Some legal challenges affecting offshore trusts post 2008 financial crisis

Hingun, Mohsin (2014) Some legal challenges affecting offshore trusts post 2008 financial crisis. In: International Conference on Social Sciences and Management (ICSSAM 2014), 7th-9th May 2014, Kyoto , Japan. (Unpublished)

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Abstract

The phenomenal growth of offshore trusts valued in trillions of dollars at the end of the last century as a result of its ability to transfer and protect substantial sums of money from the settlor 19s country to overseas jurisdictions with the potential to save, reduce, avoid and evade taxes have been subjected to critical examination by tax authorities, the courts, non-governmental organisations and the media, especially in the years following the 2008 financial crisis. The objective of this paper to briefly introduce the nature and uses of offshore trusts and to focus on some of the important challenges they face in a hostile environment. An area of evolving interest is the secrecy issue inherent in offshore trusts which has been abused as veil for tax avoidance/tax evasion. KEYWORDS: Offshore trusts, 2008 Financial Crisis, Secrecy, Tax Avoidance

Item Type:	Conference or Workshop Item (Full Paper)
Additional Information:	5829/49236
Uncontrolled Keywords:	Offshore trusts, 2008 Financial Crisis, Secrecy, Tax Avoidance
Subjects:	K Law > K Law (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Ahmad Ibrahim Kulliyyah of Laws > Department of Civil Law
Depositing User:	Assoc Prof Dr Mohsin Hingun
Date Deposited:	06 May 2016 14:44
Last Modified:	06 May 2016 14:44
URI:	http://irep.iium.edu.my/id/eprint/49236

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