Offshore Financial Centres And The Law

Author : Dominic Thomas-James
Publisher : Routledge
Page : 133 pages
File Size : 49,9 Mb
Release : 2021-07-15
Category : Business & Economics
ISBN : 9781000411171

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Offshore Financial Centres and the Law by Dominic Thomas-James Pdf

This book considers the ability of island jurisdictions with financial centres to meet the expectations of the international community in addressing the threats posed to themselves and others by their innocent (or otherwise) facilitation of the receipt of suspect wealth. In the global financial architecture, British Overseas Territories are of material significance. Through their inalienable right to self-determination, many developed offshore financial centres to achieve sustainable economic development. Focusing on Bermuda, Turks and Caicos, and Anguilla, the book concerns suspect wealth emanating from financial crimes including corruption, money laundering and tax evasion, as well as controversial conduct like tax avoidance. This work considers the viability of international standards on suspect wealth in the context of the territories, how willing or able they are to comply with them, and how their financial centres can better prevent receipt of suspect wealth. While universalism is desirable in the modern approach to tackling suspect wealth, a one-size-fits-all approach is inappropriate for these jurisdictions. On critically evaluating their legislative and regulatory regimes, the book advances that they demonstrate willingness to comply with international standards. However, their abilities and levels of compliance vary. In acknowledging the facilitatively harmful role the territories can play, this work draws upon evidence of implication in transnational financial crime cases. Notwithstanding this, the book questions whether the degree of criticism that these offshore jurisdictions have encountered is warranted in light of apparent willingness to engage in the enactment and administration of internationally accepted laws and cooperate with international institutions.

Author : Rose-Marie Belle Antoine
Publisher : Ian Randle Publishers
Page : 253 pages
File Size : 49,7 Mb
Release : 2004
Category : Banks and banking, Foreign
ISBN : 9789768167316

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Legal Issues in Offshore Financial Services by Rose-Marie Belle Antoine Pdf

In this publication, academics, professional and representatives of the regulatory and government sectors from the Caribbean and the United Kingdom, address the types of offshore products and functions, the offshore tax function, the legal issues involved in using the offshore trust, and regulation of the offshore sector. The Key areas of International Business vehicles, the Captive Insurance Industry the use of offshore trusts in International estate planning and the regulation and control of money laundering are also analysed. This publication represents an edited and updated collection of papers delivered at the 1998 workshop on the subject Legal Issues in Offshore International Financial Services.

Author : Mary Alice Young
Publisher : Routledge
Page : 218 pages
File Size : 52,6 Mb
Release : 2013
Category : Business & Economics
ISBN : 9780415526326

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Banking Secrecy and Offshore Financial Centers by Mary Alice Young Pdf

This book brings together the issues surrounding banking secrecy and confiscation of criminal proceeds in offshore financial centres. The book examines the existing legal agreements at the international, regional and national levels and their interaction in the substantive areas of confiscation, anti-money laundering and banking confidentiality laws. The work draws on the insights of criminologists to offer critical insight into the legislative frameworks designed to deal with banking secrecy and confiscation in offshore financial centres. It goes on to offer suggestions for measures that may be taken by major economies to circumvent the lack of cooperation by offshore financial centres as intolerance towards money laundering grows in light of recent political and economic events.

Author : Christopher M. Bruner
Publisher : Oxford University Press
Page : 232 pages
File Size : 51,7 Mb
Release : 2016-11-11
Category : Law
ISBN : 9780190466893

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Re-Imagining Offshore Finance by Christopher M. Bruner Pdf

Small jurisdictions have become significant players in cross-border corporate and financial services. Their nature, legal status, and market roles, however, remain under-theorized. Lacking a sufficiently nuanced framework to describe their functions in cross-border finance - and the peculiar strengths of those achieving global dominance in the marketplace - it remains impossible to evaluate their impacts in a comprehensive manner. This book advances a new conceptual framework to refine the analysis and direct it toward more productive inquiries. Bruner canvasses extant theoretical frameworks used to describe and evaluate the roles of small jurisdictions in cross-border finance. He then proposes a new concept that better captures the characteristics, competitive strategies, and market roles of those achieving global dominance in the marketplace - the "market-dominant small jurisdiction" (MDSJ). Bruner identifies the central features giving rise to such jurisdictions' competitive strengths - some reflect historical, cultural, and geographic circumstances, while others reflect development strategies pursued in light of those circumstances. Through this lens, he evaluates a range of small jurisdictions that have achieved global dominance in specialized areas of cross-border finance, including Bermuda, Dubai, Singapore, Hong Kong, Switzerland, and Delaware. Bruner further tests the MDSJ concept's explanatory power through a broader comparative analysis, and he concludes that the MDSJs' significance will likely continue to grow - as will the need for a more effective means of theorizing their roles in cross-border finance and the global dynamics generated by their ascendance.

Author : Richmond Law & Tax
Publisher : Richmond Law & Ted Limited
Page : 294 pages
File Size : 47,5 Mb
Release : 2005-01-01
Category : Business & Economics
ISBN : 1904501478

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Financial Services Regulators in Offshore Financial Centres by Richmond Law & Tax Pdf

Rapid growth in financial services regulation in many countries has led to demand for high quality data about agencies and institutions involved in national and international regulatory systems and explanation of the legal context in which they operate. This major new publication provides detailed, consistently presented information for over 100 institutions. It covers organizations with regulatory responsibilities, whether primary or secondary, for the banking and financial services industry on both national and international levels. Invaluable data provided for each institution include: Scope of Regulation; Legal Basis; Financing; Key Personnel and Organizational Structure; History; Current Regulatory Developments; Regulatory Objectives; Activities and Implementation; Measures to Ensure Compliance; Accountability; Complaints and Redress; Relationships with other Regulatory Bodies; Principal Publications. The information provided for each regulatory body has been reviewed by a leading law firm in each jurisdiction. This data is complemented by a comprehensive explanation of the financial services regulatory framework in each country, provided by the same law firm. These overviews include: description of the nature of the regulatory regime; recent regulatory developments; analysis of the regulatory bodies, their policies, operational activity and relationships; scope of regulatory responsibilities, their application and legal basis; explanation of the international context; future developments expected.

Author : Rose-Marie Antoine
Publisher : OUP Oxford
Page : 0 pages
File Size : 48,9 Mb
Release : 2013-03-28
Category : Law
ISBN : 0199693455

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Offshore Financial Law by Rose-Marie Antoine Pdf

This new edition of the leading comparative work on offshore financial law provides a fresh look at the current legal landscape in this sector offering guidance on complex legal issues and context for matters of practice.

Author : Rose-Marie Antoine
Publisher : Unknown
Page : 465 pages
File Size : 53,5 Mb
Release : 2014
Category : Electronic
ISBN : 0191635367

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Confidentiality in Offshore Financial Law by Rose-Marie Antoine Pdf

The only book to focus specifically on the fundamental issue of confidentiality and by extension, disclosure obligations, in offshore financial law. These important topics are addressed in full and the book includes analysis of recent treaties covering the subject and comparative coverage of key domestic legislation.

Author : Peter Yeoh
Publisher : Kluwer Law International B.V.
Page : 325 pages
File Size : 55,8 Mb
Release : 2021-08-06
Category : Law
ISBN : 9789403535555

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The World of International Financial Centres by Peter Yeoh Pdf

Evidence continues to accumulate indicating that tax havens (as they are familiarly called) account for a staggering multi-trillion-dollar loss of tax revenues worldwide. Yet, as this crucially important book shows, such offshore financial centres (OFCs) represent merely the ‘low-hanging fruit’ of a massive malaise reaching into every corner of today’s global financial services landscape with the so-called New York-London axis at its root. In a biting critique and analysis of the tax and regulatory environments from which OFCs operate, the author demonstrates that OFC-like features exist in almost every jurisdiction as a virtually inevitable outcome of the transformation of economies worldwide over the past three decades, as nations and economic blocs compete for foreign investments, and as nations seek expansion of markets to accelerate growth. Covered aspects of this phenomenon include the following: the financialization process in global transactions; erosion of credibility in political establishments with regard to their ability to govern from the centre; ultralight regulatory enclaves found in parts of developed countries; public pressure demanding enhanced international cooperation and global tax reforms, now increasingly led by the US Biden administration, and increasingly likely to reach consensus among G7 economies; and momentum generated for reform of financial reporting systems by the leaked Panama and Paradise Papers, as well as the gathering impact of the COVID-19 pandemic that led to growing government involvements in national and regional economies to protect the health and economic welfares of their respective populations. With its insights into why OFCs persist despite tightening of the rules regarding tax and financial transparency, and its insistence that the blameworthiness of large-scale tax avoidance should be assessed as a global tax problem requiring coordinated and collaborative response from both developing and advanced economies, this book takes a giant step towards genuine international tax reform. It will prove of enormous value to financial institutions, multinational corporations, tax experts, and lawmakers seeking to mend a world increasingly troubled by illicit financial flows, and problems posed by large individual and corporate tax escape artists. Disclaimer: This title is in pre-production and any names, credits or associations are subject to change. The current table of contents and subject matter is for pre-release sample purposes only.

Author : Aretha M. Campbell
Publisher : Springer Nature
Page : 363 pages
File Size : 49,8 Mb
Release : 2021-10-11
Category : Business & Economics
ISBN : 9783030688769

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Money Laundering, Terrorist Financing, and Tax Evasion by Aretha M. Campbell Pdf

This book explains the consequences of global policy initiatives against money laundering, terrorist financing, and tax evasion on financial centres located in offshore jurisdictions in the Caribbean region. Adding to the existing literature by detailing international policy initiatives against money laundering and tax evasion from the early 1920s to date, this book examines the factors that have contributed to their gradual development over time, their role in contributing to money laundering, terrorist financing, and tax evasion, the international policy initiatives that came about to address these financial crimes, as well as the consequences of these policy initiatives on the legislative systems, institutions, offshore business sectors, and economies of these financial centres.

Author : Neil Courtis
Publisher : Unknown
Page : 220 pages
File Size : 46,8 Mb
Release : 2001
Category : Banks and banking, Foreign
ISBN : 1902182170

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Financial Regulation in Offshore Centres by Neil Courtis Pdf

Author : Andrew P. Morriss
Publisher : Government Institutes
Page : 210 pages
File Size : 52,6 Mb
Release : 2010-06-16
Category : Business & Economics
ISBN : 9780844743394

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Offshore Financial Centers and Regulatory Competition by Andrew P. Morriss Pdf

In Offshore Financial Centers and Regulatory Competition, a group of leading international law and finance experts argues that offshore jurisdictions have become key players in corporate finance and captive insurance markets.

Author : Jason P Abbottd
Publisher : Springer
Page : 278 pages
File Size : 41,8 Mb
Release : 2016-07-27
Category : Business & Economics
ISBN : 9781349147526

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Offshore Finance Centres and Tax Havens by Jason P Abbottd Pdf

Offshore finance has transformed many small jurisdictions into high income economies and has facilitated the growth of global financial markets, deregulation and the convergence of economic policies worldwide. However, the volatility and fickle nature of global capital has also become apparent. This major new multi-disciplinary and international collection explores the development of offshore finance and is an extremely valuable resource for all those considering the issues involved in this important area.

Author : Ian Kawaley,Karen Skiffington
Publisher : Unknown
Page : 0 pages
File Size : 43,9 Mb
Release : 2018
Category : Commercial law
ISBN : 0854902422

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Offshore Commercial Law in Bermuda by Ian Kawaley,Karen Skiffington Pdf

Written by leading practitioners in the principal commercial law fields, this book provides an insight into the historical development and current operation of Bermuda's offshore legal framework. Each contributor describes the key legal rules and explains how the relevant legal principles are applied in practice.

Author : Gabriele Pauliuk
Publisher : GRIN Verlag
Page : 21 pages
File Size : 51,6 Mb
Release : 2021-03-18
Category : Business & Economics
ISBN : 9783346367426

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The offshore banking industry. Multi-level-analysis of Tax-Haven legislations of onshore and offshore governments by Gabriele Pauliuk Pdf

Seminar paper from the year 2018 in the subject Business economics - Accounting and Taxes, grade: 8, , language: English, abstract: In this paper the author is presenting a multi-level analysis on the topic of offshore banking industry, more commonly defined as “tax haven”. The goal is to set a theoretic base behind the definitions of “offshore banking” and “tax haven” as well as identify the most important legislations of both onshore and offshore governments which highly impact the size of the offshore banking industry. Finally, the paper aims to take a glance at different perspectives: local and offshore governments and, on the other hand, companies or individuals who add up to the population using offshore banking. The latter includes naming benefits and disadvantages of every variable of this analysis as well as focusing on real life examples such as Cayman Islands and Cyprus as “tax havens” and US together with EU for law and ongoing campaigns background.

Author : William Le Gro Richards
Publisher : CreateSpace
Page : 266 pages
File Size : 40,9 Mb
Release : 2003-10-08
Category : Business & Economics
ISBN : 1594572402

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The Handbook of Offshore Financial Centers by William Le Gro Richards Pdf

An international text that integrates the relevant facets of law, banking, and taxation in the use of Offshore Financial Centers.