Offshore Apocalypse written by a group of tax-law academics, tax auditors, compliance officers and tax lawyers under the pseudonym "An Oracle." The book does not promote the use of tax haven structures, but rather explains why using such companies is entirely illegal. The authors became alarmed by the number of clients they encountered who wanted to optimise their taxes by setting up fake companies in foreign tax havens. These firms would be nothing but a mailbox – one that could be shared by hundreds of other corporations whose owners are similarly trying to dodge taxes.
The authors prove the illegality of such schemes by dissecting international tax conventions authored by the Organisation for Economic Cooperation and Development, along with legal judgments handed down by national courts, the European Court of Justice and other judicial bodes. They explain, in plain English, why tax haven abuse is illegal; in many cases, it should have been considered illegal long ago, but state authorities have not enforced the laws effectively. The authors back up their findings by citing hundreds of links to legal documents, academic analyses and news articles.
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by An Oracle
This book is required reading for anyone who is using tax havens and also for their attorneys, bankers, consultants or their business partners, any of whom may unwittingly find themselves caught up in money-laundering investigations. The good news is, the book outlines solutions for people who may find themselves facing charges.
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