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RISKbitz: Offshore centres to come onshore

15 June 2009

Read more: riskbitz

Tax havens are hatching extravagant and increasingly desperate strategies to counter the threat to their existence posed by President Barack Obama’s plan to outlaw US businesses from using offshore tax havens.

“We’re sweating bullets over here, I don’t mind saying,” said J Dexter Craven, business development director at the Cayman Islands Tax Efficiency Task Force. “We’ve had a team working on what to do about this since...


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Poll

What return on equity do you expect the reinsurance industry to make this year on average?

Negative
33%
0% to 5%
0%
5% to 10%
33%
10% to 15%
17%
More than 15%
17%