Tax Havens , Major Tax Havens around the world.JASEEM LAL
What is a Tax Haven
OECD Criteria for a Tax Haven
Characteristics of a Tax Haven
Uses of a Tax Haven
Legal entities in a Tax Haven
Major Tax Havens around the world
Types of Tax Havens
Examples: Types of Tax Havens
# Cayman Islands
Effects of Tax Havens
Four Reasons Of Tax Havens Are Good
The response of Governments
OECD objectives
Is there a future for Tax Havens
Tax Havens , Major Tax Havens around the world.JASEEM LAL
What is a Tax Haven
OECD Criteria for a Tax Haven
Characteristics of a Tax Haven
Uses of a Tax Haven
Legal entities in a Tax Haven
Major Tax Havens around the world
Types of Tax Havens
Examples: Types of Tax Havens
# Cayman Islands
Effects of Tax Havens
Four Reasons Of Tax Havens Are Good
The response of Governments
OECD objectives
Is there a future for Tax Havens
The Presentation was focussed on the use of low or nil tax jurisdictions typically known to be as Tax Havens by Big Corporate to meticulously route their revenue and using instruments like Double Dutch Sandwich to evade taxes.
Mattia Corbetta - Crowdinvesting in Italy: a case studyOECD CFE
20-21 February 2018, Mexico City: Workshop on building business linkages that boost SME productivity. http://www.oecd.org/cfe/smes/workshop-on-building-business-linkages-that-boost-SME-productivity.htm
Fenin en colaboración con el departamento comercial UK Trade and Investment, de la Embajada británica en Madrid, han organizado un foro empresarial dirigido al sector de tecnología sanitaria, con el objetivo de evaluar los sistemas de compras de los sistemas sanitarios de España y Reino Unido (NHS), y conocer las oportunidades de negocio que el NHS representa para empresas españolas de tecnología sanitaria.
Tax haven is creating a lot of scope for money laundering and tax evasion. Money Laundering is treated as a crime whereas tax evasion is not treated as crime and there is no strict legal action. Tax haven affects in lower tax collection by countries. The money which should be spent on people is enjoyed by certain group of people.
The Presentation was focussed on the use of low or nil tax jurisdictions typically known to be as Tax Havens by Big Corporate to meticulously route their revenue and using instruments like Double Dutch Sandwich to evade taxes.
Mattia Corbetta - Crowdinvesting in Italy: a case studyOECD CFE
20-21 February 2018, Mexico City: Workshop on building business linkages that boost SME productivity. http://www.oecd.org/cfe/smes/workshop-on-building-business-linkages-that-boost-SME-productivity.htm
Fenin en colaboración con el departamento comercial UK Trade and Investment, de la Embajada británica en Madrid, han organizado un foro empresarial dirigido al sector de tecnología sanitaria, con el objetivo de evaluar los sistemas de compras de los sistemas sanitarios de España y Reino Unido (NHS), y conocer las oportunidades de negocio que el NHS representa para empresas españolas de tecnología sanitaria.
Tax haven is creating a lot of scope for money laundering and tax evasion. Money Laundering is treated as a crime whereas tax evasion is not treated as crime and there is no strict legal action. Tax haven affects in lower tax collection by countries. The money which should be spent on people is enjoyed by certain group of people.
Moving income around the world has been used for decades. Government are continuing to look at ways to shut down tax shelters as part of managing their taxation programs.
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Board Governance, Stakeholder Focus and Integrated Reporting James Deiotte
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SA CONSULTANTS presents a New Webinar Series on Corporate Tax Under 30 Minutes
Join our free live sessions where we will have multiple market leaders speaking on corporate tax in the United Arab Emirates.
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Presentation by Sebsbie Fekade, Ansakech Lake and Ronald Waiswa at the second annual meeting of the Ethiopian Tax Research Network, which took place in Addis Ababa on 8th October 2018.
Corporate Governance and Performance of SOEs: Relevance for IraqOECDglobal
Corporate Governance and Performance of SOEs: Relevance for Iraq
State Owned Ensterprises
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Middle East and North Africa
Corporate Affairs Division, OECD
16 February, 2015, Paris, France
Corporate Governance and Performance of SOEs: Relevance for IraqOECDglobal
16 February – Project Working Group, Paris, France
Thematic session II: State-Owned Enterprises (SOEs) and Investment
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With IMC’s comprehensive action plan you can take control of VAT’s impact on people and organizations, processes and controls, and data and technology.
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Debt Restructuring and Cross Class Cram Down rule.pptxLyla Latif
These slides consider debt restructuring; its conditions and key stages, and the CCCD (cross-class cram down) rule through which a restructuring plan can at the discretion of the court be imposed on an entire class of dissenting creditors or members. Several restructuring plans are examined modelled along equity preservation, equity dilution and other options set out under the UK's Corporate Insolvency and Governance Act 2020.
This is a course outline that I prepared for teaching at the University of Nairobi. Content is built around discussion the meaning and types of pensions available, their regulatory framework, examining pension issues as part of human right and employment laws.
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The process of register multi-state cooperative society in India is governed by the Multi-State Co-operative Societies Act, 2002. This process requires the office bearers to undertake several crucial responsibilities to ensure compliance with legal and regulatory frameworks. The key office bearers typically include the President, Secretary, and Treasurer, along with other elected members of the managing committee. Their responsibilities encompass administrative, legal, and financial duties essential for the successful registration and operation of the society.
Military Commissions details LtCol Thomas Jasper as Detailed Defense CounselThomas (Tom) Jasper
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A "File Trademark" is a legal term referring to the registration of a unique symbol, logo, or name used to identify and distinguish products or services. This process provides legal protection, granting exclusive rights to the trademark owner, and helps prevent unauthorized use by competitors.
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ALL EYES ON RAFAH BUT WHY Explain more.pdf46adnanshahzad
All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
INTRODUCTION
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These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
The slides was well structured along with the highlighted points for better understanding .
How to Obtain Permanent Residency in the NetherlandsBridgeWest.eu
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The Main Procedures for Obtaining Cypriot Citizenship
Global Wealth Chains and Double Taxation Agreements
1. Global Wealth Chains: The Kenyan Experience of
the Unwilling Tax Payer
Laila A. Latif
Graduate Student, University of Duisburg Essen
UCSIA INTERNATIONAL WORKSHOP
Taxation and Trust: Legitimising Redistributive Tax Policies
6-8 May 2015, Antwerp
3. The Argument
• Individuals and companies in Kenya pay taxes.
• However, there is a mismatch between the economic activities carried out in
the country by the MNC and what is reflected in its audited books of account.
4. Reason?
• MNCs will continue to engage with African countries because of their
interest in natural resources and will strive to maximise their share of
profits.
• MNCs activities in Africa are generally profitable.
• The objective of MNCs is to maximise profits on their operating entities or
subsidiaries in Africa and minimise the tax payable to revenue authorities of
African countries.
• They are therefore, involved in creating elaborate structures to move
profits through their subsidiaries to offshore centres to avoid paying
appropriate taxes to African countries.
5. Moving Profits Through Global Wealth Chains
• Global Wealth Chains (GWC)
• Repackaging and disguising wealth in order to move it out of the spheres
of state oversight, regulation and taxation through;
• Shell companies, and
• Subsidiaries
6. GWC and the STEAL Project
• GWC is a theory that explains how wealth is;
• Created; Complexity of transactions
• Maintained, and through Regulation
• Governed. Innovation capacity among suppliers
Explained through the 5 types of global wealth chains
9. GWC and Global
Value Chains
• The difference between GVC and GWC is
like the Yin to the Yang
• A value chain is a string of companies
working together to satisfy market
demands for a particular product.
• GVC are important in understanding
production; removing trade barriers;
information and activities are transparent
• GWC work to hide, obscure and relocate
wealth.
• GWCs are further facilitated by Double
Taxation Agreements.
10. How certain provisions of DTAs result in GWCs:
The Kenyan Experience
• Permanent Establishment
• Affiliates
• Source rules
• E-Commerce
• Management Fees and Royalties
• Accountability
11. GWCs: Legitimacy Issues
• No law/rule, no wrong: The case of Unilever Kenya Limited versus
Commissioner of Taxes: The state lost the TP case against the MNC
because of the lack of clear TP rules
• Subsidiaries
• Intellectual Property Law on royalties and Contract Law
12. Effect on Citizens Level of Trust: Different Perspectives
from Legal Officers and Farmers at the Coastal Province
• Same directors, different company names; money moving in circles
• Example: Company buying sugar cane from farmers at a different rate than what is
indicated on the invoices and the expense accounts
• Moving goods between parent company and subsidiaries through a tax haven
• Shareholders are companies registered in tax havens
• Inconsistent tax legislation
• Engaging in corruption;
• Bribery at official level;
• Campaign financing
13. Conclusion
• Is a law on access to information sufficient to address the concerns of tax
evasion practices in Kenya?
• Can the slow move towards full decentralisation in Kenya provide room for
MNCs to further evade taxes?