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Tax haven implications in financial crime

Author

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  • Daniela Iuliana Radu

    () ("Dimitrie Cantemir" Christian University)

Abstract

The term "tax haven" is often incorrectly used to describe a country because from this point of view, we should use the term "financial secrecy jurisdiction". A certain degree of financial and banking secrecy is characteristic of all states, almost all states requiring a certain level of protection for banking and commercial information. Banking and financial secrecy jurisdictions refuse, nearly always, to violate its own laws on banking secrecy, even when it could be a serious violation of the laws of a country.

Suggested Citation

  • Daniela Iuliana Radu, 2015. "Tax haven implications in financial crime," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 4(1), pages 5-8, April.
  • Handle: RePEc:sdb:social:v:4:y:2015:i:1:p:5-8
    as

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    More about this item

    Keywords

    Tax haven; banking crime; money laundering; tax evasion;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law

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