The Value of Offshore Banking to the Global Financial System
Author: John E. Baiden
Publisher: Xlibris Corporation
Published:
Total Pages: 62
ISBN-13: 1465359257
DOWNLOAD EBOOK →Author: John E. Baiden
Publisher: Xlibris Corporation
Published:
Total Pages: 62
ISBN-13: 1465359257
DOWNLOAD EBOOK →Author: Gabriele Pauliuk
Publisher: GRIN Verlag
Published: 2021-03-18
Total Pages: 21
ISBN-13: 3346367428
DOWNLOAD EBOOK →Seminar paper from the year 2018 in the subject Business economics - Accounting and Taxes, grade: 8, , language: English, abstract: In this paper the author is presenting a multi-level analysis on the topic of offshore banking industry, more commonly defined as “tax haven”. The goal is to set a theoretic base behind the definitions of “offshore banking” and “tax haven” as well as identify the most important legislations of both onshore and offshore governments which highly impact the size of the offshore banking industry. Finally, the paper aims to take a glance at different perspectives: local and offshore governments and, on the other hand, companies or individuals who add up to the population using offshore banking. The latter includes naming benefits and disadvantages of every variable of this analysis as well as focusing on real life examples such as Cayman Islands and Cyprus as “tax havens” and US together with EU for law and ongoing campaigns background.
Author: Jiang Jing (Sean)
Publisher: 香港律师协会出版社 Hong Kong Lawyers Association Press
Published: 2024-06-23
Total Pages: 69
ISBN-13:
DOWNLOAD EBOOK →A Passion for Offshore Wealth & Success Offshore Financial Group: a leading global financial services provider specializing in a comprehensive suite of offshore financial solutions. With a rich heritage spanning over 10 years, our group has established itself as a trusted partner for individuals and businesses seeking to optimize their financial assets and investments. Our Services:·Asset Management;·Wealth Structuring;·Tax Advisory;·Estate Planning. We are committed to delivering bespoke solutions that are both compliant with global regulations and aligned with your financial objectives. Mr. Jiang Jing (Sean) is seasoned investment banker & fund manager (U.S., China, HK), and experienced lawyer (U.S. & China) with 20+ years’ experience in U.S., HK, China, and global capital markets. He serves as the Chairman of US International Finance Foundation & China Hedge Funds Association. He is also the founder of IPO DreamWorks, the Manager Director of Xinde Financial Group, the founding partner and CEO of United Securities Legal Group, and the dean of Sunde Financial College. He has managed 1.5 billion+ investment funds, participated in, coordinated, and/or orchestrated many high-profile capital markets deals. Tel: +1 917 985 7989 (U.S.); Tel/WhatsApp/WeChat: +852 5162 6310 (HK) +86 139 1030 7135 (China) [email protected]
Author: William Brittain-Catlin
Publisher: Farrar, Straus and Giroux
Published: 2007-05-15
Total Pages: 292
ISBN-13: 0374707952
DOWNLOAD EBOOK →A revealing-and chilling-exposé on the hidden side of global wealth and power A revealing-and chilling-exposé on the hidden side of global wealth and power Offshore is an unprecedented exploration of perhaps the most mysterious aspect of global society today-and one of the most provocative books about money and business to appear in the decade since the age of globalization began. The world of offshore finance is one of dummy companies, shadow bank accounts, post office boxes, foreign registries, and the like, which allow giant corporations--such as Wal-Mart, British Petroleum, and Citigroup--to keep huge profits out of sight of investors, regulators, and the public. Whether in the Cayman Islands or the shadowy redoubts of the Islamic financial center of Labuan, Malaysia, "offshore" is where the game of profit and loss is played. A third of the world's wealth is held offshore. Eighty percent of international banking transactions take place there. Half the capital in the world's stock exchanges is "parked" offshore at some point. Trained as a reporter and a private investigator, William Brittain-Catlin brings both skills to this gripping book. He tells the story of how tax havens have become central to global finance today; in so doing, he takes us into the secret networks of Enron and Parmalat, behind international trade disputes, and into organized crime and terror networks, giving disquieting evidence that, through offshore practices, the key value of capitalism and civilization alike-freedom-is being put in grave danger.
Author: Marcel Cassard
Publisher: International Monetary Fund
Published: 1994-09-01
Total Pages: 68
ISBN-13: 1451946783
DOWNLOAD EBOOK →The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.
Author: Mark P. Hampton
Publisher: Springer
Published: 2016-07-27
Total Pages: 287
ISBN-13: 1349251313
DOWNLOAD EBOOK →This book opens up the secret world of tax havens and offshore finance centres (OFCs), a vast offshore business valued at over one trillion US dollars. It is a timely and original analysis of the role of OFCs in the emerging global economy. The book discusses who uses OFCs, how OFCs work and what drives their development. Extensive use of case study material from Jersey illustrates the growth of a successful OFC and its impact upon a small island.
Author: Edmund Kwaw
Publisher: Bloomsbury Publishing USA
Published: 1996-03-25
Total Pages: 252
ISBN-13: 0313367795
DOWNLOAD EBOOK →Dr. Kwaw provides a wide-ranging discussion of the offshore banking and finance process, structure, and law—including, among other topics, eurocurrency wholesale deposits, international funds transfers, eurocurrency syndicated loans, eurosecurities issues, securities regulation, and swap-driven financing. Kwaw discusses both the deposit and credit sides of the offshore banking and finance market, then takes readers through a hands-on description of the nature of a eurocurrency deposit, the laws governing such deposits, and the common law of funds transfers. On the credit side, Kwaw treats regulations and common law rules for offshore banking and finance, including Exchange controls, U.S. and U.K. securities regulation, and governing law issues. A useful, readable book for professionals in banking, finance, investment and their academic colleagues. Dr. Kwaw's book is a discussion of the structure and process of offshore banking and finance and the common law and regulations that govern offshore banking and finance activities. This wide-ranging introduction to the facet of offshore banking, usually referred to as the eurocurrency market, treats not only the deposit side of the eurocurrency market—the deposit and placement of wholesale funds in foreign currency—but also the process by which funds that are deposited in offshore accounts are either loaned to borrowers or transformed into other financial assests such as eurosecurities. On the deposit side of the market, Kwaw discusses the process of placing wholesale deposits into offshore accounts, and the interbank placement of such funds by eurobanks or banks that engage in wholesale transactions involving foreign currency. On the credit side he looks at the various financing methods—how the funds that are deposited in offshore bank accounts or eurocurrency accounts are then made available to investors and borrowers. The credit side thus includes the nature of syndicated eurcurrency loans, the nature and process of issuing eurobonds and other eurosecurities, and offshore financing methods such as swap-driven financing. Kwaw then examines the framework of common law rules and other regulations. From the deposit side he discusses the nature of legal relationships between parties to offshore currency deposits and parties involved in international funds transfers, then the nature of the legal relationship between offshore banks and funds transfer networks and the laws governing funds transfers. On the credit side he studies the laws governing international financial transactions, the exchange controls that may be imposed on offshore banking and financing transactions, the legal relationship between parties to syndicated eurocurrency loan agreements and the law governing them, the relationship and law covering parties to eurosecurities issues, and finally the legal relationship between parties to swap-driven financing. An important, readable, useful book for professionals in banking, finance, investment, and their academic colleagues.
Author: Mr.Luca Errico
Publisher: International Monetary Fund
Published: 1999-01-01
Total Pages: 57
ISBN-13: 1451842163
DOWNLOAD EBOOK →The paper takes a closer look at offshore banking—a pervasive practice that has played a role in recent crises. Offshore banking is an increasingly attractive alternative to the sometimes heavily regulated financial markets of emerging economies. From a microeconomic vantage point, offshore banks seem to exploit the risk-return tradeoff by being more profitable than onshore banks, and in many instances also more leveraged. Risks stemming from offshore activities may be easily transmitted onshore with systemic consequences. Current prudential and supervisory frameworks are broadly adequate for risk management if effectively and universally implemented.
Author: Daniel Haberly
Publisher:
Published: 2015
Total Pages: 23
ISBN-13:
DOWNLOAD EBOOK →Lying at the heart of offshore finance is a basic contradiction. On the one hand, offshore finance is fundamentally driven by the desire to protect private property from the state; on the other hand, this property is itself ultimately dependent on the protection of the state. This dilemma has recently been highlighted by crises in Iceland, Ireland, and Cyprus in particular; however, there has to date been no systematic research into its implications for the stability of the global offshore system. Here we seek to fill this gap, by theoretically and empirically problematizing the geographically uneven impact of the global financial crisis on the worldwide offshore banking network. Our results indicate that the shift from territorial to nationality-based regulation under Basel encouraged a shift, in the 1990s and early 2000s, from risk-externalizing to risk-internalizing offshore banking center development. This saw a relative decline in the traditional staple of foreign bank booking -- wherein the costs of backstopping a potential crisis were shifted to other states -- and a concomitant growth of national banks backstopped by offshore states themselves. This growth interacted with the international geography of currency usage to produce an uneven pre-crisis landscape of offshore banking vulnerability, which materialized following the shock of the global financial crisis. In the aftermath of the crisis, the most resilient offshore centers were those which had either: 1) preserved the traditional foreign bank booking model, 2) pursued a “state capitalist” offshore banking model, wherein national bank foreign currency liabilities are hedged by sovereign foreign currency reserves, or 3) developed an exceptionally diverse and robust network of foreign funding sources.
Author: Hoyt Barber
Publisher: John Wiley & Sons
Published: 2006-12-05
Total Pages: 336
ISBN-13: 047005123X
DOWNLOAD EBOOK →Filled with in-depth insight and expert advice, Tax Havens Today arms you with the knowledge, strategies, and contacts needed to avoid expensive mistakes and make the most of your offshore endeavors. Divided into four comprehensive parts, this timely resource will bring you completely up to speed on a variety of issues that anyone aspiring to go offshore must be familiar with.