Tag: offshore tax haven
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Why Bermuda is a World Famous Offshore Tax Haven
Bermuda is known as a world-famous offshore tax haven due to its favorable tax and regulatory environment, as well as its reputation for being a safe and stable jurisdiction for international businesses. One of the key advantages of Bermuda as a tax haven is its tax-neutral status, which means that there are no corporate or…
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Hong Kong Rejects Corporate Tax Haven Designation
Hong Kong is puzzled and disappointed that it has been named a corporate tax haven by the European Commission. The claim that Hong Kong is a ‘non-cooperative tax jurisdiction,’ is “totally unfounded,” a Government spokesman said recently… Hong Kong is one of the members of the Global Forum on Transparency and Exchange of Information for…
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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…
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Cayman 8 points ahead of Guernsey in Banker magazine’s International Financial Centre survey
A survey by The Banker magazine shows that the Cayman Islands can hold their own against international standards relating to service or regulation. For the third time in a row, The Banker magazine’s 2011 International Financial Centre (IFC) survey has awarded the top spot to the Cayman Islands in the Specialized Financial Centre category, besting…
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British Virgin Islands as Offshore Financial Centre
The British Virgin Islands has reversed recent trends by becoming the only offshore financial centre to have its rating boosted in the latest Global Financial Centres Index (GFCI 9). The improvement comes against a backdrop of decline among all other offshore jurisdictions. The ninth edition of the GFCI revealed that the BVI has improved its…
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Monaco Opens Up Finances
Decades after becoming Europe’s number one tax haven, Monaco is to start collating and publishing figures showing it’s GDP for the first time. Your Monaco, who produce an independent travel guide for Monaco and Monte Carlo, say that those who are considering moving to Monaco because of her zero income tax policy have nothing to…