publication . Article . Report . Other literature type . Preprint . 2009

Which Countries Become Tax Havens

Dhammika Dharmapala; James R. Hines Jr.;
Open Access
  • Published: 01 Oct 2009 Journal: SSRN Electronic Journal (eissn: 1556-5068, Copyright policy)
  • Publisher: Elsevier BV
This paper analyzes the factors influencing whether countries become tax havens. Roughly 15 percent of countries are tax havens; as has been widely observed, these countries tend to be small and affluent. This paper documents another robust empirical regularity: better-governed countries are much more likely than others to become tax havens. Using a variety of empirical approaches, and controlling for other relevant factors, governance quality has a statistically significant and quantitatively large impact on the probability of being a tax haven. For a typical country with a population under one million, the likelihood of a becoming a tax haven rises from 24 per...
free text keywords: Economics and Econometrics, Finance, jel:H25, jel:H87, jel:K10

Masters, M. and C. Oh (2006) “Controlled Foreign Corporations, 2002” Statistics of Income Bulletin, 25, 193-232.

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