Some legal challenges affecting offshore trusts post 2008 financial crisis
The phenomenal growth of offshore trusts valued in trillions of dollars at the end of the last century as a result of its ability to transfer and protect substantial sums of money from the settlor 19s country to overseas jurisdictions with the potential to save, reduce, avoid and evade taxes have be...
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| Format: | Proceeding Paper |
| Language: | English English |
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2014
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| Online Access: | http://irep.iium.edu.my/49236/ http://irep.iium.edu.my/49236/2/ICSSAM_2014.pdf http://irep.iium.edu.my/49236/3/ICSSM_2014_Some_Legal_Challenges_Affecting_Offshore_Trusts_post_2008_Financial_Crisis.pdf |
| _version_ | 1848783422039785472 |
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| author | Hingun, Mohsin |
| author_facet | Hingun, Mohsin |
| author_sort | Hingun, Mohsin |
| building | IIUM Repository |
| collection | Online Access |
| description | The phenomenal growth of offshore trusts valued in trillions of dollars at the end of the last century as a result of its ability to transfer and protect substantial sums of money from the settlor 19s country to overseas jurisdictions with the potential to save, reduce, avoid and evade taxes have been subjected to critical examination by tax authorities, the courts, non-governmental organisations and the media, especially in the years following the 2008 financial crisis. The objective of this paper to briefly introduce the nature and uses of offshore trusts and to focus on some of the important challenges they face in a hostile environment. An area of evolving interest is the secrecy issue inherent in offshore trusts which has been abused as veil for tax avoidance/tax evasion.
KEYWORDS: Offshore trusts, 2008 Financial Crisis, Secrecy, Tax Avoidance
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| first_indexed | 2025-11-14T16:21:06Z |
| format | Proceeding Paper |
| id | iium-49236 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:21:06Z |
| publishDate | 2014 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-492362024-12-19T07:44:13Z http://irep.iium.edu.my/49236/ Some legal challenges affecting offshore trusts post 2008 financial crisis Hingun, Mohsin K Law (General) The phenomenal growth of offshore trusts valued in trillions of dollars at the end of the last century as a result of its ability to transfer and protect substantial sums of money from the settlor 19s country to overseas jurisdictions with the potential to save, reduce, avoid and evade taxes have been subjected to critical examination by tax authorities, the courts, non-governmental organisations and the media, especially in the years following the 2008 financial crisis. The objective of this paper to briefly introduce the nature and uses of offshore trusts and to focus on some of the important challenges they face in a hostile environment. An area of evolving interest is the secrecy issue inherent in offshore trusts which has been abused as veil for tax avoidance/tax evasion. KEYWORDS: Offshore trusts, 2008 Financial Crisis, Secrecy, Tax Avoidance 2014 Proceeding Paper NonPeerReviewed application/pdf en http://irep.iium.edu.my/49236/2/ICSSAM_2014.pdf application/pdf en http://irep.iium.edu.my/49236/3/ICSSM_2014_Some_Legal_Challenges_Affecting_Offshore_Trusts_post_2008_Financial_Crisis.pdf Hingun, Mohsin (2014) Some legal challenges affecting offshore trusts post 2008 financial crisis. In: International Conference on Social Sciences and Management (ICSSAM 2014), 7th-9th May 2014, Kyoto , Japan. http://www.iccbes.org/Upload/EditorFiles/201404/20140402171402320.pdf |
| spellingShingle | K Law (General) Hingun, Mohsin Some legal challenges affecting offshore trusts post 2008 financial crisis |
| title | Some legal challenges affecting offshore trusts post 2008 financial crisis |
| title_full | Some legal challenges affecting offshore trusts post 2008 financial crisis |
| title_fullStr | Some legal challenges affecting offshore trusts post 2008 financial crisis |
| title_full_unstemmed | Some legal challenges affecting offshore trusts post 2008 financial crisis |
| title_short | Some legal challenges affecting offshore trusts post 2008 financial crisis |
| title_sort | some legal challenges affecting offshore trusts post 2008 financial crisis |
| topic | K Law (General) |
| url | http://irep.iium.edu.my/49236/ http://irep.iium.edu.my/49236/ http://irep.iium.edu.my/49236/2/ICSSAM_2014.pdf http://irep.iium.edu.my/49236/3/ICSSM_2014_Some_Legal_Challenges_Affecting_Offshore_Trusts_post_2008_Financial_Crisis.pdf |