Abstract
The Offshore Companies establishment and registration businesses have been developing for many years globally. It attracts the general users and develops prosperously, especially due to its nature of “confidentiality”. However, there are not many researches on the “confidentiality” of its internal documents in Taiwan so far. In April 2016, International Consortium of Investigative Journalists (ICIJ) revealed the Panama Papers, which raised impacts globally. The Panama Papers are 11.5 million leaked documents for more than 214,488 offshore entities, which created by Panamanian law firm and corporate service provider Mossack Fonseca and some date back to the 1970s. The leaked documents illustrate how wealthy individuals, including public officials, are able to keep personal financial information private. Therefore, this research discussed and analyzed the planning practice of Offshore Companies, the supply chains of consulting industry, the challenges faced, the “confidentiality” of its internal documents as well as the self protection mechanism for consulting industry, to realize the current status of Offshore Companies along with the consulting industry. Meanwhile, we collected and analyzed the reports related with the Panama Papers to find out the Information Security protection vulnerability together with the following influence on the development for Taiwan tax laws. Furthermore, the challenges what the Offshore Companies facing are getting more and more strictly. OECD announced the Base Erosion and Profit Shifting (BEPS) in February 2013, at the request of G20. In July 2013, OECD launched 15 Action Plans on BEPS at the G20 Finance Ministers’ meeting, winning the supports from the leaders attending the meeting as well as officially starting the global co-operation for international taxation system getting modernization. This research provided four self protection mechanisms for consulting industry. These are to build complete “System of Know Your Customer”, indeed implementation of the requirement for “Due Diligence”, rejection of the request from the high risk customer for the establishment of Offshore Companies, and reminding the directors to ask the shareholders to pay in the capital at the due time as well.