What determines tax havens? A historical investigation of tax haven factors

A Hartfield, C Liu and M H Sheikh

Economic Issues Journal Articles, 2024, vol. 29, issue 2, 29-56

Abstract: This paper analyses the determining factors of tax haven status by investigating the factors from a historical perspective. Initially, we use tax variables, governance variables and a communication indicator to check if these factors can distinguish tax haven countries from non-tax havens, based on two data sets in 2006 and 2018. We apply principal component analysis combined with Welch’s t-test and logit model analysis. We find that collectively, the historical tax haven factors are outdated for 2018 data. Individually, historical tax haven criteria are not significant in explaining tax haven status, and alternative criteria and variables, such as the financial secrecy score, are required.

Keywords: historical criteria; tax havens; principal component analysis; Welch’s test; logit models (search for similar items in EconPapers)
JEL-codes: A14 C50 F5 H2 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eis:articl:224hartfield

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