A tax haven is a place where certain taxes are levied at a low rate or not at all. The OECD identifies following three key factors in considering whether a jurisdiction is a tax haven.-¡°no or only normal taxes¡±, ¡°lack of effective exchange of information¡±, ¡°lack of transparency¡± At times this is a tool to lure business and conglomerates to areas that would normally be considered out of the way, and overlooked in most global trade.
As the international investment revitalizes, several legal disputes on transaction through Tax Haven between corporations and government/corporations have increased also.

Untitled Document