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The definition of an offshore financial centre dates back to academic papers by Dufry & McGiddy (1978), and McCarthy (1979) regarding locations that are: Cities, areas or countries which have made a conscious effort to attract offshore banking business, i.e., non-resident foreign currency denominated business, by allowing relatively free entry ...
A report published in Nature in 2017 on the analysis of offshore financial centres called: "Uncovering Offshore Financial Centers: Conduits and Sinks in the Global Corporate Ownership Network", [4] provided a quantitative and scientific approach to the classification of tax havens. [34] [35] [1] [3]
[2] [4] At one time it was the world's fourth-largest provider of offshore financial services. From its establishment in 1977 until the publication of the Panama Papers in April 2016, the company remained mostly obscured from public attention, even though it was a major firm in the global offshore industry and acted for approximately 300,000 ...
This is a list of people and organisations named in the Paradise Papers as connected to offshore companies. [1] The International Consortium of Investigative Journalists stated in their politicians database, as a disclaimer, "There are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any people ...
A letter by the District Attorney of New York, Robert M. Morgenthau, published by The New York Times, states that the Cayman Islands has US$1.9 trillion on deposit in 281 banks, including 40 of the world's top 50 banks, [6] although official statistics published by the Cayman Islands Monetary Authority suggest the amounts held on deposit are ...
Community Offshore Wind, a partnership between Essen, Germany-based RWE and New York-based National Grid, on Friday proposed a wind farm that would generate 2.8 gigawatts of electricity, or enough ...
The Tax Justice Network ranks the US third in terms of the secrecy and scale of its offshore financial industry, behind Switzerland and Hong Kong but ahead of the Cayman Islands and Luxembourg. [2] The United States has been popular as a destination for offshore funds for Chinese investors, said Canadian financial crimes expert Bill Majcher ...
The Chambers legal directory in its 2008 edition, recognised the move towards multi-jurisdictional specialist offshore firms, and included a new ranking for global offshore specialist firms, rather than by jurisdiction. [13] Arguably this was the first defined "offshore magic circle", although the directory did not use the term.