Offshore Jurisdictions And Tax Evasion In Romania

Type Working Paper - Ovidius University Annals, Economic Sciences Series
Title Offshore Jurisdictions And Tax Evasion In Romania
Author(s)
Volume 12
Issue 2
Publication (Day/Month/Year) 2012
Page numbers 1255-1260
URL https://www.researchgate.net/profile/Ionela-Corina_Chersan/publication/258119175_New_Customer_Demand​s__Challenge_for_Accounting_Track_in_Business_Faculties/links/54bff91d0cf28a6324a02dbf.pdf#page=1266
Abstract
Tax is the price of civilization.Tax havens are the price of globalization. By using tax havens ,we demonstrate how to avoid payment of taxes through legal methods of tax evasion. The most important advantage gained by offshore companies is an attractive tax due - "low tax" or "no tax". There are other arguments in favor of offshore companies - confidentiality guaranteed for the final beneficiaries - owners, flexibility in the management, readiness with which such companies can be established. This will lead to increase social inequitable social as well as deeping economic-financial crisis.

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