Tax haven banks / / Wade D. Brookins, editor

• Pubblicazione: Hauppauge, N.Y., : Nova Science Publishers, c2009
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (500 p.)
• Disciplina: 343.7305/23
• Soggetto topico: Tax evasion - United States; Tax havens; Banks and banking, Foreign - Taxation - United States
• Altri autori: BrookinsWade D
• Note generali: Includes index.
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: 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.
• Sommario/riassunto: 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.
• Titolo autorizzato: Tax haven banks
• ISBN: 1-62100-505-4
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910964767603321
• Lo trovi qui: Univ. Federico II
• Serie: Financial institutions and services.