The passage I quoted is about evasion, not avoidance. To give a bit more context, the prior sentence speaks of "misuse". > The Organisation for Economic Co-op

The passage I quoted is about evasion, not avoidance. To give a bit more context, the prior sentence speaks of "misuse". > The Organisation for Economic Co-operation & Development is scrutinizing the potential misuse of these schemes. In October 2018, it released a blacklist of 21 jurisdictions, including Malta and Cyprus, that it believes are undermining international efforts to combat tax evasion. What we're talking about here is hiding assets that are subject to taxation. Like Swiss banks did for many years.