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International Tax Havens
Essay # 15216
International Tax Havens
An examination of the locations of "offshore" banks (Bahamas, Bermuda, Canada), legal infrastructures, economics and services provided.
1,350 words (approx. 5.4 pages) |
4 sources |
2000
From the Paper:
"Tax Havens Around The WorldAround the world there are at least 50 governments and municipalities that are known as "tax havens" because of the laws that affect taxes on income and earnings held in the offshore banks. An article in The European describes the situation like this. "Today's typical tax haven is no longer the palm-fringed island bathed in year-round glorious sunshine. It is more likely to be the city-centre skyscraper of a worldwide consultancy firm, set in a country that has skilled professionals and sophisticated international communications"(Butler, Phelps & Gartland, 1996, 31).
Given that definition, then Switzerland, Liechtenstein and Luxembourg are "offshore" even though they are far inland. This is because those countries have the reputation, legislation and well-developed..."
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APA Citation:
International Tax Havens (2012, January 15). Retrieved February 12, 2012, from http://www.academon.com/Essay-International-Tax-Havens/15216
MLA Citation:
"International Tax Havens" 15 January 2012. Web. 12 Feb. 2012. <http://www.academon.com/Essay-International-Tax-Havens/15216>
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