While tax havens (or interational financial centres) worldwide are receiving a beating, a report compiled by Society of Trust and Estate practicioners is attempting to navigate the dialogue in another direction. “Offshore financial centers play a key role in the international financial system, improving the availability of credit and encouraging competition in domestic banking... »
Latest Offshore Banking Articles
- Offshore Asset Protection Secrets They Don't Want You to KnowFor every moderately affluent person there comes the time to start thinking about the future: namely asset protection and preparing for the worst. Although we can all hope for the best, life shows us that those who are prepared win time and time again. Its not just the incredibly rich who have to think about these things, these days it's anyone who ac […]
- 5 Offshore Credit Card Mistakes to AvoidEveryone knows how hard it is to get a functional offshore credit card that's also half-way private. It's not your fault. […]
- Can Singapore Private Banking Replace Swiss Private Banks?Singapore private banking has grown massively over the past decade. Assets under management at Singapore private banks have grown to around 300Bn, 6 times what they were 10 years ago. It is estimated that Singapore manages around 5% of the world's private wealth, while Swiss private banking manages around a quarter. […]
- Are Private Offshore Banks More Secretive?Part of the reason why private offshore banks are called "private" is their reputation for secrecy. People expect private offshore banks in a country like Switzerland or Panama to keep confidential account records an issue between banker and client. […]
- Offshore Bank Accounts - Easy Introduction For First-TimersBond villains, corrupt dictators and even Bono can lay claim to offshore bank accounts. But what about the rest of us? Does anyone really need an offshore bank account, and how much money do you need to make it worthwhile? […]
- Montevideo Apartment Rental - Easy Introduction For First-TimersMontevideo is blessed with a plethora of apartments that will seem affordable to the US or European tourist. In other cities, you may have to settle for something out of town. In Montevideo, which is a living, working city - you can literally wake up and have sand at your feet. […]
Latest Story
MALTA RANKS HIGHLY IN GLOBAL “SECRECY INDEX”
A global secrecy index compiled by the TJN (Tax Justice Network) has placed Malta as 22nd most secretive jurisdiction in the world. Malta achieved an opacity score of 83 out of 100 for opacity and was judged “a long way from offering financial transparency”.... »
LUXEMBOURG AND GERMANY SIGN TIEA
Luxembourg and Germany have agreed on a Tax Information Exchange Agreement which will allow future data exchange over tax matters between the two countries. The treaty allows Luxembourg to further shed its “tax haven” image by incorporating the “internationally agreed” OECD standard in a... »
UBS FACES UP TO CHANGING OFFSHORE PRIVATE BANKING MODEL
Changes in the worldwide offshore private banking model and reputational damage from the losses of its investment banking arm mean UBS may continue to suffer private banking outflows. Whereas... »
SWISS BANKS STAY IN ITALY DESPITE LIGHTNING RAIDS
Despite a mix of generous tax amnesties and lightning police raids on their offices, Swiss banks in Italy are well position to re-receive Italian clients who leave their domestic... »
MAXIMUM SENTENCE FOR BETONSPORTS FOUNDER GARY KAPLAN
Gary Kaplan, the founder of the offshore gambling firm BetOnSports, has been given the maximum prison sentence of 51 months for “conspiring” to break racketeering laws in the US,... »