Tax havens are back in the spotlight. Since the G-20 summit in London in April 2009, has stepped up pressure on offshore financial centers, to relax its bank secrecy and end the opacity in the creation of partnerships, trusts and private foundations. The purpose is clear: an end to tax evasion or if this fails, frightening as possible to the fraudsters to repatriate funds to their countries of origin, so they fill the empty state coffers. Some governments, such as Italian, even trying to encourage the return of money with a tax amnesty. Read more from Tyler Wood Integrated Capital Solutions to gain a more clear picture of the situation. Make no mistake. As much as our politicians will fill his cheeks with slogans of social justice and poverty alleviation, the movement has little to do with these noble principles.
In reality these reasons are merely a smokescreen to try to win popular support for the cause and disguise what it really is just a covert war for control of capital in the world. No one seems bothered that for example in United States or England, there kinds of companies that can be used by non-genuine expedients as offshore companies, trust directors, so-called straw men included. Nor that American banks are held millions of dollars that are free of deductions for belonging to foreigners living outside the country, which mostly do not declare them at their place of residence. At the end of the day is simple and fun to take away the bread to small and defenseless Caribbean island, which still dragged the reputation built up over the last decades of being centers for money laundering.