The use of tax havens to not just avoid payment of taxes but also evade them has attracted considerable attention across the world and in India. Tax havens, also known as low-tax or no-tax jurisdictions, enable ultra-rich individuals and corporate entities, to not pay taxes, legally and illegally. There is a thin dividing line between tax avoidance (often described as ‘good’ tax planning) and tax evasion (deemed criminal in most countries). In fact, ...
