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Bank Secrecy - Pillar for Performance of Tax Havens


  • Marius Eugen Radu

    () (Faculty of Law and Administrative Sciences, “Dimitrie Cantemir” Christian University)


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.

Suggested Citation

  • Marius Eugen Radu, 2016. "Bank Secrecy - Pillar for Performance of Tax Havens," Social-Economic Debates, Association for Entreprenorial Spirit Promotion, vol. 5(2), pages 1-6, August.
  • Handle: RePEc:sdb:social:v:5:y:2016:i:2:p:1-6

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    More about this item


    Tax havens; banking secrecy; confidentiality; trading; European Union;

    JEL classification:

    • K22 - Law and Economics - - Regulation and Business Law - - - Business and Securities Law


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