An offshore bank account can be described as: “a bank account maintained by an individual or business in a bank in any country of which they are not normally a resident”. Basically what this long phrase means is that if you are a British resident and you open a bank account in somewhere like Spain [...]

“Going Offshore” is a phrase that one commonly hears usually accompanied by a wry smile or a sly wink of the eye.
There is an assumption that somehow “Offshore” is “dodgy” and anyone who has an offshore bank account or business must automatically be up to no good. Phrases like “tax avoidance”, “tax evasion” and, increasingly [...]

Following this year’s Caribbean Investment Forum meeting in Port of Spain (Trinidad & Tobago) on the 11th and 12th June, several countries have announced that they too want to turn themselves into tax havens.
So why the sudden rush? Well the countries involved: Trinidad & Tobago, Jamaica and the Dominican Republic don’t exactly have what could [...]