Tax Havens Quiz

April 2024
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Question 1

The study reporting that $21 trillion are tucked away in tax havens was released by which of the following?

International Monetary Fund
Wikileaks
Tax Justice Network
Credit Suisse

Question 2

According to John Henry, author of the report on the trillions of dollars in tax havens, why is it hard to know for certain?

bankers’ unwillingness to be interviewed
threat of lawsuits
too much time has passed since the deposits were made
access to financial data is restricted

Question 3

According to the article in the Economist, arguments in favor of tax havens include which of the following?

Banking secrecy is a human right.
“Onshore” governments need to implement simpler, clearer tax policies.
Companies are obligated to earn for their shareholders maximum profits.
All of the above.

Question 4

The island country of Mauritius

has the strictest banking transparency laws in the world.
is the largest investor in the Indian economy.
is the world’s top offshore destination for hedge funds.
manages about one-third of global offshore investments.

Question 5

According to the group Global Financial Integrity, poor countries

benefit the most from the use of tax havens.
would be hurt the most by strict bank-secrecy regulations.
lose to offshore tax havens ten times more money than they receive in aid.
should relax their laws against banking secrecy in order to attract capital investment.

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