Financial Services Work
Morris gained international prominence when in 1998, the Organization for Economic Co-operation and Development (OECD) "blacklisted" "International Financial Centres", (IFC) referring to them as "tax havens". Whilst financial services is a critical component of international finance, Morris is one of few scholars/advisors who work in the arena of the structural formalities of Financial Centres. In 1999, Morris, was retained by a number of the most prestigious Swiss Banks to develop a theoretical basis for "cross border regulatory diplomacy" which he presented to the White House Economic Staff in 2001 leading to the US's rejection of the OECD programme based on its "Harmful Tax Practices" report. Having found an ally in then US Treasury Secretary The Hon. Paul O'Neill, Morris and his colleagues also softened the impact of the EU Savings Tax Directive for IFCs, which he called "a non-state institution programme in superstate guise". (See:
Read more about this topic: Gilbert NMO Morris
Famous quotes containing the words financial, services and/or work:
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