Editing Corporate haven (section)

===The "Knowledge Economy"===

Modern corporate havens present IP-based BEPS tools as "innovation economy", "new economy" or "knowledge economy" business activities<ref name="sing">{{Cite web|title=Singapore's government says it's not a tax haven, it's a value-adding IP hub|url=https://www.smh.com.au/business/singapores-government-says-its-not-a-tax-haven-its-a-valueadding-hub-20150430-1mwvdu.html|work=Sydney Morning Hearald|date=30 April 2015|access-date=21 May 2018|archive-url=https://web.archive.org/web/20180522041846/https://www.smh.com.au/business/singapores-government-says-its-not-a-tax-haven-its-a-valueadding-hub-20150430-1mwvdu.html|archive-date=22 May 2018|url-status=live|df=dmy-all}}</ref><ref>{{Cite web|title=Intellectual Property (IP) regime in Ireland|url=https://www.grantthornton.ie/globalassets/1.-member-firms/ireland/insights/factsheets/grant-thornton-intellectual-property-regime-in-ireland-2015-final.pdf|publisher=Grant Thornton|date=August 2015|access-date=2018-05-18|archive-url=https://web.archive.org/web/20180519204449/https://www.grantthornton.ie/globalassets/1.-member-firms/ireland/insights/factsheets/grant-thornton-intellectual-property-regime-in-ireland-2015-final.pdf|archive-date=2018-05-19|url-status=live}}</ref> (e.g. some use the term "[[Corporation tax in the Republic of Ireland#Knowledge Development Box|knowledge box]]" or "[[patent box]]" for a class of IP-based BEPS tools, such as in Ireland and in the U.K.), however, their development as a GAAP accounting entry, with few exceptions, is for the purposes of tax management.<ref>{{Cite web|url=http://www.ey.com/Publication/vwLUAssets/EY-global-taxation-of-intellectual-property-20160518.pdf/$FILE/EY-global-taxation-of-intellectual-property-20160518.pdf|title=Global Taxation of Intellectual Property|publisher=Ernst & Young|date=2017|access-date=2018-05-16|archive-url=https://web.archive.org/web/20171003100906/http://www.ey.com/Publication/vwLUAssets/EY-global-taxation-of-intellectual-property-20160518.pdf/$FILE/EY-global-taxation-of-intellectual-property-20160518.pdf|archive-date=2017-10-03|url-status=live}}</ref><ref name= "ucla"/> A lawyer said "Intellectual property (IP) has become the leading tax-avoidance vehicle."<ref name="ucla"/>

When Apple "onshored" $300 billion of IP to Ireland in 2015 ([[leprechaun economics]]),<ref name="cofr"/> the Irish [[Central Statistics Office (Ireland)|Central Statistics Office]] suppressed its regular data release to protect the identity of Apple (unverifiable for 3 years, until 2018),<ref name="cso">{{cite web|url=http://www.cso.ie/en/media/csoie/newsevents/documents/pr_GDPexplanatorynote.pdf|title=CSO Press Release|publisher=Central Statistics Office (Ireland)|date=12 July 2016|access-date=13 May 2018|archive-url=https://web.archive.org/web/20171122183804/http://cso.ie/en/media/csoie/newsevents/documents/pr_GDPexplanatorynote.pdf|archive-date=22 November 2017|url-status=live|df=dmy-all}}</ref> but then described the artificial 26.3% rise in Irish GDP as "meeting the challenges of a modern globalised economy". The behaviour of the CSO was described as [[Put on the green jersey|putting on the "green jersey"]].<ref>{{cite web|url=http://www.cso.ie/en/media/csoie/newsevents/documents/seminars/globalisationinireland/Globalisation_-_Meeting_the_Measurement_Challenges_-_Michael_Connolly,_CSO.pdf|title=Challenges of Measuring the Modern Global Econpomy|publisher=Central Statistics Office (Ireland)|date=2017|access-date=2018-05-13|archive-url=https://web.archive.org/web/20180514064935/http://www.cso.ie/en/media/csoie/newsevents/documents/seminars/globalisationinireland/Globalisation_-_Meeting_the_Measurement_Challenges_-_Michael_Connolly,_CSO.pdf|archive-date=2018-05-14|url-status=live}}</ref>  Leprechaun economics an example of how Ireland was able to meet with the OECD's transparency requirements (and score well in the [[Financial Secrecy Index]]), and still hide the largest [[BEPS]] action in history.{{cn|date=January 2021}}

As noted earlier ({{slink||U.K. transformation}}), the U.K. has a Minister for Intellectual Property and an [[Intellectual Property Office (United Kingdom)|Intellectual Property Office]],<ref name="ukipo"/> as does Singapore ([[Intellectual Property Office of Singapore]]).  The top 10 list of the 2018 [[Global Intellectual Property Center]] IP Index, the leaders in IP management, features the five largest modern corporate tax havens: United Kingdom (#2), Ireland (#6), the Netherlands (#7), Singapore (#9) and Switzerland (#10).<ref name="gipc">{{cite web|url=http://www.theglobalipcenter.com/wp-content/uploads/2018/02/GIPC_IP_Index_2018.pdf|page=6|title=Global IP Index|publisher=GIPC|date=February 2018|access-date=2018-05-20|archive-url=https://web.archive.org/web/20180521021413/http://www.theglobalipcenter.com/wp-content/uploads/2018/02/GIPC_IP_Index_2018.pdf|archive-date=2018-05-21|url-status=dead}}</ref>  This is despite the fact that patent-protection has traditionally been synonymous with the largest, and longest established, legal jurisdictions (i.e. mainly older  G7-type countries).