The reality of using tax havens is that they involve a risk. They are lightly\u00a0regulated\u00a0at best. Their capital is limited. Their\u00a0financial\u00a0services sectors are vastly over-extended. Their ability to withstand\u00a0shock\u00a0is very low. And so you end up with Cyprus.<\/p>\n
As CNBC notes<\/a>:<\/p>\n Wealthy U.S. families that have or are considering offshore accounts are watching Cyprus closely.<\/p>\n \"I think families are suddenly looking under the hood of these countries more closely,\" said Stephen Martiros, a Boston-based, independent consultant to individual investors and family offices. \"People want to do a real scrub down in all these jurisdictions to make sure they understand the risks.\"<\/p><\/blockquote>\n There's a simple answer: don't do it. The risk's not worth it.<\/p>\n","protected":false},"excerpt":{"rendered":" The reality of using tax havens is that they involve a risk. They are lightly\u00a0regulated\u00a0at best. Their capital is limited. Their\u00a0financial\u00a0services sectors are vastly over-extended.
Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,32],"tags":[],"class_list":["post-19712","post","type-post","status-publish","format-standard","hentry","category-secrecy-jurisdictions","category-tax-havens"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/19712","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=19712"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/19712\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=19712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=19712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=19712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}