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Why offshore banking matters in a financial crisis

Offshore banking: the good, the bad and the ugly

With the reveal of operations and hidden accounts on Panama Papers, the topic of offshore banking - specifically, bad purpose offshore banking - has been on the table for a while. People would discuss the pros and cons and whether or not it was a legitimate practice, either for governments or private companies. Truth is, offshore banking has always been part of the financial practice, perhaps even before banks existed as themselves. Saving your wealth away from your location is a way to keep it secret and safe, but with the development of the international bank network and banking operations, there are some extra advantages for offshore accounts.

Discussing the benefits of this practice is, of course, far more interesting than addressing its disadvantages. The controversy about offshore banking centers around whether account holders have legitimate or ilegitimate reasons for doing what they do. If you are interested in this topic we suggest that you check this very interesting article: How to explain offshore banking to a 5 years old.


What Are the Tax Implications of Running a Property Flipping Company?

When a property market is thriving, flipping is all the rage! It is understandable though; everyone wants a profit out of an investment. Real estate is more lucrative than the stock market today. However, as flipping thrives, the government has sought to regulate this investment strategy. Before you embark on a property flipping venture; here are a few things you need to know.

Property Flipping Defined

Simply put, flipping is a process where one buys an undervalued property for resale at a profit. Normally, these properties are renovated to add value before being resold. The renovations need not be major; a simple refurbishment job is enough to make the property attractive to buyers who are willing to pay a higher price for it. Read More...

Which languages courses can help business owners succed abroad

Global businesses, corporate success

Every era in human history has its gimmick when it comes to the default method for economical development. Today, internationalization is the key for growth in any area, and businesses that choose to remain local and not trascend boundaries or establish connections with suppliers, clients or partners in faraway lands are restraining themselves and limiting their potential. This is one of the most pointless things a business can do.

Opening up gateways for communication among businesspeople in all corners of the world has its pros and cons. The most obvious benefit is that more possibilities open up right and left for everyone who knows how to make contacts and use resources available in all parts of the world. Commercial and trade agreements can be established across oceans ans continents, and the combination of minds and capital from different people can give birth to successful and solid businesses that will spill out money like the fountain of abundance. Read More...

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