2000 International Tax Havens Guide: The Professional's Source for Offshore Investment Information Book

Fully 60% of the world's money is offshore, and more than half of the world's financial transactions take place offshore. Old offshore money grows faster than onshore money because there is no tax "waste," and there is an ever expanding supply of new offshore money. Hence the exponential growth of offshore money. Corporations and high net wealth individuals are concerned with increased profits, freedom from restrictive regulations, and asset protection. If there were no taxation, restriction, or problems onshore, there would be no funds deposited offshore and no activities carried on offshore. International offshore financial centers (IOFCs) are in strong competition with one another to attract investors. It should never be forgotten that among the IOFCs there lurk a vast number of high tax countries-wolves in sheep's clothing. Because tax practitioners and financiers who handle offshore transactions and operations normally make more money than those who stay domestic, their professional activities provide ever more grist to the offshore mill.Read More