Tag Archives: Panama

Scam or Legit? Pre-Paid Offshore Debit Cards with No Personal Details

by Brian Mahany
Sounds too good to be true. A Master Card debit card with no name on it. Issued by a bank in Central America, the card does not bear the cardholder’s name. Not on the front of the card or in the magnetic strip.  Apparently the bank requires some identification details but claims those

G20 Fallout Continues

by Brian Mahany
Last week I noted that the G20 nations developed a new strategy in their on-going attack on the few remaining tax havens left in the world. [See www.mahanylaw.com/mahanylaw/?p=94] Specifically, member countries were starting to focus on banking regulations and oversight of foreign hedge funds. That effort is already bearing fruit.
The French Banking Federation

US v. Offshore Tax Havens, round 2

As I write this, the meeting of G20 leaders is underway in Pittsburgh. As in any gathering of international leaders, the rhetoric is already flying.
In recent years, the G20 group of nations and the Organization of Economic Cooperation and Development has focused on the few remaining countries considered to be “tax havens,” places where wealthy

“Tax Havens Pledge to Ease Secrecy Laws”

That was the headline on the cover of the Wall Street Journal on March 13, 2009.  And since that headline, virtually every country has given in to the demands of the Organization for Economic Co-operation and Development (OECD).  As cash strapped governments seek ever dwindling tax monies, the once popular “tax haven” nations are facing