Tag: regulatory arbitrage
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Many large corporations use “legal” structures and secrecy jurisdictions to avoid or reduce their tax commitments or to hide beneficial ownership:Discuss how this undermines financial regulation and frustrates tax collection.
Description Many large corporations use “legal” structures and secrecy jurisdictions to avoid or reduce their tax commitments or to hide beneficial ownership. Discuss how this undermines financial regulation and frustrates tax collection. Also discuss the adverse impacts on small businesses, governments and citizens in the jurisdictions where the tax is not paid and also the…