Amedzro St-Hilaire, Walter,
Advanced governing for capital flight / Walter Amedzro St-Hilaire. - 1 online resource.
The Dimensions and Flaws of Tax Evasion -- A Finance Greatly Marked by Offshore -- The Limits of International Financial Statistics on Offshore Practices -- The Role of Bleaching Mechanisms -- Diversification of Countermeasures and Strengthening Them -- Worrying Business for Banks' Reputations -- An Opportunistic Nonfinancial Sector and Deterritorialized Financial Entities -- Countermeasures to be Confirmed in the Face of Tax Optimization -- The Taxation of the Financial Sector, An Opacity to Overcome -- What is the Real Tax Contribution Rate of Banks? -- The Proven Role of Intermediaries in Tax Evasion -- Regulation of Intermediaries Does Not Prevent Massive Tax Evasion -- Focus on Intelligence and Action Against Clandestine Financial Circuits -- A Timid Shift in the Mindset Sets and Practices of Intermediaries -- Learn More About the Mechanisms to Better Combat Capital Evasion -- Strengthening the Powers and Involvement of the Judiciary in the Fight Against Capital Evasion.
"This volume takes an in-depth look at the economic issue of capital flight and outlines strategic methods to address the problem of international tax evasion and bank secrecy. In order to address these issues, the book explores the development prospects of tax evasion governance and identifies obstacles to the efficiency of current tax policies. In order to overcome the capital flight issue, all lines of attack need to be examined, states the author. There is a need to establish responsibility, to set priorities for action that significantly reduces the incentives for capital outflows of this kind, and to seek international consensus. International tax evasion has undermined the credibility of political and administrative systems. This volume lays the foundation for creating an institutional framework that provides transparency of control systems in the face of the guilty roles of tax evasion actors. This requires an effort of economic intelligence that involves mobilizing statistical resources and exploiting them in order to finely identify deviating situations and risk. Key features of the book: captures the richness and diversity of tax evasion strategies, provides an understanding of the prospects of capital flight policies, identifies the stakeholders' implications in order to provide a global solution to government, develops a rigorous approach to the problem of tax evasion and the capital flight process. Advanced Governing for Capital Flight posits that when combined, the initiatives offered in the volume will be the powerful blow to bank secrecy. Aimed as much at the neophyte as at the insider who questions the tax evasion strategies, this book, very ambitious by its specificity, is intended primarily for those who will be called upon to work in the fields of tax evasion and capital flight policies."--
9781003003083 1003003087 9781000754179 1000754170 9781000754308 1000754308 9781000754438 100075443X
Tax evasion.
Capital movements.
Capital flight tax.
BUSINESS & ECONOMICS / Business Law
BUSINESS & ECONOMICS / Corporate Finance
BUSINESS & ECONOMICS / Finance
HV6341
364.1/338
Advanced governing for capital flight / Walter Amedzro St-Hilaire. - 1 online resource.
The Dimensions and Flaws of Tax Evasion -- A Finance Greatly Marked by Offshore -- The Limits of International Financial Statistics on Offshore Practices -- The Role of Bleaching Mechanisms -- Diversification of Countermeasures and Strengthening Them -- Worrying Business for Banks' Reputations -- An Opportunistic Nonfinancial Sector and Deterritorialized Financial Entities -- Countermeasures to be Confirmed in the Face of Tax Optimization -- The Taxation of the Financial Sector, An Opacity to Overcome -- What is the Real Tax Contribution Rate of Banks? -- The Proven Role of Intermediaries in Tax Evasion -- Regulation of Intermediaries Does Not Prevent Massive Tax Evasion -- Focus on Intelligence and Action Against Clandestine Financial Circuits -- A Timid Shift in the Mindset Sets and Practices of Intermediaries -- Learn More About the Mechanisms to Better Combat Capital Evasion -- Strengthening the Powers and Involvement of the Judiciary in the Fight Against Capital Evasion.
"This volume takes an in-depth look at the economic issue of capital flight and outlines strategic methods to address the problem of international tax evasion and bank secrecy. In order to address these issues, the book explores the development prospects of tax evasion governance and identifies obstacles to the efficiency of current tax policies. In order to overcome the capital flight issue, all lines of attack need to be examined, states the author. There is a need to establish responsibility, to set priorities for action that significantly reduces the incentives for capital outflows of this kind, and to seek international consensus. International tax evasion has undermined the credibility of political and administrative systems. This volume lays the foundation for creating an institutional framework that provides transparency of control systems in the face of the guilty roles of tax evasion actors. This requires an effort of economic intelligence that involves mobilizing statistical resources and exploiting them in order to finely identify deviating situations and risk. Key features of the book: captures the richness and diversity of tax evasion strategies, provides an understanding of the prospects of capital flight policies, identifies the stakeholders' implications in order to provide a global solution to government, develops a rigorous approach to the problem of tax evasion and the capital flight process. Advanced Governing for Capital Flight posits that when combined, the initiatives offered in the volume will be the powerful blow to bank secrecy. Aimed as much at the neophyte as at the insider who questions the tax evasion strategies, this book, very ambitious by its specificity, is intended primarily for those who will be called upon to work in the fields of tax evasion and capital flight policies."--
9781003003083 1003003087 9781000754179 1000754170 9781000754308 1000754308 9781000754438 100075443X
Tax evasion.
Capital movements.
Capital flight tax.
BUSINESS & ECONOMICS / Business Law
BUSINESS & ECONOMICS / Corporate Finance
BUSINESS & ECONOMICS / Finance
HV6341
364.1/338