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kentuck

(110,950 posts)
Mon Apr 8, 2013, 08:15 PM Apr 2013

The British Virgin Islands hold about 40% of all off-shore accounts...

Our good friend, Great Britain, folks.

http://www.huffingtonpost.com/2013/04/08/caribbean-tax-shelter_n_3039269.html

<snip>

The British Virgin Islands — known in shorthand as the BVI — are home to roughly 28,000 souls and 500,000 active offshore companies. That represents about 40 percent of the offshore companies that exist around the globe, according to a 2011 World Bank report.

Secrecy is a selling point for outlanders who want to charter a company on the islands, which govern themselves as a British overseas territory.

....

Tax Justice Network, an anti-corruption advocacy group, ranked the BVI 11th highest among the most secretive jurisdictions on its global Financial Secrecy Index.

The BVI became a player in the offshore world in 1984, when local authorities passed the International Business Companies Act. The number of companies birthed in the territory grew quickly, swelling in a decade from fewer than 1,000 a year to 36,000 a year.

...more

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The British Virgin Islands hold about 40% of all off-shore accounts... (Original Post) kentuck Apr 2013 OP
The City of London - most important player in the global offshore system of tax havens dkf Apr 2013 #1
Thanks for that very enlightening information. kentuck Apr 2013 #2
Thanks for reading... dkf Apr 2013 #3
 

dkf

(37,305 posts)
3. Thanks for reading...
Mon Apr 8, 2013, 11:03 PM
Apr 2013

This is why I harp on UK regs btw. It's not to divert attention on US banks but because I think the UK is the loophole that gets us in trouble.

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