Days of Tax Haven are numbered

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CHAPTER 3: METHODOLOGY

Research Design

The research design used to carry out this research study is primarily qualitative approach considering the aims and objectives of the study which primarily indicate this research as descriptive. This is imperative to be used to carry out this research effectively thereby drawing upon accurate findings, for which researches and prior works that have been conducted in the domain earlier could be studied and referred, in addition to conducting primary survey if the study is doing any, which is important so as to gain comprehensive insight into the tax avoidance practices as followed by numerous companies in the United Kingdom along with the framework that is typically used in an attempt to deliver well-rounded results. From the qualitative design, previous trends, statistics and procedures that might have been highlighted in this field in earlier studies were determined along with the loopholes which were of immense importance in carrying out this study devoid of the loopholes that have been found in earlier researches.

However, relying just on the data that is gathered through earlier researches and studies is not a feasible approach as it will only draw upon statistics and findings reported in earlier studies. The use of tax avoidance is consistently increasing with newer tactics being emerging every day regardless of it being considered as crime, for which purpose vigilance depicted by the Government of UK to cater to the issue is progressively increasing and concentrated upon highly particularly on the use of tax havens; which are now usually used by multinational companies when they intend to involve in tax avoidance. Hence the trends are likely to change with continuous developments on the side of Government; to intercept and halt tax avoidance, as well as organisations, to avoid tax. In such circumstances, it becomes inevitable for the current data to be collected, which subsequently is analysed through the discussion pertaining to key themes and issues, which are then compared and contrasted with the literature review in order to reach credible and precise findings.

Research Method

Primary as well as secondary research method was used as also indicated in the research design. Data and findings reported in prior researches, scholarly and journal articles were studied so as to gain broader idea necessary to draw upon the thematic concepts required to understand the practices of tax avoidance in UK, along with the steps taken by the government to counter the practice. Literature Review was done through the use of this secondary research which subsequently indicated the dominant theme emerging out of the secondary research. To ensure in-depth secondary data collection and analysis, all the relevant articles that were reviewed were cited in this study along with the use of tree search referencing; in an attempt to gain access to those articles even which are referenced by the authors whose works are also referred to in carrying out this research, through secondary research method. Reports that were published by governmental as well non-governmental agencies were also used ...