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Tax Avoidance For Resident Business By Establishing Offshore Companies

Author

Listed:
  • Marilena CIOBANASU

    (Economics Faculty, Titu Maiorescu University, Bucharest)

  • Iustin PRIESCU

    (Informatics Faculty, Titu Maiorescu University, Bucharest)

  • Anca Mirela POSTOLE

    (Economics Faculty, Titu Maiorescu University, Bucharest)

  • Elena Mihaela ILIESCU

    (Economics Faculty, Titu Maiorescu University, Bucharest)

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.

Suggested Citation

  • Marilena CIOBANASU & Iustin PRIESCU & Anca Mirela POSTOLE & Elena Mihaela ILIESCU, "undated". "Tax Avoidance For Resident Business By Establishing Offshore Companies," Proceedings of the Fifth "Administration and Public Management" International Conference: "Public Institutions' Capacity to Implement the Administrative Reform Process", Bucharest, June 23-24, 2009 23, Research Centre in Public Administration and Public Services, Bucharest, Romania.
    • Handle: RePEc:rom:confca:23
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    File URL: http://www.confcamp.ase.ro/2009/23.pdf
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    More about this item

    Keywords

    offshore (tax heaven); profit; tax; revenues; globalization;
    All these keywords.

    JEL classification:

    • H32 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Firm

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