Tax sanctions from Germany – and how to escape them

Offshore taxation demystified (Part 3): “Basically, if fewer smart thirty-something’s, educated in business and law schools and fluent in five languages, were engaged to pour over German tax legislation and amendments with a fine-tooth comb in order to find ways of avoiding tax, if this did not happen, then I could reduce tax rates.“ (Germany‘s Minister of Finance, Peer Steinbrück, in a speech on a tax conference in September 2009).



Read more

The positive effects of Caribbean tax information exchange agreements

Offshore taxation demystified (Part 2): This column tries to bridge the gap between the hardship of tax information exchanges and the chances of an adjusted legal environment. The aim is to preserve the traditional benefits from Caribbean financial centers, even in an era in which banking secrecy is equalized with tax banditry.



Read more

The Caribbean, the OECD and the empty blacklist

Offshore taxation demystified (Part 1): The infamous black list of un-cooperative tax havens, maintained by the Organisation for Economic Co-operation and Development (OECD) and dominated by Caribbean jurisdictions, is empty now. In an increasingly borderless world, there seems to be no rogue tax regimes any more. But this is just a temporary silence and definitely not forever.



Read more

Citizenship by investment – the second passport opportunity

There are many good reasons to consider obtaining a second passport. The international markets offer several citizenship-by-investment programs, available for wealthy foreigners from nearly each and any origin. They base on a capital contribution to the government or a substantial property investment in a foreign country, combined with a fast-tracked application process to grant citizenship or at least permanent residence.



Read more