word offshore is used to describe business carried out between foreigners in foreign-denominated currency and operates from a tax haven (Hammett‚ 2001:203). This basically implies that an offshore bank has to be foreign or at least foreign in nature or operation. This means that‚ like the several offshore banks in Switzerland‚ they do not necessary have to be in a foreign land (or an island) but necessary has to act as if (Ganson‚ 2007). This may include the operations of the local offshore bank
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The use of a bank located outside the legal jurisdiction of the country of one’s residence for all banking and financial services can be called offshore banking. Offshore banks normally are situated in tax havens and provide secrecy and safety for the depositors. It was the English who coined the word offshore to specify tax havens located in the British Channel Islands‚ which were actually off the shores of Great Britain. The banks located in these islands offering tax savings were the pioneers
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Running Head: Case Study Analysis of the Offshore Internet Gambling and the WTO Case Study Analysis: Offshore Internet Gambling and the World Trade Organization Ayman Naguib Abstract This case study analysis discusses the central issue of the case presented in the article‚ as well as the most relevant facts and assumptions with respect to the case under investigation. Furthermore‚ patterns that arise from reflection on these facts and assumptions with relation to external environment perspectives
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What do you think a hero is? Well in my eyes Margaret Mead is a true hero because even when it was hard for woman back then to get a college degree she still managed to get her bachelor’s degree‚ M.A.‚ and Ph.d degrees. She went to polynesia to study how cultural differences influenced child rearing. She was a very independent and determined person. One of her quotes is “Never doubt that a small group of thoughtful‚ committed citizens can change the world. Jimmy Carter announced that he was awarding
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Offshore Drilling Does anything out weigh the importance of our planet’s health? You would be surprised by the number of people who look the other way when it comes to keeping the planet clean. Offshore drilling is just one of the major environmental issues that has existed for many years and still continues to be a problem. The topic of offshore drilling not only touches on environmental issues but also political‚ economic‚ and ethical issues. All of these tie into the huge debate over offshore
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"Think globally‚ act locally" urges people to consider the health of the entire planet and to take action in their own communities and cities. Long before governments began enforcing environmental laws‚ individuals were coming together to protect habitats and the organisms that live within them. These efforts are referred to as grassroots efforts. They occur on a local level and are primarily run by volunteers and helpers. The original phrase "Think global‚ act local" has been attributed to Scots
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A fairly new comer to the world of offshore banking & incorporations‚ Mauritius is quickly becoming recognized as a small but sound jurisdiction. The Mauritius Offshore Business Activities Authority (MOBAA) regulates such matters as investments‚ trust services‚ trading and pooled or mutual fund programs. Banking is regulated by a separate entity‚ namely the Bank of Mauritius‚ which acts as both regulatory body and the central bank. The confidentiality act of 1992 covers such matters as privacy
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Is the Internet Bad For You? Socrates feared writing would make us forgetful. He believed written knowledge didn’t give us the same wisdom as oral knowledge (100). Hieronimo Squarciafico‚ the Italian humanist‚ believed the easily available books that the printing press provided would lead to weaker minds (100). Writing and the easy access to books‚ two of the world’s biggest discoveries‚ yet they were seen as things that would harm people rather than help. Nicholas Carr advocates the harmfulness
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IF YOU THINK YOU CAN‚ YOU CAN “IF YOU THINK YOU CAN‚ YOU CAN” is a common phrase which we often use in vain.It means that if you have will and determination you will always find a way to success. For reaching the peaks of glory you should have a will to cross any hurdle that comes in your way. WINNERS NEVER QUIT AND QUITTERS NEVER WIN. Life’s battles don’t always go To the stronger or faster man. But sooner or later the man who wins‚ Is the man who thinks he can. Good morning everyone‚
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see thing more critically and specifically and have good sense of number. The last‚ I have different country’s background. My Dad is a Taiwanese and my Mom is a Filipino so there are a lot of culture differences between my family and it makes me think globally instead locally. I go to Manila often and have studied there for a while‚ I saw the difference between two countries and my willingness to accept new culture‚ thing‚ method‚ people is high. I can relocate to anywhere without any fear and
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