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B207 TMA 2, 247 Words, 50 Words, 10 Words, 48 Words, 26 Words, 50 Words,…

- - - - Using tax havens
    - - Higher costs
        
        Force out small firms
  - - - Hard to implement
        
        Ambiguous
        
        Easily abused
- - - - Individual transfers
      - Large deficit can help short term
        
        Long term can be destabilising
  - - - International movement
  - - - Financial capital held by monetary authorities
- - - - Improves quality
      - Improves comparability
      - Improves transparency
      - Facilitates business
        
        Increases credibility
        
        Improves access to credit
        
        Improves investment opportunities
      - Simplifies financial reporting (MNC)
    - - Affects different areas of business.
- - - - Policy advice
    - - Money laundering
        
        Tax avoidance
- - - - Tax avoidance
        
        Subsidiary A (raw material)
        
        Subsidiary B (processing) tax haven
        
        Subsidiary C (final market)
    - - Combined reporting
        
        Political will required
        
        fair treatment
        
        Billions saved in tax recovery
      - Obstacles
        
        Path dependancy
        
        Resistance to change
        
        Vested interests
        
        Multinational interference
        
        Technical issues
        
        Development required
- - - - Market forces
        
        Supply & demand
        
        Strong/weak sterling
        
        Affects sale prices
        
        Affects supply prices
        
        Problematic
        
        1 more item...