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Tax havens: do they have a future providing banking and financial services?
Citation
McLaren, JA and Passant, J, Tax havens: do they have a future providing banking and financial services?, Canberra Law Review, 9, (3) pp. 1-23. ISSN 1839-2660 (2010) [Refereed Article]
Copyright Statement
Copyright 2010 University of Canberra
Official URL: http://www7.austlii.edu.au/cgi-bin/viewdoc/au/jour...
Abstract
This paper will attempt to provide an answer to the question: will tax havens continue to
provide financial and banking services to non-resident investors in the face of sustained
pressure from the Organisation for Economic Cooperation and Development (OECD)
1
and
the developed nations, in particular the G20? The question encompasses more than just the
issue of whether or not tax havens and Offshore Financial Centres (OFCs) will continue to
operate as financial centres attracting mobile capital from individuals and Multi-National
Enterprises (MNEs) because they have low or no taxes. Two other important considerations
which are fundamental to the future of tax havens are: first, whether these nations will amend
their bank secrecy laws; and second whether tax havens and OFCs will enter into Tax
Information Exchange Agreements (TIEAs) so that non-resident taxpayers and MNEs will be
deterred from locating capital in those tax havens to minimise the impact of taxation in their
home country.
Item Details
Item Type: | Refereed Article |
---|---|
Keywords: | Tax havens |
Research Division: | Law and Legal Studies |
Research Group: | Commercial law |
Research Field: | Taxation law |
Objective Division: | Law, Politics and Community Services |
Objective Group: | Community services |
Objective Field: | Ability and disability |
UTAS Author: | McLaren, JA (Dr John McLaren) |
ID Code: | 128605 |
Year Published: | 2010 |
Deposited By: | TSBE |
Deposited On: | 2018-10-02 |
Last Modified: | 2018-11-08 |
Downloads: | 0 |
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