DR WALID HEJAZI COMMENT

摘要

Offshore financial centres (OFCs) are incredibly misunderstood. The abuse of these jurisdictions by individuals or organisations to hide income or assets from legitimate tax authorities has resulted in a negative view of all such jurisdictions. Let's be clear: the use of these jurisdictions by any organisation to avoid paying taxes that should be paid is illegal - and such organisations should be prosecuted. But as in the case of purely domestic scenarios, the taxpayer has the right to arrange business affairs in such a way as to minimise the tax burden by legal means. There will always be those international investors that use creative ways to reduce taxes owed to the legitimate tax authority - in that sense, OFCs are no different.