Regulation, Risk & Compliance
Tax
Uncategorized
Have tax havens had their day in the sun?
Until recently investors could make a cardinal distinction between tax evasion and tax avoidance.Evasion was, by definition, illegal. It meant concealing income from the authorities as a way of circumventing tax obligations. Such action was and remains a criminal offence. Avoidance, in contrast, referred to legitimate tax planning. At its…
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