An Analysis of an Economy with Tax Arbitrage PDF Download

Author: Mitchell A. Post
Publisher:
ISBN:
Category : Tax shelters
Languages : en
Pages : 450

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Book Description

Author: Kieran Tahir
Publisher:
ISBN:
Category : Arbitrage
Languages : en
Pages : 112

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Book Description
This thesis conducts a critique of the political economy of international tax arbitrage. It seeks to address a limitation within the tax avoidance literature, which generally fails to critically examine the role of states and the state system in facilitating this widespread practice. Recognising that the practice of tax avoidance is ideologically and functionally grounded in the concept of arbitrage, this thesis calls for the reconceptualisation of tax avoidance as tax arbitrage. In doing so it draws upon a body of literature dedicated to political economic analysis, emphasising the entrenchment of the financial logic of arbitrage within state institutions. It adopts Aotearoa New Zealand as a case study to elucidate state-level justifications for the tax competitive behaviour that facilitates the global regime of tax arbitrage. This thesis seeks to establish that tax arbitrage is not merely peripheral behaviour as commonly suggested within mainstream academic discourse. It does so by providing an account of the global apparatus, institutions and logical foundations of the offshore financial network within which international tax arbitrage takes place. It demonstrates the extensive planning and coordination that is characteristic of this global network. Furthermore, this thesis argues that the actions of the wealth managers and offshore clientele that utilise this network have engendered a radical transformation of the state form that is today fundamental to the operation of the global economy. Governments around the world are significantly impacted by the loss in revenue that this has brought about, inhibiting their ability to provide essential services, undermining democratic legitimacy and threatening the rule of law. Against a backdrop of soaring global inequality, this thesis seeks to understand the key political and economic dynamics that prevent tax arbitrage from being effectively challenged. In light of such consequences, this thesis argues for the development of policy mechanisms capable of effectively regulating tax arbitrage. Ultimately, this thesis presents a progressive internationalist vision for the taxation of capital in order to curtail the dominance that the tax arbitrage regime has over the global political landscape.

Author: Simon James
Publisher: Taylor & Francis US
ISBN: 9780415188043
Category : Business & Economics
Languages : en
Pages : 514

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Book Description

Author: Gaspar Lopes Dias V.S.
Publisher: Kluwer Law International
ISBN: 9789041158758
Category : Law
Languages : en
Pages : 0

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Book Description
This book explores tax arbitrage opportunities resulting from financial engineering techniques with cross-border financial instruments such as hybrids, synthetics, and non-traditional financial instruments. Firstly the author clarifies the concept of three kinds of complex financial instruments, and thereafter he discusses the most adequate tax treatment of these instruments in cross-border situations. For this purpose he identifies economic substance as an objective benchmark for the taxation of financial instruments to achieve greater international tax neutrality, and examines the role of the expected return taxation theory. The book also contains a comparative analysis of relevant developments in a number of jurisdictions, including Australia, Belgium, Brazil, Luxembourg, Portugal, UK and USA.

Author: Michael L. Smith
Publisher:
ISBN:
Category :
Languages : en
Pages : 31

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Author: Nigel Feetham
Publisher: Spiramus Press Ltd
ISBN: 1907444432
Category : Business & Economics
Languages : en
Pages : 209

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Book Description
Press coverage has often shown little understanding of the distinction between tax avoidance and tax evasion, describing the legitimate behaviour of taxpayer banks, financial institutions and multinational businesses in emotive terms and often inaccurately. This book aims to look at tax arbitrage, and demystify its practice.

Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category :
Languages : en
Pages : 194

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Author: Assaf Razin
Publisher: University of Chicago Press
ISBN: 0226705889
Category : Business & Economics
Languages : en
Pages : 456

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Book Description
The increasing globalization of economic activity is bringing an awareness of the international consequences of tax policy. The move toward the common European market in 1992 raises the important question of how inefficiencies in the various tax systems—such as self-defeating tax competition among member nations—will be addressed. As barriers to trade and investment tumble, cross-national differences in tax structures may loom larger and create incentives for relocations of capital and labor; and efficient and equitable income tax systems are becoming more difficult to administer and enforce, particularly because of the growing importance of multinational enterprises. What will be the role of tax policy in this more integrated world economy? Assaf Razin and Joel Slemrod gathered experts from two traditionally distinct specialties, taxation and international economics, to lay the groundwork for understanding these issues, which will require the attention of scholars and policymakers for years to come. Contributors describe the basic provisions of the U.S. tax code with respect to international transactions, highlighting the changes contained in the U.S. Tax Reform Act of 1986; explore the ways that tax systems influence the decisions of multinationals; examine the effect of taxation on trade patterns and capital flows; and discuss the implications of the opening world economy for the design of optimal international tax policy. The papers will prove valuable not only to scholars and students, but to government economists and international tax lawyers as well.

Author: Patrick Honohan
Publisher: World Bank Publications
ISBN: 9780821354346
Category : Business & Economics
Languages : en
Pages : 476

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Book Description
This book examines the options for, and obstacles to, successful financial sector tax reform, both in terms of theoretical and practical aspects. Issues discussed include: the design of optimal tax schemes, the role of imperfect information and the links between taxation and saving, inflation, the income tax treatment of intermediary loan-loss reserves, deposit insurance, VAT and financial transactions taxes; as well as current practice in the industrial world and case studies of distorted national systems. This is a co-publication of the World Bank and Oxford University Press.

Author: David F. Bradford
Publisher: A E I Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 68

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Book Description
This study explores how the tax design called the X tax could alleviate the complexities and avoidance opportunities plaguing the existing U.S. system for taxing international business income.