Offshore Jurisdictions And Tax Evasion In Romania
AbstractTax is the price of civilization.Tax havens are the price of globalization. By using tax havens ,we demonstrate how to avoid payment of taxes through legal methods of tax evasion. The most important advantage gained by offshore companies is an attractive tax due - "low tax" or "no tax". There are other arguments in favor of offshore companies - confidentiality guaranteed for the final beneficiaries - owners, flexibility in the management, readiness with which such companies can be established. This will lead to increase social inequitable social as well as deeping economic-financial crisis.
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Bibliographic InfoArticle provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.
Volume (Year): XII (2012)
Issue (Month): 2 (Decembre)
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Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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tax evasion; jurisdiction offshore; tax paradise.;
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