Not a Palm Tree in Sight; Onshore Financial Centres  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 406 no. 8823 (Feb. 2013), page SS8-SS9.
Topik: Corruption; Regulation; Law Enforcement; Offshore Banking; International

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.75 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Sam Koim, the chairman of Papua New Guinea's anti-corruption watchdog, raised eyebrows at a meeting of financial crime-fighters in Sydney last October when he described how officials from his country were systematically "using Australia as a Cayman Islands" by laundering a significant portion of corruptly obtained funds through Australian banks and property deals. Papuans were thought to be the largest property investors in Australia's far north. He vowed to keep up the pressure on Australia until it stopped taking such business. The traditional image of a tax haven is a palm-fringed Caribbean island, a chillier outcrop in the English Channel or a European microstate such as Monaco or Liechtenstein. But offshore is not so much a geographical concept as a set of activities and offerings. What havens generally peddle is an escape from high taxes and strict regulation, along with easy incorporation and secrecy. Some of the biggest tax havens are in fact OECD economies, including America and Britain, that many would see as firmly onshore. They provide something the offshore islands cannot: a destination for money rather than a mere conduit, with first-world capital markets and banks backstopped by large numbers of taxpayers.

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