(Senior Minister Josephine Teo. Image – Today Online) In a recent commentary on the OECD Base Erosion and Profits Shifting (BEPS) project, while Singapore’s Senior Minister of State for Finance and Transport, Josephine Teo, did not discount the importance of BEPS, she has rightly advised caution in moving forward on this aggressive agenda in an … More Singapore Raises a Timely Caution on the OECD BEPS Agenda.
(Here’s What You Missed Last Week and a Look Ahead.) Your Summary of the biggest tax, trade and investment headlines affecting International Business and Financial Services Safe Havens Regain Appeal. EU’s New Plan for Safer Banks. Obama Renews Corporate Tax Reforms Fear Be Dammed: Why It is Time to Invest in Emerging Markets. State Bank … More franhendy’s OFFSHORE WEEKLY
Offshore wealth is now at 8.5 trillion dollars – a rise of 6.1 percent – and is expected to reach 11.2 trillion dollars by 2017. According to the Boston Consulting Group the top three destinations for this money are Switzerland, Singapore and Hong Kong; who together have only managed to muster a total of one … More (PODCAST) Why OFCs Need to Mind Their Own Business.
Eurostat – the statistical office of the European Union (EU) defines Bahrain, Hong Kong, Singapore, Philippines, Guernsey, Jersey, the Isle of Man, the Faroe Islands, Liechtenstein, Andorra, Gibraltar; Panama, Bermuda, the Bahamas, the Cayman Islands, the Virgin Islands and 23 unnamed others as Offshore Financial Centres (OFCs). EU Foreign Direct Investment (FDI) results for 2011 released this … More OFCs, Europe and U.S in a Love-Hate Relationship.