مؤسسة الشرق الأوسط للنشر العلمي
عادةً ما يتم الرد في غضون خمس دقائق
Abstract
Until now there is no unanimously accepted definition of the term tax haven, yet there are irregular features that help facilitate and define what a tax haven globally entails. Although, the rationale behind tax havens is still seen as minimizing and avoiding tax liability via an undisclosed identity channel. This study aimed at providing insight into the determinants of tax haven and their effects. In addition, the study has attempted to identify the major difference between tax haven and offshore financial centers as well as their respective features. It has also identified the determinants of tax haven from several perspectives. Therefore, findings suggest that the main determinants of tax haven region are not only the ones enshrined in OECD criteria but others such governance index, institutional weakness, substantial amount of GDP from service industries etc. Finally, this study recommends that stringent control measures and penalties for tax-resistant behaviors should be put in place by the international regulators like the World Bank and International Monetary Fund (IMF) so as to enable them checkmate and minimize the activities of this wild predators through their offshore financial centers