The Resource Abusive transactions on financial hybrids

Abusive transactions on financial hybrids

Label
Abusive transactions on financial hybrids
Title
Abusive transactions on financial hybrids
Creator
Subject
Language
eng
Summary
Financial hybrids are the main purpose of structured financial operations by means of special purpose vehicles (SPVs), off the balance sheet. There is an essential element without which the systemic financial crisis may never be understood, that is, the exclusive tax purpose that was purportedly aimed by the financial, banking, and insurance companies. Abusive transactions on financial hybrids (futures, swaps, repos) were designed, as proven by the US and New Zealand jurisprudence, to simultaneously obtain financial and tax advantages. Financial hybrids may result from a commercial and corporate purpose but such is not the case for synthetic hybrids over the counter, which, blessed by credit rating agencies, used arbitrage as an ordinary pattern, aiming to take advantage of the lack of coordination between legal systems and the opacity and secrecy of the transactions themselves
Citation source
In: Intertax. - Alphen aan den Rijn. - Vol. 39 (2011),
http://library.link/vocab/creatorName
Rosembuj, T
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • hybrid financial instrument
  • SPV
  • tax arbitrage
  • economic crisis
Label
Abusive transactions on financial hybrids
Instantiates
Publication
Label
Abusive transactions on financial hybrids
Publication

Library Locations

    • IBFD Library AmsterdamBorrow it
      Rietlandpark 301, Amsterdam, 1019 DW, NL
      52.37366609999999 4.9336932
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