Results 171 to 180 of about 679 (211)
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Are offshore financial centres the product of global markets? A sociological response
Economy and Society, 2003Clearly the globalization of finance has provided opportunities for OFCs to emerge. From a sociological perspective it is argued, however, that closer analysis demands respect for their diversity and even idiosyncrasy. Analytical concepts are offered to situate this diversity and to develop a more reflexive understanding of the processes through which ...
Matthew Donaghy, Michael Clarke
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Criminalisation of the Use of Offshore Financial Centres in the United Kingdom
SSRN Electronic Journal, 2014This article proposes an analysis of the evolution of the British strategy, alone or as part of an international organization, to criminalize the use of offshore financial centres (OFCs). As the analysis focuses on the use of OFCs in their modern shape, it will encompass the decades from the 1960s to 2014.
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A Critical Examination of the International Regulation of Offshore Financial Centres
SSRN Electronic Journal, 2009Globalisation has leaded to increasing movements across national frontiers of goods and services, financial capital, production factors and technology. Globalisation has mixed effects on the development of tax systems and national economies. However, it has also contributed to a tax competition taking potentially the form of harmful tax practices ...
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Determinants of the Distribution of Eurodollar Deposits in Offshore Financial Centres
2013Hong Kong has rapidly developed as the premier offshore RMB business centre in recent years. In particular, a turning point occurred in 2010 when a series of path-breaking measures were introduced. These measures include the expansion of the RMB trade settlement pilot scheme in June 2010 and the amended Clearing Agreement in July 2010.1 As an indicator
Jim Wong, David W. Y. Leung
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All at Sea: The Misguided War on Offshore Financial Centres
SSRN Electronic Journal, 2019Corporate taxes are inefficient and have disproportionate deadweight costs. The optimal corporate tax rate is zero. Most voters are easily deluded into thinking that corporate taxes impose no cost on them, and politicians around the world have cut corporate tax rates, not because they have decided to put the welfare of the population ahead of electoral
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Cyprus: An Emerging Offshore Banking and Financial Centre
1995Up to now we have been concerned with the onshore banking activity in Cyprus. In this chapter, we will examine the offshore banking sector, its establishment, growth and prospects. We will examine, first, the factors that are known to attract foreign banks and financial services companies in general to the island.
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Offshore financial centres and bank secrecy
2014We study the impact of an offshore financial center on the economy in the presence or absence of bank secrecy in a two-country setting with heterogeneous investors who choose where to deposit their savings. Rather than focussing on tax competition, we acknowledge that countries use two instruments to attract investors: tax rate and institu- tional ...
Patrice Pieretti +2 more
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‘Harmful’ Tax Competition and the Future of Offshore Financial Centres
Journal of Money Laundering Control, 2002Offshore financial centres are coming under increasing pressure from both the OECD and the European Union. They are seen by many bureaucrats and politicians in OECD countries as facilitating criminal activities such as laundering drug money as well as tax evasion and tax avoidance by residents of high‐tax welfare states.
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Les centres financiers offshore du monde britannique
Norois, 1993ABSTRACT Offshore centres such as Bermuda, Jersey, Guernsey, the Isle of Man, provide generous tax advantages to footloose businesses seeking a liberal environment. Although a member of the European Community, the Republic of Ireland was able to set up an International Financial Services Centre in Dublin that offers similar advantages ...
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<> legal regime of offshore financial centres
2015Das Offshore-Geschäft ist ein sich rasch entwickelndes Phänomen. Die Zahl der Länder und Gebiete die ihre Dienste in der Offshore-Gerichtsbarkeit anbieten wächst und parallel dazu steigt das Bedürfnis an den angebotenen Leistungen. Aus diesem Grund sind Offshore-Gerichtsbarkeiten heute ein integraler Teil des globalen Finanzsystems. Neben dem positiven
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