Tivot Sandwich: Difference between revisions

[[Tivot Sandwich|'''Tivot Sandwich''']] is a base erosion and profit shifting (BEPS) corporate tax tool. This is an accounting and finance term that refers to the legal framework enabling companies to reduce their tax burden. They do this by exploiting the legal framework of [[Tivot]] and - more broadly - the [[United Nations of the Auroran Continent]] more broadly. It was originally developed by Governor [[Eliri Drzevili]] of Tivot following independence from [[Salovia]]. andThey enlisted the advice [[Edwin Ita]] ofand the[[Kaha Marama]] of [[Ita Marama]] (an audit and accounting agency originating from [[the Oan Isles]]). asIt an adviser towas the governmentvision of TivotDrzevili to helptransform the countryTivot becomeinto a majorglobal financial centercentre.

Originally it built on the core strengths of Tivot as a nation such as political stability, proximity to major markets and its strong transshipment industry. Furthermore, through the [[Auroran Continental Assembly]], the country was able to gain greater access to the markets of the [[Aurora|Auroran]] continent. Although Aurora experienced tumultuous situations namely the [[Auroran-Pacific War]], the treaties and laws of the Auroran Continental Assembly were carried over to the UNAC, enabling the country to become a major financial centre and itin turn cement the Tivot Sandwich. Although other countries have BEPS tools, they do not have the geography, history, politics and, legal system and geopolitical clout to accomplish what Tivot achieved with the Tivot Sandwich.