Abstract :
Countries that are called tax havens do not have enough fields for agricultural and industrial purposes because their physical investment areas are limited. These countries have interiorized a tax system that operates in a completely opposite direction to the ideal taxation principles in order to enable development and sustainability. Off-shore centers, where financial secrecy is predicated, foreign exchange controls are not applied and audit structure is low, have become centers of attraction for tax evasion, taxation avoid and money laundering. Especially with liberation of capital movements and acceleration of globalization, tax havens have begun to have their most fertile periods. Exclusion of high amounts of funds from taxation is not only diminishing budget revenues and public expenditures of states but also causing legal and social degeneration. Studies made and measures taken in the international arena are insufficient so as to solve these problems that tax havens have created in the global financial system.
NaturalLanguageKeyword :
Off , Shore , Financial Secrecy , Tax Havens , Globalization.
