Edited sentence: Having no or nominal taxes is not sufficient, by itself, to characterize a jurisdiction as a tax haven.If this is the case, the other two factors—whether or not there is an exchange of information and transparency—must be analyzed.In deciding whether or not a jurisdiction is a tax haven, the first factor to look at is whether there are no or nominal taxes.The OECD recognizes that every jurisdiction has a right to determine whether to impose direct taxes and, if so, to determine the appropriate tax rate