by Maria Gonzalez and Alfred Schipke
Finance & Development
International Monetary Fund
June 2011
Offshore financial centers (OFCs)—which specialize in supplying financial services to nonresident companies and individuals in exchange for low taxes, stability, and secrecy—are under scrutiny, whether they like it or not.
https://sites.morimor.com/wp-content/uploads/sites/20/2011/06/Bankers-of-the-Beach-June-2011.pdf