Shell or letterbox companies may be used for aggressive tax purposes which may result in certain financial crimes such as tax evasion. In this respect, whilst tax avoidance is not per se criminal in nature, there is a very fine line between tax avoidance and tax evasion which will be explained during this seminar. Moreover, the seminar will outline the importance of economic substance to avoid shell companies and mitigating the risk of financial crimes such as tax evasion, money laundering and financing of terrorism.
Tax Evasion Vs Tax Avoidance: Shell Companies and the Risk of Financial Crime
€40.00 Inc VAT
Tuesday, 18 October, 2022 | 2:00 pm
Online LIve Session
MIA Accreditation | 3 hours Core in terms of the Accountancy Board CPE scheme.
Dr Franklin Cachia is currently the Head of Tax and Regulated Industries at CSB Group. He attended the University of Malta, and successfully completed a Bachelor of Laws degree, followed by a Doctor of Laws degree in 2012. In fulfilment of his LL.D., Franklin submitted and defended his thesis entitled: “The Custody Business in the Financial Sector”.
Following his graduation from the University of Malta, for the last 6 years, Franklin was employed with a local firm specialised on international tax planning, financial services, investment funds, corporate law, commercial law, and financial-legal matters. Franklin obtained his Advanced Diploma in International Taxation (ADIT) which helped him solidify his foundations in domestic and international taxation.
In 2015, Franklin furthered his studies at the University of Leiden in the Netherlands, where he read an Advanced LL.M. in International Tax Law. He successfully submitted and defended his thesis entitled, ‘Analysing the European Commission’s Final Decisions on Apple, Starbucks, Amazon and Fiat Finance & Trade’.
Franklin also lectured the Advanced Taxation Module for the Association of Chartered Certified Accountants (ACCA P6) course provided through Aim Professional Academy and the EU Direct Taxation module for the ADIT. Franklin is also a member of the Board of Examiners of the Faculty of Law at the University of Malta. Franklin also delivered employment law, company and business law training to public and private bodies as well as in-house training. He also published other articles on the international tax journal EC Tax Review published by Kluwer Law International with his very latest article entitled: ‘Tax Transparency for Intermediaries: The Mandatory Disclosure Rules and Its EU Impact‘ (2018) 27 EC Tax Review, Issue 4.
Moreover, Franklin pursued the course organised by the Institute of Financial Services Practitioners entitled ‘Introduction to the Virtual Financial Assets Act’ and successfully passed the exam prescribed by the Malta Financial Services Authority. In view of his experience, Franklin’s main practice areas include local and international and Maltese tax law, corporate and trusts law, financial services, digital economy and virtual currency, blockchain, intellectual property and employment law.
Events resources will be sent by email after the delivery of the event.