Tax Havens: International Tax Avoidance and Evasion

Gravelle, Jane G.

Library of Congress. Congressional Research Service.

关键词: Taxation;    Tax evasion;    Tax havens;    Taxation - Law and legislation;   

RP-ID  :  R40623
RP-ID  :  R40623_2009Jul09

美国|英语

来源: UNT Digital Library

【 摘 要 】

The federal government loses both individual and corporate income tax revenue from the shifting of profits and income into low-tax countries, often referred to as tax havens. The revenue losses from this tax avoidance and evasion are difficult to estimate, but some have suggested that the annual cost of offshore tax abuses may be around $100 billion per year. Recent actions by the Organization for Economic Cooperation and Development (OECD) and the G-20 industrialized nations have targeted tax haven countries, focusing primarily on evasion issues. There are also a number of legislative proposals that address these issues including the Stop Tax Haven Abuse Act (S. 506, H.R. 1265); draft proposals by the Senate FinanceCommittee; two other related bills, S. 386 and S. 569; and a proposal by President Obama. This report discusses this issue in detail.