Such disparities, however, are not enough for a nation to qualify itself as a tax haven. In brief, a favourable, overall national environment is needed to spur a definition as 9L0 509 a tax haven. In general, essential elements such as a stable political and economic government, as well as a strong network of communication facilities are needed for a nation to identify itself as a tax haven. Discretion is the main tax havens’ attraction.
It is therefore very 9L0 402 delicate for countries’ tax authorities to measure or compare tax avoidance. Nevertheless, some countries such as the US published reports and statistics showing the economic impact and the expansion of tax havens. This tax avoidance phenomenon have impact in terms of tax’s loss of revenue but also on the country.
Friday, September 5, 2008
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