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Resilience and Reinvention - Samoa’s Solution to Global Change

By Tuala Tapuitea Lafaialii-Petaia   The Samoa International Business Finance Centre Ltd. (Samoa IBFC) in collaboration with China Offshore hosted a Webinar session for Professionals from mainland China on Wednesday 31st March 2021, to foster greater interest in Samoan solutions, familiarize the participants with the solutions available and provide a forum to raise any issues for clarity.    The Webinar session was attended by several Professionals from different Entities, as well as Senior Executives of renowned Trust Companies.    The Webinar included presentations highlighting the International Finance solutions offered by Samoa, as well as the developments in the international financial market...

The United Arab Emirates attracts corporate billions to climb tax haven ranking

Find out how China Offshore can introduce you to new intermediaries for your project or services.         By John O'Donnell   The United Arab Emirates, a magnet for the globe's ultra-rich, has also emerged as one of the fastest-growing corporate tax havens, according to a study released on Tuesday that highlighted a $200 billion-plus money flow to the country.   The index by the Tax Justice Network, which highlights countries that attract companies to shrink their tax bills, added the United Arab Emirates to its top-10 ranking that includes Switzerland and Bermuda.   Britain's offshore territories the...

Dr. Steve Fanny passes away President, finance minister, FSA chair send condolences

By Gerard Govinden   Seychelles has lost one of its brightest minds in the offshore sector, Dr Steve Fanny, who passed away on March, 13th. He was 50 years old.   According to a police communique, Dr. Fanny’s body was found where he was staying in Pointe Au Sel after they had been alerted at around 3.30 pm. The police added that he died from a presumed hanging and they have already opened an investigation and an autopsy will be performed to establish the cause of his death.   Dr. Fanny was the chief executive of the Financial Services Authority (FSA),...

Dominica Blacklisted as a Non-cooperative Jurisdiction for Tax Purposes by the EU Council

By Dominica News Online   Dominica has been added to the list of jurisdictions that are considered non-cooperative for tax purposes by the European Union (EU) Council.   On Monday, February 22, 2021, the council announced that the tax blacklist was due to Dominica receiving a “‘partially compliant’ rating from the Global Forum and has not yet resolved this issue.”   According to a press release, a jurisdiction can be blacklisted if they have “not engaged in constructive dialogue with the EU on tax governance or failed to deliver on their commitments to implement the reforms necessary to comply with a set...