Offshore centres post 9/11: economics and politics

Abstract

Purpose

The aim of this research paper is to discuss the crucial difference between financial offshores and fiscal offshores.

Design/methodology/approach

The paper combines narrative with argument and analysis.

Findings

It is shown that the decision of a few countries and territories to adopt lax financial regulation do not coincide with those that institute competitive taxation policies. From a methodological point of view, the classic intuition of Becker is intertwined with the new political economy approach, in order to review and comment on empirical tests.

Originality/value

The paper suggests common guidelines for the design of international policy against money laundering and the financing of terrorism.

Citation

Masciandaro, D. (2006), "Offshore centres post 9/11: economics and politics", Journal of Money Laundering Control, Vol. 9 No. 4, pp. 365-372. https://doi.org/10.1108/13685200610707617