Archive | June, 2004

Companies face scrutiny over tax haven

By David Evans On a January afternoon in George Town, the capital of the Cayman Islands, the sun beats down on three cruise ships anchored at Hog Sty Bay. Along the waterfront on Church Street stands a five-story office building called Ugland House. From the outside, there’s no way to see it’s the official address […]

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US scam targets MacBank shares

By Blair Speedy AUSTRALIAN Federal Police are investigating a US-based website purporting to represent Macquarie Bank in order to defraud investors. The website, for a company calling itself Macquarie Securities (USA) Inc, carries the Macquarie Bank logo and claims to assist offshore citizens wishing to invest in US securities. Macquarie said yesterday the site had […]

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Offshore Seminar in Costa Rica

This seminar starts out addressing the beginner’s most basic questions about offshore asset protection and transcends to top-tier practical, technical issues for the heavy offshore investor. A question and answer session immediately follows this fun, interesting and information-rich presentation, with time allotted to speak with the presenter personally for individualized specific information.

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Investors eye new African government debt markets

By Peter Apps LONDON (Reuters) – Sub-Saharan African debt markets remain the preserve of local players and a small number of foreign investors, but greater offshore interest is stirring among funds and houses seeking diversity. International bond investors have long been involved in the South African government debt markets but war, corruption, default and currency […]

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11,000 Tax-Dodgers Repay Ireland $600M

DUBLIN, Ireland – About 11,000 residents of Ireland who were caught hiding huge sums overseas have paid $600 million in overdue tax and penalties under threat of legal action, Ireland’s tax collection agency said Tuesday. The Revenue Commissioners said the tax-dodgers voluntarily paid that amount in overdue taxes and penalties rather than face larger fines, […]

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Offshore financial centers affect capital flow into China

By Zhong Jing According to a research report completed recently by a research group with the Chinese Academy of International Trade and Economic Cooperation (CAITEC) of China’s Ministry of Commerce (MOC), a number of offshore financial centers like the British Virgin Islands, Cayman Islands, Western Samoa and Bermuda have become important sources of foreign investment […]

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Investment is too good to be true

The investment couldn’t miss. Put $80,000 in an offshore bank and watch the money grow. At first, it seemed as if Jim and Phyllis Miller were smart to follow a friend’s financial advice. Five months after making the plunge, the Citrus Heights couple received an interest check for $5,000, far more than their old IRA […]

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Changes To E-Gaming Rules Paying Off For IoM

Recent changes in the regulatory structure of the e-gaming sector in the Isle of Man have been successful in attracting some big name players to the jurisdiction, the government has announced. “The recent reduction in our licensing fee together with revisions that allow peer-to-peer gaming and pooled jackpots have removed significant barriers to e-gaming business,” […]

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