This paper argues that despite the crackdown on tax havens and Offshore Financial Centres by the Organisation for Economic Cooperation and Development and the developed world, tax havens will continue to exist and provide banking and financial services for the global economy into the future. The paper will also contend that the push by the OECD to have all tax havens enter into ‘Tax Information Exchange Agreements’ will not be entirely successful in ending the bank secrecy laws that are the basis for these nations being able to ensure the confidentiality of their customers.
|Number of pages||23|
|Journal||Canberra Law Review|
|Publication status||Published - 2010|
McLaren, J., & Passant, J. (2010). Tax havens: do they have a future providing banking and financial services? Canberra Law Review, 2010(1), 1-23. http://www.austlii.edu.au/au/journals/CanLawRw/2010/3.pdf