RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Via Anarcho-Capitalists' Forum: As tax havens disappear, global revenue wars begin Sat Oct 17, 2015 3:57 am | |
| We are entering a new world of tax revenue wars, and no one can say who will emerge as the victor.
All we know is that there will be tension over the next five years as governments seek to implement the global plan to end to tax havens from Luxembourg to Bermuda.
The Organisation for Economic Co-operation and Development plan - known as Base Erosion and Profit Shifting (BEPS) – will put an end to non-taxation.
From the OECD's perspective, in a world where there's no longer zero tax, everyone's a winner. In practice, there's likely to be winners and losers.
Read more: http://www.smh.com.au/business/the-economy/as-tax-havens-disappear-global-revenue-wars-begin-20151012-gk7bg0.html#ixzz3ooGy1zub |
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