The OECD vs. tax havens, Pt. 2: initial recommendationsArticle posted by Hale Stewart
The OECD originally went after tax havens in a 1998 document titled, "Harmful Tax Competition, An Emerging Global Issue." They defined a tax haven as a low- or no-tax jurisdiction that employs secrecy and does not exchange information with other taxing officials. To counteract the effect of havens, the OECD proposed a number of options. There are several that stand out.