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. […]
Offshore Banking
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... »
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 Swiss operations, say experts. The Italian branches of Swiss banks should receive enough Italian business to offset the majority of outflows should thousands of wealthy Italians... »
DELAWARE AND CITY OF LONDON IN TOP 5 SECRETIVE TAX HAVENS
Delaware, the City of London and Luxembourg have been rated among the most secretive tax havens in a report by campaigners for financial transparency. The Financial Secrecy Index, or FSI, was created to measure the secrecy of offshore financial centers by measuring how much privacy each jurisdiction offered and how willing they were to... »
DUTCH PAY INFORMANT FOR SECRET BANK RECORDS
The secret offshore account details of hundreds of dutch citizens have fallen into government hands, after authorities received a tip-off from an informant. The Dutch government say they will offer the informant compensation, in a situation that mirrors a similar 2008 when the German authorities paid for confidential bank account details from a Liechtenstein... »
US CONGRESS PRESENTS FURTHER MEASURES AGAINST TAX-DODGERS
Future measures against tax havens and offshore tax-dodgers were revealed Tuesday in US Congressional tax committees. A new bill has been dreamed up to stop US citizens from hiding their cash in secret bank accounts, and also hopes to raise USD8.5Bn over the next decade. The legislation follows attempts by US authorities to break... »
SINGAPORE TAKES STEP CLOSER TO ABOLISHING BANK SECRECY
Singapore moved a step close to opening up its famously strict bank secrecy laws when its parliament signed a bill Monday which allowing the island to adopt the OECD standard on tax information exchange. Earlier this year, Singapore was placed on a gray list by the OECD becaused it had not signed the required... »
BRITISH TAX HAVENS SET TO INTRODUCE CORPORATE TAX CHANGES
Changes in the tax code are underway in British crown dependencies Guernsey, Jersey and the Isle of Man. The island tax havens plan to change laws for insurers, captive insurers and reinsurers to make sure that they conform with EU standards, the Guernsey press agency Guernsey finance was reported as saying. http://www.businessinsurance.com/article/20091019/NEWS/910199996 »
UNPUBLISHED DOC ILLUSTRATES FURTHER BANK SECRECY PLANS
United States and EU officials have plans to give themselves greater access to each other´s secret banking databases – reports German newspaper Handelsblatt. An unpublished paper from the office of the EU President indicates that authorities aim to track terror payments more ruthlessly by sharing access to banking information, rather than through simple reveiws... »
IRELAND AND LIECHTENSTEIN SIGN TIEA
Irish and Liechtenstein authorities have penned a tax information agreement that will allow greater cooperation between the two countries over tax matters. The TIEA allows Irish tax authorities to ask for information concerning Irish citizens suspected of tax evasion, such as confidential offshore bank account information or documents which indicate beneficial ownership of an... »
BERMUDA, FRANCE SIGN TAX INFORMATION EXCHANGE AGREEMENT
Officials from Bermuda and France have announced a bilateral TIEA that will ensure full information exchange in civil and tax matters between the two parties. The agreement follows previous statements by French President Nicolas Sarkozy that ”tax havens” which do not follow article 26 of the OECD model tax convention should face sanctions. http://www.reuters.com/article/pressRelease/idUS131870+09-Oct-2009+BW20091009 »