Offshore financial centers (OFCs) have a troubled reputation for enabling tax evasion, money laundering, autocratic looting, and even the financing of terrorism-but they play an essential role in the world economy. Fears of criminal activity have prompted many onshore governments to restrict offshore competition, but over-regulating OFC activity presents a serious risk of destabilizing the global financial system. In Offshore Financial Centers and Regulatory Competition, a group of leading international law and finance experts argues that offshore jurisdictions have become key players in corporate finance and captive insurance markets. OFCs offer legal protections for financial privacy and provide regulatory competition to onshore jurisdictions, forcing national governments to evaluate and reform their own tax and regulatory policies. Offshore centers also help to streamline foreign direct investment and create growth opportunities for countries with weak financial systems by providing access to global capi
Про автора
Professor Rose-Marie Belle Antoine has held the role of Pro Vice-Chancellor Graduate Studies & Research at the University of the West Indies since 2021. She was previously the Inaugural Head of the Special Unit on Economic, Social and Cultural Rights at the Inter-American Commission on Human Rights (IACHR), an autonomous organ of the Organization of American States (OAS) and also served as Rapporteur on Indigenous Peoples between 2013 and 2015. Professor Antoine has been President of the Family Planning Association of Trinidad and Tobago since 2015.
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