This book does not promote the use of tax haven structures, but rather explains why using such companies is entirely illegal. The author became alarmed by the number of clients they encountered who wanted to optimize 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 author proves the illegality of such schemes by dissecting international tax conventions authored by the OECD, along with legal judgments handed down by national courts, the European Court of Justice and other judicial bodies. He explains, 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 author back up their findings by citing hundreds of links to legal documents, academic analyses, judgments 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.
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