It is estimated that up to sixty percent of the world's money may
be located offshore, where half of all financial transactions are
said to take place; however, there is a perception that secrecy
about offshore is encouraged to obfuscate tax evasion and money
laundering. McCann provides a detailed analysis of the global
offshore environment, outlining the extent of the information
available and how that information might be used in assessing the
quality of individual jurisdictions, as well as examining whether
some of the perceptions about 'offshore' are valid. He analyses the
ongoing work of the Financial Stability Forum, the Financial Action
Task Force, the International Monetary Fund, the World Bank, and
the Organisation for Economic Cooperation and Development. The book
also offers some suggestions as to what the future might hold for
offshore finance.
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