Category: Tax Havens
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American Indonesian Chamber of Commerce
New Date: Chicago Investor Briefing on Southeast Asia’s New Expanded Special Economic Zone (off Coast of Singapore) to be Held – Oct. 31, 2008 The Province of Riau Islands in cooperation with Baker & McKenzie, the American Indonesian Chamber of Commerce (AICC) and the Consulate General of the Republic of Indonesia in Chicago invite internationally-focused…
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Offshore Investing: The Perfect Solution
Offshore investing is an expression heard often, but not necessarily understood by the masses. Here is a breakdown of the definition of the phrase and some generalizations concerning it. First of all, the term “offshore” indicates something being foreign or outside of the domestic territory of one of the G8. The G8 (Group of Eight)…
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Chinese Firms Continue Flocking To Low-Tax Hong Kong
In 2006, 282 Mainland companies invested in Hong Kong, injecting more than US$2 billion into the Hong Kong economy, China’s Ministry of Commerce (MOFCOM) reported recently. According to InvestHK, the Hong Kong Special Administrative Region Government department charged with encouraging and facilitating inward investment into the city, Mainland companies are attracted by Hong Kong’s international…
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Tax Haven Non-Sense and Deception
by Vern Jacobs There seems to be a huge amount of non-sense and some outright deception about the impact of tax havens and the alleged abuse of tax havens. The following comments are offered as an attempt to provide some balance to the arguments of those who rail against U.S. persons with foreign income, particularly…
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Luxembourg To Introduce New Investment Vehicle
The Luxembourg Parliament has adopted a law on Specialized Investment Funds (SIF), which offers a number of new features, including a broader definition of “eligible investors” to include both professional and private “well-informed” investors. The new law replaces the law of 19 July, 1991 which concerned collective investment schemes reserved for institutional investors. According to…
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The Future of Offshore Banking and Offshore Corporations
First it needs to be stated that no one has a crystal ball which predicts the future. These thoughts are just opinions and should be taken as such not as legal or tax advice. We will try to show the political positions of the countries that are not in favor of the tax haven offshore…
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DIFX Reaches Trading Agreement with Netherlands
The financial services regulator in the Netherlands has agreed to allow brokers there to connect directly to the Dubai International Financial Exchange (DIFX) and trade securities, in a decision that strengthens the international links of the exchange. The decision by the Netherlands Authority for the Financial Markets (AFM), in conjunction with the Netherlands Finance Ministry,…
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Global Investors Pour Money Into Ireland
Ireland has become the jurisdiction of choice for high value investments in hi-tech manufacturing plants, research and development projects and financial services according to the Irish government’s Industrial Development Agency (IDA Ireland) as it marked an “outstanding” year for growth and new investments in 2006. “Ireland is now seeking and winning high value investments, that…
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A Crash Course in Offshore Financial Centers
A Crash Course in Offshore Financial Centers is What You Need to Know But Won’t Read in Promotional Material presented by David Marchant, Publisher of OffshoreAlert, the world’s only news service exposing offshore financial crime. Financial Crime – The Last 12 Months A review of recent developments in financial crime, investigations and compliance, including takng…