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Tax Avoidance – No Safe Havens

TAX Avoidance and HMRC HMRC are stepping up their operations to tackle offshore evasion and tax avoidance by people using offshore trusts, bank accounts and other methods. Some of their success is listed below and they are improving. A lot of  the cases could have been avoided by using legitimate methods to mitigate tax and […]

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Standard Chartered Accounts Closing

Small and medium enterprise customers in the UAE have been told by Standard Chartered that their accounts are in the process of being closed. Letters have been sent out notifying “as many as” 8,000 UAE customers that their accounts will be closed within 30 days from the date of the letter. The letter also gives […]

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Economic Regression in Greece

Greece Economic Regression Hits Hard Data indicates that 60% live below the poverty line and more than 5 out of 10 of the young adults of employable age and education are unemployed. The Greek Prime Minister, Antonis Samaras,…

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Flaws in Bank Deposit Insurance ?

Why are Harvard Economists Getting out the Banking System? ( 3 min Video Summary Below) Terry Burnham a former Harvard economist and author of “Mean Genes” and “Mean markets and lizard brains”, has withdrawn his deposit of $1,000,000 from Bank of America! But why would a Harvard Economics professor feel the need to take such […]

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Your Company, Your pension Fund and Fractional Reserve Banking!

Fractional Reserve Banking and You. If you think , or your CFO tells you, that your cash is safe then you need to find out exactly what constitutes ‘Safe’. In this short video presentation you can see the reason for governments providing ‘deposit Insurance’, but it also makes it clear that both your company and […]

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Luxembourg Financial Centre

WHY LUXEMBOURG? Luxembourg is the premier private banking centre in the Eurozone and the second largest fund centre in the world. Due to its stability as well as its innovative and international orientation, the luxembourg financial centre is an ideal hub for private and institutional investors from all over the world. Check out the video below to […]

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Most Russian Companies Still using Cyprus

Russian Companies and Cyprus On the 18th of September, 2014 at Hilton Hotel in Nicosia, a conference was organized by the Cyprus-Russia Business Association, Withers LLP and Chryssafinis & Polyviou LLC entitled “The future of Cyprus for Russian Business”. To quote an extract from the recent conference: Russian Controlled Foreign Companies (CFC) rules and the […]

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Insects – are they a good investment?

More Flies in Your Soup Sir?  Ostrich farming took off in a big way as everyone realised how beneficial it would be to eat ostrich meat. However, it doesn’t seem to have sustained it’s initial promise and many farms have gone out of business. But who is going to argue with the economist as they […]

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Barclays fined £38 Million by the FCA

Barclays fails as a Custodian bank Barclays Bank has been fined just under £38m by the Financial Conduct Authority for failing to protect clients’ custody holdings worth around £16.5bn. This is the second time that they have been fined for this type of breach, in 2011 Barclays were fined £1.1 million, however, the latest fine […]

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Investors buy German Bonds producing a Negative return

On September the 17th,, €3.34 billion poured into German Treasury Bonds that give an annual loss of  0.07 % ! Despite assurances that all is well in the world of banking there is still a real Financial Crisis in Europe, so much so that €3.34 Billion has just been invested in German Bonds that give […]

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