METHODS OF TAXATION IN THE TAX HAVENS. EXAMPLES OF TAXATION IN THE BAHAMAS, BERMUDA AND THE CAYMAN ISLANDS

• Published in: Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie Vol. 1; no. Special Issue ECO-TREND 2015; pp. 208 - 214
• Main Authors: ENEA CONSTANTIN, ENEA CONSTANTA
• Format: Journal Article
• Language: English
• Published: Academica Brâncuşi 01.12.2015
• Subjects: international trade; profitability; tax; tax haven
• ISSN: 1844-7007; 1844-7007

We should never trust appearances: "the drum, with all the noise it makes is not only filled with wind"[1]. This old oriental proverb perfectly illustrates our proposal regarding the "true false" tax havens. Only at the beginning of this century, learned before firms to exercise their activity in the national territory, returned to international trade. The continuous search for new outlets to escape the growing production, export them first and then they were implanted overseas sales platforms and then installing production. Zero Haven sites or havens with zero tax consisting essentially of small economies, the British colonies (Cayman Islands, British Virgin Islands), dependent territories of the Commonwealth (Bermuda) or territories became independent (Antigua, Bahamas 1963 or Vanuatu 1980). Our study will analyze tax havens most common: Bahamas, Bermuda or the Cayman Islands, where we find all models of reception that can be viewed in other areas zero-haven: International Business Companies (Antigua, the Virgin Islands, Nevis) exemption schemes to insurance companies or banks (Barbados, Vanuatu). The subject of tax evasion subject of much debate, targeting both the domestic economic space and the world. Unlike their concerns globally, domestic concerns to reduce tax evasion resumes, especially on taxation of small businesses, avoiding knowingly scope of tax havens.