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Over at BBC, is an ongoing discussion on the issue of Tax Havens in the Caribbean and the new financial systems proposed by the G20 countries.

The world’s leading economies – the G20 – have offshore financial centres in their sights as one of the agenda items at their Thursday Summit.

Britain’s Gordon Brown and Australia’s Kevin Rudd are proposing a new global financial system in the bid to tackle the global financial downturn. Both prime ministers have suggested that the new system should be based on the moral values of hard work, honesty and fairness.

Offshore centres across the Caribbean have responded indicating their level of transparency and some complaining about a scapegoat exercise at the G20.

Here are some of the Issues faced by Tax Havens in the Caribbean:

  • Is a new banking system required?
  • Should there be more scrutiny of offshore financial centres?
  • Do financial centres in developed countries also have to open up their books more?
  • Without financial centres, what do the relevant countries do instead?
  • Who defines a “tax haven”?

==============My Personal Opinion==============

Personally, I believe the tax havens in the Caribbean are being used as scapegoats for the failings of the other financial centers while New York and London protected their own financial environment. If anyone has to be blamed – all hands should be pointing at America and the former Bush administration – fighting two unnecessary wars and running a financial sector totally on credit. GIVE ME BREAK!

Have your say about the new financial system proposed by the G20 countries in the comments below.

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In the past I wrote about how Dominica is increasingly becoming one of the best Offshore Tax Havens in the Caribbean and the world by extension. Why is Dominica gaining so much popularity in the offshore business sector? Dominica is one the safest and legitimate ways to open an offshore company in the Caribbean. No longer do you need to travel to tax haven country in other to register an offshore company. With the help of modern technology the process of opening an offshore company is cut by half. has kept up with emerging technology and prides itself in providing the quickest and reliable service in Dominica. Right on our website you can order and pay for opening an offshore company in Dominica right over the internet. Once your order is completed, within two – three days you’ll received your company documents along with your company stamp via a courier service of your choice.

Our parent company – Caribbean Offshore Service Corp (COSC) office is located in the center of the capital city (Roseau), and is just a few steps away from the Dominica registry building. COSC is an officially licensed registered agent, which has legal right to register/open off-shore companies on the island of Dominica. Caribbean Offshore Services Corp promises all its clients the lowest prices on off-shore services in Dominica.

On Offshore-companies-in-Dominica dot com you will find the following information:

  • about Dominica and wonderful peculiarities of this Caribbean island;
  • about advantages of registration at Dominica tax haven of International Business Companies (or offshore IBC – these are ordinary tax-free company and that’s why we use terms “offshore company”, “offshore”, “off-shore company”, “off-shore”, “off shore company”, “off shore” at this site)
  • about establishment of offshore bank accounts for Dominica offshore companies.
  • you’ll also have an opportunity to get the full list of our off shore services and prices;
  • you’ll get to know, how easy it is, to register an off shore company in Dominica.
  • you’ll find answers in our FAQ section;
  • you’ll get to know about activities of offshore services provider – Caribbean Offshore Service Corp. and get its contact information.

Incorporate your off-shore company in Dominica right now!

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