Tag Archives: Offshore Companies
Political Double Dealing
On his 2008 Presidential campaign trail, Barack Obama made his hostility toward “offshore” jurisdictions very clear:
“There’s a building in the Cayman Islands that houses supposedly 12,000 U.S.-based corporations. That’s either the biggest building in the world or the biggest tax scam in the world, and we know which one it is.”
I know that building well; [...]
The Benefit of Offshore Trusts
For many years UK taxpayers benefitted greatly by transferring (settling) their assets in offshore trusts, but increasing ant-avoidance legislation has led people to believe that there is no point in using an offshore trust any more.
Whilst it is true that the tax advantages are no longer as good and they once were the fact is [...]
Jumping on the Tax Haven Band Wagon
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 [...]
