Why OFCs Should Mind Their Own Business (Audio)

 

3 thoughts on “Why OFCs Should Mind Their Own Business (Audio)

  1. H i Fran, this is a well reasoned response to the issue. OFC’s have to remember that the same OCED countries that are are pushing the TIEA’s are in fact some of the most active tax havens in their own right. The program is not to trap HNWI who are evading taxes, it is to move them into their jurisdictions to create it more business from their centers.

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    1. Hey Colin! Thanks! It’s absolutely crazy how much time and money is being spent on this one-sided agenda. With Phase Assessments looking at resources in OFCs public and private sectors to support the actual exchange of tax information more money will spent on this. That is if we don’t put a brake on this recognising that the next blacklisting exercise will likely start with the proposed global FATCA. Limited national, regardless of the size of the OFC should not be squandered on a lame duck model.

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