The Offshore World in a Modern Global Economy
Offshore Financial Centers, or OFCs, are commonly labelled 'tax havens' due to the misconception that they are used solely to avoid or evade taxes. This presentation focuses on the practical reasons why OFCs are used in international business, highlighting that the use of OFCs is not just tax-driven. In fact, tax is just one of many reasons why structures utilize products from OFCs. The presentation covers offshore jurisdictions generally, but also includes specific discussion on the use of BVI entities.