Tax evasion within the G-20. A faithless relationship

Abstract

The article analyzes the global problem of tax avoidance, its consequences, and possible solutions. It discusses the magnitude and complexity of tax avoidance through the use of opaque entities, citizenship and residency by investment programs, and the incentive offered by some G-20 countries with low tax rates and the transfer of wealth to their countries in order to capture assets for their economies and financial institutions.