General Knowledge About Offshore Companies
For how long will offshore companies exist as species?
OK, there is a serious risk that the tax haven jurisdictions will die out one day. When? Exactly when all the high-tax countries will lower their corporate, income and capital gains taxes to nil, or at least close to nil. Impossible? We thought so... Despite the political and economic pressures exerted by the European Union, the United States and some of their notorious puppy organizations like OECD and FATF, the leading offshore financial centres have showed surprising resilience and are now doing better than ever. There is a simple reason for that - so many business people worldwide have voted with their wallets and have chosen to incorporate offshore, that offshore has penetrated all aspects and facets of global economy. A \"critical mass\" of global offshore-based businesses have been created a long while ago, and it`s growing stronger by the day.