Tax Havens Impact on the World Economy

Tax havens are, on the other hand, the problem continues, by the fact that adversely affect the budgetary revenue of countries with higher taxation and thereby give rise to increased tax avoidance, particularly that law, lawful and unlawful migration t o the capital, causing financial instability, and by circumvention of financial control, financial crises.The pressure group Tax Justice Network estimated that losses arising as a result of the global system of taxation through tax havens up to 255 billion. doll ars per year, but these figures are not accepted unanimously. The OECD estimated that the 2007 capital placed through offshore companies in tax havens atingeau a value between 5,000 and 7,000 billion. dollars. The most significant impact in terms of tax evasion by means of tax paradisurilor is the emerging countries of not owning the tools you need to force an exchange of information.The globalisation of world economy and breşele created in the international tax system and refining the financial strategies have created a climate conducive to the development of strong fiscal paradisurilor, which, due to legislation and taxation superliberale system, very lenient tax shall, on the one hand, a number of advantages countries of their location.