Recently, there has been concern in the media based on a story published labelling Liberia a tax haven and counter respond from the government of Liberia defending the image of not being a tax haven. From the vantage point of a tax practitioner, and tax policy specialist, it is important that I share insight on the subject with the hope of informing the public.
For several reasons the issue of tax havens has been trending the news headlines worldwide due to the recent Panama Paper leak published by the Tax Justice Network (TJN). The Panama Papers and other leaks before it have increased investigations by governments and other organizations into the role of tax haven. It is important that we understand the meaning of "tax haven".
...