It takes the average reader 3 hours and 20 minutes to read Tax Arbitrage by Nigel Feetham
Assuming a reading speed of 250 words per minute. Learn more
International tax arbitrage has come under intense scrutiny since the global financial crisis, and is usually portrayed as a form of aggressive tax avoidance. Press coverage has often shown little understanding of the distinction between tax avoidance and tax evasion, describing the legitimate behaviour of taxpayer banks, financial institutions and multinational businesses in emotive terms and often inaccurately. This book aims to look at tax arbitrage, and demystify its practice. In a world where tax competition rather than tax harmonisation is the predominant norm, international tax arbitrage is a form of legitimate tax planning. The book starts with a review of some of the press coverage (including of recent court cases) and also examines campaigns by the Uncut pressure group. It considers the confusion over the boundary between 'legality' and 'morality'. It covers the responses of tax authorities in major western economies to calls for tax reform. This includes the choices to favour: substance or form worldwide or source taxation targeted legislation or general anti-avoidance rules. It considers the role of jurisdictional competition in tax avoidance arbitrage and the approach taken by a number of countries (including the UK, Ireland and Netherlands) to fiscal policy. A review of recent law reports in the UK, Italy, France, New Zealand, Australia, United States and South Africa involving tax arbitrage, helps to explain how it works, with detailed descriptions from court cases and flow charts of the structured finance arrangements. The appendices include an extract from the OECD Report "Building Transparent Tax Compliance by Banks" on international arbitrage financing transactions, and the UK "Code of Practice on Taxation for Banks" with guidance notes.
Tax Arbitrage by Nigel Feetham is 196 pages long, and a total of 50,176 words.
This makes it 66% the length of the average book. It also has 61% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 4 hours and 34 minutes to read Tax Arbitrage aloud.
Tax Arbitrage is suitable for students ages 12 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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