Re Bernd von Oelfen:

The Globalization Trap https://www.heise.de/forum/Telepolis/Kommentare/Liberale-als-Steuerhinterzieherbeschuetzerpartei/Die-Globalisierungsfalle/posting-1820676/show/

Extract from the book "The Globalization Trap" by Hans-Peter Martin

& Harald Schumann, 1996 by Rowohlt Verlag GmbH, ISBN 3-498-04381-1

The Offshore Anarchy

..Nothing documents the anti-state trend of the world financial system

more drastic than the development of the so-called

offshore financial centers. From the Caribbean to Liechtenstein to

Singapore, there are already around 100 locations

scattered around the world , from which banks, insurance companies and investment funds

manage the money of wealthy customers and, as planned,

withdraw access from the countries of origin. The concept of port operators for

refugee capital is the same everywhere: they promise low or

no taxation of the deposits of foreigners and

punish any disclosure of the identity of the account holder, even in the case of

inquiries from state authorities.

The market leaders among tax evasion places are the Caribbean

Cayman Islands, which are among the so-called "dependent territories" of the

British crown.

Over 500 banks are

registered on the main area of ​​just 14 square kilometers with 14,000 inhabitants . It represents everything that has a reputation in the money sector

, including the ten largest German money houses.

Even state-owned banks such as the Westdeutsche Landesbank or the

Hessische Landesbank are not too good

at acquiring escape money in the Cayman Islands . Your European customers are of

course not dependent on the Caribbean for tax evasion. The

same service can also be found on the European Channel Islands

Jersey and Guernsey as well as in the Principalities of Liechtenstein and

Luxembourg. Gibraltar has been

the new capital magnet among the

centers of international tax crime, euphemistically referred to as "oases"

. More than 100,000 empires

have already transferred their assets to the “monkey rock” pro forma.

Consultants such as Albert Koch, owner of the "Marina Bay Consultants" company,

provide

everything that

tax evaders need , from setting up an anonymous mailbox company to the papers for a bill emigration . With the slogan "Smart investors are

now heading for Gibraltar", the German Commerzbank is promoting them

Tax evasion to the south. With the 20 employees of their branch on

Main Street of the British Crown Colony on the southern tip of Spain

, all tax refugees are welcome who have at least 100,000 marks

in a time deposit account. If you want interest-bearing

asset management, you have to bring half a million marks with you.

**Branch manager Bernd von Oelffen triumphs: "There is still

real banking secrecy here."**

The damage the offshore system is doing is hard to

measure. There could be

no better breeding ground for internationally organized criminals ...