Category: Tax Havens
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Beginners Introduction to Offshore Investment
The entertainment and news media paint a dark and shady picture of offshore investing but this is far from a normal occurrence. Most offshore investments are perfectly legal and may offer advantages over national investment. The simplicity of the term tells you that offshore investing takes place away from your country of residence. The purpose…
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Hong Kong IFC is the Key for China
With the rising economic power, China has been gradually undergoing slow but steady financial modernization. The economic success of Hong Kong is the indicator to it. The territory has established itself as strong financial sector in the last two decades. Hong Kong yearly incomes have been one of the highest levels in the world. The…
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Why Luxembourg is best for offshore investment
Why We Recommend a Luxembourg Regulator For Investor Protection The banking crisis in 2008 undermined the financial strength of institutions such as banks and insurance companies, and people are now once again concerned about the safety of their savings. The only certain way for investors to achieve security from institutional failure is through a state…
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Offshore Banking and Panama TIEA
Offshore banking and Panama The recent Tax Information Exchange Agreement (TIEA) between Panama and the U.S. will only have an effect on bank accounts held by U.S. citizens in Panama. Panama companies and foundations are simple to set up as 100% anonymous vehicles just as before as there have been no changes to the law…
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Dubai IFC & UAE Offshore Tax Haven
Dubai is without a doubt the most exciting International Finance Centre in the world and although a relative start-up as an offshore tax havens, it’s rapidly become the most dynamic banking and financial hub of the United Arab Emirates (UAE). Dubai has now grown big enough in the global banking scene to earn it’s own…
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Avoiding IRS Tax Controversy
Perfect planning avoids IRS controversies. In 2010 the Tax Court ruled that your long time CPA or attorney is no longer “independent.” His/her advise no longer protects taxpayers from excessive tax penalties. Taxpayers relying on an accountants or attorney’s advice regarding international transactions and cross border estates planning are not protected when the adviser is…
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Hong Kong – the right place at the right time
Hong Kong (HKSAR) – With the Prime Minister of Canada, Mr Stephen Harper, about to set off for an official visit to China this month, the Director of the Hong Kong Economic and Trade Office (HKETO) in Toronto, Ms Gloria Lo, on February 1 (Vancouver time) described Hong Kong as the right gateway for the…
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Guernsey business community to benefit from global expert
One of the world’s leading experts in financial services regulation and financial crime in offshore centres will give a talk to business leaders next month. Stephen Platt, a professor in law at Washington DC’s Georgetown University, who is based in Jersey, will talk to senior members of the trust and fiduciary industry including managing directors…
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Statement from Geoff Cook, Jersey Finance, relating to recent comments by Ed Miliband
We have noted with disappointment the comments made by the leader of the opposition, Ed Miliband, over the weekend, in which he urges action by the EU against British Crown Dependencies, including Jersey. It is disappointing when political leaders choose to make inaccurate accusations about Jersey which do not reflect the positive contribution that Jersey…