Irish ‘tax haven’ benefits from offshore asset shifts – NY Fed

Irish ‘tax haven’ benefits from offshore asset shifts – NY Fed

The research analysed whether large US financial institutions have simplified their structures in the wake of the financial crisis

Ireland may be benefiting from a new trend in US banks shifting subsidiary operations to ‘advanced economy’ tax havens, according to new research from the Federal Bank of New York.

The research analysed whether large US financial institutions have simplified their structures in the wake of the financial crisis.

It found that US bank holding companies (BHCs) have somewhat simplified the way they organise themselves; they remain very complicated, spanning many industries; and that some...

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