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21February

Offshore Tax Havens and International Financial Centres

The Rise of International Finance Centres

dual citizenship second passportThe stereotype associated with the words ‘offshore tax haven’ is depicted with many negative connotations, many of which are often exaggerated depictions and plagued with erroneous associations. Accompanying imagery brings up tropical Caribbean destinations in which greased whiten linen suit wearing mafioso types hand over briefcases full of unmarked currency to a local attorney who launders the money through an intricate series of offshore transfers.

The exaggerations, largely conjured up through Hollywood blockbusters, fills the head with such conceptualizations by exploiting the publics craving for tabloid-like headlines. As if often the case, the reality is a far cry from the romanticized picture captured by the camera.

Posted in offshore company formations, tax avoidance, international finance company, tax haven articles