Bank Secrecy - Pillar for Performance of Tax Havens
Marius Eugen Radu ()
Additional contact information
Marius Eugen Radu: Faculty of Law and Administrative Sciences, “Dimitrie Cantemir” Christian University
Social-Economic Debates, 2016, vol. 5, issue 2, 1-6
Banking secrecy, one of the pillars of the functioning of financial systems, has undergone major changes lately, even in countries known for compliance. This shows a significant transformation of global economic-financial paradigms under increasingly strong pressure of the crisis. Automatic exchange of information is considered one of the most effective tools for combating tax evasion, providing essential information on the authorities' foreign income of individuals to assess and collect related fees.
Keywords: Tax havens; banking secrecy; confidentiality; trading; European Union (search for similar items in EconPapers)
JEL-codes: K22 (search for similar items in EconPapers)
References: Add references at CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:sdb:social:v:5:y:2016:i:2:p:1-6
Access Statistics for this article
Social-Economic Debates is currently edited by Cristina Balaceanu
More articles in Social-Economic Debates from Association for Entreprenorial Spirit Promotion
Series data maintained by Adi Sava ().