around the world, big companies and multinational corporation extensively use transfer pricing techniques and policies to reduce their tax liability through tax havens. All the Fortune 500 companies are reported to have their subsidiaries in any one or more of the Tax Heaven countries. The Tax Havens also get various direct and indirect benefits on foreign direct investment being pumped into their countries. The practices become more complex and comprehensive and recently major issue for supranational organizations, tax authorities and even in the public opinion.

1. Compare all the elements of Gray's Accounting value model and analyze them with respect to two Tax Havens countries.

2. Describe how banking secrecy index play a role in the success of Tax Havens?

pls write in detail