STEP REPORT PROMOTES TAX HAVEN BENEFITS
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 systems”. This leads to greater invesment in major economies, and consequently greater growth and more jobs, the report claims.
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