International Initiatives Affecting Tax Havens

Bennett, Clinton

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PRICE
FOR FREE
AUTHOR
Bennett, Clinton
DATE
ISBN
9781845927677
LANGUAGE
ENGLISH
FILE FORMAT
11,14 MB
FORMAT
FB2 EPUB PDF

BOOK DESCRIPTION

This work brings together an analysis of the recent reports that have been published by various international bodies regarding offshore centres: The Edwards Report, KPMG Report, UK White Paper, G7 Financial Action Task Force, G7 Financial Stability Forum, United Nations initiatives and OECD Harmful Tax Competition. The key themes in this work are: Regulatory versus tax initiatives Is foreign tax evasion a money laundering offence?Written by an experienced international practitioner and a member of the Editorial Board of the Offshore Service, this work is completely unique in giving an extensive overview of the entire subject. Practising lawyers, tax firms, trusts, wealth planners, regulators and all businesses that transact through the jurisdictions will find this publication to be an invaluable point of reference.Bennett, Clinton is the author of 'International Initiatives Affecting Tax Havens' with ISBN 9781845927677 and ISBN 1845927672.

...COUNTRIES: ISSUES AND CHALLENGES. Policy Department DG External Policies 2 Thisstudywas requested by the European Parliament'sCommittee on Development AUTHORS: Giulia MASCAGN I, Research Fellow, INSTITUTE OF DEVELOPMENT STUDIES (IDS), INTERNATIONAL CENTRE FOR TAX AND DEVELOPMENT (ICTD),UK Mick MOORE, Professorial Fellow, INSTITUTE OF DEVELOPMENT ... Tax Competition and Tax Havens - Global Policy Forum ... ... Tax havens in the context of international finance Invisible, havens (referred to as "offshore") play an important role in international finance in the context of the current crisis. 50% of international trade transiting through them, these offshore centers are owner number 2 of State obligations. For example, the Cayman Islands occupy fifth place in world finance, holding 80% of investment ... As already mentioned, there are a lot of companies that find the legal and business environment in tax havens to be very attractive ... Why do offshore tax havens still exist? - BBC News ... . 50% of international trade transiting through them, these offshore centers are owner number 2 of State obligations. For example, the Cayman Islands occupy fifth place in world finance, holding 80% of investment ... As already mentioned, there are a lot of companies that find the legal and business environment in tax havens to be very attractive. A research paper published by the International Monetary Fund ... Summary: This study attempts to estimate the magnitude of corporate tax avoidance and personal tax evasion through offshore tax havens.It found U.S. corporations hold 20 percent of profits in tax havens, a tenfold increase since 1980. The effective tax rate for U.S. corporations has declined from 30 to 20 percent over the last 15 years, and about two-thirds of this decline can be attributed to ... International tax havens and money laundering is becoming a major issue in the current world economy. A tax haven country is a place where certain taxes are levied at a small rate or does not exist. People and/or businesses can find it smart to move into those places which will create tax competition amongst governments which also include illegal activities such as profits gained from unfair ... September -Tax Agreements with Tax Havens and Other Small Countries - Marshall J. Langer; April - Protectors: The Good or Bad Guys - Andrew Law; February - Trustee Investment Powers And Their Application To Purpose Trusts - Michael Allen ; 2004 Archives. December - Update on International Initiatives Affecting the Bahamas - John K. Delaney Initiatives spearheaded by the Organisation for Economic Co-operation and Development (OECD), the Financial Action Task Force on Money Laundering (FATF) and the International Monetary Fund have had an effect on curbing some excesses in the offshore financial centre industry, although it would drive the OFC industry towards a § Focus on tax for institutional and corporate clients. The US government "refuses to take part in international initiatives to share tax information with other countries, and has failed to end anonymous companies and trusts aggressively marketed by ......