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Do Tax Havens Flourish?

dc.contributor.authorHines, James R. Jr.
dc.date.accessioned2006-05-22T18:02:02Z
dc.date.available2006-05-22T18:02:02Z
dc.date.issued2004
dc.identifier921en
dc.identifier.urihttps://hdl.handle.net/2027.42/39181
dc.description.abstractTax haven countries offer foreign investors low tax rates and other tax features designed to attract investment and thereby stimulate economic activity. Major tax havens have less than one percent of the world's population (outside the United States), and 2.3 percent of world GDP, but host 5.7 percent of the foreign employment and 8.4 percent of foreign property, plant and equipment of American firms. Per capita real GDP in tax haven countries grew at an average annual rate of 3.3 percent between 1982 and 1999, which compares favorably to the world average of 1.4 percent. Tax haven governments appear to be adequately funded, with an average 25 percent ratio of government to GDP that exceeds the 20 percent ratio for the world as a whole, though the small populations and relative affluence of these countries would normally be associated with even larger governments. Whether the economic prosperity of tax haven countries comes at the expense of higher tax countries is unclear, though recent research suggests that tax haven activity stimulates investment in nearby high-tax countries.en
dc.format.extent320759 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoen_US
dc.subjectTax Havensen
dc.subject.classificationBusiness Economicsen
dc.titleDo Tax Havens Flourish?en
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.contributor.affiliationumRoss School of Businessen
dc.contributor.affiliationumcampusAnn Arbor
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/39181/1/921.pdfen_US
dc.owningcollnameBusiness, Stephen M. Ross School of - Working Papers Series


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