International Tax Evasion in the Current Geopolitical Context

Constantin Sergiu-Bogdan ()
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Constantin Sergiu-Bogdan: Bucharest University of Economic Studies, Faculty of Accounting and Management Information Systems

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 2, 13-17

Abstract: Tax evasion means the avoidance of declaring and paying the tax obligations. Through the manifestation of this phenomenon, the state incomes are reduced, the governments not being capable of complying with their tasks. As the economic globalization progresses, tax evasion becomes international thanks to the tax havens which usually are small states that provide various tax facilities to those who want to carry out their activity through their agency, especially through offshore companies. It is not illegal to carry out the activity through an offshore company from a tax haven, this representing more a means, an instrument through which international tax evasion takes place. Money from world countries are drained through tax havens, affecting the budget returns. The European Commission coordinates the efforts to combat international tax evasion by international cooperation, improvement of information exchange between EU countries, G20 and tax havens, using FATCA deed under OECD supervision.

Keywords: international tax evasion; tax haven; EU; G20; OECD (search for similar items in EconPapers)
JEL-codes: F55 H26 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:13-17

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