Tax Havens and Tax Shelters: A Legal View on the Cross-Border Intermediate Holding Companies within the EU

Abstract:

This article will set out some points on the issue of Tax Havens which are also known as Tax Shelters. Tax Havens (or Tax Shelters) are a major concern in most of the world. This is because the Tax Haven issue has a great impact on the economies throughout the world. Politicians, particularly in Europe and the US, are discussing taking actions against Tax Havens. In the US some action has already been taken. It seems like the discussions and the upcoming decision-making are made on the grounds where the issue at hand is not fully understood. The main question may then be, what exactly is a Tax Haven?