From Comment

Economic Substance Or Economic Warfare?

It will not have escaped the attention of anyone connected with the offshore financial services industry that the European Union has imposed ’economic substance’ requirements on offshore financial centres in an effort to curb “harmful tax competition”. Indeed, such is the recent media and political attention devoted to this issue, it has become a kind of ‘offshore Brexit’, a national discussion, and dinner party topic on which the pros and cons are debated.

The EU, Economic Substance, An…