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Financial crises charge nations immense costs and lead to weakening of wellbeing. Politicians, professionals and academicians search for understanding of causes of financial crisis to enable them to spot their first hallmarks, and to adopt efficient regulative measures that may prevent financial crises and accompanying costs. When economists discuss an occurrence of the 2008 financial crisis they pay attention to plentiful reasons - but not taxes. This paper aims to investigate possible role income taxes might have played in the securitisation of bank assets in 2008 financial crisis. To understand role taxes taken in the outburst of the 2008 financial crisis, the paper first briefly explains role of securitisation of bank's assets in the outburst of the 2008 financial crisis. Then it discusses requirement of tax neutrality of securitisation. Empirical research focuses on the relationship between favourable taxing jurisdictions in tax havens and location of the commercial banks' branches and commercial banks' assets. It shows that offshore centres which are said to provide preferential tax regimes promote location of branches and assets of commercial banks therein. [ABSTRACT FROM AUTHOR]