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International Monetary Fund. Asia and Pacific Dept

Trustee Companies Amendment Regulations 2014 International and foreign companies International Companies Act 1981–82 International Companies Amendment Act 2007 International Companies Amendment (No.2) Act 2007 International Companies Amendment Act 2013 International Companies Amendment Act 2015 International Companies (Forms) Regulations 1982 International Companies (Prescribed Fees) (Amendment) Regulations 2014 Limited liability companies Limited Liability Companies 2008 Limited Liability

International Monetary Fund. Asia and Pacific Dept
This technical assistance mission report underlines efforts to estimate the economic and revenue contributions of the international financial services industry in the Cook Islands. This report discusses the data and methodology used and presents the results. One matter that has been raised is that international companies are exempt from all taxes in the Cook Islands. The economic contribution of the international financial services industry can be measured by the value added of resident institutional units engaged, directly or indirectly, in the production of international financial services in the Cook Islands. The production of international financial services generates income which is distributed to the various agents or groups of agents who use that income to acquire goods and services for consumption now or later. The international financial services industry also contributes indirectly to gross domestic product through two channels. The first channel is through the goods and services that the industry purchases from other suppliers, such as electricity, accounting services, telecommunications, etc.