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Stanford said on the tape that he was upset by opposition to his latest development plans.</p><p>The financier, 58, accused by the U.S. of running an $8 billion Ponzi scheme, built Antigua into a marketing showcase for his Stanford Financial Group by lending its government at least 230 million Eastern Caribbean dollars ($85 million) and <a href="http://www.antigua-barbuda.com/news_archive/newsletter83.asp" target="_blank" onmouseover="return escape( popwOpenWebSite( this ))">handing checks</a> to public officials, according to interviews and documents. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' 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>tag:blogger.com,1999:blog-5967085295944202960.post-4441968008872353934</id><published >2010-07-05T20:57:00.000+03:00</published><updated >2010-07-05T20:58:09.687+03:00</updated><app:edited >2010-07-05T20:58:09.687+03:00<app:edited />" ["title"]=> string(107) "Offshore Banking International Offers Offshore Banking Services In Belize, Panama, Hong Kong And Seychelles" ["atom_content"]=> string(1625) "Offshore Banking International provides a wide range of offshore services in Belize, Panama, Hong Kong, Seychelles and many other places. They are fiercely proud of the in-depth knowledge of and experience with over 30 offshore corporation jurisdictions, which they utilize to create a custom-made financial plan for offshore asset protection. While they work as closely with you as they can in offshore company formation, offshore tax planning and offshore banking, they know the privacy you require and will perform all professional, financial, and administrative services with the utmost discretion.<br /><br /><br /><br />Richard Collins, Manager Offshore Banking International, states that "We feel proud to serve you with the offshore banking services in Belize, Panama, Hong Kong, and Seychelles. We are fiercely proud of our in-depth knowledge of and experience with over 30 offshore jurisdictions, which we utilize to create a custom-made financial plan for your assets. We aim to provide a 360-view of offshore finance, so you're free to choose the course that's right for you."<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4441968008872353934?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(150) "http://www.abcmoney.co.uk/news1/Offshore-Banking-International-Offers-Offshore-Banking-Services-In-Belize--Panama--Hong-Kong-And-Seychelles,199929.htm" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4441968008872353934/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4441968008872353934" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4441968008872353934?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4441968008872353934?v=2" ["link"]=> string(92) "http://offshore-banking-news.blogspot.com/2010/07/offshore-banking-international-offers.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [1]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4206352833173215321" ["published"]=> string(29) "2009-04-03T20:11:00.000+03:00" ["updated"]=> string(29) "2009-04-03T20:12:41.086+03:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-04-03T20:12:41.086+03:00" } ["title"]=> string(64) "Clock ticking for people hiding money in off-shore bank accounts" ["atom_content"]=> string(1047) "<p>Time is running out for tens of thousands of wealthy taxpayers--including many from New Jersey--who thought they could safely hide their money in off-shore banks. </p> <p>"It's time to come in from the cold," says Larry Horn, a lawyer specializing in tax issues with the Newark firm of Sills Cummis &amp; Gross. "Taxpayers who voluntarily turn themselves in now will likely escape criminal prosecution." </p><img src="http://blog.nj.com/njv_bob_braun/2009/03/large_Larry-Horn-criminal-tax-specialist.JPG" /><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4206352833173215321?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(78) "http://www.nj.com/newark/index.ssf/2009/03/clock_ticking_for_people_hidin.html" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4206352833173215321/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4206352833173215321" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4206352833173215321?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4206352833173215321?v=2" ["link"]=> string(92) "http://offshore-banking-news.blogspot.com/2009/04/clock-ticking-for-people-hiding-money.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [2]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4695483859477525791" ["published"]=> string(29) "2009-03-25T13:51:00.000+02:00" ["updated"]=> string(29) "2009-03-25T13:53:17.736+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-25T13:53:17.736+02:00" } ["title"]=> string(52) "Geneva Bankers Have a Word for Brown’s Tax Attacks" ["atom_content"]=> string(1670) "<div style="margin: 0pt 5px 0pt 0pt; float: left;"> <div id="newsphoto"> <img src="http://www.bloomberg.com/apps/data?pid=avimage&amp;iid=iyRWkNVacbjg" alt="" border="0" width="220" height="165" /></div> </div> <p> March 25 (Bloomberg) -- In yet another sign that financial centers are losing each other’s confidence, Geneva bankers are insisting that <a href="http://search.bloomberg.com/search?q=Gordon+Brown&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1" onmouseover="return escape( popwSearchNews( this ))">Gordon Brown</a>, the champion of deregulated markets in London and the British Isles, favors tax cheats at least as much as he says they do. </p> <p>The British prime minister is calling for curbs on tax evasion and bank secrecy ahead of next week’s <a href="http://www.g20.org/" target="_blank" onmouseover="return escape( popwOpenWebSite( this ))">Group of 20</a> summit at the ExCel conference center in the docks near Canary Wharf. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4695483859477525791?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(78) "http://www.bloomberg.com/apps/news?pid=20601100&sid=a23vPWrCK0_A&refer=germany" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4695483859477525791/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4695483859477525791" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4695483859477525791?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4695483859477525791?v=2" ["link"]=> string(94) "http://offshore-banking-news.blogspot.com/2009/03/geneva-bankers-have-word-for-browns-tax.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [3]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-6442580367376474309" ["published"]=> string(29) "2009-03-24T19:32:00.000+02:00" ["updated"]=> string(29) "2009-03-24T19:33:24.729+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-24T19:33:24.729+02:00" } ["title"]=> string(29) "Swiss offshore banking strong" ["atom_content"]=> string(1541) "<p> ZURICH, March 17 (Reuters) - Swiss banks should still be able to attract foreign clients currently unnerved by changes to country's rules on banking secrecy, Julius Baer (<span style="cursor: pointer;" id="symbol_BAER.VX_0"><a href="http://www.reuters.com/finance/stocks/overview?symbol=BAER.VX">BAER.VX</a></span>) chairman Raymond Baer said in a newspaper interview.<span id="midArticle_byline"></span></p><span id="midArticle_0"></span> <p> "International clients will continue to appreciate the financial privacy traditionally anchored in Switzerland," the chairman of Switzerland's biggest dedicated wealth manager said in an interview for Wednesday's edition of Finanz und Wirtschaft.</p><span id="midArticle_1"></span> <p> Switzerland last week offered to relax strict bank secrecy in some tax evasion cases in a response to a global crackdown on tax havens that has been rattling the offshore banking industry. [ID:nLD122324]</p><span id="midArticle_2"></span> <p><br /></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-6442580367376474309?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(89) "http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSB62434720090317" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/6442580367376474309/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=6442580367376474309" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/6442580367376474309?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/6442580367376474309?v=2" ["link"]=> string(84) "http://offshore-banking-news.blogspot.com/2009/03/swiss-offshore-banking-strong.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [4]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2491457075494053136" ["published"]=> string(29) "2009-03-17T09:24:00.000+02:00" ["updated"]=> string(29) "2009-03-17T09:26:26.897+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-17T09:26:26.897+02:00" } ["title"]=> string(33) "Offshore Tax Haven Privacy Update" ["atom_content"]=> string(1713) "<p>What the <em>Financial Times </em>of London calls "a cascade of concessions on tax secrecy by some of the world’s leading private wealth centers" is being hailed by some as "a breakthrough in a decade-long international assault on tax evasion."</p> <p><a href="http://sovereignsociety.typepad.com/.a/6a00d83451b3ec69e20112796e6ab128a4-pi" style="float: left;"><img alt="Linked arms" class="at-xid-6a00d83451b3ec69e20112796e6ab128a4" src="http://sovereignsociety.typepad.com/.a/6a00d83451b3ec69e20112796e6ab128a4-120wi" style="margin: 0px 5px 5px 0px;" /></a> </p> <p>To some degree that may be true, since the pursuit of specific tax evaders by foreign countries will be made easier by greater co-operation from Switzerland, Austria, Luxembourg, Hong Kong, Singapore, Liechtenstein, Andorra and others.</p> <p>In recent days each of these leading offshore jurisdictions has bowed to pressure, announcing that they will adopt international standards on tax information exchange, although they insist they will continue to protect investors’ <a href="http://baumanblog.sovereignsociety.com/2009/02/why-we-must-champion-privacy.html">privacy</a> under their own laws. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2491457075494053136?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(85) "http://baumanblog.sovereignsociety.com/2009/03/offshore-tax-haven-privacy-update.html" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2491457075494053136/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2491457075494053136" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2491457075494053136?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2491457075494053136?v=2" ["link"]=> string(88) "http://offshore-banking-news.blogspot.com/2009/03/offshore-tax-haven-privacy-update.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [5]=> array(13) { ["id"]=> string(69) "tag:blogger.com,1999:blog-5967085295944202960.post-110053419533803815" ["published"]=> string(29) "2009-03-13T14:27:00.000+02:00" ["updated"]=> string(29) "2009-03-13T14:28:55.342+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-13T14:28:55.342+02:00" } ["atom_content"]=> string(2138) "<div style="margin: 0pt 5px 0pt 0pt; float: left;"> <div id="newsphoto"> <img src="http://www.bloomberg.com/apps/data?pid=avimage&amp;iid=inI31NQZ8cJQ" alt="" border="0" width="220" height="165" /></div> </div> <p> </p><p>March 11 (Bloomberg) -- R. <a href="http://search.bloomberg.com/search?q=Allen+Stanford&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1" onmouseover="return escape( popwSearchNews( this ))">Allen Stanford</a>, clad in jeans and a white polo shirt embroidered with his corporate eagle-shield logo, told employees on Antigua in 2005 that he spent “millions and millions and millions of dollars” on the island “to attract the wealthiest people in the world.” </p> <p>Potential clients “have to go back literally blown away,” the Texas banker said, according to a video of the meeting provided by Howard Allen, an Antiguan filmmaker who said he was hired to shoot it. Stanford said on the tape that he was upset by opposition to his latest development plans.</p><p>The financier, 58, accused by the U.S. of running an $8 billion Ponzi scheme, built Antigua into a marketing showcase for his Stanford Financial Group by lending its government at least 230 million Eastern Caribbean dollars ($85 million) and <a href="http://www.antigua-barbuda.com/news_archive/newsletter83.asp" target="_blank" onmouseover="return escape( popwOpenWebSite( this ))">handing checks</a> to public officials, according to interviews and documents. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-110053419533803815?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(75) "http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=aeW5Ek4VNrO4" ["link_replies"]=> string(168) "http://offshore-banking-news.blogspot.com/feeds/110053419533803815/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=110053419533803815" ["link_edit"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/110053419533803815?v=2" ["link_self"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/110053419533803815?v=2" ["link"]=> string(75) "http://offshore-banking-news.blogspot.com/2009/03/march-11-bloomberg-r.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [6]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2294310994932244333" ["published"]=> string(29) "2009-03-10T20:34:00.000+02:00" ["updated"]=> string(29) "2009-03-10T20:35:16.413+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-10T20:35:16.413+02:00" } ["title"]=> string(48) "Jersey prepares for scrutiny of offshore banking" ["atom_content"]=> string(1513) "<p><strong><a id="articleLocation" title="Click to view map" href="http://www.iht.com/articles/2009/03/08/business/jersey.php#">ST. HELIER, Jersey</a>:</strong> The village-like capital of Jersey features many of the brands typically found in any British town: the Ladbrokes betting shop, the retailer Marks and Spencer and the drugstore Boots.</p> <p>But step down a side street on this plush island off the French coast and almost every other building bears the name of a private equity, wealth management, or banking firm.</p> <p>The social security office sits almost exactly opposite BNP Paribas Securities Services, a coincidental symbol of this British crown dependency's reliance on its status as an offshore banking tax haven, a status that scandal elsewhere has dragged into the limelight.</p> <p>"The bankers have brought a heck of a lot of money to the island," said Michelle Hervieu, a 40-year-old cab driver who has lived in St. Helier all her life.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2294310994932244333?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(58) "http://www.iht.com/articles/2009/03/08/business/jersey.php" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2294310994932244333/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2294310994932244333" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2294310994932244333?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2294310994932244333?v=2" ["link"]=> string(86) "http://offshore-banking-news.blogspot.com/2009/03/jersey-prepares-for-scrutiny-of.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [7]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4160062573632085292" ["published"]=> string(29) "2009-03-04T11:23:00.000+02:00" ["updated"]=> string(29) "2009-03-04T11:24:41.859+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-04T11:24:41.859+02:00" } ["title"]=> string(19) "ANTIGUA COOPERATIVE" ["atom_content"]=> string(1834) "<p>ST. JOHN'S, Antigua - Having seized control of Robert Allen Stanford's two banks in recent days, Antiguan government officials are now pledging to work closely with <a href="http://www2.tbo.com/topic/k/american-regulators/">American regulators</a> to investigate their offshore banking system, long suspected by federal officials of being a center for laundering money from around the region.</p> <p>"We are prepared to cooperate fully with the Americans in probing this whole affair," Prime Minister Winston <a href="http://www2.tbo.com/topic/k/baldwin-spencer/">Baldwin Spencer</a> said last week. He added that the scandal "has serious implications" for the offshore banking sector.</p> <p>That acknowledgment countered statements only two weeks ago by local <a href="http://www2.tbo.com/topic/k/bank-regulators/">bank regulators</a> that the financial system in Antigua was absolutely clean. It comes after the <a href="http://www2.tbo.com/topic/k/securities-and-exchange-commission/">Securities and Exchange Commission</a> accused Stanford in a civil complaint of engaging in an $8 billion fraud involving high-yielding <a href="http://www2.tbo.com/topic/k/certificates-of-deposit/">certificates of deposit</a> sold by an offshore bank here. Stanford has not been criminally charged.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4160062573632085292?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(63) "http://www2.tbo.com/content/2009/mar/01/co-antigua-cooperative/" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4160062573632085292/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4160062573632085292" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4160062573632085292?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4160062573632085292?v=2" ["link"]=> string(74) "http://offshore-banking-news.blogspot.com/2009/03/antigua-cooperative.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [8]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-9204578506664191092" ["published"]=> string(29) "2009-03-03T22:48:00.000+02:00" ["updated"]=> string(29) "2009-03-03T22:49:45.090+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-03T22:49:45.090+02:00" } ["title"]=> string(28) "Belize offshore tax planning" ["atom_content"]=> string(4699) "<span class="news-body-text"><span id="ls_contents-0"><span><span>Belize Offshore <span style="border-bottom: 1px solid rgb(0, 0, 255); text-decoration: underline; color: rgb(0, 0, 255); font-size: 12.75px; font-weight: 400; font-style: normal; font-family: arial,tahoma,verdana,sans-serif;" class="IL_LINK_STYLE">Business Centre</span>: Belize Offshore has become popular jurisdiction for the incorporation of IBC's due to its English-based legal <a id="KonaLink2" target="undefined" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://www.newdesignworld.com/press/story/9307#"><span style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;color:blue;" ><span class="kLink" style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;">system</span></span></a>. Belize Offshore Government, Belize Offshore Services Company, belize <a id="KonaLink3" target="undefined" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://www.newdesignworld.com/press/story/9307#"><span style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;color:blue;" ><span class="kLink" style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;">offshore </span><span class="kLink" style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;">investment</span></span></a> services, Belize Offshore Consultants, Belize Offshore Business, Belize Offshore </span><span style="border-bottom: 1px solid rgb(0, 0, 255); text-decoration: underline; color: rgb(0, 0, 255); font-size: 12.75px; font-weight: 400; font-style: normal; font-family: arial,tahoma,verdana,sans-serif;" class="IL_LINK_STYLE">Incorporation Services</span>, belize offshore registration services, Belize Offshore Registration, Belize Offshore Services, belize offshore business registration, belize offshore tax planning. </span><br /><br /><span>An international Business Company is defined as a company that pays no <a id="KonaLink4" target="undefined" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://www.newdesignworld.com/press/story/9307#"><span style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;color:blue;" ><span class="kLink" style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;">taxes</span></span></a>, and is for the most part free of <a id="KonaLink5" target="undefined" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://www.newdesignworld.com/press/story/9307#"><span style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;color:blue;" ><span class="kLink" style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;">trade</span></span></a> and other restrictions such as exchange control, trade licensing and public disclosure requirements in the country in which it is incorporated and resident. Belize-Offshore, belize offshore company, Belize Offshore, Agents in belize offshore, Belize Offshore Banking, registered agents in belize offshore, business set up in belize offshore, belize offshore financial services, Registered Agent in Belize, <span style="border-bottom: 1px solid rgb(0, 0, 255); text-decoration: underline; color: rgb(0, 0, 255); font-size: 12.75px; font-weight: 400; font-style: normal; font-family: arial,tahoma,verdana,sans-serif;" class="IL_LINK_STYLE">company formation</span> in belize offshore, Belize Offshore <span class="IL_SPAN"><input name="IL_MARKER" type="hidden">Company Formation</span>. </span></span></span><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-9204578506664191092?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(46) "http://www.newdesignworld.com/press/story/9307" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/9204578506664191092/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=9204578506664191092" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/9204578506664191092?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/9204578506664191092?v=2" ["link"]=> string(83) "http://offshore-banking-news.blogspot.com/2009/03/belize-offshore-tax-planning.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [9]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2581576171192865572" ["published"]=> string(29) "2009-03-03T11:52:00.000+02:00" ["updated"]=> string(29) "2009-03-03T11:53:35.000+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-03T11:53:35.000+02:00" } ["title"]=> string(26) "Anti-tax haven bill coming" ["atom_content"]=> string(1289) "<p>The bill comes just two days ahead of a Senate hearing where a senior UBS AG executive is due to testify about an investigation of the Swiss banking giant.</p><span id="midArticle_3"></span> <p>"Offshore tax haven and tax shelter abuses are undermining the integrity of our tax system," said Levin in a statement given to Reuters. "We cannot tolerate $100 billion in offshore tax abuses burning a hole through our budget each year.</p><span id="midArticle_4"></span> <p>"We can fight back against secrecy jurisdictions and shut down offshore tax abuses if we have the political will."</p><span id="midArticle_5"></span> <p>Companion legislation is expected to be introduced in the U.S. House of Representatives, the aides said.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2581576171192865572?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(67) "http://uk.reuters.com/article/companyNewsMolt/idUKTRE52153320090303" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2581576171192865572/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2581576171192865572" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2581576171192865572?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2581576171192865572?v=2" ["link"]=> string(81) "http://offshore-banking-news.blogspot.com/2009/03/anti-tax-haven-bill-coming.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [10]=> array(14) { ["id"]=> string(69) "tag:blogger.com,1999:blog-5967085295944202960.post-817615390399895501" ["published"]=> string(29) "2009-03-02T13:07:00.000+02:00" ["updated"]=> string(29) "2009-03-02T13:08:17.908+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-02T13:08:17.908+02:00" } ["title"]=> string(49) "Global hunt for tax cheats rocks offshore centres" ["atom_content"]=> string(2789) "<p> ZURICH, Feb 27 - Offshore <a href="http://news.alibaba.com/article/list/1/financial.html" target="_blank">financial</a> centres which have thrived under a veil of <a href="http://news.alibaba.com/article/list/1/bank.html" target="_blank">bank</a> secrecy will have to embrace transparency to survive a global crackdown on tax cheats that is menacing the private banking sector in <a href="http://news.alibaba.com/article/list/1/switzerland.html" target="_blank">Switzerland</a> and beyond.</p> <p> A <a href="http://news.alibaba.com/article/list/1/u.s.html" target="_blank">U.S</a>. tax fraud probe into <a href="http://news.alibaba.com/article/list/1/ubs.html" target="_blank">UBS</a> AG, the <a href="http://news.alibaba.com/article/list/1/world.html" target="_blank">world</a>'s largest wealth manager, is showing <a href="http://news.alibaba.com/article/list/1/washington.html" target="_blank">Washington</a> is serious about chasing tax dodgers at a time when it is desperate for revenue to revive its ailing <a href="http://news.alibaba.com/article/list/1/financial.html" target="_blank">financial</a> sector.</p> <p> In <a href="http://news.alibaba.com/article/list/1/europe.html" target="_blank">Europe</a>, <a href="http://news.alibaba.com/article/list/1/britain.html" target="_blank">Britain</a> has joined <a href="http://news.alibaba.com/article/list/1/germany.html" target="_blank">Germany</a> and <a href="http://news.alibaba.com/article/list/1/france.html" target="_blank">France</a> in the battle against tax havens and has put the item on the agenda of a Group of 20 nations meeting on April 2, bringing the political debate on tax evasion to unprecedented levels.</p> <p> "The pressure is on to crack down on offshore centres," said Dermot Butler, chairman of Custom House, which provides onshore and offshore funds. "The long-term effects on the Caribbean, and <a href="http://news.alibaba.com/article/list/1/switzerland.html" target="_blank">Switzerland</a> and <a href="http://news.alibaba.com/article/list/1/liechtenstein.html" target="_blank">Liechtenstein</a> is that those who were suspicious of them will be even more so."</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-817615390399895501?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(101) "http://news.alibaba.com/article/detail/markets/100059746-1-analysis-global-hunt-tax-cheats-rocks.html" ["link_replies"]=> string(168) "http://offshore-banking-news.blogspot.com/feeds/817615390399895501/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=817615390399895501" ["link_edit"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/817615390399895501?v=2" ["link_self"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/817615390399895501?v=2" ["link"]=> string(87) "http://offshore-banking-news.blogspot.com/2009/03/global-hunt-for-tax-cheats-rocks.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [11]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4055290334895146588" ["published"]=> string(29) "2009-03-01T23:26:00.000+02:00" ["updated"]=> string(29) "2009-03-01T23:27:57.369+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-01T23:27:57.369+02:00" } ["title"]=> string(33) "UK 'is losing £4bn tax offshore'" ["atom_content"]=> string(1113) "<p>EU rules allow UK residents to declare interest earned overseas or to have 15% withheld from interest in the country where the account is held. </p><p>Separately, a report says MPs are calling for a review into the use of havens by taxpayer-backed banks. <!-- E SF --></p><p>Under the EU rules, three-quarters of the 15% in tax on interest that is withheld offshore is eventually paid to the UK government. </p><p>But this means that the effective amount collected by HM Revenue and Customs was 11.25% - rather than the 40% which would typically be paid, the TUC says. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4055290334895146588?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(47) "http://news.bbc.co.uk/2/hi/business/7917456.stm" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4055290334895146588/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4055290334895146588" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4055290334895146588?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4055290334895146588?v=2" ["link"]=> string(84) "http://offshore-banking-news.blogspot.com/2009/03/uk-is-losing-4bn-tax-offshore.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [12]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-3094745508758578419" ["published"]=> string(29) "2009-03-01T17:56:00.000+02:00" ["updated"]=> string(29) "2009-03-01T17:57:23.893+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-01T17:57:23.893+02:00" } ["title"]=> string(37) "Swiss may make concessions on secrecy" ["atom_content"]=> string(1419) "<p> ZURICH, Feb 28 (Reuters) - Switzerland may have to make some concessions if it does not want to be put on a black list of tax havens, Switzerland's president and finance minister was quoted as saying on Saturday.<span id="midArticle_byline"></span></p><span id="midArticle_0"></span> <p> Banking secrecy is entrenched in Switzerland, in law and also the mentality of the people, and the country does not want to give it up but "certain matters of fact must be up for debate," Hans-Rudolf Merz said in the country's capital Berne, according to news agency SDA.</p><span id="midArticle_1"></span> <p> "We will perhaps have to make concessions in some cases or others," Merz said, adding that otherwise sanctions could be taken against Swiss banks and the country could be put on the Organisation for Economic Cooperation and Development's black list of tax havens.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-3094745508758578419?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(89) "http://uk.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUKLS39915920090228" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/3094745508758578419/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=3094745508758578419" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/3094745508758578419?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/3094745508758578419?v=2" ["link"]=> string(92) "http://offshore-banking-news.blogspot.com/2009/03/swiss-may-make-concessions-on-secrecy.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [13]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-5368865253910928346" ["published"]=> string(29) "2009-02-28T11:48:00.000+02:00" ["updated"]=> string(29) "2009-02-28T12:00:17.899+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-28T12:00:17.899+02:00" } ["title"]=> string(24) "Swiss banking and beyond" ["atom_content"]=> string(1646) "<div>The latest development comes on the heels of a groundbreaking concession. Last week, UBS agreed to demands by the US taxing agency to release the names of about 250 private account holders, who may have used UBS to evade taxes in the US. <div class="dvbxImg"><img src="http://www.livemint.com/images/6A11CBF7-BDD2-49C5-846A-3F5EEC71B433ArtVPF.gif" alt="Illustration: Jayachandran / Mint" title="Illustration: Jayachandran / Mint" align="left" width="227" height="191" /><div class="dvbxImgCapt" style="width: 227px;"><br /></div></div></div><div>But the push and pull between the US and Swiss banking system has broader resonance for the global financial system: Secretive banks and tax havens—free from regulatory scrutiny—are simply unacceptable.</div><div>Swiss banks have long been a safe haven for the loot of autocratic strongmen. Reports abound of the most reviled individuals of the 20th century stashing their funds in Swiss accounts, including Zimbabwe’s Robert Mugabe and those close to Saddam Hussein. In 2001, the US accused Swiss banks of clearing Osama bin Laden’s financing.</div><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-5368865253910928346?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(74) "http://www.livemint.com/2009/02/23232923/Swiss-banking-and-beyond.html?h=B" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/5368865253910928346/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=5368865253910928346" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/5368865253910928346?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/5368865253910928346?v=2" ["link"]=> string(82) "http://offshore-banking-news.blogspot.com/2009/02/swiss-banking-and-beyond_28.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [14]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-1315481439972966373" ["published"]=> string(29) "2009-02-28T00:27:00.000+02:00" ["updated"]=> string(29) "2009-02-28T00:28:40.445+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-28T00:28:40.445+02:00" } ["title"]=> string(51) "Offshore centres under pressure to cooperate on tax" ["atom_content"]=> string(1565) "<div> ZURICH, Feb 27 (Reuters) - Offshore financial centres which have thrived under a veil of bank secrecy will have to embrace transparency to survive a global crackdown on tax cheats that is menacing the private banking sector in Switzerland and beyond.</div> <div> A U.S. tax fraud probe into UBS AG, the world's largest wealth manager, is showing Washington is serious about chasing tax dodgers at a time when it is desperate for revenue to revive its ailing financial sector.</div> <div> In Europe, Britain has joined Germany and France in the battle against tax havens and has put the item on the agenda of a Group of 20 nations meeting on April 2, bringing the political debate on tax evasion to unprecedented levels.</div> <div> "The pressure is on to crack down on offshore centres," said Dermot Butler, chairman of Custom House, which provides onshore and offshore funds. "The long-term effects on the Caribbean, and Switzerland and Liechtenstein is that those who were suspicious of them will be even more so."</div><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-1315481439972966373?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(54) "http://www.guardian.co.uk/business/feedarticle/8379049" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/1315481439972966373/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=1315481439972966373" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/1315481439972966373?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/1315481439972966373?v=2" ["link"]=> string(89) "http://offshore-banking-news.blogspot.com/2009/02/offshore-centres-under-pressure-to.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [15]=> array(14) { ["id"]=> string(69) "tag:blogger.com,1999:blog-5967085295944202960.post-400957940884573533" ["published"]=> string(29) "2009-02-26T23:17:00.000+02:00" ["updated"]=> string(29) "2009-02-26T23:18:20.961+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-26T23:18:20.961+02:00" } ["title"]=> string(39) "UBS, Stanford Propel Offshore Crackdown" ["atom_content"]=> string(1420) "A federal judge has set a July 13 hearing for UBS, in which they may be forced to disclose names associated with 52,000 secret Swiss bank accounts holding more than $14.8 billion in assets. UBS continues to assert that by providing these names, they are compromising overseas privacy laws as well as the reputation of the bank. <p>”Such violations would expose these employees to substantial prison terms, as well as fines, penalties and other sanctions,” UBS said in a court filing last week. “There is simply no reason to have, nor equity in having, such an expedited process here.”</p> <p>UBS is feeling the heat from a surge of international pressure to crack down on secret tax havens sought by the wealthy. Estimating the U.S. loses $100 billion a year from offshore tax abuse, President Obama is at the forefront of the campaign to get tough on tax evasion. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-400957940884573533?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(79) "http://www.hedgeco.net/news/02/2009/ubs-stanford-propel-offshore-crackdown.html" ["link_replies"]=> string(168) "http://offshore-banking-news.blogspot.com/feeds/400957940884573533/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=400957940884573533" ["link_edit"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/400957940884573533?v=2" ["link_self"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/400957940884573533?v=2" ["link"]=> string(93) "http://offshore-banking-news.blogspot.com/2009/02/ubs-stanford-propel-offshore-crackdown.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [16]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-6831307003212055123" ["published"]=> string(29) "2009-02-25T12:40:00.000+02:00" ["updated"]=> string(29) "2009-02-25T12:43:08.891+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-25T12:43:08.891+02:00" } ["title"]=> string(24) "Swiss banking and beyond" ["atom_content"]=> string(1395) "<div>US regulators and the Swiss banking giant UBS are embroiled in a battle over information on UBS’ private depositors. The US says UBS is facilitating tax fraud, and is demanding information on 52,000 account holders with nearly $15 billion in assets.<br /><br /></div>The latest development comes on the heels of a groundbreaking concession. Last week, UBS agreed to demands by the US taxing agency to release the names of about 250 private account holders, who may have used UBS to evade taxes in the US.<br /><br />Swiss banks have long been a safe haven for the loot of autocratic strongmen. Reports abound of the most reviled individuals of the 20th century stashing their funds in Swiss accounts, including Zimbabwe’s Robert Mugabe and those close to Saddam Hussein. In 2001, the US accused Swiss banks of clearing Osama bin Laden’s financing.<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-6831307003212055123?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(74) "http://www.livemint.com/2009/02/23232923/Swiss-banking-and-beyond.html?h=B" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/6831307003212055123/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=6831307003212055123" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/6831307003212055123?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/6831307003212055123?v=2" ["link"]=> string(79) "http://offshore-banking-news.blogspot.com/2009/02/swiss-banking-and-beyond.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [17]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-7783178840028435577" ["published"]=> string(29) "2009-02-24T18:53:00.000+02:00" ["updated"]=> string(29) "2009-02-24T18:54:57.191+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-24T18:54:57.191+02:00" } ["title"]=> string(45) "UBS tax deal is Swiss bank secrecy's Waterloo" ["atom_content"]=> string(1516) "<p>ZURICH (Reuters) - UBS's landmark settlement deal with U.S. tax authorities could be the final nail in the coffin for Switzerland's prized bank secrecy and will have far-reaching consequences for the whole offshore financial industry.</p><span id="midArticle_1"></span> <p>Under pressure from Washington, Berne agreed to let UBS (<span style="" id="symbol_UBSN.VX_0"><a href="http://uk.reuters.com/business/quotes/quote?symbol=UBSN.VX">UBSN.VX</a></span>)(<span style="" id="symbol_UBS.N_1"><a href="http://uk.reuters.com/business/quotes/quote?symbol=UBS.N">UBS.N</a></span>) pass on data of certain U.S. clients without waiting for an ongoing appeal process against the data transfer by some of these clients, an unprecedented step in Switzerland.</p><span id="midArticle_2"></span> <p>Switzerland's leading newspaper, Neue Zuercher Zeitung, called the $780 million (545.70 million pounds) settlement, which UBS agreed with Berne's blessing, a "capitulation".</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-7783178840028435577?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(71) "http://uk.reuters.com/article/stocksAndSharesNews/idUKLNE51I00M20090220" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/7783178840028435577/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=7783178840028435577" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/7783178840028435577?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/7783178840028435577?v=2" ["link"]=> string(90) "http://offshore-banking-news.blogspot.com/2009/02/ubs-tax-deal-is-swiss-bank-secrecys.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [18]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2723944666603832195" ["published"]=> string(29) "2009-02-20T01:02:00.000+02:00" ["updated"]=> string(29) "2009-02-20T01:03:08.939+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-20T01:03:08.939+02:00" } ["title"]=> string(41) "Secret Offshore Banking - Is It Possible?" ["atom_content"]=> string(1278) "<p>Secret offshore bank accounts are the stuff of legend. This article intends to debunk some of the myths about secret offshore banking by setting out what is and isn't possible.</p> <p>1) It's impossible to open an offshore bank account without first somehow identifying yourself. This means sending a notarized copy of your bank account/passport details to the bank or intermediary.</p> <p>2) Most offshore banks will also require a reference from a bank at home.</p> <p>3) If you open an offshore account in the name of your offshore company, you still need to provide all the formation documents, and the name and address of a real person. No bank will let a faceless entity open an account without pinning it down to a real person.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2723944666603832195?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(44) "http://www.bestsyndication.com/?q=node/24521" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2723944666603832195/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2723944666603832195" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2723944666603832195?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2723944666603832195?v=2" ["link"]=> string(93) "http://offshore-banking-news.blogspot.com/2009/02/secret-offshore-banking-is-it-possible.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [19]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4018887764775525204" ["published"]=> string(29) "2009-02-17T12:41:00.000+02:00" ["updated"]=> string(29) "2009-02-17T12:42:58.489+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-17T12:42:58.489+02:00" } ["title"]=> string(38) "Demand for action on offshore accounts" ["atom_content"]=> string(1249) "An online campaign was launched today by Christian Aid urging supporters to lobby their MPs in an attempt to bring tax justice to developing nations.<br /><br />The charity said creative accounting by large multinational companies was allowing them to evade taxes in countries which had neither the resources nor the expertise to effectively deal with them.<br /><br />They are asking supporters to pressure their MP to lobby Gordon Brown on the need to an end to off-shore banking secrecy.<br /><br />Matthew Sowemimo, Christian Aid's tax campaign officer, said: "We are asking supporters to get their MPs involved.<br /><br />"When an MP writes to the prime minister, he or she has to receive a personal reply.<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4018887764775525204?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(94) "http://www.inthenews.co.uk/news/health/economy/demand-action-on-offshore-accounts-$1269650.htm" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4018887764775525204/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4018887764775525204" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4018887764775525204?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4018887764775525204?v=2" ["link"]=> string(93) "http://offshore-banking-news.blogspot.com/2009/02/demand-for-action-on-offshore-accounts.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [20]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-8585149466088925505" ["published"]=> string(29) "2009-02-09T11:02:00.000+02:00" ["updated"]=> string(29) "2009-02-09T11:03:32.006+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-09T11:03:32.006+02:00" } ["title"]=> string(41) "How offshore capitalism ate our economies" ["atom_content"]=> string(1571) "The world, as Arthur Schopenhauer observed, is a business that doesn’t cover its expenses. This wasn’t idle metaphysics but first-hand experience. The Schopenhauer family had been wealthy stockbrokers in the free trade city of Hamburg. Then the European economy collapsed and they lost everything.<br /><br /> Two hundred years later, there is much that Schopenhauer would find familiar in the landscape of bank failures, collapsed companies and growing unemployment. What lies behind the global recession is a particularly virile form of capitalism, now seemingly in its death throes. Let’s call it “offshore” capitalism — literally so in the way it had locked itself into a network of tax havens and offshore finance centers that formed the shadow side of the world’s banks and mega-corporations. But this was offshore in a metaphorical sense too — it produced financial structures and instruments so absurdly technical and abstract that the net effect was a freakishly remote economic system, detached from society.<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-8585149466088925505?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(73) "http://www.taipeitimes.com/News/editorials/archives/2009/02/09/2003435599" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/8585149466088925505/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=8585149466088925505" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/8585149466088925505?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/8585149466088925505?v=2" ["link"]=> string(86) "http://offshore-banking-news.blogspot.com/2009/02/how-offshore-capitalism-ate-our.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [21]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4865715602886627871" ["published"]=> string(29) "2009-02-03T19:10:00.000+02:00" ["updated"]=> string(29) "2009-02-03T19:12:53.658+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-03T19:12:53.658+02:00" } ["title"]=> string(38) "Offshore Singapore, why so attractive?" ["atom_content"]=> string(3312) "<span class="inline left"><img src="http://www.ecommerce-journal.com/files/levelimages/12856/1_node.jpg" alt="Offshore Singapore, why so attractive?" title="Offshore Singapore, why so attractive?" class="image thumbnail" /></span> <p> </p> <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/singapore"><acronym title="Read more about Singapore">Singapore</acronym></a> is the 5th wealthiest country in the world in terms of <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/gdp"><acronym title="Read more about GDP">GDP</acronym></a> (PPP) per capita. Total GDP (PPP) as of 2007 <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/accounts"><acronym title="Read more about accounts">accounts</acronym></a> for $228.303 billion or $49,754 per capita. The state has foreign <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/exchange"><acronym title="Read more about exchange">exchange</acronym></a> reserves of more than <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/us"><acronym title="Read more about US">US</acronym></a>$177 billion. Singapore has always been an important strategic and economic center facilitating the world <a class="glossary-term" href="http://www.ecommerce-journal.com/glossary#term316"><acronym title="Read more about trade">trade</acronym></a> and providing its port for US military forces. Within just several years the city-state also became a <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/financial"><acronym title="Read more about financial">financial</acronym></a> center of Asia that competes with Hong Kong. The impetus that caused Singapore to arise as a <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/banking"><acronym title="Read more about banking">banking</acronym></a> haven took place in 2004. In the course of its development Singapore had its <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/economy"><acronym title="Read more about economy">economy</acronym></a> heavily dependent on exports, particularly in <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/electronics"><acronym title="Read more about electronics">electronics</acronym></a> and manufacturing. At the beginning of the 21st century the country was hard hit by the slump in the technology sector as well as by the outbreak of Severe Acute Respiratory Syndrome in 2003 as it prevented tourism and <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/consumer"><acronym title="Read more about consumer">consumer</acronym></a> <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/spending"><acronym title="Read more about spending">spending</acronym></a>.<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4865715602886627871?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(84) "http://www.ecommerce-journal.com/articles/12856_offshore_singapore_why_so_attractive" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4865715602886627871/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4865715602886627871" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4865715602886627871?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4865715602886627871?v=2" ["link"]=> string(91) "http://offshore-banking-news.blogspot.com/2009/02/offshore-singapore-why-so-attractive.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [22]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2695983475884344911" ["published"]=> string(29) "2009-01-31T17:25:00.000+02:00" ["updated"]=> string(29) "2009-01-31T17:26:20.176+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-01-31T17:26:20.176+02:00" } ["title"]=> string(41) "Shareholder Sues UBS Over US Offshore Tax" ["atom_content"]=> string(1362) "The complaint alleges the Swiss bank concealed the scheme from U.S. authorities, while intentionally creating the impression the company's wealth-management group was experiencing unprecedented growth. The lawsuit also claims UBS routinely assured investors and analysts that it employed state-of-the-art risk management tactics and had robust internal controls to mitigate risks.<br /><br />"These statements were all false and misleading because at the time they were made defendants were actively engaged in a tax-evasion scheme which, even when investigators had fingered some of the company's lower level client advisors, defendants ultimately could not abandon because it was simply too valuable to UBS," the lawsuit said.<br /> The company's stock price "plummeted" when the scheme became public, the complaint said.<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2695983475884344911?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(113) "http://www.easybourse.com/bourse-actualite/marches/shareholder-sues-ubs-over-us-offshore-tax-evasion-probe-607481" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2695983475884344911/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2695983475884344911" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2695983475884344911?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2695983475884344911?v=2" ["link"]=> string(92) "http://offshore-banking-news.blogspot.com/2009/01/shareholder-sues-ubs-over-us-offshore.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [23]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-7949146923927399129" ["published"]=> string(29) "2009-01-26T20:15:00.000+02:00" ["updated"]=> string(29) "2009-01-26T20:16:23.276+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-01-26T20:16:23.276+02:00" } ["title"]=> string(48) "Save Your Self and Your Cash - Bank Offshore Now" ["atom_content"]=> string(1446) "<p>From the front page of this morning's <em>New York Times</em>: "Only five days into the Obama presidency, members of the new administration and Democratic leaders in Congress are already dancing around one of the most politically delicate questions about the financial bailout: Is the president prepared to nationalize a huge swath of the nation’s banking system?"</p> <p><a href="http://sovereignsociety.typepad.com/.a/6a00d83451b3ec69e2010536f7c09d970c-pi" style="float: left;"><img alt="Wsj banks" class="at-xid-6a00d83451b3ec69e2010536f7c09d970c" src="http://sovereignsociety.typepad.com/.a/6a00d83451b3ec69e2010536f7c09d970c-320wi" style="margin: 0px 5px 5px 0px;" /></a> </p> <p>To a large degree, the answer is that, thanks to George Bush, the last Democrat Congress and President Obama, billion dollar bailouts already have made banks wards of the U.S. government, feeding off taxpayer funds.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-7949146923927399129?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(100) "http://baumanblog.sovereignsociety.com/2009/01/save-your-self-and-your-cash---bank-offshore-now.html" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/7949146923927399129/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=7949146923927399129" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/7949146923927399129?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/7949146923927399129?v=2" ["link"]=> string(88) "http://offshore-banking-news.blogspot.com/2009/01/save-your-self-and-your-cash-bank.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [24]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2009189778044221614" ["published"]=> string(29) "2009-01-24T11:51:00.000+02:00" ["updated"]=> string(29) "2009-01-24T11:54:08.796+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-01-24T11:54:08.796+02:00" } ["title"]=> string(113) "Switzerland's largest bank—UBS—has announced that it will close all the offshore accounts of its U.S. clients" ["atom_content"]=> string(1357) "<p>It's no surprise that UBS wants to divest itself of its U.S. clients. Based on information from a former UBS employee turned IRS informant, U.S. prosecutors have demanded that UBS release the banking records of its 19,000 U.S. depositors. Armed with this information, prosecutors would have an open-and-shut case against any U.S. person who failed to report income or gain from their UBS account. </p><p>The Swiss government so far has refused to allow UBS to turn over these records, citing the country's bank secrecy laws. However, negotiations are underway that may permit banking records to be released on a case-by-case basis. If you're a U.S. person with an unreported offshore account at UBS—or anywhere else—contact a tax lawyer immediately for assistance. The IRS has you in their cross hairs. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2009189778044221614?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(98) "http://nestmannblog.sovereignsociety.com/2009/01/swiss-banking-giant-to-close-all-us-accounts.html" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2009189778044221614/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2009189778044221614" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2009189778044221614?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2009189778044221614?v=2" ["link"]=> string(86) "http://offshore-banking-news.blogspot.com/2009/01/switzerlands-largest-bankubshas.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } } ["channel"]=> array(13) { ["id"]=> string(45) "tag:blogger.com,1999:blog-5967085295944202960" ["updated"]=> string(29) "2011-07-08T13:59:05.759+03:00" ["title"]=> string(21) "Offshore Banking News" ["subtitle"]=> string(42) "2009 Offshore Banking News and Information" ["link_http://schemas.google.com/g/2005#feed"]=> string(61) "http://offshore-banking-news.blogspot.com/feeds/posts/default" ["link"]=> string(42) "http://offshore-banking-news.blogspot.com/" ["link_next"]=> string(111) "http://www.blogger.com/feeds/5967085295944202960/posts/default?start-index=26&max-results=25&redirect=false&v=2" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["generator"]=> string(7) "Blogger" ["opensearch"]=> array(3) { ["totalresults"]=> string(2) "61" ["startindex"]=> string(1) "1" ["itemsperpage"]=> string(2) "25" } ["atom10"]=> array(1) { ["link_self"]=> string(47) "http://feeds.feedburner.com/OffshoreBankingNews" } ["info"]=> string(48) "<feedburner:info /><atom10:link ><atom10:link />" } ["textinput"]=> array(0) { } ["image"]=> array(0) { } ["feed_type"]=> string(4) "Atom" ["feed_version"]=> NULL ["stack"]=> array(0) { } ["inchannel"]=> bool(false) ["initem"]=> bool(false) ["incontent"]=> bool(false) ["intextinput"]=> bool(false) ["inimage"]=> bool(false) ["current_field"]=> string(0) "" ["current_namespace"]=> bool(false) ["_CONTENT_CONSTRUCTS"]=> array(6) { [0]=> string(7) "content" [1]=> string(7) "summary" [2]=> string(4) "info" [3]=> string(5) "title" [4]=> string(7) "tagline" [5]=> string(9) "copyright" } ["last_modified"]=> string(31) "Wed, 08 Feb 2012 21:47:10 GMT " ["etag"]=> string(29) "2Ys0uiQ/yIfbGnbH2hVTuL2d1RE " ["from_cache"]=> int(1) } } ["feed"]=> object(MagpieRSS)#260 (20) { ["parser"]=> int(0) ["current_item"]=> array(0) { } ["items"]=> array(25) { [0]=> array(11) { ["info"]=> string(238) "<id >tag:blogger.com,1999:blog-5967085295944202960.post-4441968008872353934</id><published >2010-07-05T20:57:00.000+03:00</published><updated >2010-07-05T20:58:09.687+03:00</updated><app:edited >2010-07-05T20:58:09.687+03:00<app:edited />" ["title"]=> string(107) "Offshore Banking International Offers Offshore Banking Services In Belize, Panama, Hong Kong And Seychelles" ["atom_content"]=> string(1625) "Offshore Banking International provides a wide range of offshore services in Belize, Panama, Hong Kong, Seychelles and many other places. They are fiercely proud of the in-depth knowledge of and experience with over 30 offshore corporation jurisdictions, which they utilize to create a custom-made financial plan for offshore asset protection. While they work as closely with you as they can in offshore company formation, offshore tax planning and offshore banking, they know the privacy you require and will perform all professional, financial, and administrative services with the utmost discretion.<br /><br /><br /><br />Richard Collins, Manager Offshore Banking International, states that "We feel proud to serve you with the offshore banking services in Belize, Panama, Hong Kong, and Seychelles. We are fiercely proud of our in-depth knowledge of and experience with over 30 offshore jurisdictions, which we utilize to create a custom-made financial plan for your assets. We aim to provide a 360-view of offshore finance, so you're free to choose the course that's right for you."<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4441968008872353934?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(150) "http://www.abcmoney.co.uk/news1/Offshore-Banking-International-Offers-Offshore-Banking-Services-In-Belize--Panama--Hong-Kong-And-Seychelles,199929.htm" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4441968008872353934/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4441968008872353934" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4441968008872353934?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4441968008872353934?v=2" ["link"]=> string(92) "http://offshore-banking-news.blogspot.com/2010/07/offshore-banking-international-offers.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [1]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4206352833173215321" ["published"]=> string(29) "2009-04-03T20:11:00.000+03:00" ["updated"]=> string(29) "2009-04-03T20:12:41.086+03:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-04-03T20:12:41.086+03:00" } ["title"]=> string(64) "Clock ticking for people hiding money in off-shore bank accounts" ["atom_content"]=> string(1047) "<p>Time is running out for tens of thousands of wealthy taxpayers--including many from New Jersey--who thought they could safely hide their money in off-shore banks. </p> <p>"It's time to come in from the cold," says Larry Horn, a lawyer specializing in tax issues with the Newark firm of Sills Cummis &amp; Gross. "Taxpayers who voluntarily turn themselves in now will likely escape criminal prosecution." </p><img src="http://blog.nj.com/njv_bob_braun/2009/03/large_Larry-Horn-criminal-tax-specialist.JPG" /><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4206352833173215321?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(78) "http://www.nj.com/newark/index.ssf/2009/03/clock_ticking_for_people_hidin.html" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4206352833173215321/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4206352833173215321" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4206352833173215321?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4206352833173215321?v=2" ["link"]=> string(92) "http://offshore-banking-news.blogspot.com/2009/04/clock-ticking-for-people-hiding-money.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [2]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4695483859477525791" ["published"]=> string(29) "2009-03-25T13:51:00.000+02:00" ["updated"]=> string(29) "2009-03-25T13:53:17.736+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-25T13:53:17.736+02:00" } ["title"]=> string(52) "Geneva Bankers Have a Word for Brown’s Tax Attacks" ["atom_content"]=> string(1670) "<div style="margin: 0pt 5px 0pt 0pt; float: left;"> <div id="newsphoto"> <img src="http://www.bloomberg.com/apps/data?pid=avimage&amp;iid=iyRWkNVacbjg" alt="" border="0" width="220" height="165" /></div> </div> <p> March 25 (Bloomberg) -- In yet another sign that financial centers are losing each other’s confidence, Geneva bankers are insisting that <a href="http://search.bloomberg.com/search?q=Gordon+Brown&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1" onmouseover="return escape( popwSearchNews( this ))">Gordon Brown</a>, the champion of deregulated markets in London and the British Isles, favors tax cheats at least as much as he says they do. </p> <p>The British prime minister is calling for curbs on tax evasion and bank secrecy ahead of next week’s <a href="http://www.g20.org/" target="_blank" onmouseover="return escape( popwOpenWebSite( this ))">Group of 20</a> summit at the ExCel conference center in the docks near Canary Wharf. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4695483859477525791?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(78) "http://www.bloomberg.com/apps/news?pid=20601100&sid=a23vPWrCK0_A&refer=germany" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4695483859477525791/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4695483859477525791" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4695483859477525791?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4695483859477525791?v=2" ["link"]=> string(94) "http://offshore-banking-news.blogspot.com/2009/03/geneva-bankers-have-word-for-browns-tax.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [3]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-6442580367376474309" ["published"]=> string(29) "2009-03-24T19:32:00.000+02:00" ["updated"]=> string(29) "2009-03-24T19:33:24.729+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-24T19:33:24.729+02:00" } ["title"]=> string(29) "Swiss offshore banking strong" ["atom_content"]=> string(1541) "<p> ZURICH, March 17 (Reuters) - Swiss banks should still be able to attract foreign clients currently unnerved by changes to country's rules on banking secrecy, Julius Baer (<span style="cursor: pointer;" id="symbol_BAER.VX_0"><a href="http://www.reuters.com/finance/stocks/overview?symbol=BAER.VX">BAER.VX</a></span>) chairman Raymond Baer said in a newspaper interview.<span id="midArticle_byline"></span></p><span id="midArticle_0"></span> <p> "International clients will continue to appreciate the financial privacy traditionally anchored in Switzerland," the chairman of Switzerland's biggest dedicated wealth manager said in an interview for Wednesday's edition of Finanz und Wirtschaft.</p><span id="midArticle_1"></span> <p> Switzerland last week offered to relax strict bank secrecy in some tax evasion cases in a response to a global crackdown on tax havens that has been rattling the offshore banking industry. [ID:nLD122324]</p><span id="midArticle_2"></span> <p><br /></p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-6442580367376474309?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(89) "http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSB62434720090317" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/6442580367376474309/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=6442580367376474309" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/6442580367376474309?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/6442580367376474309?v=2" ["link"]=> string(84) "http://offshore-banking-news.blogspot.com/2009/03/swiss-offshore-banking-strong.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [4]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2491457075494053136" ["published"]=> string(29) "2009-03-17T09:24:00.000+02:00" ["updated"]=> string(29) "2009-03-17T09:26:26.897+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-17T09:26:26.897+02:00" } ["title"]=> string(33) "Offshore Tax Haven Privacy Update" ["atom_content"]=> string(1713) "<p>What the <em>Financial Times </em>of London calls "a cascade of concessions on tax secrecy by some of the world’s leading private wealth centers" is being hailed by some as "a breakthrough in a decade-long international assault on tax evasion."</p> <p><a href="http://sovereignsociety.typepad.com/.a/6a00d83451b3ec69e20112796e6ab128a4-pi" style="float: left;"><img alt="Linked arms" class="at-xid-6a00d83451b3ec69e20112796e6ab128a4" src="http://sovereignsociety.typepad.com/.a/6a00d83451b3ec69e20112796e6ab128a4-120wi" style="margin: 0px 5px 5px 0px;" /></a> </p> <p>To some degree that may be true, since the pursuit of specific tax evaders by foreign countries will be made easier by greater co-operation from Switzerland, Austria, Luxembourg, Hong Kong, Singapore, Liechtenstein, Andorra and others.</p> <p>In recent days each of these leading offshore jurisdictions has bowed to pressure, announcing that they will adopt international standards on tax information exchange, although they insist they will continue to protect investors’ <a href="http://baumanblog.sovereignsociety.com/2009/02/why-we-must-champion-privacy.html">privacy</a> under their own laws. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2491457075494053136?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(85) "http://baumanblog.sovereignsociety.com/2009/03/offshore-tax-haven-privacy-update.html" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2491457075494053136/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2491457075494053136" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2491457075494053136?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2491457075494053136?v=2" ["link"]=> string(88) "http://offshore-banking-news.blogspot.com/2009/03/offshore-tax-haven-privacy-update.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [5]=> array(13) { ["id"]=> string(69) "tag:blogger.com,1999:blog-5967085295944202960.post-110053419533803815" ["published"]=> string(29) "2009-03-13T14:27:00.000+02:00" ["updated"]=> string(29) "2009-03-13T14:28:55.342+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-13T14:28:55.342+02:00" } ["atom_content"]=> string(2138) "<div style="margin: 0pt 5px 0pt 0pt; float: left;"> <div id="newsphoto"> <img src="http://www.bloomberg.com/apps/data?pid=avimage&amp;iid=inI31NQZ8cJQ" alt="" border="0" width="220" height="165" /></div> </div> <p> </p><p>March 11 (Bloomberg) -- R. <a href="http://search.bloomberg.com/search?q=Allen+Stanford&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1" onmouseover="return escape( popwSearchNews( this ))">Allen Stanford</a>, clad in jeans and a white polo shirt embroidered with his corporate eagle-shield logo, told employees on Antigua in 2005 that he spent “millions and millions and millions of dollars” on the island “to attract the wealthiest people in the world.” </p> <p>Potential clients “have to go back literally blown away,” the Texas banker said, according to a video of the meeting provided by Howard Allen, an Antiguan filmmaker who said he was hired to shoot it. Stanford said on the tape that he was upset by opposition to his latest development plans.</p><p>The financier, 58, accused by the U.S. of running an $8 billion Ponzi scheme, built Antigua into a marketing showcase for his Stanford Financial Group by lending its government at least 230 million Eastern Caribbean dollars ($85 million) and <a href="http://www.antigua-barbuda.com/news_archive/newsletter83.asp" target="_blank" onmouseover="return escape( popwOpenWebSite( this ))">handing checks</a> to public officials, according to interviews and documents. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-110053419533803815?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(75) "http://www.bloomberg.com/apps/news?pid=20601170&refer=home&sid=aeW5Ek4VNrO4" ["link_replies"]=> string(168) "http://offshore-banking-news.blogspot.com/feeds/110053419533803815/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=110053419533803815" ["link_edit"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/110053419533803815?v=2" ["link_self"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/110053419533803815?v=2" ["link"]=> string(75) "http://offshore-banking-news.blogspot.com/2009/03/march-11-bloomberg-r.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [6]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2294310994932244333" ["published"]=> string(29) "2009-03-10T20:34:00.000+02:00" ["updated"]=> string(29) "2009-03-10T20:35:16.413+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-10T20:35:16.413+02:00" } ["title"]=> string(48) "Jersey prepares for scrutiny of offshore banking" ["atom_content"]=> string(1513) "<p><strong><a id="articleLocation" title="Click to view map" href="http://www.iht.com/articles/2009/03/08/business/jersey.php#">ST. HELIER, Jersey</a>:</strong> The village-like capital of Jersey features many of the brands typically found in any British town: the Ladbrokes betting shop, the retailer Marks and Spencer and the drugstore Boots.</p> <p>But step down a side street on this plush island off the French coast and almost every other building bears the name of a private equity, wealth management, or banking firm.</p> <p>The social security office sits almost exactly opposite BNP Paribas Securities Services, a coincidental symbol of this British crown dependency's reliance on its status as an offshore banking tax haven, a status that scandal elsewhere has dragged into the limelight.</p> <p>"The bankers have brought a heck of a lot of money to the island," said Michelle Hervieu, a 40-year-old cab driver who has lived in St. Helier all her life.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2294310994932244333?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(58) "http://www.iht.com/articles/2009/03/08/business/jersey.php" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2294310994932244333/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2294310994932244333" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2294310994932244333?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2294310994932244333?v=2" ["link"]=> string(86) "http://offshore-banking-news.blogspot.com/2009/03/jersey-prepares-for-scrutiny-of.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [7]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4160062573632085292" ["published"]=> string(29) "2009-03-04T11:23:00.000+02:00" ["updated"]=> string(29) "2009-03-04T11:24:41.859+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-04T11:24:41.859+02:00" } ["title"]=> string(19) "ANTIGUA COOPERATIVE" ["atom_content"]=> string(1834) "<p>ST. JOHN'S, Antigua - Having seized control of Robert Allen Stanford's two banks in recent days, Antiguan government officials are now pledging to work closely with <a href="http://www2.tbo.com/topic/k/american-regulators/">American regulators</a> to investigate their offshore banking system, long suspected by federal officials of being a center for laundering money from around the region.</p> <p>"We are prepared to cooperate fully with the Americans in probing this whole affair," Prime Minister Winston <a href="http://www2.tbo.com/topic/k/baldwin-spencer/">Baldwin Spencer</a> said last week. He added that the scandal "has serious implications" for the offshore banking sector.</p> <p>That acknowledgment countered statements only two weeks ago by local <a href="http://www2.tbo.com/topic/k/bank-regulators/">bank regulators</a> that the financial system in Antigua was absolutely clean. It comes after the <a href="http://www2.tbo.com/topic/k/securities-and-exchange-commission/">Securities and Exchange Commission</a> accused Stanford in a civil complaint of engaging in an $8 billion fraud involving high-yielding <a href="http://www2.tbo.com/topic/k/certificates-of-deposit/">certificates of deposit</a> sold by an offshore bank here. Stanford has not been criminally charged.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4160062573632085292?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(63) "http://www2.tbo.com/content/2009/mar/01/co-antigua-cooperative/" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4160062573632085292/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4160062573632085292" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4160062573632085292?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4160062573632085292?v=2" ["link"]=> string(74) "http://offshore-banking-news.blogspot.com/2009/03/antigua-cooperative.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [8]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-9204578506664191092" ["published"]=> string(29) "2009-03-03T22:48:00.000+02:00" ["updated"]=> string(29) "2009-03-03T22:49:45.090+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-03T22:49:45.090+02:00" } ["title"]=> string(28) "Belize offshore tax planning" ["atom_content"]=> string(4699) "<span class="news-body-text"><span id="ls_contents-0"><span><span>Belize Offshore <span style="border-bottom: 1px solid rgb(0, 0, 255); text-decoration: underline; color: rgb(0, 0, 255); font-size: 12.75px; font-weight: 400; font-style: normal; font-family: arial,tahoma,verdana,sans-serif;" class="IL_LINK_STYLE">Business Centre</span>: Belize Offshore has become popular jurisdiction for the incorporation of IBC's due to its English-based legal <a id="KonaLink2" target="undefined" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://www.newdesignworld.com/press/story/9307#"><span style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;color:blue;" ><span class="kLink" style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;">system</span></span></a>. Belize Offshore Government, Belize Offshore Services Company, belize <a id="KonaLink3" target="undefined" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://www.newdesignworld.com/press/story/9307#"><span style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;color:blue;" ><span class="kLink" style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;">offshore </span><span class="kLink" style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;">investment</span></span></a> services, Belize Offshore Consultants, Belize Offshore Business, Belize Offshore </span><span style="border-bottom: 1px solid rgb(0, 0, 255); text-decoration: underline; color: rgb(0, 0, 255); font-size: 12.75px; font-weight: 400; font-style: normal; font-family: arial,tahoma,verdana,sans-serif;" class="IL_LINK_STYLE">Incorporation Services</span>, belize offshore registration services, Belize Offshore Registration, Belize Offshore Services, belize offshore business registration, belize offshore tax planning. </span><br /><br /><span>An international Business Company is defined as a company that pays no <a id="KonaLink4" target="undefined" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://www.newdesignworld.com/press/story/9307#"><span style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;color:blue;" ><span class="kLink" style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;">taxes</span></span></a>, and is for the most part free of <a id="KonaLink5" target="undefined" class="kLink" style="text-decoration: underline ! important; position: static;" href="http://www.newdesignworld.com/press/story/9307#"><span style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;color:blue;" ><span class="kLink" style="color: blue ! important; font-family: arial,tahoma,verdana,sans-serif; font-weight: 400; font-size: 12.75px; position: static;">trade</span></span></a> and other restrictions such as exchange control, trade licensing and public disclosure requirements in the country in which it is incorporated and resident. Belize-Offshore, belize offshore company, Belize Offshore, Agents in belize offshore, Belize Offshore Banking, registered agents in belize offshore, business set up in belize offshore, belize offshore financial services, Registered Agent in Belize, <span style="border-bottom: 1px solid rgb(0, 0, 255); text-decoration: underline; color: rgb(0, 0, 255); font-size: 12.75px; font-weight: 400; font-style: normal; font-family: arial,tahoma,verdana,sans-serif;" class="IL_LINK_STYLE">company formation</span> in belize offshore, Belize Offshore <span class="IL_SPAN"><input name="IL_MARKER" type="hidden">Company Formation</span>. </span></span></span><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-9204578506664191092?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(46) "http://www.newdesignworld.com/press/story/9307" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/9204578506664191092/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=9204578506664191092" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/9204578506664191092?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/9204578506664191092?v=2" ["link"]=> string(83) "http://offshore-banking-news.blogspot.com/2009/03/belize-offshore-tax-planning.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [9]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2581576171192865572" ["published"]=> string(29) "2009-03-03T11:52:00.000+02:00" ["updated"]=> string(29) "2009-03-03T11:53:35.000+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-03T11:53:35.000+02:00" } ["title"]=> string(26) "Anti-tax haven bill coming" ["atom_content"]=> string(1289) "<p>The bill comes just two days ahead of a Senate hearing where a senior UBS AG executive is due to testify about an investigation of the Swiss banking giant.</p><span id="midArticle_3"></span> <p>"Offshore tax haven and tax shelter abuses are undermining the integrity of our tax system," said Levin in a statement given to Reuters. "We cannot tolerate $100 billion in offshore tax abuses burning a hole through our budget each year.</p><span id="midArticle_4"></span> <p>"We can fight back against secrecy jurisdictions and shut down offshore tax abuses if we have the political will."</p><span id="midArticle_5"></span> <p>Companion legislation is expected to be introduced in the U.S. House of Representatives, the aides said.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2581576171192865572?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(67) "http://uk.reuters.com/article/companyNewsMolt/idUKTRE52153320090303" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2581576171192865572/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2581576171192865572" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2581576171192865572?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2581576171192865572?v=2" ["link"]=> string(81) "http://offshore-banking-news.blogspot.com/2009/03/anti-tax-haven-bill-coming.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [10]=> array(14) { ["id"]=> string(69) "tag:blogger.com,1999:blog-5967085295944202960.post-817615390399895501" ["published"]=> string(29) "2009-03-02T13:07:00.000+02:00" ["updated"]=> string(29) "2009-03-02T13:08:17.908+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-02T13:08:17.908+02:00" } ["title"]=> string(49) "Global hunt for tax cheats rocks offshore centres" ["atom_content"]=> string(2789) "<p> ZURICH, Feb 27 - Offshore <a href="http://news.alibaba.com/article/list/1/financial.html" target="_blank">financial</a> centres which have thrived under a veil of <a href="http://news.alibaba.com/article/list/1/bank.html" target="_blank">bank</a> secrecy will have to embrace transparency to survive a global crackdown on tax cheats that is menacing the private banking sector in <a href="http://news.alibaba.com/article/list/1/switzerland.html" target="_blank">Switzerland</a> and beyond.</p> <p> A <a href="http://news.alibaba.com/article/list/1/u.s.html" target="_blank">U.S</a>. tax fraud probe into <a href="http://news.alibaba.com/article/list/1/ubs.html" target="_blank">UBS</a> AG, the <a href="http://news.alibaba.com/article/list/1/world.html" target="_blank">world</a>'s largest wealth manager, is showing <a href="http://news.alibaba.com/article/list/1/washington.html" target="_blank">Washington</a> is serious about chasing tax dodgers at a time when it is desperate for revenue to revive its ailing <a href="http://news.alibaba.com/article/list/1/financial.html" target="_blank">financial</a> sector.</p> <p> In <a href="http://news.alibaba.com/article/list/1/europe.html" target="_blank">Europe</a>, <a href="http://news.alibaba.com/article/list/1/britain.html" target="_blank">Britain</a> has joined <a href="http://news.alibaba.com/article/list/1/germany.html" target="_blank">Germany</a> and <a href="http://news.alibaba.com/article/list/1/france.html" target="_blank">France</a> in the battle against tax havens and has put the item on the agenda of a Group of 20 nations meeting on April 2, bringing the political debate on tax evasion to unprecedented levels.</p> <p> "The pressure is on to crack down on offshore centres," said Dermot Butler, chairman of Custom House, which provides onshore and offshore funds. "The long-term effects on the Caribbean, and <a href="http://news.alibaba.com/article/list/1/switzerland.html" target="_blank">Switzerland</a> and <a href="http://news.alibaba.com/article/list/1/liechtenstein.html" target="_blank">Liechtenstein</a> is that those who were suspicious of them will be even more so."</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-817615390399895501?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(101) "http://news.alibaba.com/article/detail/markets/100059746-1-analysis-global-hunt-tax-cheats-rocks.html" ["link_replies"]=> string(168) "http://offshore-banking-news.blogspot.com/feeds/817615390399895501/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=817615390399895501" ["link_edit"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/817615390399895501?v=2" ["link_self"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/817615390399895501?v=2" ["link"]=> string(87) "http://offshore-banking-news.blogspot.com/2009/03/global-hunt-for-tax-cheats-rocks.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [11]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4055290334895146588" ["published"]=> string(29) "2009-03-01T23:26:00.000+02:00" ["updated"]=> string(29) "2009-03-01T23:27:57.369+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-01T23:27:57.369+02:00" } ["title"]=> string(33) "UK 'is losing £4bn tax offshore'" ["atom_content"]=> string(1113) "<p>EU rules allow UK residents to declare interest earned overseas or to have 15% withheld from interest in the country where the account is held. </p><p>Separately, a report says MPs are calling for a review into the use of havens by taxpayer-backed banks. <!-- E SF --></p><p>Under the EU rules, three-quarters of the 15% in tax on interest that is withheld offshore is eventually paid to the UK government. </p><p>But this means that the effective amount collected by HM Revenue and Customs was 11.25% - rather than the 40% which would typically be paid, the TUC says. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4055290334895146588?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(47) "http://news.bbc.co.uk/2/hi/business/7917456.stm" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4055290334895146588/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4055290334895146588" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4055290334895146588?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4055290334895146588?v=2" ["link"]=> string(84) "http://offshore-banking-news.blogspot.com/2009/03/uk-is-losing-4bn-tax-offshore.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [12]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-3094745508758578419" ["published"]=> string(29) "2009-03-01T17:56:00.000+02:00" ["updated"]=> string(29) "2009-03-01T17:57:23.893+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-03-01T17:57:23.893+02:00" } ["title"]=> string(37) "Swiss may make concessions on secrecy" ["atom_content"]=> string(1419) "<p> ZURICH, Feb 28 (Reuters) - Switzerland may have to make some concessions if it does not want to be put on a black list of tax havens, Switzerland's president and finance minister was quoted as saying on Saturday.<span id="midArticle_byline"></span></p><span id="midArticle_0"></span> <p> Banking secrecy is entrenched in Switzerland, in law and also the mentality of the people, and the country does not want to give it up but "certain matters of fact must be up for debate," Hans-Rudolf Merz said in the country's capital Berne, according to news agency SDA.</p><span id="midArticle_1"></span> <p> "We will perhaps have to make concessions in some cases or others," Merz said, adding that otherwise sanctions could be taken against Swiss banks and the country could be put on the Organisation for Economic Cooperation and Development's black list of tax havens.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-3094745508758578419?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(89) "http://uk.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUKLS39915920090228" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/3094745508758578419/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=3094745508758578419" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/3094745508758578419?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/3094745508758578419?v=2" ["link"]=> string(92) "http://offshore-banking-news.blogspot.com/2009/03/swiss-may-make-concessions-on-secrecy.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [13]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-5368865253910928346" ["published"]=> string(29) "2009-02-28T11:48:00.000+02:00" ["updated"]=> string(29) "2009-02-28T12:00:17.899+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-28T12:00:17.899+02:00" } ["title"]=> string(24) "Swiss banking and beyond" ["atom_content"]=> string(1646) "<div>The latest development comes on the heels of a groundbreaking concession. Last week, UBS agreed to demands by the US taxing agency to release the names of about 250 private account holders, who may have used UBS to evade taxes in the US. <div class="dvbxImg"><img src="http://www.livemint.com/images/6A11CBF7-BDD2-49C5-846A-3F5EEC71B433ArtVPF.gif" alt="Illustration: Jayachandran / Mint" title="Illustration: Jayachandran / Mint" align="left" width="227" height="191" /><div class="dvbxImgCapt" style="width: 227px;"><br /></div></div></div><div>But the push and pull between the US and Swiss banking system has broader resonance for the global financial system: Secretive banks and tax havens—free from regulatory scrutiny—are simply unacceptable.</div><div>Swiss banks have long been a safe haven for the loot of autocratic strongmen. Reports abound of the most reviled individuals of the 20th century stashing their funds in Swiss accounts, including Zimbabwe’s Robert Mugabe and those close to Saddam Hussein. In 2001, the US accused Swiss banks of clearing Osama bin Laden’s financing.</div><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-5368865253910928346?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(74) "http://www.livemint.com/2009/02/23232923/Swiss-banking-and-beyond.html?h=B" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/5368865253910928346/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=5368865253910928346" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/5368865253910928346?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/5368865253910928346?v=2" ["link"]=> string(82) "http://offshore-banking-news.blogspot.com/2009/02/swiss-banking-and-beyond_28.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [14]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-1315481439972966373" ["published"]=> string(29) "2009-02-28T00:27:00.000+02:00" ["updated"]=> string(29) "2009-02-28T00:28:40.445+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-28T00:28:40.445+02:00" } ["title"]=> string(51) "Offshore centres under pressure to cooperate on tax" ["atom_content"]=> string(1565) "<div> ZURICH, Feb 27 (Reuters) - Offshore financial centres which have thrived under a veil of bank secrecy will have to embrace transparency to survive a global crackdown on tax cheats that is menacing the private banking sector in Switzerland and beyond.</div> <div> A U.S. tax fraud probe into UBS AG, the world's largest wealth manager, is showing Washington is serious about chasing tax dodgers at a time when it is desperate for revenue to revive its ailing financial sector.</div> <div> In Europe, Britain has joined Germany and France in the battle against tax havens and has put the item on the agenda of a Group of 20 nations meeting on April 2, bringing the political debate on tax evasion to unprecedented levels.</div> <div> "The pressure is on to crack down on offshore centres," said Dermot Butler, chairman of Custom House, which provides onshore and offshore funds. "The long-term effects on the Caribbean, and Switzerland and Liechtenstein is that those who were suspicious of them will be even more so."</div><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-1315481439972966373?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(54) "http://www.guardian.co.uk/business/feedarticle/8379049" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/1315481439972966373/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=1315481439972966373" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/1315481439972966373?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/1315481439972966373?v=2" ["link"]=> string(89) "http://offshore-banking-news.blogspot.com/2009/02/offshore-centres-under-pressure-to.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [15]=> array(14) { ["id"]=> string(69) "tag:blogger.com,1999:blog-5967085295944202960.post-400957940884573533" ["published"]=> string(29) "2009-02-26T23:17:00.000+02:00" ["updated"]=> string(29) "2009-02-26T23:18:20.961+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-26T23:18:20.961+02:00" } ["title"]=> string(39) "UBS, Stanford Propel Offshore Crackdown" ["atom_content"]=> string(1420) "A federal judge has set a July 13 hearing for UBS, in which they may be forced to disclose names associated with 52,000 secret Swiss bank accounts holding more than $14.8 billion in assets. UBS continues to assert that by providing these names, they are compromising overseas privacy laws as well as the reputation of the bank. <p>”Such violations would expose these employees to substantial prison terms, as well as fines, penalties and other sanctions,” UBS said in a court filing last week. “There is simply no reason to have, nor equity in having, such an expedited process here.”</p> <p>UBS is feeling the heat from a surge of international pressure to crack down on secret tax havens sought by the wealthy. Estimating the U.S. loses $100 billion a year from offshore tax abuse, President Obama is at the forefront of the campaign to get tough on tax evasion. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-400957940884573533?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(79) "http://www.hedgeco.net/news/02/2009/ubs-stanford-propel-offshore-crackdown.html" ["link_replies"]=> string(168) "http://offshore-banking-news.blogspot.com/feeds/400957940884573533/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=400957940884573533" ["link_edit"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/400957940884573533?v=2" ["link_self"]=> string(85) "http://www.blogger.com/feeds/5967085295944202960/posts/default/400957940884573533?v=2" ["link"]=> string(93) "http://offshore-banking-news.blogspot.com/2009/02/ubs-stanford-propel-offshore-crackdown.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [16]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-6831307003212055123" ["published"]=> string(29) "2009-02-25T12:40:00.000+02:00" ["updated"]=> string(29) "2009-02-25T12:43:08.891+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-25T12:43:08.891+02:00" } ["title"]=> string(24) "Swiss banking and beyond" ["atom_content"]=> string(1395) "<div>US regulators and the Swiss banking giant UBS are embroiled in a battle over information on UBS’ private depositors. The US says UBS is facilitating tax fraud, and is demanding information on 52,000 account holders with nearly $15 billion in assets.<br /><br /></div>The latest development comes on the heels of a groundbreaking concession. Last week, UBS agreed to demands by the US taxing agency to release the names of about 250 private account holders, who may have used UBS to evade taxes in the US.<br /><br />Swiss banks have long been a safe haven for the loot of autocratic strongmen. Reports abound of the most reviled individuals of the 20th century stashing their funds in Swiss accounts, including Zimbabwe’s Robert Mugabe and those close to Saddam Hussein. In 2001, the US accused Swiss banks of clearing Osama bin Laden’s financing.<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-6831307003212055123?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(74) "http://www.livemint.com/2009/02/23232923/Swiss-banking-and-beyond.html?h=B" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/6831307003212055123/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=6831307003212055123" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/6831307003212055123?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/6831307003212055123?v=2" ["link"]=> string(79) "http://offshore-banking-news.blogspot.com/2009/02/swiss-banking-and-beyond.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [17]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-7783178840028435577" ["published"]=> string(29) "2009-02-24T18:53:00.000+02:00" ["updated"]=> string(29) "2009-02-24T18:54:57.191+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-24T18:54:57.191+02:00" } ["title"]=> string(45) "UBS tax deal is Swiss bank secrecy's Waterloo" ["atom_content"]=> string(1516) "<p>ZURICH (Reuters) - UBS's landmark settlement deal with U.S. tax authorities could be the final nail in the coffin for Switzerland's prized bank secrecy and will have far-reaching consequences for the whole offshore financial industry.</p><span id="midArticle_1"></span> <p>Under pressure from Washington, Berne agreed to let UBS (<span style="" id="symbol_UBSN.VX_0"><a href="http://uk.reuters.com/business/quotes/quote?symbol=UBSN.VX">UBSN.VX</a></span>)(<span style="" id="symbol_UBS.N_1"><a href="http://uk.reuters.com/business/quotes/quote?symbol=UBS.N">UBS.N</a></span>) pass on data of certain U.S. clients without waiting for an ongoing appeal process against the data transfer by some of these clients, an unprecedented step in Switzerland.</p><span id="midArticle_2"></span> <p>Switzerland's leading newspaper, Neue Zuercher Zeitung, called the $780 million (545.70 million pounds) settlement, which UBS agreed with Berne's blessing, a "capitulation".</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-7783178840028435577?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(71) "http://uk.reuters.com/article/stocksAndSharesNews/idUKLNE51I00M20090220" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/7783178840028435577/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=7783178840028435577" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/7783178840028435577?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/7783178840028435577?v=2" ["link"]=> string(90) "http://offshore-banking-news.blogspot.com/2009/02/ubs-tax-deal-is-swiss-bank-secrecys.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [18]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2723944666603832195" ["published"]=> string(29) "2009-02-20T01:02:00.000+02:00" ["updated"]=> string(29) "2009-02-20T01:03:08.939+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-20T01:03:08.939+02:00" } ["title"]=> string(41) "Secret Offshore Banking - Is It Possible?" ["atom_content"]=> string(1278) "<p>Secret offshore bank accounts are the stuff of legend. This article intends to debunk some of the myths about secret offshore banking by setting out what is and isn't possible.</p> <p>1) It's impossible to open an offshore bank account without first somehow identifying yourself. This means sending a notarized copy of your bank account/passport details to the bank or intermediary.</p> <p>2) Most offshore banks will also require a reference from a bank at home.</p> <p>3) If you open an offshore account in the name of your offshore company, you still need to provide all the formation documents, and the name and address of a real person. No bank will let a faceless entity open an account without pinning it down to a real person.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2723944666603832195?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(44) "http://www.bestsyndication.com/?q=node/24521" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2723944666603832195/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2723944666603832195" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2723944666603832195?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2723944666603832195?v=2" ["link"]=> string(93) "http://offshore-banking-news.blogspot.com/2009/02/secret-offshore-banking-is-it-possible.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [19]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4018887764775525204" ["published"]=> string(29) "2009-02-17T12:41:00.000+02:00" ["updated"]=> string(29) "2009-02-17T12:42:58.489+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-17T12:42:58.489+02:00" } ["title"]=> string(38) "Demand for action on offshore accounts" ["atom_content"]=> string(1249) "An online campaign was launched today by Christian Aid urging supporters to lobby their MPs in an attempt to bring tax justice to developing nations.<br /><br />The charity said creative accounting by large multinational companies was allowing them to evade taxes in countries which had neither the resources nor the expertise to effectively deal with them.<br /><br />They are asking supporters to pressure their MP to lobby Gordon Brown on the need to an end to off-shore banking secrecy.<br /><br />Matthew Sowemimo, Christian Aid's tax campaign officer, said: "We are asking supporters to get their MPs involved.<br /><br />"When an MP writes to the prime minister, he or she has to receive a personal reply.<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4018887764775525204?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(94) "http://www.inthenews.co.uk/news/health/economy/demand-action-on-offshore-accounts-$1269650.htm" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4018887764775525204/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4018887764775525204" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4018887764775525204?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4018887764775525204?v=2" ["link"]=> string(93) "http://offshore-banking-news.blogspot.com/2009/02/demand-for-action-on-offshore-accounts.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [20]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-8585149466088925505" ["published"]=> string(29) "2009-02-09T11:02:00.000+02:00" ["updated"]=> string(29) "2009-02-09T11:03:32.006+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-09T11:03:32.006+02:00" } ["title"]=> string(41) "How offshore capitalism ate our economies" ["atom_content"]=> string(1571) "The world, as Arthur Schopenhauer observed, is a business that doesn’t cover its expenses. This wasn’t idle metaphysics but first-hand experience. The Schopenhauer family had been wealthy stockbrokers in the free trade city of Hamburg. Then the European economy collapsed and they lost everything.<br /><br /> Two hundred years later, there is much that Schopenhauer would find familiar in the landscape of bank failures, collapsed companies and growing unemployment. What lies behind the global recession is a particularly virile form of capitalism, now seemingly in its death throes. Let’s call it “offshore” capitalism — literally so in the way it had locked itself into a network of tax havens and offshore finance centers that formed the shadow side of the world’s banks and mega-corporations. But this was offshore in a metaphorical sense too — it produced financial structures and instruments so absurdly technical and abstract that the net effect was a freakishly remote economic system, detached from society.<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-8585149466088925505?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(73) "http://www.taipeitimes.com/News/editorials/archives/2009/02/09/2003435599" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/8585149466088925505/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=8585149466088925505" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/8585149466088925505?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/8585149466088925505?v=2" ["link"]=> string(86) "http://offshore-banking-news.blogspot.com/2009/02/how-offshore-capitalism-ate-our.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [21]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-4865715602886627871" ["published"]=> string(29) "2009-02-03T19:10:00.000+02:00" ["updated"]=> string(29) "2009-02-03T19:12:53.658+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-02-03T19:12:53.658+02:00" } ["title"]=> string(38) "Offshore Singapore, why so attractive?" ["atom_content"]=> string(3312) "<span class="inline left"><img src="http://www.ecommerce-journal.com/files/levelimages/12856/1_node.jpg" alt="Offshore Singapore, why so attractive?" title="Offshore Singapore, why so attractive?" class="image thumbnail" /></span> <p> </p> <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/singapore"><acronym title="Read more about Singapore">Singapore</acronym></a> is the 5th wealthiest country in the world in terms of <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/gdp"><acronym title="Read more about GDP">GDP</acronym></a> (PPP) per capita. Total GDP (PPP) as of 2007 <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/accounts"><acronym title="Read more about accounts">accounts</acronym></a> for $228.303 billion or $49,754 per capita. The state has foreign <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/exchange"><acronym title="Read more about exchange">exchange</acronym></a> reserves of more than <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/us"><acronym title="Read more about US">US</acronym></a>$177 billion. Singapore has always been an important strategic and economic center facilitating the world <a class="glossary-term" href="http://www.ecommerce-journal.com/glossary#term316"><acronym title="Read more about trade">trade</acronym></a> and providing its port for US military forces. Within just several years the city-state also became a <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/financial"><acronym title="Read more about financial">financial</acronym></a> center of Asia that competes with Hong Kong. The impetus that caused Singapore to arise as a <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/banking"><acronym title="Read more about banking">banking</acronym></a> haven took place in 2004. In the course of its development Singapore had its <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/economy"><acronym title="Read more about economy">economy</acronym></a> heavily dependent on exports, particularly in <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/electronics"><acronym title="Read more about electronics">electronics</acronym></a> and manufacturing. At the beginning of the 21st century the country was hard hit by the slump in the technology sector as well as by the outbreak of Severe Acute Respiratory Syndrome in 2003 as it prevented tourism and <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/consumer"><acronym title="Read more about consumer">consumer</acronym></a> <a class="glossary-term" href="http://www.ecommerce-journal.com/tags/spending"><acronym title="Read more about spending">spending</acronym></a>.<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-4865715602886627871?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(84) "http://www.ecommerce-journal.com/articles/12856_offshore_singapore_why_so_attractive" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/4865715602886627871/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=4865715602886627871" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4865715602886627871?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/4865715602886627871?v=2" ["link"]=> string(91) "http://offshore-banking-news.blogspot.com/2009/02/offshore-singapore-why-so-attractive.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [22]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2695983475884344911" ["published"]=> string(29) "2009-01-31T17:25:00.000+02:00" ["updated"]=> string(29) "2009-01-31T17:26:20.176+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-01-31T17:26:20.176+02:00" } ["title"]=> string(41) "Shareholder Sues UBS Over US Offshore Tax" ["atom_content"]=> string(1362) "The complaint alleges the Swiss bank concealed the scheme from U.S. authorities, while intentionally creating the impression the company's wealth-management group was experiencing unprecedented growth. The lawsuit also claims UBS routinely assured investors and analysts that it employed state-of-the-art risk management tactics and had robust internal controls to mitigate risks.<br /><br />"These statements were all false and misleading because at the time they were made defendants were actively engaged in a tax-evasion scheme which, even when investigators had fingered some of the company's lower level client advisors, defendants ultimately could not abandon because it was simply too valuable to UBS," the lawsuit said.<br /> The company's stock price "plummeted" when the scheme became public, the complaint said.<div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2695983475884344911?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(113) "http://www.easybourse.com/bourse-actualite/marches/shareholder-sues-ubs-over-us-offshore-tax-evasion-probe-607481" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2695983475884344911/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2695983475884344911" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2695983475884344911?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/2695983475884344911?v=2" ["link"]=> string(92) "http://offshore-banking-news.blogspot.com/2009/01/shareholder-sues-ubs-over-us-offshore.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [23]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-7949146923927399129" ["published"]=> string(29) "2009-01-26T20:15:00.000+02:00" ["updated"]=> string(29) "2009-01-26T20:16:23.276+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-01-26T20:16:23.276+02:00" } ["title"]=> string(48) "Save Your Self and Your Cash - Bank Offshore Now" ["atom_content"]=> string(1446) "<p>From the front page of this morning's <em>New York Times</em>: "Only five days into the Obama presidency, members of the new administration and Democratic leaders in Congress are already dancing around one of the most politically delicate questions about the financial bailout: Is the president prepared to nationalize a huge swath of the nation’s banking system?"</p> <p><a href="http://sovereignsociety.typepad.com/.a/6a00d83451b3ec69e2010536f7c09d970c-pi" style="float: left;"><img alt="Wsj banks" class="at-xid-6a00d83451b3ec69e2010536f7c09d970c" src="http://sovereignsociety.typepad.com/.a/6a00d83451b3ec69e2010536f7c09d970c-320wi" style="margin: 0px 5px 5px 0px;" /></a> </p> <p>To a large degree, the answer is that, thanks to George Bush, the last Democrat Congress and President Obama, billion dollar bailouts already have made banks wards of the U.S. government, feeding off taxpayer funds.</p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-7949146923927399129?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(100) "http://baumanblog.sovereignsociety.com/2009/01/save-your-self-and-your-cash---bank-offshore-now.html" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/7949146923927399129/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=7949146923927399129" ["link_edit"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/7949146923927399129?v=2" ["link_self"]=> string(86) "http://www.blogger.com/feeds/5967085295944202960/posts/default/7949146923927399129?v=2" ["link"]=> string(88) "http://offshore-banking-news.blogspot.com/2009/01/save-your-self-and-your-cash-bank.html" ["author_name"]=> string(6) "Editor" ["author_email"]=> string(19) "noreply@blogger.com" ["thr"]=> array(1) { ["total"]=> string(1) "0" } } [24]=> array(14) { ["id"]=> string(70) "tag:blogger.com,1999:blog-5967085295944202960.post-2009189778044221614" ["published"]=> string(29) "2009-01-24T11:51:00.000+02:00" ["updated"]=> string(29) "2009-01-24T11:54:08.796+02:00" ["app"]=> array(1) { ["edited"]=> string(29) "2009-01-24T11:54:08.796+02:00" } ["title"]=> string(113) "Switzerland's largest bank—UBS—has announced that it will close all the offshore accounts of its U.S. clients" ["atom_content"]=> string(1357) "<p>It's no surprise that UBS wants to divest itself of its U.S. clients. Based on information from a former UBS employee turned IRS informant, U.S. prosecutors have demanded that UBS release the banking records of its 19,000 U.S. depositors. Armed with this information, prosecutors would have an open-and-shut case against any U.S. person who failed to report income or gain from their UBS account. </p><p>The Swiss government so far has refused to allow UBS to turn over these records, citing the country's bank secrecy laws. However, negotiations are underway that may permit banking records to be released on a case-by-case basis. If you're a U.S. person with an unreported offshore account at UBS—or anywhere else—contact a tax lawyer immediately for assistance. The IRS has you in their cross hairs. </p><div class="blogger-post-footer"><script type="text/javascript"><!-- google_ad_client = "pub-1009791573708593"; google_ad_width = 125; google_ad_height = 125; google_ad_format = "125x125_as"; google_ad_type = "text_image"; google_ad_channel = ""; //--></script> <script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js"> </script><img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5967085295944202960-2009189778044221614?l=offshore-banking-news.blogspot.com' alt='' /></div>" ["link_related"]=> string(98) "http://nestmannblog.sovereignsociety.com/2009/01/swiss-banking-giant-to-close-all-us-accounts.html" ["link_replies"]=> string(170) "http://offshore-banking-news.blogspot.com/feeds/2009189778044221614/comments/defaulthttp://www.blogger.com/comment.g?blogID=5967085295944202960&postID=2009189778044221614" ["link_edit"]=> string(86) 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