Onshore vs Offshore – Is There Really A Battle?

Over the past few months the issue of offshore jurisdictions and the role they play in the global economy has come under extreme scrutiny, especially from onshore governments seeking to increase tax revenues. The recent Panama Papers Leak has only served to fuel the flame and has resulted in more people who know very little or nothing at all about offshore jurisdictions calling for their demise.

Those who understand offshore jurisdictions however, understand that the issue is not offshore jurisdictions per se, but rather entities and individuals who seek to use offshore structures for illicit gains or criminal behavior.

Offshore is legitimate

In fact, if one were to have a look at the Panama Papers and the recently released searchable database of company information (and not just digest a one minute clip of the evening news), you would realize that on almost every page on the International Consortium of Investigative Journalists' website dealing with the