To combat the global problems of tax evasion, corruption and money laundering, it is vital to understand the essential role tax havens play as providers of secrecy. This requires knowledge about the role played by banks, the Big Four and wealth managers as facilitators in the financial secrecy industry. The facilitators are the ones who enable financial crime, making it easy and low risk to hide the proceeds of tax evasion, corruption and money laundering. Better international regulations of these facilitators are required, combined with harsh penalties for breaking the rules.
Understanding the resource curse: A large-scale experiment on corruption in Tanzania
Alexander Cappelen, Odd-Helge Fjeldstad, Donald Mmari, Ingrid Hoem Sjursen and Bertil Tungodden
Journal of Economic Behavior and Organization
Implications of the COVID-19 pandemic for revenue generation in poor African countries
Odd-Helge Fjeldstad and Ole Therkildsen
Did British rule in Africa foster a legacy of corruption among local elites?
Merima Ali, Odd-Helge Fjeldstad and Abdulaziz Shifa