An examination of the locations of "offshore" banks (Bahamas, Bermuda, Canada), legal infrastructures, economics and services provided.
Written in 2000; 1,350 words; 4 sources; $ 47.95
From the Paper:
"Tax Havens Around The World
Around the world there are at least 50 governments and municipalities that are known as "tax havens" because of the laws that affect taxes on income and earnings held in the offshore banks. An article in The European describes the situation like this. "Today's typical tax haven is no longer the palm-fringed island bathed in year-round glorious sunshine. It is more likely to be the city-centre skyscraper of a worldwide consultancy firm, set in a country that has skilled professionals and sophisticated international communications"(Butler, Phelps & Gartland, 1996, 31).
Given that definition, then Switzerland, Liechtenstein and Luxembourg are "offshore" even though they are far inland. This is because those countries have the reputation, legislation and well-developed..."
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