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Offshore finance
Washington Times ^
| Tuesday, February 10, 2004
| By Richard W. Rahn
Posted on 02/10/2004 1:14:20 AM PST by JohnHuang2
Edited on 07/12/2004 4:13:16 PM PDT by Jim Robinson.
[history]
Grand Cayman -- Some of you reading this maybe thinking, "Ah Cayman, isn't that the place with all the illegal financial activity?"
It is true Cayman is the world's largest offshore financial center, and the world's fifth-biggest financial center, even though it is in the middle of the Caribbean on a small, pleasant island with only 40,000 people.
(Excerpt) Read more at washtimes.com ...
TOPICS: Editorial; News/Current Events
KEYWORDS: banking; cato; cayman; offshoreaccounts; offshorefinance
To: JohnHuang2
Good article. Makes a good case to get rid of the corporate tax.
2
posted on
02/10/2004 1:28:06 AM PST
by
#3Fan
To: JohnHuang2
Good post. I worked there for a year, adn it is true. Caymans make a whole lot more money off the legitimate funds, and you can't attract those if you take dirty money.
To: Viet Vet in Augusta GA
On the other hand, I've been in countries where the banks have 3-foot high piles of bundled U.S. currency on multiple office desks, as if they were processing crates of oranges.
4
posted on
02/10/2004 3:53:50 AM PST
by
angkor
To: angkor
There are some bad offshore centers, and some good ones.
I also worked in Cambodia in 1995-2000; why is your name "angkor"?
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