The Congressional Research Service (CRS) of the US Library of Congress issued a new report, entitled "Tax Havens: International Tax Avoidance and Evasion" (R40623) to address issues of tax avoidance and evasion in the US and abroad.
The report reviews what countries might be considered tax havens, including a discussion of the OECD initiatives and lists. The report goes on to discuss the corporate profit-shifting mechanisms and the estimated revenue cost of profit-shifting activity. It also provides the same analysis for individual tax evasion.
The report further details methods of corporate tax evasion as well as avoidance and evasion by individuals. It also provides alternative policy options to combat both corporate profit shifting and individual evasion.
Note: The CRS is an agency within the US Library of Congress and serves the US Congress by providing legislative research and analysis throughout the legislative process.