Treasury Committee announces new inquiry into Offshore Financial Centres and invites written evidence

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2008-04-29 23

• To what extent, and why, are Offshore Financial Centres important to worldwide financial markets?

• To what extent does the use of Offshore Financial Centres threaten financial stability?

• How transparent are Offshore Financial Centres and the transactions that pass through them to the United Kingdom’s tax authorities and financial regulators?

• To what extent does the growth in complex financial instruments rely on Offshore Financial Centres?

• How important have the levels of transparency and taxation in Offshore Financial Centres been in explaining their current position in worldwide financial markets?

• How do the taxation policies of Offshore Financial Centres impact on UK tax revenue and policy?

• Are British Overseas Territories and Crown Dependencies well-regarded as Offshore Financial Centres, both in comparison to their peers and international standards?

• To what extent have Offshore Financial Centres ensured that they cannot be used in terrorist financing?

• What are the implications for the policies of HM Treasury arising from Offshore Financial Centres?

• What has been and is the extent and effect of double taxation treaty abuse within Offshore Financial Centres?

• To what extent do Offshore Financial Centres investigate businesses and individuals that appear to be evading UK taxation?