Skip to main content
Fachgebiete
Automobil + Motoren Bauwesen + Immobilien Business IT + Informatik Elektrotechnik + Elektronik Energie + Nachhaltigkeit Finance + Banking Management + Führung Marketing + Vertrieb Maschinenbau + Werkstoffe Versicherung + Risiko
DE
EN
Bücher
Zeitschriften
Themenseiten
Organisationspsychologie Projektmanagement Marketing Smart Manufacturing
Weitere Formate
Podcasts Webinare Technik Webinare Wirtschaft Kongresse Veranstaltungskalender Awards
Jetzt Einzelzugang starten
Zugang für Unternehmen
Referenzkunden
SLX-Digitalkonferenz: Zukunftswerkstatt 2024

Mehr Umsatz mit Top-Kontakten

Am 7. Mai erfahren Sie, wie Vertriebsteams Leadgenerierung, Leadnurturing und Leadstrategien effizient steuern können.
Erweiterte Suche
Anmelden
nach oben
Erschienen in:
Small States and Integration: An Introduction Kapitel lesen Erstes Kapitel lesen

2018 | OriginalPaper | Buchkapitel

8. The Value of IFCS and Focusing on Facts Rather than Fiction

verfasst von : Geoff Cook

Erschienen in: Integration and International Dispute Resolution in Small States

Verlag: Springer International Publishing

Einloggen

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

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.

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Jetzt informieren

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Jetzt informieren
Vorheriges Kapitel How Small Jurisdictions Compete in International Financial Services
Nächstes Kapitel Small State International Financial Centres: A Chance to Reclaim the High Ground on Human Rights?
Fußnoten
1
For example, House of Commons International Development Committee (2016), p. 55. Shows that five of the ten witnesses to give evidence at the International Development Committee’s inquiry into corruption overseas, were from NGO and pressure groups. No witness came from an overseas territory or crown dependency.
 
2
Oxfam claim to be the first to have reported on the link between tax havens and poverty in Africa (2000). Since then, other reports have included Action Aid International (2016) and Esme Berkhout’s ‘Tax Battles: the dangerous global race to the bottom on corporate tax’ (2016).
 
3
The International Consortium of Investigative Journalists (ICIJ) first published the Panama Papers in April 2016.
 
5
For example, Oxfam and Action Aid reported on the link between tax havens and poverty in their publications, Oxfam (2000). Action Aid International (2016).
 
6
The House of Commons International Development Committee (2016), summary, third paragraph states: “Whilst we welcome initiatives such as the Action Plan for Anti-Money Laundering and Terrorist Financing, we would like the Government to also conduct due diligence on money that has already been laundered through the UK. It was disappointing that the Government was unable to persuade the UK’s Overseas Territories and Crown Dependencies to create public registers of beneficial ownership.”
 
7
Ms Diane Abbott MP during Criminal Finances Bill, as reported in House of Commons Hansard, Volume 616, 25 October 2016, Column 205.
 
8
Goodall (2011).
 
9
Forstater (2017).
 
10
Sharman (2017) and Findley et al. (2014).
 
11
Sharman (2016).
 
12
Kar and Spanjers (2015), p. 4.
 
13
Baker (2005).
 
14
Kar and Spanjers (2015), p. 4.
 
15
Mike Truman in an article written in 2010 on the website taxation.co.uk talks about the lack of evidence and outdated nature of Baker’s argument.
 
16
ONE, Trillion Dollar Scandal, (2014).
 
17
Christian Aid (2008).
 
18
Baker (2005).
 
19
Forstater (2015). p. 13.
 
20
Ibid., p. 30.
 
21
Ibid., p. 32.
 
22
Ibid., Foreword.
 
23
Nitsch (2015).
 
24
Kar and Spanjers (2015).
 
25
Nitsch (2015), p. 15.
 
26
The International Consortium of Investigative Journalists (ICIJ) first published the Panama Papers in April 2016.
 
27
Ibid.
 
28
Henry (2012), p. 5.
 
29
Jersey signed its first tax information exchange agreement (TIEA) with the USA on 23 May 2006.
 
30
MONEYVAL (2015), p. 14.
 
31
States of Jersey, Beneficial Ownership of Jersey Corporate and Legal Entities and a Register of Directors Policy Document, November 2016, p. 2.
 
32
Jersey Financial Services Commission, Information Sharing Agreement (2016).
 
33
Van de Does de Willebois et al. (2011), pp. 75–76 and OECD congratulates Jersey’s Chief Minister July 2013.
 
34
Jersey Finance commissioned Professor Jason Sharman to compile, ‘A Transparent Outlook’ Factsheet.
 
35
Sharman (2016).
 
36
OECD (2017).
 
37
Organisations such as the Tax Justice Network and the Centre for Global Development as well as NGOs such as Christian Aid and Oxfam have long been detractors of the jurisdiction.
 
38
Investment Consulting Associates (ICA) (2013), Full Report Part 2 – Jersey’s FDI Assessment p. 13.
 
39
Debono et al. (2016).
 
40
Evans et al. (2016).
 
41
Sharman (2016).
 
42
Evans et al. (2016).
 
43
Chaloner et al. (2014), pp. 4–5.
 
44
Cobham (2014), p. 23.
 
45
Ibid.
 
46
Ibid.
 
47
Maya Forstater discusses the ‘Blowing the Whistle’ report in her blog post on ‘Swissplotation’.
 
48
Ibid.
 
49
Chaloner et al. (2014), pp. 4–5.
 
50
Ibid, p. 10.
 
51
Ibid, pp. 4–5.
 
52
United Nations Conference on Trade and Development (2005) and International Finance Corporation (2016).
 
53
Snowdon (2012), p. 6.
 
Literatur
Baker RW (2005) Capitalism’s achilles heel: dirty money and how to renew the free-market system. Wiley, Hoboken
Berkhout E (2016) Tax battles: the dangerous global race to the bottom on corporate tax. Oxfam International, Oxford
Chaloner J, Dreisin A, Evans A, Phelan J, Pragnell S (2014) Jersey’s value to Africa, the role for international financial centres in delivering sustainable growth in developing countries. Capital Economics Limited, London
Debono M, Dresin A, Evans A, Phelan J, Pragnell M (2016) Jersey’s value to Europe. Capital Economics, London
Evans A, Lund R, Pragnell M (2016) Jersey’s value to Britain, 2nd edn. Capital Economics, London
Findley M, Nielson D, Sharman J (2014) Global shell games: experiments in transnational relations, crime and terrorism. Cambridge University Press, Cambridge
House of Commons International Development Committee (2016) Tackling corruption overseas Fourth Report of Session 2016–2017. House of Commons, London
Nitsch V (2015) Trillion dollar estimate: illicit financial flows from developing countries. Darmstadt University, p 15
Oxfam (2000) Tax havens: releasing the hidden billions for poverty eradication. Oxfam International, Oxford
Sharman JC (2016) Solving the beneficial ownership conundrum: central registries and licensed intermediaries. Jersey Finance Limited, Jersey
Sharman JC (2017) The despot’s guide to wealth management: on the international campaign against grand corruption. Cornell University Press, Ithaca
Van der Does de Willebois E, Halter EM, Harrison RA, Won Park J, Sharman JC (2011) The puppet masters: how the corrupt use legal structures to hide Stolen Assets and what to do about it. World Bank Publications, Washington
Metadaten
Titel
The Value of IFCS and Focusing on Facts Rather than Fiction
verfasst von
Geoff Cook
Copyright-Jahr
2018
Buch
Integration and International Dispute Resolution in Small States

Print ISBN: 978-3-319-74572-5

Electronic ISBN: 978-3-319-74573-2

Copyright-Jahr: 2018

DOI
https://doi.org/10.1007/978-3-319-74573-2_8