MODERN INTERNATIONAL BANKING REGULATION: IS OFFSHORE BANKING NEAR TO ITS END?
Journal Title: FBIM Transactions - Year 2018, Vol 0, Issue 2
Abstract
One of the key reasons influencing the existence of existing ones and the development of new offshore centers and offshore banks is the sluggishness in global tax harmonization, as well as a lack of interest among many countries to harmonize tax rates and fiscal policy, i.e. rapid tax competition. Tax competition carries with it both harm and benefit. The harm of tax competition is primarily due to the effects of secrecy and illegal transfer pricing. The benefits of tax competition on a global scale are most evident in the growth of investment investments in countries with high tax rates and in the accelerated economic development of tax heavens. Whether in the future, both offshore banking and offshore banks maintain the role they currently have – as leverage for accelerating international trade and international financing – this is the main topic of this paper. To comprehensively examine it, the current banking regulation has been analyzed. Research efforts have been made to identify trends molding international banking regulation, particularly the practice of the most important organizations in this domain: The Organization for Economic Co-operation and Development (OECD).
Authors and Affiliations
Ivan Milenković
Keywords
Related Articles
- EP ID EP506419
- DOI 10.12709/fbim.06.06.02.08
- Views 78
- Downloads 0
MOGUĆNOSTI IMPLEMENTACIJE DSS-A U PROCESU ODRŽAVANJA MAŠINA
U ovom radu je predstavljen projekat izrade sistema za preventivno održavanje vozila koji je urađen na osnovu zahteva Udruženja prevoznika Novi Pazar, a koji je finansiran od strane ABC Investment Corporation koja sprovo...
INFORMATION SECURITY IN BOSNIA AND HERZEGOVINA
At present, information security is most commonly associated with various Internet threats such as hacking attacks, viruses, or various other applications that have the potential to harm our computer, information system,...
IMPROVING INFORMATION SYSTEMS BY USE OF Wi-Fi STANDARD
This paper presents the importance of using Wi-Fi technology and other IT equipment in business organizations. The use of new technologies and equipment has led to the improvement of information systems. The Wi-Fi standa...
STATE AND MARKET REFORMS
Almost a quarter of a century since the beginning of market reforms, the transition of the Serbian economy into a modern and functional market economy has not been completed and we are re-dealing with the reasons why and...
CHALLENGE OF THE ABUSE OF INFORMATION TECHNOLOGIES FOR PUBLIC INFORMATION
In this article, we view public information as a process of making available data and information through their distribution, primarily in cyberspace. Given that information is the fundamental right of every individual a...