Offshore Finance: How Capital Rules The World

Offshore finance is not solely about capital moving beyond the reach of states, but involves the rampant unbundling and commercialization of state sovereignty itself.

Offshore jurisdictions effectively cultivate two parallel legal regimes. On the one hand, we have the standard regulated and taxed space for domestic citizens in which we all live, on the other we have an “extraterritorial” secretive offshore space exclusively maintained for foreign businesses and billionaires, or non-resident capital, comprising “a set of juridical realms marked by more or less withdrawal of regulation and taxation”.

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