Do Tax Havens Flourish?
Hines, James R., Jr.., Nationa...
Do Tax Havens Flourish? by Hines, James R., Jr.., National Bureau of Economic Research, Hines, James R., Jr.., National Bureau of Economic Research
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An edition of Do Tax Havens Flourish? (2004)

Do Tax Havens Flourish?

Tax 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.

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English
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Cover of: Do Tax Havens Flourish?
Do Tax Havens Flourish?
2004, National Bureau of Economic Research
electronic resource in English

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November 2004.

Access restricted to subscribers.

Hardcopy version available to institutional subscribers.

System requirements: Adobe [Acrobat] Reader required for PDF files.

Mode of access: World Wide Web.

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Cambridge, Mass
Series
NBER working paper series -- no. w10936, Working paper series (National Bureau of Economic Research) -- no. w10936

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[electronic resource]

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OL62723779M

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OL46190080W

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