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G8 Pushes for International Ownership Registry

July 12, 2013

One of the advantages of using shell companies, at least internationally, is the possibility of lowing tax liability. I just came across this blog article, which does an excellent job of laying out the motivations of both taxing authorities and tax-avoiders (as opposed to tax-evaders). It is natural, and legal, for a company to take every measure possible to achieve the lowest possible tax liability, so long as they are in full compliance with the applicable laws. There is a fascinating debate as to whether greater corporate transparency will actually result in the hoped-for tax revenue, or if it will simply create greater incentives for companies to find more creative, yet legal, methods of reducing taxes, including through the use of shell companies.

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