Combating tax evasion through tax havens: A comparative analysis between Romania, Switzerland and Cyprus

Lucia Morosan-Danila and Claudia-Elena Grigoras-Ichim
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Lucia Morosan-Danila: Stefan cel Mare University of Suceava, Suceava, Romania
Claudia-Elena Grigoras-Ichim: Stefan cel Mare University of Suceava, Suceava, Romania

Review of Socio - Economic Perspectives, 2024, vol. 9, issue 1, 55-67

Abstract: Tax evasion through tax havens poses a significant and multifaceted challenge, impacting economies, fairness, and governance on a global scale. However, this research offers a glimmer of hope, as it scrutinises the phenomenon focusing on Romania, Switzerland, and Cyprus to understand the implications and strategies to mitigate such practices. The study employs a mixed methodology, incorporating a comprehensive literature review, comparative legal and tax analysis, and case studies to explore the intricate dynamics of tax evasion through tax havens. It delves into the economic effects, competitiveness, and state budget impacts, offering a nuanced understanding of these countries' roles within international finance and taxation. Results indicate that differences in tax policies, privacy regulations, and financial secrecy significantly influence the attractiveness of these jurisdictions for tax evasion purposes. The study concludes with actionable strategies to combat tax evasion, emphasising the importance of international cooperation, transparency, and policy reform. This research sheds light on the complex interplay between tax havens and economic policies and provides a foundation for future efforts to enhance fiscal fairness and global financial integrity.

Keywords: Tax Haven; Tax Evasion; Taxation; Romania; Switzerland; Cyprus (search for similar items in EconPapers)
JEL-codes: H25 H26 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:aly:journl:202331

DOI: 10.19275/RSEP174

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