The talk of the day is about Offshore Havens?

From the Offshore Banking and Investment Ebook

To take the mystery out of offshore havens, first we must define it. Only then can you clearly understand it.

An offshore haven is simply a country other than your own. To American, an offshore haven is anywhere you bank or invest outside the United States. If you are Canadian, any foreign land beyond Canada is an offshore haven.

Offshore havens come in every size, variety and political persuasion, and they can be found everywhere. There are islands that surround the United States, Bermuda, British Virgin Islands, and the Bahamas. These are all different tax havens. The Oriental countries like the Philippines, Hong Kong, and Singapore have been tax havens for many years before the above countries. What makes everything work so well is what we can do today better than what was done a few years back.

This is the age of digital electronics and electronic banking. Electronic banking can be done as easily from one continent to another, as easily as one neighbor walking to another neighbor’s house. 

The United States is an excellent Offshore Haven; it offers foreigners considerable tax breaks to invest here. Of course, these tax breaks are not available to the citizens of the United States. This also explains why middle-Eastern and Japanese investment capital flows into the United States. The favorable exchange rate and    foreign view that America is a bargain-hunter’s paradise adds to the shine of wealth. Offshore havens do not attract foreign money by chance they do it by design.  They intentionally restructure their laws to become more financially attractive and they do it quite creatively.

As some havens are becoming popular, others are losing their long standing position. Switzerland was once considered the ruler of the offshore havens, with its secret numbered accounts. Their ability to insure privacy has eroded largely due to international (mostly from the United State) pressure. The same is true of the Bahamas and the Caymans, who have recently attracted a great deal of political attention. In turn, some of the smaller upstarts, Cook Islands, Gibraltar, Nevis and the Turks can guarantee more protection because they are less subject to international pressures.

For more information get the Offshore Banking and Investment Ebook