Match!

The Value of IFCS and Focusing on Facts Rather than Fiction

Published on Jan 1, 2018
· DOI :10.1007/978-3-319-74573-2_8
Geoff Cook1
Estimated H-index: 1
Cite
Abstract
The chapter takes issue with reoccurring claims by NGOs and pressure groups that certain Small States and Overseas Territories are tax havens. It argues that IFCs in Small States fulfil an important function.
  • References (9)
  • Citations (1)
Cite
References9
Newest
Published on Mar 1, 2017
Maya Forstater1
Estimated H-index: 1
Public financial transparency is increasingly advocated as a solution to concerns over legal tax planning by multinational corporations, and illegal tax evasion, fraud and money laundering. Caution is warranted since the scale of revenues at stake are in fact smaller than is often perceived, while experience suggests that data transparency is not a simple route to accountability. In particular there are calls for mandatory publication of beneficial ownership (the ultimate owners of companies and...
Published on Jan 1, 2016
Volker Nitsch16
Estimated H-index: 16
Recent estimates suggest that developing countries lose about 1 trillion US dollars each year due to illicit financial flows. This paper reviews the empirical methodology that underlies those estimates. Various critical aspects of the analytical approach are highlighted, focusing in particular on deficiencies in the use of mirror trade statistics to quantify the extent of capital outflows due to trade misinvoicing. Serious issues in the empirical analysis include, among others, arbitrary assumpt...
Published on Mar 24, 2014
G FindleyMichael18
Estimated H-index: 18
,
Daniel L. Nielson16
Estimated H-index: 16
,
J. C. Sharman18
Estimated H-index: 18
Preface 1. Introduction 2. Explaining the global shell game 3. Overall compliance, tax havens, OECD and developing countries 4. Corruption and terrorism 5. Laws and standards 6. Penalties, norms, and US origin 7. Conclusion References Appendices.
Published on Nov 3, 2011
Emile van der Does de Willebois3
Estimated H-index: 3
,
Emily M. Halter1
Estimated H-index: 1
+ 2 AuthorsJ. C. Sharman18
Estimated H-index: 18
This report, the puppet masters, deals with the corporate and financial structures that form the building blocks of hidden money trails. In particular, it focuses on the ease with which corrupt actors hide their interests behind a corporate veil and the difficulties investigators face in trying to lift that veil. It serves as a powerful reminder that recovering the proceeds of corruption is a collective responsibility that involves both the public and private sector. Law enforcement and prosecut...
Published on Mar 1, 1988in Journal of Health Economics3.35
Charles E. Phelps31
Estimated H-index: 31
(UR: University of Rochester)
The risks of fatal vehicle crash for young drivers rise precipitously with more drinking, reaching a 100-fold increase in risk for youths with 6+ drinks. Considerable external damage arises from drunk driving, providing firm logic for government intervention. If the 'cost' of an alcohol tax is the foregone consumer surplus of drinkers, then the cost per life saved using higher alcohol taxes is less than +10,000 per life at low taxes, even ignoring the lives of the drinking drivers. Thus, alcohol...
Published on Jan 1, 2005
Raymond W. Baker1
Estimated H-index: 1
Prologue. Chapter 1: Global Capitalism: Savior or Predator? PART I: Illegality: We Like the Money. Chapter 2: Playing the Game. The Dirty-Money User Manual. You're in Business. Chapter 3: Dirty Money at Work. The Corruption Industry. The Criminal Component: Drugs, Thugs, and Terrorists. Global Commerce and Tax Evasion: Coin of the Realm. Chapter 4: Magnitudes and Misunderstandings. How Much Money? A Failure Rate of 99.9 Percent. Well-Intentioned Efforts. The Patriot Act. Dirty Money Is on the Ri...
Published on Jun 1, 2000
Ruth Mayne1
Estimated H-index: 1
,
Jenny Kimmis1
Estimated H-index: 1
Cited By1
Newest
Published on Jan 1, 2018
International Financial Centres that operate in Small States are commonly known as Small States International Financial Centres (“SS IFCs”) and they act as tax neutral zones and consequently provide investors with the necessary business climate to invest in those jurisdictions. Most of these Small States are developing nations. Even though they have an existing investment regime, they have not been able to establish themselves as international trade centre because of various demographic, economi...
View next paperRegime change: not as easy as it looks. The legacy of the OECD's harmful tax practices initiative: implications for Australia and Vanuatu