Curtin University Homepage
  • Library
  • Help
    • Admin

    espace - Curtin’s institutional repository

    JavaScript is disabled for your browser. Some features of this site may not work without it.
    View Item 
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item
    • espace Home
    • espace
    • Curtin Research Publications
    • View Item

    The challenges of dealing with tax havens: Can innovative uses of technology be part of the solution?

    Access Status
    Fulltext not available
    Authors
    Pinto, Dale
    Date
    2008
    Type
    Journal Article
    
    Metadata
    Show full item record
    Citation
    Pinto, Dale. 2008. The challenges of dealing with tax havens: Can innovative uses of technology be part of the solution?. Legal Issues in Business. 10: pp. 23-35.
    Source Title
    Legal Issues in Business
    Additional URLs
    http://search.informit.com.au/fullText;dn=864302725340235;res=IELBUS
    ISSN
    1442911X
    School
    School of Business Law
    URI
    http://hdl.handle.net/20.500.11937/46106
    Collection
    • Curtin Research Publications
    Abstract

    This paper examines the impact of tax havens and bank secrecy laws in administering Australia’s taxation system, including an examination of the impact of electronic commerce. The Australian Taxation Office (ATO) estimates that in 2005-06 about $5.3 billion flowed from Australia to tax havens. A US Senate Committee recently estimated that offshore tax havens hold trillions of dollars in assets provided by citizens of other countries. The Commissioner of Taxation recently observed that: Tax havens seek to attract international trade and investment by establishing financial, legal and tax systems that may be beneficial to some activities. Modern communication methods, the internet and people’s mobility have made it easier for financial services to be provided from previously remote locations. Against this background, the Australian taxation system finds itself in unchartered waters, a situation that promises much potential, creates many opportunities and will present numerous challenges to the ATO. The overall thesis of the paper is to assert that tax havens, bank secrecy laws and electronic commerce present many challenges to tax administrators, and innovative uses of technology – though part of the problem – can arguably also be part of the solution in dealing with the challenges identified in the paper.

    Related items

    Showing items related by title, author, creator and subject.

    • Does the use of tax haven subsidiaries by U.S. multinational corporations affect the cost of bank loans?
      Richardson, G.; Taylor, Grantley ; Obaydin, I. (2020)
      © 2020 Elsevier B.V. This study examines whether the use of tax haven subsidiaries by U.S. multinational corporations (MNCs) is associated with the cost of bank loans. We find that more intensive tax haven subsidiary use ...
    • Is gold always a safe haven?
      Ryan, M.; Corbet, S.; Oxley, Leslie (2024)
      This study reexamines the long-held view of gold as a universal safe haven during stock market downturns. Utilising a dataset from 1979 to 2020, we investigate the conditional nature of gold's safe-haven status with the ...
    • Tax Accounting for Livestock: How they got it wrong
      Fullarton, Lex ; Pinto, Gerardine (2023)
      Abstract A consequence of droughts, floods, fires, tempests or family disasters is the forced sale or loss of valuable livestock. To add to their troubles receipts arising from those forced disposals is currently considered ...
    Advanced search

    Browse

    Communities & CollectionsIssue DateAuthorTitleSubjectDocument TypeThis CollectionIssue DateAuthorTitleSubjectDocument Type

    My Account

    Admin

    Statistics

    Most Popular ItemsStatistics by CountryMost Popular Authors

    Follow Curtin

    • 
    • 
    • 
    • 
    • 

    CRICOS Provider Code: 00301JABN: 99 143 842 569TEQSA: PRV12158

    Copyright | Disclaimer | Privacy statement | Accessibility

    Curtin would like to pay respect to the Aboriginal and Torres Strait Islander members of our community by acknowledging the traditional owners of the land on which the Perth campus is located, the Whadjuk people of the Nyungar Nation; and on our Kalgoorlie campus, the Wongutha people of the North-Eastern Goldfields.