Banking on failure: cum-ex and why and how banks game the system

"Banks seem all too often involved in cases of misconduct, particularly involving the exploitation of tax systems. 'Banking on Failure' explains why and how banks "game the system", accounting for these misconduct cases and analysing the wider implications for financial mark...

Full description

Saved in:  
Bibliographic Details
Main Author: Collier, Richard S. (Author)
Format: Print Book
Language:English
Published: Oxford, United Kingdom Oxford University Press 2020
In:Year: 2020
Edition:First edition
Online Access: Table of Contents
Check availability: HBZ Gateway
Subito Delivery Service: Order now.
Keywords:
Description
Summary:"Banks seem all too often involved in cases of misconduct, particularly involving the exploitation of tax systems. 'Banking on Failure' explains why and how banks "game the system", accounting for these misconduct cases and analysing the wider implications for financial markets and tax systems.0'Banking on Failure: Cum-Ex and Why and How Banks Game the System' explains why banks design and use structured products to exploit tax systems. It describes one of the biggest and most complex cases - the "cum-ex" scandal - in which hundreds of banks and funds from across the globe participated in the raid on the public exchequers of a number of countries, with losses in the tens of billions of euros. The book then draws on the significance of this case study, and what this tells us about modern banks and their interactions with tax systems. 'Banking on Failure' demonstrates why the exploitation of tax systems by banks is an inevitable feature of the financial markets landscape, and suggests possible responses."
Item Description:Literaturverzeichnis: Seite 343-359
Hier auch später erschienene, unveränderte Nachdrucke
Physical Description:378 Seiten Diagramme
ISBN:0198859678
9780198859673