This paper will attempt to provide an answer to the question: will tax havens continue to provide financial and banking services to non-resident investors in the face of sustained pressure from the Organisation for Economic Cooperation and Development (OECD) 1 and the developed nations, in particular the G20? The question encompasses more than just the issue of whether or not tax havens and Offshore Financial Centres (OFCs) will continue to operate as financial centres attracting mobile capital from individuals and Multi-National Enterprises (MNEs) because they have low or no taxes. Two other important considerations which are fundamental to the future of tax havens are: first, whether these nations will amend their bank secrecy laws; and second whether tax havens and OFCs will enter into Tax Information Exchange Agreements (TIEAs) so that non-resident taxpayers and MNEs will be deterred from locating capital in those tax havens to minimise the impact of taxation in their home country.

Item Type:	Refereed Article
Keywords:	Tax havens
Research Division:	Law and Legal Studies
Research Group:	Law
Research Field:	Taxation Law
Objective Division:	Law, Politics and Community Services
Objective Group:	Community Service (excl. Work)
Objective Field:	Ability and Disability
UTAS Author:	McLaren, JA (Dr John McLaren)
ID Code:	128605
Year Published:	2010
Deposited By:	TSBE
Deposited On:	2018-10-02
Last Modified:	2018-11-08
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