Offshore Deposits and Tax Policies
Varun Chotia1, Prashant Sharma2

1Varun Chotia*, Assistant Professor, Economics, Jaipuria Institute of Management, Jaipur campus, Jaipur, Rajasthan, India.
2Prashant Sharma, Assistant Professor, Finance, Jaipuria Institute of Management, Jaipur campus, Jaipur, Rajasthan, India. 

Manuscript received on 15 August 2019. | Revised Manuscript received on 25 August 2019. | Manuscript published on 30 September 2019. | PP: 60-68 | Volume-8 Issue-3 September 2019 | Retrieval Number: C4253098319/19©BEIESP | DOI: 10.35940/ijrte.C4253.098319
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)

Abstract: The study aims to empirically analyze the relationship between Taxes and Offshore Deposits. A major issue in the present-day economic world has been the use of tax havens or formally called ‘Offshore Deposits’ by wealthy individuals and companies to evade tax. The prospect of the following study is to analyze what factors really lead to these deposits and whether reducing top income tax rate would be an effective mean to combat these tax evasions. In this paper, it is argued that in fact, tax rates alone are not a reason and when various countries divided in groups lead so several other significant determinants of tax evasion.
Keywords: Claims, Liabilities, Offshore deposits, Tax evasion

Scope of the Article:
Software Economics