In An Age of Transparency & Automatic Tax Information Exchange, Can OFCs Survive?

Since 1999, the IRS and the Department of Justice have conducted an unprecedented and highly successful campaign against offshore tax evasion and the banks, lawyers and financial service providers that facilitate it. Once impenetrable Swiss bank secrecy laws have been compromised, exclusive and elite private banks have closed, seemingly invulnerable private bankers have been arrested and extradited to the U.S. to face justice and many Swiss banks will soon begin disclosing information about their U.S. clients to the IRS.Given the success of these efforts, can Offshore Financial Centers survive and prosper in this new financial climate without tax-evading clients and if so, who will be the winners and losers?Speakers
  • Burke Files, Principal, Financial Examinations & Evaluations, Inc. (Arizona)
  • Tim Ridley, Former Chairman, Cayman Islands Monetary Authority (Cayman Islands)
  • Jack Blum, Chairman, Tax Justice Network (USA)
  • James McConvill, Counsel, Forbes Hare (London) & Senior Lecturer, Offshore Corporate Law, Victoria University (Australia)
  • Dan Reeves, Founder, Offshore Compliance & Enforcement Consulting Group & Retired Senior Advisor, IRS Offshore Compliance Initiative (New Jersey)

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