Product Description
The diversity of international tax regimes, especially those with low taxation, further aided by the elimination of currency barriers, create the conditions that are an incentive for tax avoidance and/or evasion. Behind the opportunity of considerable savings on taxation, there is a free circulation of international wealth increasing the erosion of taxable amounts subject to taxation in the State territory. The effects of this phenomenon, through very sophisticated mechanisms and not always easy to identify, can jeopardise the social purpose of taxation and social re-distribution.