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Tax havens and the terrorism

Author

Listed:
  • Popa George-Dorel

    (Ovidius University of Constanta Romania)

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

Suggested Citation

  • Popa George-Dorel, 2013. "Tax havens and the terrorism," Constanta Maritime University Annals, Constanta Maritime University, vol. 20(2), pages 275-280.
    • Handle: RePEc:cmc:annals:v:20:y:2013:i:2:p:275-280
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    File URL: http://cmu-edu.eu/RePEc/cmc/annals/275-v20.pdf
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    References listed on IDEAS

    as
    1. Popa George Dorel, 2011. "International Crisis in the Context of Globalization and Money Laundering," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 1065-1069, May.
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      JEL classification:

      • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General
      • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
      • A0 - General Economics and Teaching - - General
      • A1 - General Economics and Teaching - - General Economics

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