文稿教案讲稿tax haven.pdfVIP

Contents • Definitions • Classification • Why it matters • Examples • Negative effects of tax havens • reference Definitions •There are several definitions of tax havens. In 2002 The Economist adopted the description by Geoffrey Colin Powell (former economic adviser to Jersey): What ... identifies an area as a tax haven is the existence of a composite tax structure established delibera y to take advantage of, and exploit, a worldwide demand for opportunities to engage in tax avoidance. The Economist points out that this definition would still exclude a number of jurisdictions traditionally thought of as tax havens. Similarly, an Australian journalist suggested that any country whi odifies its tax laws to attract foreign capital could be considered a tax haven • A tax haven is a legal jurisdiction such as a country or pr ipality where the rate of taxation is lower than in surrounding areas. Tax havens are generally characterized by strong privacy protections, low tax rates, and highly reputable banks. They are traditionally amongst the most politically stable regions in the world. Classification • Primary tax havens • Semi-tax havens • Conduit tax havens Primary tax havens • the location where financial capital winds up. Subsidiary s companies there have obtained rights to collect profits from corporatein lectual property (IP) by transfers from their parent. Semi-tax havens • locations that produce goods for sale primarily outside of their territorial boundaries and have flexible regulations to encourage job growth, such as trade zones, territorial-only taxation, and similar inducements. Conduit tax havens • locations where e from sales, primarily made outside their boundaries, is collected, and then distributed. Semi-tax havens are reimbursed for actual product costs, perhaps with a commodity markup. The remaining profits are transferred to the primary