04/07/19

From Comment

Is Midshore the New Offshore?

In today’s volatile political and regulatory environment, with global financial transactions subject to ever-increasing scrutiny, the dynamics of offshore financial centres are changing. Establishing and managing ongoing business activities from a traditional offshore location, such as the British Virgin Islands (BVI), the Cayman Islands, or Bermuda, is far from the simple affair it once was. Governments, prodded by political activism and an angry populace and eager to recapture their tax dollars, have gone to extreme efforts to eliminate the traditional ‘tax haven’, causing multinationals to revisit their decisions about where to base subsidiaries.

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