Costa Rica, the Southern-most country in Central-America, has 4 million citizens. Costa Rica, besides having one of the world’s largest areas of protected rainforest, is developing as an offshore financial centre.
Until 1995, Costa Rica’s banking industry was a state business, but since the banks have been privatized, slowly but surely the positive tax climate in […]
Popularity: 31% [?]
Posted on November 28th, 2007 by Banker
Filed under: Offshore Financial Centres, Tax Havens, Offshore Banking News | No Comments »
The IMF, the world’s monitor of the financial industry, has recognized the need to assess Offshore Financial Centres (OFCs) more closely. The main reason is that, according to the IMF, OFCs make up a significant part of global financial flows and because they have ties with other financial centres they can be very influential in […]
Popularity: 26% [?]
Posted on November 19th, 2007 by Banker
Filed under: Offshore Financial Centres, Offshore Investing, Offshore Banking News | No Comments »
Monaco is still among the tax havens that are named “un-cooperative tax havens”. In 2002, Andorra, Liberia, Liechtenstein, the Marshall Islands, Monaco, Nauru and Vanuatu were on the list of un-cooperative tax havens. Most countries managed to get themselves off the list, but Monaco stayed on the list, together with Liechtenstein and Andorra.
Being on […]
Popularity: 100% [?]
Posted on November 1st, 2007 by Banker
Filed under: Tax Havens, Banking Secrecy, Private Banking Analysis, Offshore Banking News | No Comments »
Take back what we said in September. This week’s nauseous lurch by UBS highlights the fact that, no matter how cosy they look, even the the big Swiss banks are not immune from globalisation. Credit Suisse are none too happy either, also reporting “adverse results” though nothing as as spectacular as UBS’s hiccup.
The rot began […]
Popularity: 30% [?]
Posted on October 3rd, 2007 by Banker
Filed under: Offshore Banking News, Swiss Banking | 1 Comment »
The Bahamas is an island group just east of Florida. The Bahamas were a leading offshore financial centre until the late 1970s, when its popularity started to decline due to accusations of money laundering practices and allegations of unfair tax competition. The Bahamas are more popular among Europeans than among Americans, because American citizens cannot […]
Popularity: 30% [?]
Posted on October 1st, 2007 by Banker
Filed under: Bahamas Offshore Banking, Offshore Banking News | No Comments »
It is said that the British tax office, HM Revenue & Customs, is tightening its regulations in order to find and catch tax evaders with offshore bank accounts.
Revenue & Customs has called for an exploratory meeting with the 170 largest banks in the UK, so see what can be done to prevent tax evasion and […]
Popularity: 14% [?]
Posted on September 26th, 2007 by Banker
Filed under: Offshore Investing, Offshore Banking News | 3 Comments »
