03932nam 2200613 a 450 991096476760332120251117080256.01-62100-505-4(CKB)2670000000148736(EBL)3021396(SSID)ssj0000693698(PQKBManifestationID)12260935(PQKBTitleCode)TC0000693698(PQKBWorkID)10665947(PQKB)11260990(MiAaPQ)EBC3021396(Au-PeEL)EBL3021396(CaPaEBR)ebr10683054(OCoLC)777549387(BIP)44321146(BIP)26968908(EXLCZ)99267000000014873620090717d2009 uy 0engur|n|---|||||txtccrTax haven banks /Wade D. Brookins, editor1st ed.Hauppauge, N.Y. Nova Science Publishersc20091 online resource (500 p.)Financial institutions and services seriesIncludes index.1-60692-283-1 Includes bibliographical references and index.Tax haven banks and U.S. tax compliance staff report Permanent Subcommittee on Investigations United States Senate (staff report, Permanent Subcommittee on Investigations, United States Senate) (Carl Levin and Norm Coleman) -- Permanent Subcommittee on Investigations Issues report on tax haven banks hiding billions from the IRS (Carl Levin) -- Written testimony of Douglas Shulman (internal revenue) before the Senate Committee on Homeland Security and Governmental Affairs' Permanent Subcommittee on Investigations hearing on tax haven financial institutions: their formation and administration of offshore entities and accounts for use by U.S. clients -- Statement of Kevin J. O'Connor (United States Dept. of Justice) before the United States Senate Committee on Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations hearing entitled "tax haven banks and U.S. tax compliance" -- Opening statement of Senator Carl Levin before U.S. Senate Permanent Subcommittee on Investigations on tax haven banks and U.S. tax compliance -- Opening statement Senator Norm Coleman: tax haven banks and U.S. tax compliance -- Exhibit list: hearing on tax haven banks and U.S. tax compliance.This book provides information on an issue of critical importance to tax administration in this country; the practice of sheltering U.S. earned income in foreign jurisdictions as a means of avoiding U.S. taxation. Each year, the United States loses an estimated $100 billion in tax revenues due to offshore tax abuses. Offshore tax havens today hold trillions of dollars in assets provided by citizens of other countries, including the United States. A related issue is the extent to which financial institutions in tax havens may be facilitating international tax evasion. About 50 tax havens operate in the world today with their twin hallmarks being secrecy and tax avoidance. Billions and billions of dollars worth of U.S. assets find their way into these secrecy tax havens, aided by banks, trust companies, accountants, lawyers, and from offshore tax abuses. This book discusses such sources of tax havens, as well as the steps that the IRS has taken to alleviate this problem.Financial institutions and services.Tax evasionUnited StatesTax havensBanks and banking, ForeignTaxationUnited StatesTax evasionTax havens.Banks and banking, ForeignTaxation343.7305/23Brookins Wade D1864766MiAaPQMiAaPQMiAaPQBOOK9910964767603321Tax haven banks4471692UNINA