European Union’s Struggle with Tax Havens and Profit Drain

Narciz Balasoiu ()
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Narciz Balasoiu: Academy of Economic Studies, Faculty of International Business, Bucharest, Romania

Scientia Moralitas Conference Proceedings from Research Association for Interdisciplinary Studies

Abstract: The issue of corporate taxation applied in the jurisdiction in which a company operates has recently received increasing political traction, as tax havens have increasingly drawn attention and also as multinationals have developed colossal turnovers, far above the GDPs of less developed countries. Tax havens deprive of billions of dollars many states that have not established through adequate legislation an assertive fiscal control, generating and fueling social inequities and a high degree of poverty. By funneling money through tax havens to avoid the payment of taxes and fees, multinationals deprive national governments of large sums of money that could be directed to education or health programs.

Keywords: tax havens; European Union; tax avoidance; profit shifting (search for similar items in EconPapers)
Pages: 5 pages
Date: 2021-05
New Economics Papers: this item is included in nep-isf and nep-pbe
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Published in the Scientia Moralitas Conference Proceedings, on April 18-19, 2021, pages 78-83

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Persistent link: https://EconPapers.repec.org/RePEc:smo:scmowp:01241

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