Economic consequences of tax havens on global tax Revenues

Rakesh Kumar Rai

Tax Havens, Profit Shifting, Global Tax Revenues, International Cooperation.

Tax havens, characterized by low tax rates and strict financial secrecy, significantly impact global tax revenues. They facilitate profit shifting, causing annual global losses of $500-600 billion, with developing countries losing $200 billion. This exacerbates inequality, distorts economic decisions, and hinders development. Addressing these challenges requires international cooperation to enhance transparency and fairness in global taxation.

Published Paper   E-Certificate

"Economic consequences of tax havens on global tax Revenues", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.6, Issue 3, page no.769 - 772, March-2021, Available :https://ijsdr.org/papers/IJSDR2103127.pdf

Volume 6 Issue 3, March-2021

Pages : 769 - 772

Paper Reg. ID: IJSDR_212020

Published Paper Id: IJSDR2103127

Downloads: 000347046

Research Area: Other

Country: -, -, India

Published Paper PDF: https://ijsdr.org/papers/IJSDR2103127

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2103127

ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

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