TAX AVOIDANCE FOR RESIDENT BUSINESS BY ESTABLISHING OFFSHORE COMPANIES

Marilena Ciobanasu, Iustin Priescu (), Postole Anca () and Elena Iliescu
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Iustin Priescu: Informatics Faculty, Titu Maiorescu University, Bucharest

No 23, Proceedings of the Fifth "Administration and Public Management" International Conference: "Public Institutions' Capacity to Implement the Administrative Reform Process", Bucharest, June 23-24, 2009 from Research Centre in Public Administration and Public Services, Bucharest, Romania

Abstract: Until nowadays, a wide spectrum of offshore services satisfying various business needs has been developed. The offshore industry has turned into a global business, and reached all corners of the world, covering about a half of the world’s financial transactions. The offshore companies are a solution for everyone who is planning new activity and are interested in business development and tax reduction.Over the last twenty years, increasing client demand for offshore facilities has mostly resulted in political and economical instability, market globalization, high tax regimes and more effective tax recovery. Clients often ask which offshore area is the best for company incorporation. The answer really depends on the intended use of the offshore entity and the client’s own personal or business reasons.

Keywords: offshore (tax heaven); profit; tax; revenues; globalization (search for similar items in EconPapers)
JEL-codes: H32 (search for similar items in EconPapers)
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Published in the Proceedings of the Fifth Administration and Public Management International Conference. Public institutions’ capacity to implement the administrative reform process , Bucharest, June 23-24 2009, pages 227-232

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