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ArtikelTrouble Island; Tax Havens  
Oleh: [s.n]
Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8755 (Oct. 2011), page 55-56.
Topik: Tax Havens; International Banking; Treasuries
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: EE29.68
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelUnder intense international pressure to lift banking secrecy, the first and biggest of the world's "tax havens"--places that charge low or no taxes to foreigners--is ceding some ground. In a deal signed on October 6th, Switzerland agreed to tax money held in its banks by British residents (it had already done a similar deal with Germany). These customers face a levy of up to 34% as well as, from 2013, a withholding tax. That could bring the British treasury around Pounds 5 billion ($7.8 billion). But Nicholas Shaxson, author of "Treasure Islands", a book on offshore finance (and a former contributor to this paper), calls it a "Swiss tax swizz": the country will in effect pay a fat fee to avoid revealing clients' names. That undermines efforts at the Organisation for Economic Co-operation and Development, a Paris-based club of mostly rich countries, to set international standards on tax evasion
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