Archive | January, 2005

South Pacific on my mind

A recent search of OffshoreNet has found very little information related to South Pacific Offshore Tax Havens, since then I’ve had the South Pacific on my mind. The closest I’ve ever been to the South Pacific is Hawaii when I was 18 years old, or Queensland Australia in my mid-20’s. In 1985 I was first-mate […]

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Last Day at Davos

Today was the final day (for this year) of the World Economic Forum in Davos, Switzerland and the question always gets asked “was anything achieved” or is there more rhetoric than results? I for one think it’s a great concept and find it very amusing that celebrities share a podium with business leaders and politicians. […]

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Silicon Palms re-designs OffshoreNet

A new look and a new strategy. The time has come for the OffshoreNet Blog to take on a more engaging role. If you’ve come here before you’d know that this Blog was not original content but a collection of articles re-published from other sources. Well, now we’ve decided to change the format, add categories […]

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All bets are off?

By Zach Coleman – After Mao Zedong led the Communists to victory in 1949, China’s new rulers suppressed gambling as a social evil on a par with prostitution and opium. But, as with so many other topics, Mao’s heirs to power in Beijing are much more equivocal about gambling today. Last month, officials from the […]

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Haitian traders face rough waters

By Joe Mozingo – The Haitian sloops ride the wind into port like rare tropical birds, their colorful hulls creaking and groaning, their ragged sails flapping against a backdrop of luxury cruise ships and beach resorts. The sea traders sail like they have for 200 years, in rickety, hand-hewn wooden ships up to 70 feet […]

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Cuba: an economy that lives in the past

By David R. Francis – It’s a former Soviet ally that toyed briefly with a little free enterprise. Its people are some of the poorest in the hemisphere. Condoleezza Rice, President Bush’s choice as secretary of State, has just labeled it one of six “outposts of tyranny” in the world. That’s Cuba, still clinging to […]

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U.S. Seizes Oil Wells Bought with Drug Loot

MIAMI (Reuters) – The U.S. government has seized an Arizona oil company and its wells that it said on Tuesday were bought with illegal money from a convicted drug kingpin who kept assets concealed in an offshore maze for decades. The Immigration and Customs Enforcement took over Shaboom Oil Inc. of Phoenix and its assets […]

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Halliburton — Poster Child For War Profiteering

by Evelyn J. Pringle – Of course, by now everybody has at least heard of Halliburton, the all-time poster child for war profiteering. But I’ll bet most people don’t understand exactly how this company has gone the full financial circle in Iraq. Some background info may be helpful. First of all it helps to know […]

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Taiwanese offshore stock market proposed

By Kathrin Hille – Taiwan’s financial regulator is considering creating an offshore stock market in an effort to establish the island as a regional fund-raising centre. The Financial Supervisory Commission also wants to improve the listing requirements as part of a plan to double capital raising by foreign investors. The offshore proposal, which could be […]

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Who Needs a Swiss Bank?

by Harvey D. Shapiro – The Gnomes of Zurich. The Banques Privée. Swiss bankers. For centuries, banking has been as closely associated with Switzerland as fashion is with Paris and oil is with Saudi Arabia. Indeed, the roughly 350 banks in this country of fewer than 9 million people manage about $2.7 trillion, fully one-third […]

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