Invest Offshore

Category: Tax Havens

  • New Directives Threaten to Eliminate Tax Haven Status of Monaco, Andorra

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    Media reporting of an EU tax directive, effective from July 1, suggests the European tax haven status of Monaco and Andorra could be under threat. Tribune Properties contend that the real incentive for people moving to Monaco and Andorra remains intact – no income and inheritance taxes. (PRWEB) July 27, 2005 — Media reporting of…

  • Sitting pretty on plentiful gas

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    BEIRUT: With a population of little more than 850,000 and oil and gas money pouring in, the tiny state of Qatar is oozing with confidence about the future. And like it’s larger Gulf neighbors, Qatar is busily attempting to use its petrodollars to diversify into tourism and financial services. Leaving aside the question of whether…

  • Foreigners Invest US$8.9 Bln in S. Korea Through Tax Havens

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    SEOUL, June 28 Asia Pulse – Foreigners invest a total of US$8.9 billion into South Korea through countries offering very favorable tax laws for foreign businesses and individuals, according to the country’s tax authorities Tuesday. In a report to the National Assembly, the National Tax Service (NTS) said about $6.6 billion of the investments came…

  • Gulf Arabs Bet Theme Park, Cargo Firm Will Temper Next Oil Bust

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    Persian Gulf monarchies, flush with record oil revenue, are betting that a $7.5 billion theme park with an indoor ski slope, a $1.2 billion power grid and a $1.2 billion cargo shipper will shield them from the next energy bust. Gulf investors have announced $8 billion of overseas acquisitions in the past 18 months, including…

  • Canadians investing offshore grows sharply

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    OTTAWA – Canadian investment in offshore financial centres, including so-called “tax havens,” shot up eight-fold between 1990 and 2003, Statistics Canada reported Monday. Between 1990 and 2003, Canadian assets in those countries went from $11 billion to $88 billion. They accounted for more than one-fifth of all Canadian direct investment abroad in 2003, double the…

  • Offshore: A simple plan

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    Europe’s role in the global investment fund market has become increasingly prominent. The introduction of alternative investment strategies has created a more competitive arena. As a result, jurisdictions closer to the European market are becoming a more attractive platform for offshore investments and a A simple plan. The Guernsey regulator — the Guernsey Financial Services…

  • Introduction to Offshore Investments

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    Tax is the driving force behind ‘offshore’, but for the great majority of well-off individuals considering offshore investment, tax is not directly an issue. They reside in high-tax areas such as the EU, the US, Canada or Japan, they pay their taxes, and if they make ‘offshore’ investments, it is in pursuit of higher returns,…

  • Isle of Man to cap income tax

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    THE Isle of Man is planning to increase its already large number of tax exiles by imposing a cap on income tax. [box]The Irish Sea island, famous for its annual TT motorbike race, is keen to attract high net worth individuals who want to reduce their income tax liabilities.[/box] Treasury Minister Allan Bell said he…

  • Corporations in Search of Paradise – Fiscal, That Is

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    DAVOS, Switzerland, Jan 27 (IPS) – All of the rhetoric about corporations’ social responsibility, promoted in the international arena and adopted by the World Economic Forum (WEF), suffers from a structural flaw because it pays little attention to corporate tax evasion, say activists. Despite the recent headline-grabbing cases of tax fraud — by the likes…