Determinants of Tax Haven: Overview of Past Studies
In recent years the issue of tax haven has been subjected under rigorous scrutiny by both the policymakers and regulatory authorities, due to the extent of the effects it has on both the developed nation (beneficial country) and particularly the developing nation which are the targeted tax haven ter...
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| Format: | Article |
| Language: | English |
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CSRC Publishing
2018-12-01
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| Series: | Journal of Accounting and Finance in Emerging Economies |
| Subjects: | |
| Online Access: | https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/530 |
| _version_ | 1819155971465805824 |
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| author | Peter Ugochukwu Anuforo Mohamed Ismail Mohamed Iliyasu Shiyanbade Najeemdeen Bello Taofik Abidemi Jenson Jonathan |
| author_facet | Peter Ugochukwu Anuforo Mohamed Ismail Mohamed Iliyasu Shiyanbade Najeemdeen Bello Taofik Abidemi Jenson Jonathan |
| author_sort | Peter Ugochukwu Anuforo |
| collection | DOAJ |
| description | In recent years the issue of tax haven has been subjected under rigorous scrutiny by both the policymakers and regulatory authorities, due to the extent of the effects it has on both the developed nation (beneficial country) and particularly the developing nation which are the targeted tax haven territory. This study aimed at providing insight into the main determinants of tax haven and their effects. The method employed in this study involved reviewing prior study on tax haven. Findings suggests that the main determinants of tax haven region is not only the ones enshrined in Organization for Economic Co-operation and Development (OECD) criteria but others such governance index, institutional weakness, substantial amount of GDP from service industries etc. This study has also revealed that the conduit by which tax haven is being perpetrated is mainly via offshore financial centers (OFCs) which involve banks secrecy, transfer pricing (i.e. the devil in disguise) etc. 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). |
| first_indexed | 2024-12-22T15:45:27Z |
| format | Article |
| id | doaj.art-9589f2b7d133412cbae5f64ce639077b |
| institution | Directory Open Access Journal |
| issn | 2519-0318 2518-8488 |
| language | English |
| last_indexed | 2024-12-22T15:45:27Z |
| publishDate | 2018-12-01 |
| publisher | CSRC Publishing |
| record_format | Article |
| series | Journal of Accounting and Finance in Emerging Economies |
| spelling | doaj.art-9589f2b7d133412cbae5f64ce639077b2022-12-21T18:21:02ZengCSRC PublishingJournal of Accounting and Finance in Emerging Economies2519-03182518-84882018-12-014210.26710/jafee.v4i2.530Determinants of Tax Haven: Overview of Past StudiesPeter Ugochukwu Anuforo0Mohamed Ismail Mohamed1Iliyasu Shiyanbade Najeemdeen2Bello Taofik Abidemi3Jenson Jonathan4Tunku Puteri Intan Safinaz School of Accountancy (TISSA-UUM), College of Business, Universiti Utara MalaysiaTunku Puteri Intan Safinaz School of Accountancy (TISSA-UUM), College of Business, Universiti Utara MalaysiaSchool of Business Management, University Utara MalaysiaSchool of Business Management, University Utara MalaysiaDept. of Accounting, Faculty of Management Sciences, University of Maiduguri, Borno State, NigeriaIn recent years the issue of tax haven has been subjected under rigorous scrutiny by both the policymakers and regulatory authorities, due to the extent of the effects it has on both the developed nation (beneficial country) and particularly the developing nation which are the targeted tax haven territory. This study aimed at providing insight into the main determinants of tax haven and their effects. The method employed in this study involved reviewing prior study on tax haven. Findings suggests that the main determinants of tax haven region is not only the ones enshrined in Organization for Economic Co-operation and Development (OECD) criteria but others such governance index, institutional weakness, substantial amount of GDP from service industries etc. This study has also revealed that the conduit by which tax haven is being perpetrated is mainly via offshore financial centers (OFCs) which involve banks secrecy, transfer pricing (i.e. the devil in disguise) etc. 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).https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/530Base Erosion Profit ShiftingOffshore financial centersTax havenTransfer pricingTax AvoidanceTax Evasion |
| spellingShingle | Peter Ugochukwu Anuforo Mohamed Ismail Mohamed Iliyasu Shiyanbade Najeemdeen Bello Taofik Abidemi Jenson Jonathan Determinants of Tax Haven: Overview of Past Studies Journal of Accounting and Finance in Emerging Economies Base Erosion Profit Shifting Offshore financial centers Tax haven Transfer pricing Tax Avoidance Tax Evasion |
| title | Determinants of Tax Haven: Overview of Past Studies |
| title_full | Determinants of Tax Haven: Overview of Past Studies |
| title_fullStr | Determinants of Tax Haven: Overview of Past Studies |
| title_full_unstemmed | Determinants of Tax Haven: Overview of Past Studies |
| title_short | Determinants of Tax Haven: Overview of Past Studies |
| title_sort | determinants of tax haven overview of past studies |
| topic | Base Erosion Profit Shifting Offshore financial centers Tax haven Transfer pricing Tax Avoidance Tax Evasion |
| url | https://publishing.globalcsrc.org/ojs/index.php/jafee/article/view/530 |
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