The Organization for Economic Co-operation and Development (OECD) considers the following important factors in deciding whether a country or a territory is a tax haven EXCEPT:
A)little or no nominal taxes
B)high accountability to international laws
C)personal information protection
D)low transparency to investigating bodies

Question

Quizplus · Accepted Answer

High accountability to international laws is not an important factor in considering a country or a territory a tax haven.
Key Takeaway: Tax havens have traditionally been territories or countries that offered financial shelters for individuals at little or no nominal taxes. Additionally, these tax havens offered high levels of protection of personal information and low transparency to agencies investigating money laundering.

The Organization for Economic Co-Operation and Development (OECD) Considers the Following