Africa is host for New Tax Havens


Just when we thought it was safe to go into the water up pops another school of sharks. Now, undeterred by the attacks on off-shore tax evaders, money launderers, and terrorists up pops a new location for tax havens, AFRICA.

It appears that the news of the destruction of commercial bank secrecy laws did not reach some people or perhaps it did and now new markets are opening. While hope springs eternal for those looking to hide assets, buyer beware.

Please see full article below for more information.

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Published In: Administrative Agency Updates, Criminal Law Updates, Finance & Banking Updates, International Trade Updates, Tax Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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