Carlyle Rogers Update on Anguilla Offshore Sector
Please follow the link below to view my article Article
Offshore Services
Risk management regarding Offshore Trust Planning
The following is the edited and finalized text of a speech/presentation I made at the 4th Family Investment & Citizenship Planning Asia Retreat 2017 held in Bali, Indonesia in September 2017 and represents my views only. In today’s world there must be risk management for all offshore planning, not just with regards to trusts. Trusts, […]
Friar Tuck Ltd, Quiver Inc and International Tax Authority: A British Virgin Islands’ decision with far-reaching consequences in defense of the rule of law
For several years now, some of us in the financial services industry have lamented the plethora of legislation which has been foisted on jurisdictions, especially the British Overseas Territories like Anguilla and the BVI, by international bodies and foreign countries. We have argued in public and in private to government officials that some of this […]
Incorporate your Company in Belize
Have you ever wanted to incorporate a company in another country? Ever wondered what steps you may need to take to make this possible? Ever wondered how to incorporate a local company in Belize? If so, then we are here to guide and inform you on the steps you need to take to incorporate your […]
EU’s blacklisting of Caribbean IFSCs: A surprise to no one
On June 17, 2015, the EU published its list of top 30 non-cooperative jurisdictions – or tax-havens as they are called by both a hostile media and politicians – ostensibly as part of a crackdown on companies which are using these financial services centers to minimize paying taxes, legitimately I might add, in the EU […]
British Overseas Territories in the Caribbean agree to central registries of beneficial ownership information – the first step on the slippery slope to full disclosure has been taken
At the recently concluded Dec. 1-2, 2015 Joint Ministerial Council (JMC) in London, held with the UK Minister for the Overseas Territories, James Duddridge MP, the British Overseas Territories (BOTS) agreed to “hold beneficial ownership information in our respective jurisdictions via central registers or similarly effective systems.” The communique issued by the BOTS and […]
The Eastern Caribbean Currency Union at a crossroads: The road ahead
On April 14, 2015, the then-Chairman of the Eastern Caribbean Central Bank (ECCB) Ralph Gonsalves, prime minister of Saint Vincent and the Grenadines, addressed the citizens of the Eastern Caribbean Currency Union (ECCU) on decisions taken by the Monetary Council (MC) of the ECCB on Feb. 24, 2015, at its headquarters in Basseterre, St. Kitts. […]
Caribbean financial centers: “We have met the enemy and he is us.”
In the 1970s the late American cartoonist Walt Kelly coined the phrase “We have met the enemy and he is us.” This was derived from the American Commodore, Oliver Hazard Perry’s famous War of 1812 report of the Battle of Lake Erie to General William Henry Harrison in which he wrote: “We have met the […]
Vladimir Putin and ‘de-offshorization’:
Is this the end of Russia as a source of business for international financial centers? On Nov. 24, 2014, Russian President Vladimir Putin signed Federal Law No. 376-FZ, with the unwieldy title: Concerning the Introduction of Amendments to Parts One and Two of the Tax Code of the Russian Federation (Regarding the Taxation of […]
Public register of beneficial ownership information:
a solution in search of a problem In June 2014, the government of Anguilla published for public consultation, a document entitled: “Enhancing the transparency of Anguillian company ownership and increasing trust in Anguillian business.” The document stated that the objectives of the consultation, which is currently ongoing until later in the summer, are to […]
Economic citizenship and residency programs:
Are they an option for international financial centers? Recent moves by the Turks and Caicos Islands (TCI) government to enact legislation to provide for an investor residency program has thrown into the spotlight the issue as to whether or not economic citizenship and residency programs could be an option for IFCs seeking to increase […]
Substance over form:
How international financial centers can survive in the age of automatic exchange of information and transparency This year marked a turning point for international financial centers (IFCs), especially those that are British Overseas Territories (BOTs) and Crown Dependencies (CDs), in terms of the future landscape on which they will compete, cooperate and provide their […]