A Global Economy Needs An Offshore Industry

Since the beginning of the global financial crisis, politicians, the media and the public have engaged in a series of blame games to find those responsible for economic losses. One "culprit" has been firmly in the spotlight: the offshore industry. While the main purpose for offshore structures has shifted from tax planning to asset protection and fund management, is there a legitimate reason why the offshore industry exists in the global economy?

In the article "A Global Economy Needs an Offshore Industry", Jonathon Clifton, Group Managing Director of OIL shared his views on the role of offshore industry in the global economy and how recent developments in the industry are able to shed some of its negative perception.