Tax havens and the terrorism

Popa George-Dorel
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Popa George-Dorel: Ovidius University of Constanta Romania

Constanta Maritime University Annals, 2013, vol. 20, issue 2, 275-280

Abstract: In everyday language the term "tax haven" means economic and geographical area that offers a wide range of tax benefits where so called offshore companies are registered and carry on financial activities related to money laundering. Basically, an offshore company could operate under conditions of favorable tax only if it is recorded in a "tax haven." Using those companies situated in "tax havens", today, billons of US dollars are “recycled” in complicated financial operations supported by well-organized mechanisms and then, after “the black money” having origin in organized crime activities are reinserted in the legal economy and very often used to finance the terrorism

JEL-codes: A0 A1 R0 R4 (search for similar items in EconPapers)
Date: 2013
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