A tax haven is a place of shelter from high income taxes and currency controls. Countries offering more advantageous tax regimes are known as tax havens.
According to the Organization for Economic Cooperation and Development (OECD), tax havens have a number of common features.
They lack effective exchanges of information and transparency. They attract business with no substantial activity and are known as money laundering centres.
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Sumes Dewan is a partner at KR Chawla & Co Advocates & Legal Consultants. The firm is headquartered in New Delhi and has offices in Chennai and Bangalore as well as a representative office in Singapore.
Head Office
7th Floor, Kailash Building
26, Kasturba Gandhi Marg
New Delhi – 110 001
India
Tel: +91 11 2335 7658-61
Fax: +91 11 2331 9997
Email: krclo@krcco.com
US Office
KR Chawla Inc.
One Embarcadero Center
Suite 500
San Francisco; CA 94111
Tel: +415 773 2804
Mob: +415 509 2165