Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Identify the strategies used on various offshore banking platforms. Theory Bulk of financial activity (borrowing and lending) is offshore Transactions are typically initiated outside of

Identify the strategies used on various offshore banking platforms.

Theory Bulk of financial activity (borrowing and lending) is offshore Transactions are typically initiated outside of financial ctr Majority of the financial institutions involved are controlled by nonresidents doing business with nonresidents Centers typically offer low or zero taxation Found in Aruba, Bahamas, Bahrain, Barbados, Bermuda, Cayman Islands, Hong Kong, Lebanon, Liberia, the Netherlands Antilles, Panama, Singapore, Vanuata, the West Indies, Mauritius and others

Used for tax avoidance and crime so BIS, OECD and EU have joined forces to supervise activities

Constrast with DIFC and ADGM.

Research Select one of the above countries and state its main attractions. For instance, Mauritius enable traders with India to reduce their taxes
Recommendation Explain how to use this platform in an ethical manner

400-1000 words

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance

Authors: Harvey Rosen, Robert Guell, Ted Gayer

9th Edition

0073511358, 9780073511351

More Books

Students also viewed these Finance questions

Question

A 300N F 30% d 2 m Answered: 1 week ago

Answered: 1 week ago