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April 15, 2007
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List of main offshore financial centres.
There are a large number of Offshore Financial Centres. Following world map locations
could be considered to be "market leading". See Wiki Offshore Financial Centre
.
An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (mostly called a tax haven ) that provides financial and of course legal advantages.
The Cayman Islands is the largest domicile for offshore banks with a reported 580 licensed banks.
See Wiki Offshore Banking.
Yahoo! Finance: Banking News
California, running short on cash, issues IOUs (CNNMoney.com)
Here come the California IOUs.
As deficit grows, Calif. prepares to issue IOUs (AP)
California's controller will start paying many of the state's bills with IOUs as soon as Thursday after lawmakers failed to close the state's worsening budget deficit, adding a new measure of indignity to a state sinking deeper into dysfunction.
California, other states face tough budget choices (AP)
Gov. Arnold Schwarzenegger declared a fiscal emergency Wednesday to address California's deficit and ordered state offices closed three days a month to save cash.
P&G testing cheaper Tide (AP)
The Procter & Gamble Co. said Wednesday it has begun trying out a lower-cost version of Tide laundry detergent in a bid to churn up new sales in the recession.
Jackson's will cuts out ex-wife Debbie Rowe (AP)
Michael Jackson's 7-year-old will was filed Wednesday in a Los Angeles court, giving his entire estate to a family trust and cutting out his former wife Debbie Rowe.
Feds: Auditor scam totaled more than $3 million (AP)
An international scam targeting U.S. state governments managed to rake in more than $3 million, including nearly $1 million from West Virginia, before it was caught, federal prosecutors said Tuesday.
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