Tivot Sandwich: Difference between revisions

Following the [[Posolic Wars]], the Grand Republic of [[Salovia]] in 1834 was recognised as an independent and legitimate state. Tivot was a province of this new nation. Thus, Tivot's political and legal systems and economic structure developed in the context of being part of Salovia. Under [[List of Chancellors of Salovia|Grand Chancellors]] [[Mikhail Karanovi]] and (his successor) [[Orev Saloko]], the government of Salovia began rebuilding infrastructure and establishing institutional mechanisms for the functioning of the state. Their policies rebuilt the economy of Salovia. The effect of their policies was felt throughout the nation including in Tivot. Infrastructure such as the Port of Triklov was repaired and expanded. Coupled with trade treaties with nations such as [[Ayaupia]], [[Puntalia]] and [[Lapimuhyo]], Tivot became a hub for Salovian trade with the outside world, developing a reputation as a transshipment centre. In becoming a major transshipment centre, the nation laid the foundations to become a major financial centre in the years to follow.

 

 

Declaring independence allowed Tivot to escape the ravages of the decades-long [[Salovian Civil War]] that ensued shortly after the AIW. In a bid to cement its role as a global financial centre and to disentangle its economic fortunes from the quagmire of Salovia, now-Chief Executive Drzevili, enlisted the help of [[Ita Marama]], an Oan auditing firm to develop the policy mechanisms that would make Tivot attractive to foreign nations. Edwin Ita and Kaha Marama proposed the following policies:

Thus, Tivot positioned itself as a conduit OFC between onshore tax jurisdictions and sink OFCs. Due to its international reputation and the careful work of building its institutional mechanisms starting with Chief Executive Eliri Dzrevili, Tivot was able to gain the trust needed to enter into corporate tax liability treaties with both onshore and offshore jurisdictions. Tivot developed a highly sophisticated structure that involved taxation, company and IP law to develop the base erosion and profit shifting (BEPS) corporate tax tools that came to be known as the Tivot Sandwich.

 

 

==Overview of tax, company and property law==