In particular, they were encouraged
to change their national tax laws so that it was no longer possible
for a tax avoider to merely ‘book’ some economic activity in the respective
haven without any underlying ‘real’ economic activity. In addition to
that the project also aimed at so-called preferential tax regimes in high-tax
countries, i.e. rules which tried to attract foreign capital by offering better
treatment than was available to domestic investors.
Tax havens questioned the legitimacy of these requests by dismissing