The Center for Freedom and Prosperity disputes claims about foregone tax revenue. Academic researchers also have found that tax havens actually boost prosperity in neighboring 9L0 509 jurisdictions by creating tax-efficient platforms for economic activity - much of which would not occur if subject to onerous taxes if controlled by a domestic entity. Some support for this is found in academic studies which suggests that the tax elasticity of investment is approximately -0.6.
A 2006 academic paper indicated that: "in 1999, 59% of U.S. firms with significant foreign operations 9L0 402 had affiliates in tax haven countries" although they did not define "significant" for this purpose.
Friday, September 5, 2008
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