{"id":22245,"date":"2013-09-15T16:04:18","date_gmt":"2013-09-15T15:04:18","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=22245"},"modified":"2013-09-15T16:04:39","modified_gmt":"2013-09-15T15:04:39","slug":"david-cameron-says-tax-havens-are-dead-let-me-assure-him-secrecy-jurisdictions-are-not","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2013\/09\/15\/david-cameron-says-tax-havens-are-dead-let-me-assure-him-secrecy-jurisdictions-are-not\/","title":{"rendered":"David Cameron says tax havens are dead. Let me assure him, secrecy jurisdictions are not"},"content":{"rendered":"

When I was co-authoring 'Tax Havens: How Globalization Really Works' (Cornell Studies in Money)<\/a>\u00a0with\u00a0Ronen Palan\u00a0and\u00a0Christian Chavagneux we faced a dilemma. It was that no one - ourselves included - had adequately defined a tax haven. I'd venture to suggest that this remains the case to date. That is why I took on the challenge of defining something else that could provide a policy basis for action - which was the\u00a0secrecy jurisdiction.<\/p>\n

I didn't create the term\u00a0secrecy jurisdiction. I did define it<\/a>. I said that secrecy jurisdictions are places that intentionally create regulation for the primary benefit and use of those not resident in their geographical domain. I added that this regulation is designed to undermine the legislation or regulation of another jurisdiction and that to facilitate its use secrecy jurisdictions also create a deliberate, legally backed veil of secrecy that ensures that those from outside the jurisdiction making use of its regulation cannot be identified to be doing so.<\/p>\n

The term has since been widely adopted, and sometimes been reverse engineered to be a\u00a0definition of a tax haven (as Nick Shaxson did in his book Treasure Islands, for example).<\/p>\n

Now David Cameron has declared that the tax haven is dead.<\/a><\/p>\n

Let me assure you, the secrecy jurisdiction is not.<\/p>\n

Cameron's claim is meaningless since he cannot define a tax haven. My claim is not. I can define a secrecy jurisdiction.<\/p>\n","protected":false},"excerpt":{"rendered":"

When I was co-authoring ‘Tax Havens: How Globalization Really Works’ (Cornell Studies in Money)\u00a0with\u00a0Ronen Palan\u00a0and\u00a0Christian Chavagneux we faced a dilemma. It was that no one
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