International finance centre

International finance centers provide services and expertise to help facilitate international trade and cross-border investment and have played an instrumental role in globalization which has benefitted millions. However, they vary substantially in their size, scope, areas of specialization, geographical coverage, and services offered. For example, larger international finance centers, like London, New York, and Frankfurt, …

International finance centre Read More »

Jurisdictional neutrality

A location that is independent of the home jurisdictions of the various counterparties where transactions can be conducted, whilst adding little or no additional cost. This can be important, for example, when forming joint venture vehicles between organizations from different countries where there is a requirement for a mutually trusted jurisdiction to hold the company …

Jurisdictional neutrality Read More »

Profit shifting / Base Erosion Profit Shifting

Profit shifting is where firms, often multinationals, artificially manipulate the reporting of their internal cross-border activities in order to have profits booked to locations where they receive low or favourable tax treatment. To mitigate against this, the Organisation of Economic Co-operation and Development (OECD) has responded with its Base Erosion Profit Shifting Programme (or ‘BEPS’), …

Profit shifting / Base Erosion Profit Shifting Read More »