In this month’s issue our commentators, Howard Fisher, Denis Kleinfeld and Alexander Fisher analyse the past, present and future of that infamous entity the 'offshore financial centre'.

In our Technical Articles, L Burke Files, from Tarsus Trust in Nevis continues in this vein, examining how IFCs can diversify to give themselves a competitive advantage.
Peter O'Dwyer looks at how Ireland has become Europe's fastest growing funds location, detailing just what has given that jurisdiction the competitive edge.
Meanwhile, Mark Estella from Appleby in Jersey provides a technical but very practical insight into the use of Jersey companies in cash box placings as an efficient way of enabling a UK PLC to raise equity capital for an acquisition.

In Focus this month is Guernsey. With its corporate tax regime under the scrutiny of the EU, Graham Parrott from Ernest & Young  considers the future for the island's zero ten tax regime.


COMMENTARY
Death to parking ‘gray’ and ‘black’ money offshore – we are back to where we should have been!
Respected commentators Howard Fisher, Denis Kleinfeld and Alexander Fisher look back at the history of ‘offshore’ financial centres. They consider where it all went wrong for the ‘offshore’ world and what the future holds for international financial centres trying to conduct legitimate business.

TECHNICAL ARTICLES
The Future for Offshore Financial Centres
L Burke Files considers what the future holds for offshore financial centres, how they can remain in business in this era of tight regulation and compliance and the options open to them to move into the future successfully.

Ireland’s funds industry boasts strong recovery
From a jurisdiction that did not have a funds industry 21 years ago, Ireland is now the fastest growing funds location in Europe. Peter O’Dwyer of Hainault Capital examines why Ireland’s funds industry has been such a success story and details how jurisdiction’s fledgling funds industry has bounced back from the global financial crisis.

The use of Jersey companies in cash box placings
Mark Estella provides a detailed, practical examination of the use of the Cash Box Structure, considers why its popularity as a fast and efficient way for a UK PLC to raise equity for an acquisition is increasing and why Jersey companies are the preferred vehicle in such structures.

IN FOCUS: GUERNSEY
The implications for Guernsey of the challenge to its corporate tax regime