Recent research has proven a correlation between money laundering activities and tax havens. One of the results of which is that multiple financial entities close down their branches or correspondent relations operating in tax haven countries due to the risks of money laundering , especially...

This paper provides a practical overview and normative analysis of international tax planning ideas for entities who are establishing or restructuring their business affairs. In particular, in an international financial hub, such as Hong Kong, taxation advisors and lawyers need to be...

Over millennia, mankind has used hard cash in various forms ranging from shells to gold coins and paper. More recently, cash has become unpopular in political circles, as it effectively restricts states’ power to tax (explicitly or via negative interest rates) or to survey and potentially...

This paper has three goals. First, some theoretical remarks about money laundering (both the demand and supply sides) are made. Second, we provide a quantitative analysis of money laundering and a preliminary review of our empirical findings on the proceeds of transnational crime worldwide, as...

The fight against money laundering in Canada will require tougher measures that shine a light on the perpetrators who now operate in the shadows, says a new report from the C.D. Howe Institute. In “Why We Fail to Catch Money Launderers 99.9 percent of the Time,” author Kevin Comeau supports...

This study investigates the association between money laundering control systems(MLCS) and tax haven use based on a sample of U.S. multinational financial corpora-tions (MFCs). We also examine the impact of external auditor specialization on theassociation between MLCS and tax haven use. We find...