Category: Tax Havens
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The Financial Centre of the Year (Mena)
Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, is awarded “The Financial Centre of the Year (MENA)” for 2nd consecutive year by the Global Investor/ISF publication at the annual MENA Capital Markets Summit & Awards in Dubai. This accolade, presided by a prestigious independent panel of industry judges, recognises ADGM for…
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Buried Treasure: How Much Is Hidden in Tax Havens?
Switzerland, which developed cross-border wealth-management in the 1920s, once was in a league of its own as a tax haven. Since the 1980s, however, tax-dodgers have had a rich menu to choose from: They can hide assets anywhere from the Bahamas to Hong Kong. The percentage of global wealth held offshore has increased dramatically—but it…
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What Puerto Rico Tells Us About Global Trade
Trade in tax often trumps trade in tasks. The United States compiles data about Puerto Rico’s trade with the world. The largest supplier of imports to Puerto Rico? Ireland. The second largest? Singapore. Tax trumps gravity, it seems. Incidentally, Switzerland jumped into third place in the 2016 league table, leaping past other exporters of chemicals and Puerto…
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How To Invest In Bermuda
Why Invest In Bermuda? Bermuda is an island nation in the Atlantic Ocean that is known for its resorts and also as an offshore financial hub. With a population of just 65,000 people, its economy is small and so most investors would not even consider Bermuda as an investment destination. However, in its transformation into…
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Gibraltar Prepares For Regulation Of Cryptocurrency Exchanges And ICOs
On Friday, the Gibraltar Financial Services Commission released a warning about investment in token offerings (ICOs). Presently, the supervisory agency is weighing legal guidelines for the crowdfunding mechanism. In January 2018, the GFSC will institute a regulatory framework for firms that manage others’ assets using distributed ledger technology. On September 22, 2017, the Gibraltar Financial…
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New OECD report rates Cayman Islands as ‘largely compliant’ on tax information exchange
GEORGE TOWN, Cayman Islands — A new peer review report by the OECD’s Global Forum on Transparency and Exchange of Information for Tax Purposes has rated the Cayman Islands as “largely compliant” with the international standard (tax information exchange) – the same rating as Canada, Germany and Australia. “By rating the Cayman Islands as ‘largely…
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Mauritius – the gate for Chinese Investment into Africa
[box size=”large”]The data published by the Mauritius central bank and central statistics bureau in April shows that in 2016 China is the second largest foreign investor in (US$70 million, following US$128 million from France) and the largest exporter to (17.7%) Mauritius.[/box] [box type=”info”]In the same period, China’s investment into the African continent reaches US$3.3 billion…
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The Crucial Role of Offshore Centers in the Global Economy
[box size=”large” border=”full”]Industry representatives in the British Virgin Islands are shouting it from the rooftops: BVI’s financial services sector is a boon to the global economy.[/box] [box type=”note”]A recently released economic impact report commissioned by BVI Finance shows:[/box] 417,000 companies are registered in BVI The companies have US$1.5 trillion in global assets The sector supports…