Financial Services Authority and Profit shifting: Difference between pages

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(FSA).
''Tax''.


The former UK body which, among its other duties, was the regulatory authority in the UK for most financial services markets, exchanges and firms.
Tax payer action that reduces the taxable profit in a jurisdiction by shifting it to a jurisdiction where it will be taxed at a lower rate or not taxed at all.  


This is generally seen by tax authorities as potentially abusive, even if legal.


In 2013, the former FSA's responsibilities were divided and transferred to:


#The Financial Conduct Authority; and
#The Prudential Regulation Authority.
Some of the FSA's functions were comparable with the CFTC in the United States.


== See also ==


== See also ==
* [[Base erosion and profit shifting]]
* [[CFTC]]
* [[Tax avoidance]]
* [[Financial]]
* [[Tax evasion]]
* [[Financial Conduct Authority]]
* [[Transfer pricing]]
* [[Financial Services Committee]]
* [[Prudential Regulation Authority]]
* [[Trustee]]


[[Category:Compliance_and_audit]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]

Revision as of 07:02, 15 September 2014

Tax.

Tax payer action that reduces the taxable profit in a jurisdiction by shifting it to a jurisdiction where it will be taxed at a lower rate or not taxed at all.

This is generally seen by tax authorities as potentially abusive, even if legal.


See also

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