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
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.
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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...