Their old wheezes are running out of steam
a court in Miami will start hearing an unusual trial: that of Andrew Fahie, the former elected leader of the British Virgin Islands . In 2022 he was arrested in the United States. The American authorities say he promised an informant working undercover for them that he would allow illegal drugs destined for the United States to pass through his territory’s ports, in exchange for a fee. Mr Fahie, who is under house arrest in Miami, has pleaded not guilty.
Offshore centres provide a seafood buffet of useful and legitimate services. Among laymen, however, it is the way that Caribbean islands have sometimes been used by crooks and kleptocrats that most often fuels debate. The Tax Justice Network , anbased in Britain, guesses that wheezes involving financial centres in the Caribbean and Bermuda account for about 20% of the $472bn that it thinks governments around the world lose each year to cross-border tax evasion and minimisation schemes.
In the 1990s the Caribbean offshore centres were “very wild west”, in the words of Jason Sharman at the University of Cambridge. “Think private jets full of cocaine cash being flown in and taken to the bank,” he says. During that period thes financial sector grew by around 50% each year. At their busiest, bland buildings in Road Town lent their addresses to some 480,000 fee-paying companies. That was more than 15 for every resident.
Danmark Seneste Nyt, Danmark Overskrifter
Similar News:Du kan også læse nyheder, der ligner denne, som vi har indsamlet fra andre nyhedskilder.
Inside the lavish life of Prince Louis - £8k gift to £27k-a-week Caribbean holsWITH Kate Middleton and Prince William for parents – little Prince Louis is already winning at life. But as expected, it turns out that the youngest of the Wales clan has an extremely lavish …
Læs mere »
The little-known Scottish island with breathtaking 'Caribbean like' beachAmong Scotland's many picturesque and fascinating islands is Vatersay, a lesser-known spot that is nonetheless well worth a visit if you are looking for an adventure.
Læs mere »
Popular Caribbean restaurant owners 'devastated' after horrifying blazeJerk Junction said they 'hoped to be back sooner rather than later'
Læs mere »
- Lionel Messi has 'transformed' Inter Miami after Leagues Cup heroics, admits beaten Nashville boss Gary SmithLionel Messi was 'just unplayable' in Inter Miami's League Cup victory, admitted beaten Nashville manager Gary Smith.
Læs mere »
Lionel Messi gave Inter Miami teenager priceless piece of advice before his goal in Leagues CupLionel Messi gave a priceless piece of advice to young Inter Miami team-mate David Ruiz before he went on to score in the Leagues Cup.
Læs mere »