Tag: offshore
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The case for offshore
Eye-popping revelations in the Panama Papers have fanned concerns that the so-called “tax havens” lie at the centre of a giant web of criminal conduct. Some, including UK Leader of the Opposition Jeremy Corbyn, have demanded that these offshore centres be “shut down”, and so disconnected from the global grid. The uproar invites examination of…
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St. Kitts-Nevis Asset Protection
The “sovereign democratic federal state” of St. Christopher-Nevis (as its 1983 constitution ceremoniously describes it), has a governmental form and name almost bigger than its population (45,000), and total land area (267 sq. km.). But this tiny West Indies island nation, known to the natives as “St. Kitts-Nevis,” has become very big in certain exclusive…
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Offshore Havens ‘Declare War’ on Honest Taxpayers
By Paul Lashmar The US Senate has accused the Isle of Man, the Cayman Islands and other offshore havens of facilitating tax evasion that costs other countries billions of pounds every year. The accusations are made in a report by Carl Levin, chairman of the Senate Permanent Subcommittee on Investigations. He said: “I believe the…
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EU Orders Luxembourg to Repeal Tax Breaks
The European Commission has ordered Luxembourg to repeal its preferential tax regime for financial holdings by the end of the year. The commission said the scheme gives unjustified tax advantages to providers of certain financial services with holding companies in Luxembourg. Stable and high-income market economy features moderate growth, low inflation, and a high level…
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A question of offshore ins and outs
Are some South African investors developing an inverse relationship with offshore markets? Could some of us be subject to a strange, contrarian compulsion to get into markets just as the smart money gets out? Or perhaps we ring the changes by coming onshore just as the smart money goes off? The questions are prompted by…
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Comfort of offshore investment
The “invest offshore” message was loud and clear the other day, after news broke that somebody might have released foot-and-mouth disease on Waiheke Island. By the time you read this, the claim may have been proved a hoax. Here’s hoping so. If that’s the case, take warning from it. If it’s still not clear whether…