No single person can perfectly predict the future of offshore banking and corporations. However, judging from the political positions of those nations that recognize offshore banking and those that do not, it is a clear indication that the future of offshore banking stands on shaky ground. Major nations highly criticize the practice, flagging it as a means of tax evasion for businessmen. This has led to these nations making additional tax agreements with partner nations. It is evident that many citizens of the nations that do not appreciate offshore banking are hungry for the tax benefit that comes with offshore banking and corporations and are thereby begging to be heard. The nations that do not recognize offshore banking claim that they are robbed of billions of dollars when their citizens go offshore, further destabilizing the future of the practice.
Not to mention the fact that offshore banking has been highly associated with terrorist and criminal acts – specifically the September 11 attack, further complicating the future system. Other than terrorism, the practice is believed to be used by criminals to cover their identity following acts of theft, money laundering, kidnapping and blackmail, which also challenge the stability of the practice.
With many offshore banking centers being located in remote areas, it is evident that the system suffers poor communication technology which complicates the success of the practice.
Other offshore job Links
- SSIS Developer
- Research Associate I, II, or III
- IT Cloud Specialist (Entry Level)
- Ordinary Seaman / OS / Deck Hand
- Data Analytics Associate
- Well Test Field Engineer Trainee
- MSBI Developer
- QA Analyst
- Learning Coordinator
- Human Resources Assistant
- Logistics Coordinator
- Human Resources Development Assistant
- Chief Technology Officer and Executive Vice President of Product Development
- Legal Counsel
- Administrative Assistant
- Project Coordinator
- Principal Technology Solutions Manager
- Marketing Intelligence Business Analyst
- Entry Level QA/Validation Analyst
- Offshore Medic - NEBOSH IGC