LEADER 03932nam 2200613 a 450 001 9910964767603321 005 20251117080256.0 010 $a1-62100-505-4 035 $a(CKB)2670000000148736 035 $a(EBL)3021396 035 $a(SSID)ssj0000693698 035 $a(PQKBManifestationID)12260935 035 $a(PQKBTitleCode)TC0000693698 035 $a(PQKBWorkID)10665947 035 $a(PQKB)11260990 035 $a(MiAaPQ)EBC3021396 035 $a(Au-PeEL)EBL3021396 035 $a(CaPaEBR)ebr10683054 035 $a(OCoLC)777549387 035 $a(BIP)44321146 035 $a(BIP)26968908 035 $a(EXLCZ)992670000000148736 100 $a20090717d2009 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aTax haven banks /$fWade D. Brookins, editor 205 $a1st ed. 210 $aHauppauge, N.Y. $cNova Science Publishers$dc2009 215 $a1 online resource (500 p.) 225 1 $aFinancial institutions and services series 300 $aIncludes index. 311 08$a1-60692-283-1 320 $aIncludes bibliographical references and index. 327 $aTax 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. 330 $aThis 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 $100 billion in tax revenues due to offshore tax abuses. Offshore tax havens today hold trillions of dollars in assets provided by citizens of other countries, including the United States. A related issue is the extent to which financial institutions in tax havens may be facilitating international tax evasion. About 50 tax havens operate in the world today with their twin hallmarks being secrecy and tax avoidance. Billions and billions of dollars worth of U.S. assets find their way into these secrecy tax havens, aided by banks, trust companies, accountants, lawyers, and from offshore tax abuses. This book discusses such sources of tax havens, as well as the steps that the IRS has taken to alleviate this problem. 410 0$aFinancial institutions and services. 606 $aTax evasion$zUnited States 606 $aTax havens 606 $aBanks and banking, Foreign$xTaxation$zUnited States 615 0$aTax evasion 615 0$aTax havens. 615 0$aBanks and banking, Foreign$xTaxation 676 $a343.7305/23 701 $aBrookins$b Wade D$01864766 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910964767603321 996 $aTax haven banks$94471692 997 $aUNINA