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Not Singapore or Mauritius: Paris is the new tax haven for FPIs

18 Apr
Portrait of Mona Lisa in Paris

Global financial giant Citi has drawn financial ministry officials’ attention that foreign funds and global banks are taking advantage of India’s treaty with France by using Paris as a base for investments in India to escape tax, reports the Economic Times. Foreign funds and global banks may be taking advantage of India’s treaty with France […]

Mauritius to become Southern Hemisphere’s number 1 financial centre within a decade

17 Apr
Mauritius - Seascape

The comments from Nigel Green, founder and chief executive of deVere Group, follow the announcement that his company has received an investment banking licence from the Financial Services Commission of Mauritius. Mr Green observes: “As a firm, we spent months carrying out comprehensive research into the world’s leading and most established international financial centres in […]

Strengthening Singapore-Shanghai Collaboration in a Changing Financial World Order

14 Apr
Singapore-Shanghai Financial Forum - light reflection Singapore skyline

Singapore, 14 April 2017… The Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Services Office (SFSO) held the 3rd Singapore-Shanghai Financial Forum (SSFF) in Singapore today.  The SSFF is an annual forum that brings together industry participants from Singapore and Shanghai to discuss pertinent market developments and explore financial collaboration opportunities. More than 200 […]

Singapore Wealth Industry 2017 Sizing the Market Opportunity

07 Apr
Singapore wealth industry

“Wealth in Singapore: Sizing the Market Opportunity 2017” analyzes the Singaporean wealth and retail savings and investments markets, with a focus on the HNW segment. The report is based on our proprietary datasets. Singapore is Asia’s pre-eminent offshore investment center, with 80% of the wealth invested in funds sourced from non-residents in 2015. However, the […]

The Heavens. Annual Report

21 Mar
The Heavens

“The Heavens. Annual Report” Paolo Woods & Gabriele Galimberti Centre Assas | Université Paris 2 Panthéon-Assas AS A PART OF THE MOIS DE LA PHOTO DU GRAND PARIS 2017 The Université Paris II Panthéon-Assas and the Rencontres d’Arles are teaming up for a groundbreaking approach to the debate over major social issues by bringing specialists […]

European Parliament: The U.S. is a Haven for Tax Cheats and Money Launderers

15 Mar
The European Union flag in the European Parliament in Strasbourg

Earlier this week, we blogged about how the United States recently declared the Philippines to be a “major money laundering country.”  On the same day of our post, March 7, the European Parliament (EP) issued a Report which describes the United States as a growing haven for tax evasion and money laundering.  Specifically, the Report […]

A Future for Offshore Financial Services?

19 Feb
The parliament building in Bridgetown, Barbados

Globalization has been a one-way street of impositions by powerful countries; fiscal sovereignty has been violated by the strong; and tax competition remains under threat from the mighty. Indeed, if the current pattern of incursions, restrictions and false labelling of Caribbean jurisdictions as ‘tax havens’, and the Caribbean as a region of ‘high risk’, is […]

Global investment flowing through tax havens grows by $700bn

10 Feb
British Virgin Islands for Global Investments

The portion of global investment flowing through tax havens has risen by $700bn in two years, according to an analysis by ActionAid. The NGOs evaluation of data from the International Monetary Fund evidences a 5% increase in investment moving through tax havens between 2013 and 2015, from $11.8tn to $12.5tn. ActionAid said this growth was […]

Overseas Territories of the USA

05 Feb
The 16th-century Castillo San Felipe del Morro in San Juan, Puerto Rico - Overseas Territories of the USA

U.S. Census Bureau Daily Feature for February 6: Overseas Territories WASHINGTON, Feb. 6, 2017 /PRNewswire-USNewswire/ — Following is the daily “Profile America” feature from the U.S. Census Bureau: OVERSEAS TERRITORIES Profile America — Monday, February 6th. On this date in 1899, the Senate ratified the Treaty of Paris, concluding the Spanish-American War of 1898. The […]

Mnuchin’s Offshore Companies Underscore Need to Tackle Tax Havens in Tax Reform

29 Jan
Stripes USA and Offshore Companies Tax Reform

Statement by FACT Deputy Executive Director Clark Gascoigne WASHINGTON – The offshore companies controlled by Treasury Secretary-designate Steven Mnuchin featured prominently in his Senate confirmation hearings held last week in Washington.  It was revealed that the former investment banker managed companies with assets in Anguilla and the Cayman Islands, both widely recognized as tax havens. […]

Luxembourg House of Financial Technology (LHoFT)

22 Nov
Luxembourg House of Financial Technology (LHoFT)

Nasir Zubairi: Appointed CEO of the LHoFT The Luxembourg government and its partners are pleased to announce the appointment of Nasir Zubairi as CEO of the Luxembourg House of Financial Technology (LHoFT). The LHoFT is a new and exciting public-private sector initiative that will be dedicated to advancing Luxembourg’s fintech ambition. Its founding private sector […]