Elsayyad, May; Konrad, Kai A. - 2010
. Closing down a subset of tax havens reduces competition among the havens that remain active. This makes their "tax haven … up their "tax haven business". Moreover, the outcome of this process, reducing the number of tax havens, but not … eliminating them altogether, may reduce welfare in the OECD. -- tax haven ; harmful tax practices ; bidding for haven inactivation …