What are tax havens? The answer explains why the G-7 effort to end them is unlikely to succeed
- Written by: Beverly Moran, Professor Emerita of Law, Vanderbilt University
Not all tax havens come with fancy resorts and sun-drenched beaches. Westend61/Getty ImagesClose your eyes and imagine a tax haven. Does a Caribbean island come to mind? Sand, surf and thousands of post office boxes housing shell corporations?
Some tax havens, like the Cayman Islands or Bermuda, fit that description. Many others do not.
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