Some legal challenges affecting offshore trusts post 2008 financial crisis

Some legal challenges affecting offshore trusts post 2008 financial crisis

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 be...

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Main Author: Hingun, Mohsin
Format: Conference or Workshop Item
Language:English
English
Published: 2014
Subjects:
K Law (General)
Online Access:http://irep.iium.edu.my/49236/
http://irep.iium.edu.my/49236/
http://irep.iium.edu.my/49236/2/ICSSAM_2014.pdf
http://irep.iium.edu.my/49236/3/ICSSM_2014_Some_Legal_Challenges_Affecting_Offshore_Trusts_post_2008_Financial_Crisis.pdf
id iium-49236
recordtype eprints
spelling iium-492362016-05-06T06:44:46Z http://irep.iium.edu.my/49236/ Some legal challenges affecting offshore trusts post 2008 financial crisis Hingun, Mohsin K Law (General) 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 2014 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/49236/2/ICSSAM_2014.pdf application/pdf en http://irep.iium.edu.my/49236/3/ICSSM_2014_Some_Legal_Challenges_Affecting_Offshore_Trusts_post_2008_Financial_Crisis.pdf 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 (Unpublished) http://www.iccbes.org/Upload/EditorFiles/201404/20140402171402320.pdf
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
English
topic K Law (General)
spellingShingle K Law (General)
Hingun, Mohsin
Some legal challenges affecting offshore trusts post 2008 financial crisis
description 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
format Conference or Workshop Item
author Hingun, Mohsin
author_facet Hingun, Mohsin
author_sort Hingun, Mohsin
title Some legal challenges affecting offshore trusts post 2008 financial crisis
title_short Some legal challenges affecting offshore trusts post 2008 financial crisis
title_full Some legal challenges affecting offshore trusts post 2008 financial crisis
title_fullStr Some legal challenges affecting offshore trusts post 2008 financial crisis
title_full_unstemmed Some legal challenges affecting offshore trusts post 2008 financial crisis
title_sort some legal challenges affecting offshore trusts post 2008 financial crisis
publishDate 2014
url http://irep.iium.edu.my/49236/
http://irep.iium.edu.my/49236/
http://irep.iium.edu.my/49236/2/ICSSAM_2014.pdf
http://irep.iium.edu.my/49236/3/ICSSM_2014_Some_Legal_Challenges_Affecting_Offshore_Trusts_post_2008_Financial_Crisis.pdf
first_indexed 2023-09-18T21:09:37Z
last_indexed 2023-09-18T21:09:37Z
_version_ 1777411165133996032

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