Offshore Wealth

Latest News for: Offshore wealth

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Wealthy Indians diversifying their investment portfolio internationally – Here’s why

Financial Express 26 Mar 2023

As the world continues to face economic and geopolitical challenges, High Net Worth individuals (HNIs) in India are seeking ways to protect and grow their wealth ... The trend is expected to continue, with experts predicting that Indian HNIs will allocate even more funds to offshore investments in the coming years.Also Read.

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Would a ‘Wealth Tax’ Work?

Black Hills Pioneer 24 Mar 2023

Elizabeth Warren made wealth taxes part of their 2020 bids for the Democratic presidential nomination ... The appeal of a wealth tax has three faces ... There is no guarantee that the original targets of a wealth tax wouldn’t simply divert wealth into more difficult-to-value assets, or simply offshore their assets, and perhaps themselves as well.

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Hywin Holdings Announces Unaudited Financial Results for the First Half of Fiscal Year 2023

Eagle-Tribune 23 Mar 2023

HYW), a leading independent wealth management service provider in China, today announced its unaudited financial results for the first half of fiscal year 2023 ended December 31, 2022 ... Wealth management is currently the Company’s largest business segment, in which its onshore and offshore solution platforms serve clients across generations.

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How to Stop Playing Whac-a-Mole With Russian Oligarchs // A Novel Approach to Sanctioning Russian ...

New York Times 21 Mar 2023

Sanction the wealth managers who create these complex offshore shell games ... .

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Hywin Holdings Leads Client Delegation to Hong Kong to Deliver the Global Proposition

Eagle-Tribune 20 Mar 2023

(“Hywin Wealth”, “Hywin”, or the “Company”) (NASDAQ ... “Ultra-high-net-worth clients are the most sought after segment for the global wealth managers ... Wealth management is currently the Company’s largest business segment, in which its onshore and offshore solution platforms serve clients across generations.

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Singapore and Hong Kong vie to be the Caymans of Asia

Financial Times 20 Mar 2023

The two cities have set up new fund structures to lure wealth away from traditional offshore financial centres ....

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War in Ukraine puts centuries of Swiss neutrality to the test

Khaleejtimes 19 Mar 2023

In Eastern Europe, Ukrainians are in the trenches. Further west, European capitals are grappling with a new order in which war is no longer theoretical ... Switzerland, whose banks are notorious for secrecy and have often been accused of laundering money for the world’s kleptocratic class, is still the world’s biggest centre for offshore wealth ... .

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Lebanon’s Central Bank chief accused of embezzlement

Blitz 18 Mar 2023

While many Lebanese struggled, Salame had personal wealth hidden overseas. In found that the governor’s offshore companies had invested in overseas assets worth nearly $100 million, including a $4.1 million luxury apartment in London.

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VOTE: Do you support wind energy off the coast of New Jersey?

Atlantic City 17 Mar 2023

The hearing was billed as “An Examination into Offshore Wind Industrialization.” Leading things off was Van Drew, who described the proposal as a transfer of wealth from American taxpayers and utility rate payers to foreign power companies ... Officials, crowd almost unanimously opposed to offshore wind at Ocean City meeting.

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Credit Suisse puts new dent in Swiss bank armour

Reuters 17 Mar 2023

MILAN, March 17 (Reuters Breakingviews) - In Switzerland’s wildly successful 2021 tourism campaign, tennis star Roger Federer promoted the Alpine nation as a place for “vacation without drama” ... loading. The country’s two recent banking crises are very different ... Reuters Graphics ... In 2021 bank customers had stashed of offshore wealth with Swiss banks.

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LIVE UPDATES: Congressman Van Drew's hearing on offshore wind industry

Atlantic City 16 Mar 2023

On March 15th 2023, in Ocean City, a town hall meeting addressing proposed offshore wind farm was held at the Tabernacle ... Jeff Van Drew, R-2nd, said offshore wind projects are an unaffordable wealth transfer from American taxpayers during a hearing he hosted on the state's win industry Thursday in the shore town.

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LIVE UPDATES: Congressman Jeff Van Drew's hearing on offshore wind industry in Wildwood

Atlantic City 16 Mar 2023

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Van Drew leads chorus of condemnation of wind projects in Wildwood

Atlantic City 16 Mar 2023

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Hywin Holdings to Announce First Half of Fiscal Year 2023 Financial Results on March 23, 2023

Eagle-Tribune 16 Mar 2023

The Company’s primary services are wealth management, asset management, other comprehensive financial services, and health management services. Wealth management is currently the Company’s largest business segment, in which its onshore and offshore solution platforms serve clients across generations.

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5 reasons to invest in an offshore crypto bank account

Independent online (SA) 16 Mar 2023

Here are five reasons why those from weaker financial markets should consider offshore financial safeguards now more than ever ... This is the future for wealth preservation and growth in our constantly changing, polarising and volatile world ... They need solutions to offshore their ...