Archive | November, 2005

Offshore Internet Gambling

By Matt Richtel The New York Times – NEW YORK Jesse Ventura is no longer governor of Minnesota. But he is still pushing an agenda – in this case, sports betting over the Internet. Ventura is the new spokesman for BetUS.com, a Web site operated from Costa Rica that lets people wager on sports contests […]

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Offshore Business Magazine

Offshore Business Magazine has just released Issue#4 . This is the fastest growing financial and professional magazine for the offshore financial industry and its clients. The free Adobe acrobat provided by Offshore Business Magazine can be downloaded by clicking here.

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Canadian Expats

An OECD report shows roughly 7% of Canada’s most highly educated workers living abroad. That translates to nearly 500,000 people, the 4th largest number among all OECD nations. No doubt one reason so many Canadians have left is that Canada’s income tax law is territorial — if you live outside Canada, you’re not taxed on […]

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All quiet on the Western Sahara front

The guns have long been silent but 30 years since its takeover by Morocco, the future of the Western Sahara remains unresolved, writes Ian Black The anniversary is hardly on many minds, but that is only to be expected. For the event it commemorates sparked what it is still, 30 years on, the world’s most […]

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Savers find an offshore haven in Luxembourg

WEALTHY savers are finding ever more creative ways to dodge a Europe-wide crackdown on offshore tax havens that came into force on July 1, writes Kathryn Cooper. The latest escape route, dreamt up by Swiss private banks, uses a type of Luxembourg-based investment firm called a Sicav (société d’investissement à capital variable). The schemes are […]

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Resounding success of first eGaming industry awards

The winners of eGaming Review’s first ever eGaming Industry Awards 2005 were announced on Friday 4 November at a glittering event held at The Brewery in the heart of the City of London. With close to 600 guests attending, the awards were an indication of how far the offshore online gaming industry had travelled in […]

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US widens net on offshore tax

PayPal, the internet money-transfer arm of eBay, is to disclose the identity of customers who use the service to evade paying US taxes. The US Internal Revenue Service (IRS) is demanding records of customers using PayPal through offshore accounts in all tax havens, including Jersey, Guernsey, Isle of Man, Gibraltar and other UK dependencies, says […]

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Cuba gloats over anti-US decision

By Frances Robles – Cuba is claiming a victory at the Iberoamerican Summit in Spain, with the government-run media boasting that 17 heads of state used the controversial word ”blockade” to condemn the U.S. embargo against the communist island. The summit in Salamanca ended Saturday with a vote to urge Washington to lift the embargo […]

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Lawmakers Call for Senate Version of Patriot Act Reform

WASHINGTON – The American Civil Liberties Union today commended lawmakers from both sides of the aisle, and in both chambers of Congress, for calling for modest reforms to the Patriot Act. In bipartisan “Dear Conferee” letters addressed to members of Congress ironing out the differences between the House and Senate Patriot Act reauthorization bills, 163 […]

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