Tax havens prove alluring to China
- April 19, 2014
- Bill Maurer, anthropology and law professor and social sciences dean, is quoted in the LA Times April 19, 2014
From the LA Times:
[LETTERS] Like many Chinese tech and new-media firms, e-commerce giant Alibaba makes use of offshore corporate vehicles in the Cayman Islands. The other Chinese company mentioned in your article, Weibo, is also incorporated in the Caymans. Given that the IRS' tax filing deadline was April 15, it seems fitting to note that the attraction of the American exchanges for Chinese companies is not just better infrastructure and potential higher valuations, as your article suggests, but the convenience of offshore tax havens on our doorstep. Bill Maurer, Long Beach
For the full post, visit http://www.latimes.com/opinion/editorials/la-le-0419-saturday-tax-havens....