The Good, the Bad and the Ugland; The OFCs' Economic Role  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 406 no. 8823 (Feb. 2013), page SS6-SS7.
Topik: Offshore Banking; Globalization; International; Financial Services; Legislation

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.75 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Detractors describe the offshore phenomenon as one of the more noxious features of financial globalisation that is now, mercifully, in retreat. The half-dozen senior lawyers gathered in the wood-panelled boardroom of Ugland House, the head office of Maples and Calder in George Town, the Cayman Islands' capital, have heard it all before, and they beg to disagree. Offshore centres oil the financial interface between larger economies, insists Alasdair Robertson of Maples. Grant Stein of Walkers, another Cayman firm, thinks of it as "the plumbing that connects the global financial system". His peers nod vigorously. At times they seem touchy, but then Ugland House, the registered address of more than 18,000 companies, is held up by critics as a symbol of all that is wrong with OFCs. The lawyers are members of the IFC Forum, a group of "magic circle" law firms from British dependencies that have joined forces to counter those jurisdictions' bad press. IFC stands for international financial centres. "Offshore" is considered pejorative, "tax havens" unmentionable.

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