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Banking on Failure: Cum-Ex and Why and How Banks Game the System
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Banking on Failure: Cum-Ex and Why and How Banks Game the System Hardcover - 2020

by Richard S. Collier


From the publisher

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. 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.

Details

  • Title Banking on Failure: Cum-Ex and Why and How Banks Game the System
  • Author Richard S. Collier
  • Binding Hardcover
  • Pages 400
  • Volumes 1
  • Language ENG
  • Publisher Oxford University Press, USA
  • Date 2020-11-03
  • Illustrated Yes
  • Features Bibliography, Illustrated, Index
  • ISBN 9780198859673 / 0198859678
  • Weight 1.55 lbs (0.70 kg)
  • Dimensions 9.3 x 6.3 x 1 in (23.62 x 16.00 x 2.54 cm)
  • Library of Congress subjects History, Europe
  • Library of Congress Catalog Number 2020933324
  • Dewey Decimal Code 332.12

About the author


Richard S Collier, Associate Fellow, Said Business School, University of Oxford, UK Richard Collier is currently a Senior Tax Advisor at the OECD. He was previously an Associate Fellow at the Said Business School, University of Oxford and a Tax Partner with PwC, where he was the global leader of the firm's banking and capital markets tax practice. Richard has written many articles and recently co-authored (with Joe Andrus) a book, Transfer Pricing and the Arm's Length Principle after BEPS.
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Banking on Failure: Cum-Ex and Why and How Banks Game the System

Banking on Failure: Cum-Ex and Why and How Banks Game the System

by Richard S. Collier

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Hardback as pictured. Normal wear from age/use. Clean text. Binding sound. PLEASE NOTE: dustjacket has some edgewear at the bottom of back of dustjacket with a small acid-free archival tape reinforcement. If you can overlook that flaw; it's a good reading copy.
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Banking on Failure: Cum-ex and Why and How Banks Game the System
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Banking on Failure: Cum-ex and Why and How Banks Game the System

by Collier, Richard S

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ISBN 10 / ISBN 13
9780198859673 / 0198859678
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Banking on Failure: Cum-Ex and Why and How Banks Game the System

Banking on Failure: Cum-Ex and Why and How Banks Game the System

by Richard S Collier

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  • Hardcover
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Hardcover
ISBN 10 / ISBN 13
9780198859673 / 0198859678
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Hardback. New. This book explains why and how banks game the system. It accounts for why banks are so often involved in cases of misconduct, and why those cases often involve the exploitation of tax systems.
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Banking on Failure: Cum-Ex and Why and How Banks Game the System
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Banking on Failure: Cum-Ex and Why and How Banks Game the System

by Collier, Richard S

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  • Hardcover
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Hardcover
ISBN 10 / ISBN 13
9780198859673 / 0198859678
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