Offshore financial centres… storm survivors!

This recent article from The Economist provides a potted history of the highs and lows for Offshore Financial Centres and reports on their resilience in the current economic climate.

http://www.economist.com/news/special-report/21571549-offshore-financial-centres-have-taken-battering-recently-they-have-shown-remarkable

The debate about tax havens continues, however there is recognition that the best regulated are no longer merely ‘sunny places for shady people’ but OFC’s will remain under intense pressure as tax compliance receives more political attention. There is an ongoing need to demonstrate that they are making a constructive contribution to the world economy.