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This paper argues that there is too great a reliance placed on anti-avoidance provisions, discretions reposed in the revenue, and judicially developed doctrines as a means of countering tax avoidance. In view of the difficulties in defining and countering tax avoidance, it is suggested that...
Persistent link: https://www.econbiz.de/10013036510
This paper examines the development of mass-marketed tax avoidance schemes in Australia. It considers changes in … paid, and therefore highly taxed, blue collar workers in Australia's mining industry in the 1990s.In the latter half of the … in the mining regions of Western Australia. In the remote and inhospitable mining community of Pannawonica, which has one …
Persistent link: https://www.econbiz.de/10012965986
government in the United States. In the U.S., the tool of administrative regulation is more powerful than in Australia. But … recent history suggests that Australia uses the tool of statutory amendment more than the U.S. uses regulation to shape tax …In both Australia and the U.S., the tax anti-avoidance law has evolved to include two common doctrinal components. One …
Persistent link: https://www.econbiz.de/10012987226
Money laundering has become a phenomenon of financial market regulation. The obligation to identify the ultimate …
Persistent link: https://www.econbiz.de/10013085557
The United States is currently trying to manage a fast-moving public health crisis due to the coronavirus outbreak (COVID-19). The economic and financial ramifications of the outbreak are serious. This Working Paper discusses these ramifications and identifies three interrelated but potentially...
Persistent link: https://www.econbiz.de/10012839295
Do automated or artificial intelligence systems follow the law? What design choices can the law make to encourage legal compliance by robots? Tax law has some experience with these questions. Algorithmic tax compliance robots, such as TurboTax or H&R Block Online, appear to break taxpayer data...
Persistent link: https://www.econbiz.de/10012841632
Looking at collective investment schemes from a financial law perspective seems to stand in harsh contrast to the OECD's perspective as expressed in the materials to BEPS Item 6. While financial lawyers emphasize the use of collective investment schemes – for manifold-financial relationships...
Persistent link: https://www.econbiz.de/10012912146
The journalistic scandal that reached the headlines with the iconoclastic expression “LuxLeaks” has raised an EU wide debate about national tax administrations' advance ruling practices and it calls for a need to establish the acceptable boundaries between fair and harmful tax competition in...
Persistent link: https://www.econbiz.de/10012998215
In contrast to financial arbitrage, which causes prices of economically equivalent transactions to converge in the direction of one price, regulatory arbitrage does not lead to such price convergence. In contrast, regulatory arbitrage tends to produce two different prices for economically...
Persistent link: https://www.econbiz.de/10012869811
Persistent link: https://www.econbiz.de/10012969527