Re:Hacker Publishes 2TB of Data from Cayman National Bank
by egman_ekki on Monday November 18, 2019 @05:20PM
(#21568754)
I thought most OECD countries have rules for companies being tax liable at their "effective place of management" and "arms length" etc principles to prevent funneling money to tax havens. Or is it just the correct loopholes you need to know about to ignore all of this?
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Re:Hacker Publishes 2TB of Data from Cayman National Bank
by pas on Tuesday November 19, 2019 @03:02AM
(#21571339)
It's very much a big proxy war between big economies. Currently the countries benefit from tax havens where growth is the highest (because these investment/offshore vehicles/vessels are low tax and the yields are reinvested, and the tax is reaped by the country where it gets invested; even if the profit was originally from a different country - but it's transferred to the tax haven via various schemes, like the intellectual property royalty payments and so on.)