While offshore financial centers---i.e. tax havens---have seen their influence increasing over international finance, the creation of more regulation appears to be a necessity. However, international regulation concerning offshore financial centers seems to be difficult to implement. While continental Europe---i.e. France and Germany---push for global and international legislation, the United States and the United-Kingdom are more than reluctant to adopt such measures. Moreover, international law has never really attempted to regulate tax issues, as taxation and transparency are part of countries' sovereignty.;This thesis, by analyzing OECD and IMF data, will show that effective international regulation regarding offshore financial centers is not likely to appear in the near future.
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