Jayaraman, Tiruvalangadu K. and Choong, C.K. (2010) Offshore financial center institutions in small jurisdictions in a globalized world: an empirical study of Vanuatu. International Journal of Economic Policy in Emerging Economies, 3 (2). pp. 129-146. ISSN 1752-0452
Full text not available from this repository.Abstract
Capital mobility and absence of direct taxation have made Vanuatu, an attractive Offshore Financial Centre (OFC) in the Pacific, since its independence in 1980. Consequently, Vanuatu has been depending on trade taxes. As Vanuatu would become part of a Pacific free trade area by 2015, policy makers are exploring new sources of tax revenue. An empirical investigation undertaken in this study shows that contribution of OFC institutions to Vanuatu's growth since its independence in 1980 was negligible and insignificant. The paper points out to the direction that Vanuatu has to move and overcome its reluctance to introduce direct taxation.
| Item Type: | Journal Article |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Economics (FBE) > School of Economics |
| Depositing User: | Ms Mereoni Camailakeba |
| Date Deposited: | 27 May 2010 03:57 |
| Last Modified: | 10 Jul 2012 08:34 |
| URI: | http://repository.usp.ac.fj/id/eprint/1834 |
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