all of them are facing pressures from G-20 /OECD/IMF/World bank type organizations to become transparent and cooperative in reducing tax evasion and finding tax evaders. Read more at: https://swarajyamag.com/longform/dealing-with-tax-havens