Category: Tax Havens
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The Multi National Corporation Example
[box]There is an apt analogy between multi-national corporations doing business around the world, and individuals who legally hold dual or multiple citizenship, using their passports for world travel and business.[/box] By registering under local laws in more than one political jurisdiction, a corporation has the right to do business in each country where they qualify.…
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Liquidity Crisis
Hurricane Ivan ripped through the Cayman Islands at 150 miles an hour. I saw it on television with Bootstrap McDoogle. “No, no, no,” he said, sticking his head into his hands. “No one likes hurricanes,” I told him, “but it’s an act of God.” He said, “My money is in an offshore bank account there…