Problem
Legal havens
Experimental visualization of narrower problems
Other Names:
Havens from prosecutionAbuse of land-locked and island countries as havens
Nature:
The evolution of European countries such as Switzerland, the Vatican, Italy and Luxembourg (all of which are land-locked) to be centres of banking and valuables collections is attributable, at least in part, to singularities in their legal systems that make them havens, away from excessive governmental regulations, for certain kinds of transactions. Similarly, a number of island countries and territories, such as the USA Virgin Islands, the Bahamas, Singapore and several others, have constitutions that favour entrepreneurs, investors and speculators. The service economies of finance, banking and legal representation may attract developing island and land-locked countries, but many, however, lack the professional infra-structure for this. Tourism and entertainment industries require less capital investment than energy, food, and resources development projects, and may be the only other alternative.
Broader Problems:
Non-recognition of international law Narrower Problems:
Terrorist havensAbuse of tax havensInternet safe havensHavens for environmental pollutionNon-accountability of offshore banks Related Problems:
Vulnerability of land-locked countriesVulnerability of island developing countries and territories Aggravates:
Draft evasionEvasion of the lawImpediments to extraditionIneffective war crime prosecutionOfficial protection for offendersDegradation of countries by tourismObstruction of international criminal investigations Strategies:
Using land-locked and island countries as havens Subject(s):
Commerce → FinanceCommerce → Taxation
Geology → Islands
Geology → Land and coastal forms
Law → Legality
Law → Tribunals, courts
Societal Problems → Maltreatment
Related UN Sustainable Development Goals:
Problem Type:
D: Detailed problems Date of last update
04.10.2020 – 22:48 CEST