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Offshore finance Offshore finance

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GEORGE TOWN, Grand Cayman--Whether G-20 leaders choose to recognize it or not, the Cayman Islands and other well-regulated offshore jurisdictions are key players in the international financial community, ideally placed to play a part in a solution to the present economic difficulties. Several world leaders, due to meet in London on April 2 for the G-20 summit, have pointed the finger of blame at offshore financial centers for contributing to, or even causing, the world's financial crisis. The rhetoric is heated. British Prime Minister Gordon Brown recently stood before the U.S. Congress and asked, "How much safer would ...
although not precisely defined, is usually a small, low-tax jurisdiction specialising in providing the corporate and commercial services to non-residents in the form of offshore companies and the investment of offshore funds.
Another view on Plan B
on development prospects for small island tax havens. Co-authored by Mark Hampton and John Christensen, the paper explores how recent changes, including the emergence of strong civil society coalitions engaged in combating tax evasion and offshore secrecy, confronts small island tax havens with difficult decisions about their future. The paper argues that the 2007/8 financial crisis has changed the nature of the external pressures on tax havens, especially since major political power blocs face unprecedented fiscal pressures which force them to confront their massive tax losses from tax evasion. Unlike the situation at the start ... market research, surveys and trends
Hypocrite Geithner Says Private Sector Must Drive Economy | Visit ...
Like most politicians, Treasury Secretary Tim Geithner likes to talk out of both sides of his mouth, generally saying contradictory things in sound bites that may sound reasonable at first glance, but look idiotic upon closer inspection. For example please consider Private sector must drive economy: Geithner During an interview on NBC's "Meet the Press," Geithner also said the government has big plans for reforming Fannie Mae and Freddie Mac, the housing finance giants that now stand behind most of the mortgages in the U.S. after being bailed out by taxpayers during the 2008 financial crisis. Geithner said Sunday ... market research, surveys and trends


Offshore Financial Centers -- IMF Background Paper
The existence of offshore financial centers (OFCs) affects the work of the Fund in several ways. First, a better understanding of the activities taking place in OFCs can contribute to strengthening financial system surveillance by improving abilities to identify and deal with surrounding risks at an early stage. Second, OFCs are generally used not only by major industrial countries, but also by emerging market economies whose financial systems are perhaps more vulnerable than others to reversals in capital flows, rapid accumulation of short-term debt, unhedged exposure to currency fluctuations, and selective capital ... industry trends, business articles and survey research
FINANCE: Corporate Profits Take an Offshore Vacation - IPS
NEW YORK, Feb 23, 2007 (IPS) - Last week, Merck, the pharmaceutical multinational, announced that it will pay 2.3 billion dollars in back taxes, interest and penalties in one of the largest settlements for tax evasion the U.S. Internal Revenue Service (IRS) has ever imposed. Merck had cooked its tax books by moving ownership of its drug patents to its own Bermuda shell company - an entity that has no real employees and does no real work - and then deducting from U.S. taxes the huge royalties it paid itself. While setting up a shell company is not inherently illegal, it is if tax authorities determine that its only ... industry trends, business articles and survey research
UK Tory MP backs offshore finance centres
A conservative MP in the UK has spoken up for the world’s international financial centres (IFCs) in a debate in the British parliament this week.  Mark Field, the Tory MP for the Cities of London and Westminster has argued that small international financial centres (IFCs) have endured unwarranted “political attacks and misguided criticism as major governments seek to understand the cause of the global financial crisis”. Field said initiatives currently being driven by the OECD, the G-20, the Financial Action Task Force, the EU and national governments run the risk of inaccurately pinpointing small IFCs as ... market trends, news research and surveys resources
Heavyweight speaker line up from UK and Jersey for Inaugural Directors Convention
Leaders from business, sport, politics and the military are taking part in a Directors Convention to analyse and discuss how Jersey’s private sector has to develop its skills to play a vital part in the future prosperity of the Island. The Jersey International Business School (JIBS) Annual Directors Convention, staged in association with the Jersey Evening Post, is a first for Jersey and is entitled ‘Can Jersey Survive?’. The one day conference is designed to help motivate directors in Jersey attain higher levels of performance in leadership and management skills. Co- hosted by the Director General of the ... market trends, news research and surveys resources


Identifying Tax Havens and Offshore Finance Centres. 2. OECD list of tax havens. The main listings of tax havens have been developed by the Organisation for ... technology research, surveys study and trend statistics
GAO-09-478T Tax Compliance: Offshore Financial Activity Creates ...
Mar 17, 2009 ... U.S. Taxpayers Are Required to Report Offshore Financial Activity ... with the tax laws as they pertain to offshore financial activity is of ... technology research, surveys study and trend statistics
Re-Regulating Offshore Finance?
This article explores global efforts to regulate offshore finance in the ... effort to re-regulate offshore finance did lead to the creation of new 'hard' ...
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Best Friend's Offshore Savings Acct - convert to Time Deposit or ...
Hi, my very dear best friend since childhood has had a savings account in the Philippines and I wanted to help her decide on what to do with it. It has doubled to 40000 PHP in 5 years, not really a big sum lol. 1. Is she better off taking them all out and putting it in a US bank account? Will there be any charges for transferring? 2. Should she invest them in silver instead? 3. Or would it be best to leave it there and convert it to a time deposit account and wait to mature or something? Thank you so much! Member since: May 06, 2010 Total points: 11906 (Level 6) Badge Image: 1. An account that doubled from 20,000 to 40,000 PHP ...
What is the benefit of incorporating offshore and where should it ...
One of the advantages is asset protection. Certain jurisdictions allow LLC iron-clad protection in the event of a charge order (court claim) against the company's assets, posted 2 months ago Experienced real estate lawyer see all my answers Do a bit more research on asset protection, preferably getting your info from someone who does not peddle these schemes. posted 2 months ago Hello David, While forming a company offshore is considered a smart business move, it also carries a negative perception of being a form of tax evasion. However, incorporation of businesses using offshore location is a widely used tool. The main ...