THE USE OF OFFSHORE JURISDICTIONS IN INTERNATIONAL FINANCIAL FITTINGS
Journal Title: Challenges of the Knowledge Society - Year 2012, Vol 2, Issue 0
Abstract
Essential legal and financial Structures, sometimes complex, had until recently been small and medium entrepreneurs away from the use of offshore jurisdictions, but the constraints of increasingly heavy taxation of excessive in certain States, you push even those with limited resources to use in these jurisdictions to protect revenue. The purpose of this research is to analyze the offshore jurisdictions in order to determine the possibilities of use of their disadvantages in order to improve measures to combat tax evasion, as well as for the use of their advantages in order to reduce illegal migration and regular employment of capital through the analysis of specific cases of the use of offshore jurisdictions – Case Frabklin Jurado, The Bank of Commerce and Credit InternationalAmerican Express Bank International. Scientific novelty and originality of the investigation consists of: -the identification on the basis of international practice, some offshore jurisdictions specific items in order to reflect their fiscal policies (trade and investment, etc.) -analysis of cases of the use of offshore jurisdictions in international financial fittings (such as the Bank of Credit and Commerce International; Franklin Jurado; American Express Bank International), -identification of the impact paradisurilor tax and offshore financial centres of the world economy – revealing secret financial transactions carried out within the framework of ofssore, research instruments jurisdictions and management techniques of cadrulacestor tax jurisdictions. It is interesting to be seen through the prism of analysis of economic-fiscal financiare if a competition is beneficial or not for the welfare of States and to what extent this competition will have a say in future developments and tax paradisurilor finanaciare offshore centres. In conclusion, I appreciate that in order to survive successfully in the global economy of the future, offshore Jurisdictions should promote a healthy tax, competing on the basis of a transparent legislation and to eliminate the possibility of the existence of financial crime, in line with the requirements concerning cooperation in the field of international economic relations.
Authors and Affiliations
DANIELA RADU
Keywords
Related Articles
- EP ID EP132789
- DOI -
- Views 124
- Downloads 0
FINANCING INNOVATION IN ROMANIA
This article based on an examination of empirical literature, analyses the financing of innovative enterprises in Romania and presents the characteristics of Romanian policies in this regard. It sets forth an estimation...
THE ROLE OF INFORMATION TECHNOLOGY IN BUSINESS GROWTH PERFORMANCE IN KOSOVA
As a result of rapid development of information technology and its fast application in the economy and business processes, it has come to the transformation of industrial society to information society while the informat...
BUSINESS INITIATIVE FOR CREATING COMPETITIVE ADVANTAGE THROUGH INFORMATION TECHNOLOGY
To achieve economic and social development, as well as high standards of living should be paid special attention to the development of information society and spreading the use of information technology. Countries around...
GENERAL CONSIDERATION REGARDING EU LAW IN THE DOMAIN OF CULTURAL HERITAGE
The cultural heritage is a rich and diverse mosaic of cultural and creative expressions, our inheritance from previous generations of people and our legacy for those to come. In the terms of the Convention concerning the...
NEW CHALLENGES FOR TRADE PROMOTION ACTIVITY IN ACTUAL GLOBAL WORLD ECONOMIC FRAMEWORK
Export promotion strategy has to play play an important part in the development strategies of countries, especially of developing countries that seek to make exports an engine for economic growth. General category of Tra...