Archive | July, 2006

Singapore and the Rise of the City State

Few nations in history have shown the remarkeable progress that Singapore has achieved over the past 40 years. In such a short period of time, the city-state of Singapore has gone from swamp land to one of the wealthiest nations in the world, making Lee Kuan Yew perhaps the most brilliant politican that has ever […]

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Ullberg’s “Chub Cay Blue” Set for Installation

Sculptor Kent Ullberg, widely recognized as one of the leading wildlife sculptors in the world, is set to install and dedicate his latest work, Chub Cay Blue. Installation is scheduled for July 31, 2006, and the sculpture will be dedicated, complete with a formal unveiling ceremony and attendance by Bahamian VIPs, on August 4. (more…)

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Tax-Haven Abuse is Examined

A Senate committee is turning the spotlight on abuse of offshore tax havens, particularly the use of trusts and corporate moves to circumvent U.S. tax, securities and antimoney-laundering laws. The Permanent Subcommittee on Investigations plans to explore how offshore tax abuses cheat the federal government out of billions of dollars … Continue reading “Tax-Haven Abuse […]

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Offshore Business Magazine

#08 – In this issue: GUERNSEY PLANS TO REINFORCE INVESTMENT BUSINESS SUCCESS – LIBERALISED FUND REGIME PROPOSED The report of a Committee chaired by Advocate Peter Harwood, tasked with ensuring the continuing health of the investment sector, is published today. It recommends some fundamental changes to regulatory lawsFull story on page.14 (more…)

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Online Bet Firms Fear Widening of US Investigator’s Net

British-based internet gambling companies were urgently consulting their lawyers yesterday about the risk of being targeted by US prosecutors in the wake of the arrest in America of the chief executive of BetOnSports. The mounting concern comes as the indictment raises the possibility that US investigators may spread their net wider than those already named. […]

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Dubai to Set Up An Offshore Financial Hub in India

Dubai International Financial Center(DIFC), a major regional offshore financial services hub, said it was in talks to create a financial district in India. Omar bin Sulaiman, governor of the state-owned DIFC, said the Indian center might open as early as 2007 but stressed that talks with the Indian government were “at an early stage”. Continue […]

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Life’s a breeze in Belize

With its manatees and monkeys, this small mainland country is great for nature lovers, says Claire Wrathall. There aren’t many manatees left in the Caribbean – perhaps a thousand – and we weren’t looking for them. But when our guide, Clive Garbutt, cut the motor of his small boat, everything fell quiet and there, sending […]

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All Bets Are Off

US Online Gaming Legislation Takes Away People’s Right to Choose This legislation is an attempt to block the ability of US citizens and people from around the world to transfer their funds through a US financial institution for the purpose of online gambling. (more…)

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Finacial Tools to Ward Off a Disaster

The good news: It isn’t necessary to shell out tens of thousands of dollars to set up a complex offshore trust or partnership. Some effective asset-protection strategies can be both simple and cheap, such as putting more money into a 401(k) plan, which is off-limits from most creditors under federal law. Continue reading “Finacial Tools […]

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