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...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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CSRC Publishing
2018
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| Online Access: | https://repo.uum.edu.my/id/eprint/25972/1/JAFEE%204%202%202018%20169%20176.pdf |
| _version_ | 1825805385380921344 |
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| author | Jonathan, Jenson Taofik Abidemi, Bello Shiyanbade Najeemdeen, Iliyasu Ismail Mohamed, Mohamed Ugochukwu Anuforo, Peter |
| author_facet | Jonathan, Jenson Taofik Abidemi, Bello Shiyanbade Najeemdeen, Iliyasu Ismail Mohamed, Mohamed Ugochukwu Anuforo, Peter |
| author_sort | Jonathan, Jenson |
| collection | UUM |
| 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 | 2024-07-04T06:31:27Z |
| format | Article |
| id | uum-25972 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T06:31:27Z |
| publishDate | 2018 |
| publisher | CSRC Publishing |
| record_format | eprints |
| spelling | uum-259722019-04-22T00:42:54Z https://repo.uum.edu.my/id/eprint/25972/ Determinants of tax haven: overview of past studies Jonathan, Jenson Taofik Abidemi, Bello Shiyanbade Najeemdeen, Iliyasu Ismail Mohamed, Mohamed Ugochukwu Anuforo, Peter HF5601 Accounting 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). CSRC Publishing 2018 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/25972/1/JAFEE%204%202%202018%20169%20176.pdf Jonathan, Jenson and Taofik Abidemi, Bello and Shiyanbade Najeemdeen, Iliyasu and Ismail Mohamed, Mohamed and Ugochukwu Anuforo, Peter (2018) Determinants of tax haven: overview of past studies. Journal of Accounting and Finance in Emerging Economies, 4 (2). pp. 169-176. ISSN 2519-0318 http://doi.org/10.26710/jafee.v4i2.530 doi:10.26710/jafee.v4i2.530 doi:10.26710/jafee.v4i2.530 |
| spellingShingle | HF5601 Accounting Jonathan, Jenson Taofik Abidemi, Bello Shiyanbade Najeemdeen, Iliyasu Ismail Mohamed, Mohamed Ugochukwu Anuforo, Peter Determinants of tax haven: overview of past studies |
| 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 | HF5601 Accounting |
| url | https://repo.uum.edu.my/id/eprint/25972/1/JAFEE%204%202%202018%20169%20176.pdf |
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