Inversion and Panama Papers: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Kmacharla
No edit summary
 
imported>Doug Williamson
(Add links.)
 
Line 1: Line 1:
1.
The Panama Papers are a large number of leaked confidential documents relating to offshore tax avoidance structures and participating individuals and corporations.
A term used in foreign exchange rate quotation.


Consider the historical FX quote of 1 GBP = USD 1.4598 - 1.4602.
The Panama Papers were publicised by the ''Süddeutsche Zeitung'' in Germany in 2016.
The base currency is GBP.


The inversion of this FX quote means expressing the same price, but with the other currency as the base currency (USD here).


So 1 USD = GBP [1/1.4602] - [1/1.4598]
The documents were leaked from a law firm and corporate services provider headquartered in Panama.


1 USD = GBP 0.6848 - 0.6850.


2.
== See also ==
In any market, the reversal of a normal - or commonly expected - relationship.
* [[Anti-avoidance provision]]
* [[Her Majesty’s Revenue & Customs]]
* [[PANA inquiry]]
* [[Pandora Papers]]
* [[Paradise Papers]]
* [[Tax avoidance]]
* [[Tax evasion]]
* [[Tax haven]]


For example the situation of an Inverse yield curve, where longer maturities of funds are trading at LOWER yields than shorter-dated maturities (being the opposite of the normally expected upward-sloping relationship).
[[Category:Accounting,_tax_and_regulation]]
 
[[Category:Ethics_and_corporate_governance]]
== See also ==
* [[Base currency]]
* [[Foreign exchange]]
* [[Inverse quote]]
* [[Inverse yield curve]]

Revision as of 23:54, 6 October 2021

The Panama Papers are a large number of leaked confidential documents relating to offshore tax avoidance structures and participating individuals and corporations.

The Panama Papers were publicised by the Süddeutsche Zeitung in Germany in 2016.


The documents were leaked from a law firm and corporate services provider headquartered in Panama.


See also

Retrieved from ‘https://wiki.treasurers.org/w/index.php?title=Inversion&oldid=36483’