Offshore Finance and Small States

Offshore Finance and Small States PDF Author: W. Vlcek
Publisher: Springer
ISBN: 0230234925
Category : Political Science
Languages : en
Pages : 215

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Book Description
One path towards development taken by a number of small jurisdictions is the establishment of an offshore financial centre. This text analyses the actual economic contribution for several small Caribbean economies and the impact to continued operation arising from an international initiative for the exchange of taxpayer information.

Offshore Finance and Small States

Offshore Finance and Small States PDF Author: W. Vlcek
Publisher: Springer
ISBN: 0230234925
Category : Political Science
Languages : en
Pages : 215

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Book Description
One path towards development taken by a number of small jurisdictions is the establishment of an offshore financial centre. This text analyses the actual economic contribution for several small Caribbean economies and the impact to continued operation arising from an international initiative for the exchange of taxpayer information.

Banking and Finance in Islands and Small States

Banking and Finance in Islands and Small States PDF Author: Michael Bowe
Publisher: Routledge
ISBN: 1317741056
Category : Business & Economics
Languages : en
Pages : 315

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Book Description
This collection of essays analyzes the special characteristics of the banking and financial sectors in islands and small states, and focuses on three main areas: the general financial environment; offshore financial centres; and banking and financial regulation. The main emphasis is on territories where banking and financial activity make a substantial contribution to gross domestic product.

The Diplomacies of Small States

The Diplomacies of Small States PDF Author: Andrew Fenton Cooper
Publisher:
ISBN: 9780333717080
Category : International organization
Languages : en
Pages : 291

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Book Description


The Hidden Wealth of Nations

The Hidden Wealth of Nations PDF Author: Gabriel Zucman
Publisher: University of Chicago Press
ISBN: 022624556X
Category : Business & Economics
Languages : en
Pages : 142

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Book Description
We are well aware of the rise of the 1% as the rapid growth of economic inequality has put the majority of the world’s wealth in the pockets of fewer and fewer. One much-discussed solution to this imbalance is to significantly increase the rate at which we tax the wealthy. But with an enormous amount of the world’s wealth hidden in tax havens—in countries like Switzerland, Luxembourg, and the Cayman Islands—this wealth cannot be fully accounted for and taxed fairly. No one, from economists to bankers to politicians, has been able to quantify exactly how much of the world’s assets are currently hidden—until now. Gabriel Zucman is the first economist to offer reliable insight into the actual extent of the world’s money held in tax havens. And it’s staggering. In The Hidden Wealth of Nations, Zucman offers an inventive and sophisticated approach to quantifying how big the problem is, how tax havens work and are organized, and how we can begin to approach a solution. His research reveals that tax havens are a quickly growing danger to the world economy. In the past five years, the amount of wealth in tax havens has increased over 25%—there has never been as much money held offshore as there is today. This hidden wealth accounts for at least $7.6 trillion, equivalent to 8% of the global financial assets of households. Fighting the notion that any attempts to vanquish tax havens are futile, since some countries will always offer more advantageous tax rates than others, as well the counter-argument that since the financial crisis tax havens have disappeared, Zucman shows how both sides are actually very wrong. In The Hidden Wealth of Nations he offers an ambitious agenda for reform, focused on ways in which countries can change the incentives of tax havens. Only by first understanding the enormity of the secret wealth can we begin to estimate the kind of actions that would force tax havens to give up their practices. Zucman’s work has quickly become the gold standard for quantifying the amount of the world’s assets held in havens. In this concise book, he lays out in approachable language how the international banking system works and the dangerous extent to which the large-scale evasion of taxes is undermining the global market as a whole. If we are to find a way to solve the problem of increasing inequality, The Hidden Wealth of Nations is essential reading.

Havens in a Storm

Havens in a Storm PDF Author: J. C. Sharman
Publisher: Cornell University Press
ISBN: 1501732900
Category : Political Science
Languages : en
Pages : 305

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Book Description
Small states have learned in recent decades that capital accumulates where taxes are low; as a result, tax havens have increasingly competed for the attention of international investors with tax and regulatory concessions. Economically powerful countries including France, Britain, Japan, and the United States, however, wished to stanch the offshore flow of domestic taxable capital. Since 1998 the Organisation for Economic Co-operation and Development (OECD) has attempted to impose common tax regulations on more than three dozen small states. In a fascinating book based on fieldwork and interviews in twenty-two countries in the Caribbean, North America, Europe, and islands in the Pacific and Indian Oceans, J. C. Sharman shows how the struggle was decided in favor of the tax havens, which eventually avoided common regulation. No other book on tax havens is based on such extensive fieldwork, and no other author has had access to so many of the key decision makers who played roles in the conflict between onshore and offshore Sharman suggests that microstates succeeded in their struggle with great powers because of their astute deployment of reputation and effective rhetorical self-positioning. In effect, they persuaded a transnational audience that the OECD was being untrue to its own values by engaging in a hypocritical, bullying exercise inimical to free competition.

Integration and International Dispute Resolution in Small States

Integration and International Dispute Resolution in Small States PDF Author: Petra Butler
Publisher: Springer
ISBN: 3319745735
Category : Law
Languages : en
Pages : 343

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Book Description
This book provides an insight into commercial relations between large economies and Small States, the benefits of regional integration, the role of Small States as financial centres as well as B2B and State to State dispute resolution involving Small States. Several contributions allow the reader to familiarise themselves with the general subject matter; others scrutinise the particular issues Small States face when confronted with an international dispute and discuss new and innovative solutions. These solutions range from inventive ideas to help economic growth to appropriate mechanisms of dispute resolution including inter-State dispute resolution and specific areas of arbitration such as tax arbitration. Researchers, policy advisors and practitioners will find a wealth of insights, information and practical ideas in this book.

Small States and International Security

Small States and International Security PDF Author: Clive Archer
Publisher: Routledge
ISBN: 1317755359
Category : Political Science
Languages : en
Pages : 290

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Book Description
This book explains what ‘small’ states are and explores their current security challenges, in general terms and through specific examples. It reflects the shift from traditional security definitions emphasizing defence and armaments, to new security concerns such as economic, societal and environmental security where institutional cooperation looms larger. These complex issues, linked with traditional power relations and new types of actors, need to be tackled with due regard to democracy and good governance. Key policy challenges for small states are examined and applied in the regional case studies. The book deals mainly with the current experience and recent past of such states but also offers insights for their future policies. Although many of the states covered are European, the study also includes African, Caribbean and Asian small states. Their particular interest and relevance is outlined, as is the connection between their security challenges and their smallness. Policy lessons for other states are then sought. The book is the first in-depth, multi-continent study of security as an aspect of small state governance today. It is novel in placing the security dilemmas of small states in the context of wider ideas on international and institutional change, and in dealing with non-European states and regions.

Re-imagining Offshore Finance

Re-imagining Offshore Finance PDF Author: Christopher M. Bruner
Publisher: Oxford University Press
ISBN: 0190466871
Category : Business & Economics
Languages : en
Pages : 265

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Book Description
In this book, Bruner canvasses extant theoretical frameworks used to describe and evaluate the roles of small jurisdictions in cross-border finance. He proposes a new conceptual framework that better captures the characteristics, competitive strategies, and market roles of those achieving global dominance in the marketplace - the "market-dominant small jurisdiction" (MDSJ). Bruner identifies the central features giving rise to such jurisdictions' competitive strengths - historical, cultural, and geographical - while reflecting development strategies pursued in light of those circumstances. Through this lens, he evaluates a range of small jurisdictions that have achieved global dominance in specialized areas of cross-border finance, including Bermuda, Dubai, Singapore, Hong Kong, Switzerland, and Delaware.

Small States in Multilateral Economic Negotiations

Small States in Multilateral Economic Negotiations PDF Author: Amrita Narlikar
Publisher: Routledge
ISBN: 1134927037
Category : Political Science
Languages : en
Pages : 108

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Book Description
This book addresses the puzzle, Can David take on Goliath in multilateral economic negotiations, and if so, then under what conditions? The question of how the weak bargain with the strong in international politics is exciting theoretically and empirically. In a world of ever-increasing interdependence, and also a time of economic crisis, it acquires even greater significance. With the help of issue-specific case studies, the volume offers new insights into the vulnerabilities that small states face in multilateral economic negotiations, and also mechanisms whereby these weaknesses might be overcome and even used as an advantage. The attention that this volume pays to questions of smallness and negotiation allow it to address a long-standing problem of international politics. The case studies, which cover monetary, financial, trade, and climate change negotiations, ensure a unique and valuable topicality to the volume. This book was published as a special issue of The Round Table.

Small States

Small States PDF Author: Commonwealth Secretariat
Publisher: Commonwealth Secretariat
ISBN: 1849290377
Category : Business & Economics
Languages : en
Pages : 256

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Book Description
This unique annual collection of key economic and statistical data on states with fewer than 5 million inhabitants is an essential reference for economists, planners and policy-makers working on issues of concern to small states. This volume contains 68 tables covering development indicators and 3 articles focusing on public private partnerships.