{"id":4906,"date":"2013-02-15T01:18:22","date_gmt":"2013-02-15T00:18:22","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=4906"},"modified":"2013-02-15T11:32:05","modified_gmt":"2013-02-15T10:32:05","slug":"tax-havens-legal-and-not-so","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/tax-havens-legal-and-not-so\/","title":{"rendered":"Tax Havens: Legal and Not So."},"content":{"rendered":"<p>Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part to America\u2019s FATCA, small offshore centres are handing over more data to their clients\u2019 home countries\u2014while America remains shamefully reluctant to share information with the Latin American countries whose citizens hold deposits in Miami. That must change. Everyone could do more to crack down on the use of nominee shareholders and directors to hide the provenance of money. And they should make sure that information about the true \u201cbeneficial\u201d owners of companies is collected, kept up-to-date and made more readily available to investigators in cases of suspected wrongdoing. There are costs to openness, but they are outweighed by the benefits of shining light on the shady corners of finance. \u00a0<a href=\"http:\/\/www.economist.com\/news\/leaders\/21571873-how-stop-companies-and-people-dodging-tax-delaware-well-grand-cayman-missing-20\" target=\"_blank\">Article<\/a><\/p>\n<p><a href=\"http:\/\/www.economist.com\/news\/leaders\/21571873-how-stop-companies-and-people-dodging-tax-delaware-well-grand-cayman-missing-20\" target=\"_blank\" rel=\"attachment wp-att-4907\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium wp-image-4907\" alt=\"ugland house\" src=\"http:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/02\/ugland-house-300x227.jpg\" width=\"300\" height=\"227\" srcset=\"https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/02\/ugland-house-300x227.jpg 300w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/02\/ugland-house-396x300.jpg 396w, https:\/\/www.w-t-w.org\/en\/wp-content\/uploads\/2013\/02\/ugland-house.jpg 462w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, &hellip; <a href=\"https:\/\/www.w-t-w.org\/en\/tax-havens-legal-and-not-so\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[22,13],"tags":[],"class_list":["post-4906","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.10 - aioseo.com -->\n\t<meta name=\"description\" content=\"Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Susan_Hall\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.w-t-w.org\/en\/tax-havens-legal-and-not-so\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.10\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"W-T-W.org - Women and Finance\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Tax Havens: Legal and Not So. - W-T-W.org\" \/>\n\t\t<meta property=\"og:description\" content=\"Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. Thanks in large part\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.w-t-w.org\/en\/tax-havens-legal-and-not-so\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2013-02-15T00:18:22+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2013-02-15T10:32:05+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Tax Havens: Legal and Not So. - W-T-W.org\" \/>\n\t\t<meta name=\"twitter:description\" content=\"Reform should thus focus on rich-world financial centres as well as Caribbean islands, and should distinguish between illegal activities (laundering and outright tax evasion) and legal ones (fancy accounting to avoid tax). The best weapon against illegal activities is transparency, which boils down to collecting more information and sharing it better. 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