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HOW OFFSHORE BANKING WORKS

When you think of the term ‘offshore banking’, you’re probably associating it with the ever-looming stigma of tax evasion. But in reality, nothing could be further from the truth. Taking advantage of offshore banking and its benefits is perfectly legal in most countries worldwide. But what exactly is an offshore account? And how does it

THE FUTURE OF OFFSHORE BANKING

Despite its misconceptions, the popularity of offshore banking is growing. Not only is it a perfectly legal way of holding your money, but with the right professional advice, it is also reassuringly simple to open an account. This ease-of-use is prompting many offshore banks to change their offering to compete and make overseas banking even

5 countries you need an offshore bank account in

5 Countries You Need To Have An Offshore Bank account In

The current unstable political and economic situations have given rise to questions surrounding the safety and security of offshore banking and wealth management. Offshore banking offers individuals a way to be more tax-efficient while accessing foreign markets. However, it’s important to understand the options available, as different countries have different policies and agreements. Here is

Off shore banking; Breaking the taboo

Offshore Banking: Breaking The Taboo

It’s not what you think. Offshore banking is often slandered, and most commonly associated with tax evasion. But this begs to question – what do people really know about offshore banking? James Turner, Director at York-based Turner Little tells us everything we need to know about offshore banking. “Offshore banking, simply put, is banking done

The future of tax havens

This week, the EU has added four countries and jurisdictions to its blacklist of tax havens, including British overseas territory the Cayman Islands. “The EU set up the system in 2017, to put pressure on countries to crack down on tax havens and unfair competition, sanctioning those it considered unfair in offering tax avoidance schemes.

5 Reasons why you need to bank offshore

Offshore banking is often associated with negative connotations in regard to tax evasion and criminal activity, but this couldn’t be further than the truth. Despite what you may hear, offshore banking is completely legal. Put simply, they’re bank accounts held in a country other than the one you permanently reside in. So why do you

Turner Little and its affiliates do not provide tax, legal or accounting advice. Material on this page has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.