The Resource Liechtenstein and the subprime crisis : systematic issues in the international financial and taxation system

Liechtenstein and the subprime crisis : systematic issues in the international financial and taxation system

Label
Liechtenstein and the subprime crisis : systematic issues in the international financial and taxation system
Title
Liechtenstein and the subprime crisis : systematic issues in the international financial and taxation system
Creator
Subject
Language
eng
Summary
This article examines the common elements that exist in both the Liechtenstein situation and the subprime crisis. These common elements highlight the proper approach that should be taken towards international tax evasion, that is, that international tax evasion should be viewed more broadly as a systemic issue in the context of the integrity of the global financial system. The Liechtenstein situation and the subprime crisis highlights four major issues: (a) the importance of transparency in international finance and taxation; (b) the need to confront and deal with the risks and problems that exist in the international financial and taxation system; (c) the harmful conduct of international institutions and intermediaries in encouraging capital flight from developing and developed countries to onshore and offshore financial centres; and (d) the need for greater international regulatory coordination between regulatory bodies. The question now is, will the OECD and other relevant organisations recognise the common elements that exist in both the Liechtenstein situation and the subprime crises and take appropriate and timely action to deal with the systemic risks and problems?
Citation source
In: New Zealand journal of taxation law and policy. - Wellington. - Vol. 14 (2008),
http://library.link/vocab/creatorName
Spencer, D.E
Geographic coverage
  • International
  • European Union
Language note
English
http://library.link/vocab/subjectName
  • OECD
  • tax haven
  • tax evasion
  • transparency
  • exchange of information
  • beneficial ownership
  • money laundering
Label
Liechtenstein and the subprime crisis : systematic issues in the international financial and taxation system
Instantiates
Publication
Label
Liechtenstein and the subprime crisis : systematic issues in the international financial and taxation system
Publication

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