American tax money for Bermuda, Swiss ?

Offshore banking

Statistics concerning offshore banking

 

Offshore banking, which has a historic association with tax evasion or organized crime, is an important part of the international financial system. Experts believe that as much as half the world's capital flows through offshore centers. Tax havens have 1.2% of the world's population and hold 26% of the world's wealth, including 31% of the net profits of United States multinationals. According to Merrill Lynch and Gemini Consulting's “World Wealth Report”, one third of the wealth of the world's “high net-worth individuals”—nearly $6 trillion out of $17.5 trillion—may now be held offshore. Some $3 trillion is in deposits in tax haven banks and the rest is in securities held by international business companies (IBCs) and trusts. 

 

The IMF said that between $600 billion and $1.5 trillion of illicit money is laundered annually, equal to 2% to 5% of global economic output. Today, offshore is where most of the world's drug money is allegedly laundered, estimated at up to $500 billion a year, more than the total income of the world's poorest 20%. Add the proceeds of tax evasion and the figure skyrockets to $1 trillion. Another few hundred billion come from fraud and corruption. "These offshore centers awash in money are the hub of a colossal, underground network of crime, fraud, and corruption" commented Lucy Komisar quoting these statistics. Among offshore banks, Swiss banks hold an estimated 35% of the world's private and institutional funds (or 3 trillion Swiss francs), and the Cayman Islands are the fifth largest banking centre globally in terms of deposits.

Law changes in Panama

Many people try to pay less tax. I widely used jurisdiction in structures is Panama. Panama is also a country where quite some hedge funds are registered. Below you'll find a article with some law changes from my hand. It's interesting and you will learn from the article. In every case read it to beat the tax agent.

TAX FREE FUNDS

Welcome

Dear people,

Welcome to the Hof Blog. 

This blog will go over subjects like finance, stocks and interesting news and back ground articles in the world of cash, capital and investing with interesting returns.

I look forward to recieve your reply and please don't hestitate to send me your comments, thoughts and information about what concerns you.