The Organization for Economic Cooperation and Development (OECD) has established guidelines to eliminate tax havens.Why, then, can the OECD (as of 2004) still identify over 30 countries as tax havens?

Question

Quizplus · Accepted Answer

Although the OECD has established guidelines to eliminate tax havens, it has no enforcement powers. This means that it cannot force countries to comply with its guidelines, and therefore, some countries still operate as tax havens despite the OECD's efforts.

The Organization for Economic Cooperation and Development (OECD) Has Established