Economics Dictionary of Arguments

Home Screenshot Tabelle Begriffe

Tax havens: Tax havens are jurisdictions with lenient tax laws and financial secrecy, attracting individuals or businesses seeking to minimize tax liabilities. These locations offer low or zero tax rates, confidentiality, and minimal financial regulation. They facilitate the sheltering of income or assets from taxation in an individual's or entity's home country, often through offshore accounts or complex financial structures. See also Taxation, Tax evasion, Tax avoidance, Tax competition, Tax incidence, Tax loopholes, Tax system.
Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Concept Summary/Quotes Sources

Gabriel Zucman on Tax Havens - Dictionary of Arguments

Saez I 124
Tax havens/Saez/Zucman: Imposing sanctions on uncooperative tax havens is well-founded in economic reasoning. Each country is entitled to its laws, but when these laws have a major negative externality, victims are entitled to retaliate. >Tax Evasion/Saez/Zucman
, >Mulitnational Corporations/Saez/Zucman.
(...) the United States has successfully used the threat of taxes on financial transactions to force tax havens to share bank data automatically with the IRS (Internal Revenue Service), paving the way for a new form of global cooperation deemed impossible by many.
Vs: The main argument against this approach has been that taxation is a national prerogative and that pressuring a country to increase its corporate tax rate infringes upon its sovereignty. This is exactly how Switzerland used to defend its bank secrecy and lack of cooperation with other countries’ tax agencies, before changing course under American pressure.
Solution: The United States started pressuring Switzerland after a series of scandals made the scale of offshore abuse apparent. Now that data are finally becoming available on the amount of profits booked by multinationals in each of the countries where they operate, it becomes possible to estimate by how much, exactly, Ireland’s tax policy reduces the tax collection of the United States and France. There is no excuse anymore for ignoring the fiscal externalities that some countries impose on others.
Saez I 125
Saez/Zucman: (...) the way to make progress politically involves putting tax matters at the center of trade policies. Future trade deals should not be signed unless they contain an agreement on tax coordination.
Solution: With a high enough tax floor, the logic of international competition would be turned on its head. >Globalization/Saez/Zucman.

>Tax Avoidance, >Tax Competition, >Tax Compliance, >Tax Evasion, >Tax Havens, >Tax Incidence, >Tax Loopholes, >Tax System, >Taxation.

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.
Zucman, Gabriel

Send Link
> Counter arguments against Zucman
> Counter arguments in relation to Tax Havens

Authors A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   Z  

Concepts A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   Z