Offshore Apocalypse - The Collapse of the Tax Haven Industry by An Oracle

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Synopsis The E-BOOK version (e.g. KINDLE edition) can be purchused at OFFSHORE APOCALYPSE: The Collapse of the Tax Haven Industry delivers a jolt of reality to people who have sunk their money into the multi-trillion dollar offshore tax-shelter business. This timely and incisive book exposes the tax haven industry for what it truly is - a vehicle for fraud. It lays bare the falsehoods that offshore promoters use to lure in clients - namely, that shell companies based in tax havens are a perfectly legal way for them to avoid tax obligations in their home countries. And it follows the fate of people who have taken these promises at face value - from the boardrooms of multinational companies to the prison cells where hundreds of them sit today. 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 along with legal judgments. They explain, in plain English, why tax haven abuse is illegal. OFFSHORE APOCALYPSE is required reading for anyone who currently is using tax havens and also for their attorneys, bankers, consultants or even their business partners, any of whom may unwittingly find themselves caught in money-laundering investigations. The good news is that the book outlines solutions as well.

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Published January 1, 2012 700 pages
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