Tax havens in transition: how traditional low-tax jurisdictions are reshaping their models

For decades, the term “tax haven” evoked a familiar image: jurisdictions offering minimal taxation, strict financial secrecy and corporate structures designed to attract international capital with virtually no economic activity attached. That model dominated global tax planning from the 1980s through the early 2010s. But over the past decade —and especially in the last five years— the world has entered a fundamentally different era. Under the combined pressure of the OECD, the G20, the European Union, financial markets and domestic economic realities, many of these jurisdictions are now undergoing structural reforms that signal the end of traditional offshore regimes as we once knew them. The paradigm is shifting from opacity to regulated transparency, and from ultra-low statutory rates to more sophisticated, substance-based incentives.

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