Reasons for Opening an Offshore Banking Account - Finance - Banking

One of the notions regarding an offshore banking account is that it is only for the very rich people. This notion is only true in the sense that most wealthy investors tend to prefer depositing their funds in an offshore account for privacy reasons. In reality, account is very economical. The average individual, rich or working class, can open an offshore account. The process of opening an account is no different from the process at a local, traditional bank. An offshore banking account is just an account that you open in a country or jurisdiction outside of your own. Selecting the right offshore bank and jurisdiction is the first step toward developing a successful relationship.

The most evident reason for opening an offshore banking account is the cash-flow advantage. Investors gain interest on their deposits, which are not subject to standard withholding tax typically imposed on traditional banking accounts. One of the numerous benefits of opening it is that they are often situated within tax havens, reducing or eliminating the heavy tax burden charged to the depositor. As technology advances, offshore banking institutions continue to offer their customers even greater benefits. It accounts come with a standard debit card that depositors can use to withdraw funds anywhere in the world. Offshore accounts offer additional protection for depositors who seek to protect their money from third parties. Investors can transfer and move their money from one account to another, tax-free, without incurring additional charges.

Offshore accounts provide depositors with privacy and asset security. The following represent some additional reasons for opening a account. 1. Investor Privacy

One of the significant reasons for opening an offshore bank account involves investor privacy. An offshore account allows an investor to deposit funds anonymously and avoid heavy taxation from resident jurisdictions. With this type of account, depositors can avoid lawsuits from third parties. An offshore banking account is a popular choice for individuals who want to preserve their privacy.2. Investment

Banking professionals consider selecting an offshore banking account as a way for an investor to diversify his investment portfolio. Depositors who invest in an offshore banking account receive high returns and tax savings globally. Investors gain access to a wide range of global banking services and investment opportunities. They are afforded better currency rate conversions. They also don't incur the same tax burdens of their home country.

3. Legal

Opening an account will require the investor to select a law firm with experience in offshore financial services and international business. Law firms that specialize in drafting agreements for offshore financial packages will provide timely services at an affordable cost to the investor. 4. Banking ServicesOffshore jurisdictions with a tax-free structure are the first to offer services. Many offshore banks offer a full range of private banking products, but have certain terms and conditions that investors must meet. An offshore banking account provides the greatest protection for corporations and helps clients meet the needs of its customers.

5. Visa

Offshore banking institutions offer traditional services to their investors. An offshore account comes with a standard debit card with a Visa or MasterCard logo. In case the card is lost or stolen, the investor doesn't have to worry about identify theft because the identity of the investor is not disclosed on the card. The investor doesn't have to provide an address, a date of birth, or a tax identification number as a prerequisite for opening an account. Offshore banking has many advantages, some of which include the access to politically and economically stable jurisdictions and lower costs. Investors receive a higher rate of return on their investments. It is an aggressive wealth and long-term financial growth strategy.

Harbor Financial Services (HFS)

Harbor Financial Services is a professional company that provides offshore financial advice and investment services to its clients. HFS recommends offshore products and services to suit any personal and/or business need. The company has helped clients find solutions to meet their long-term financial needs. HFS has the experience and the expertise to create the best offshore package for you. Visit for more information about the company's products and services.

Disclaimer: Many countries have laws regarding offshore entities and accounts. For example, citizens that form offshore entities, (for example an offshore corporation, offshore trust, offshore partnership, offshore limited liability company, etc.) own stock in offshore entities or hold positions within offshore entities may need to file a tax return. Citizens that form an offshore trust, move assets into an offshore trust or are the beneficiary of an offshore trust may need to file a tax return. Citizens that sign on offshore bank accounts or offshore investment accounts may need to disclose this fact to their government and pay taxes on any interest or capital gains. We strongly recommend consulting with a local, licensed professional to obtain tax and legal advice in order to understand the law and to fully comply with all applicable laws and reporting requirements regarding offshore companies, offshore trusts, offshore bank accounts and offshore investments.

Offshore Bank Account | Offshore Banking

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Offshore Banking Directory- The Key To Finding The Best Offshore Banks - Investment - Wealth Building

With financial uncertainty is at its peak, everyone is looking for ways and means to shield their assets from creditors, while at the same time, increasing the value of their total assets. What best way can there be, apart from investing in offshore bank accounts which offer tax advantage, higher interest returns, complete privacy as well as security for your assets? Here we enlist some of the best offshore banks enlisted in any reliable offshore banking directory.

Gone are the days when only wealthy millionaires, business magnates, narcotics and drug dealers, terrorist group representatives dealing in arms and weapons, or shady characters who have earned unlimited amount of money from unscrupulous sources used to open secret offshore bank accounts. Today, when the financial uncertainty is at its peak and the local government along with its internal revenue services is busy levying huge amount of taxes on its citizens, it is not uncommon to find millions of minds exploring the offshore banking directory, hunting for list of Swiss banks, Cayman Island banks, Banks in the Bahamas, Panama banking industry, and for Banks in Singapore, offering tax advantages and lucrative options to make money and secure their assets.

People prefer going for insured off shore bank accounts not only because these accounts guard their money and their assets against the political or economic instability in their homeland, but also because they offers them with several other benefits such as low or no taxation at all, much higher interest rates than what is offered in their homeland, and a high degree of secrecy regarding their bank account and details of their holdings. Apart from this, people with offshore bank accounts can also multiply their wealth by opting for lucrative means of earning quick money through the purchase of bonds and securities of foreign companies, investment in offshore real estate, and in offshore mutual funds as well as investments in foreign stock markets.

In addition to this, offshore banking also bestows the customers with several other attractive banking services, such as opening several different types of accounts from the wide range of different bank accounts available (including anonymous bank accounts or accounts in which the account holders name is deliberately changed to withhold the customers identity), sending or receiving unlimited amount of money through wire transfers, options for trading in currencies of several different countries, credit card options, safety deposit box options, and opportunities for applying for a wide range of loans, insurance and investment options, that are not available in their own homeland.

With so many advantages and benefits associated with an offshore bank account, anyone with a reasonable amount of bank balance would be interested in offshore investments. So, if you are interested in opening an offshore bank account, which bank would you consider? Well, you can refer to any reliable offshore banking directory to gather information about good offshore banks in the geographical area of your interest. However, it is always better to conduct a good amount of research about the offshore countrys political and financial stability as well as the banks own reputation and track record before opening an offshore account. Also, it is better to inquire about the minimum balance, transaction fee, deposit ceiling and interest rates before you zero in upon a particular bank for opening your offshore bank account.

You can browse through the internet and look for offshore banking directories which will provide you with a list of offshore banks categorized according to the geographical area where the bank is located.

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Offshore powerboat racing - News - Business News

History of the SportOffshore powerboat racing was first 'recognized' as a sport when, in 1904, a race took place from the south-eastern coast England to Calais, France. In the United States, the APBA (American Power Boat Association) was formed during that period. The USA's first recorded race was in 1911, in California.The sport increased in popularity over the next few years in the United States, with 10 races being scheduled during the 1917 season. The sport's growth was disrupted in Europe during WW1 and then again in WW2, but it began to grow again rapidly on both sides of the Atlantic in the 50's and 60's.The sport entered the 'modern' era in the 60's, with notable names like Jim Wynn, Don Aronow, and Dick Bertram competing in mammoth events such as the Bahamas 500 mile race. During that time, the 'navigator' position in the raceboat was extremely important (unlike in today's small, track-like circuits), as finding small checkpoints over a hundred mile open ocean run was a difficult endeavor.The list of 'modern' world champions extended into the 1980s, when the sport entered the catameran, and then the 'superboat' era - the 1000 cubic inch total engine block restrictions were lifted for boats over 45' in length, and soon 3 and 4 engine boats sporting f16 fighter canopies replaced the venerable 35-40 foot deep vee hulls that had been the sport's top category for twenty years. Modern races are short, 'track' style events with much improved viewing for the spectators, and the different categories of boats have multiplied far beyond the 4 classes that were common through much of the 60's, 70's, and 80's. Offshore Race SeriesPowerboat P1:Powerboat P1, the UIM sanctioned world championship is one of the fastest growing powerboat series in the world. Founded in 2003 with 5 boats it now has 20+ teams from 11 countries.It caters for monohull boats with twin inboard engines in two classes:Supersport - for open top production models which are limi ted to 85mph (137km/h) for safety reasons.Evolution - fully canopied prototype boats with no speed limit.Engines can be either petrol or diesel depending on the team choice or the manufacturer's recommendation. A P1 grand prix consists of two races, the Sprint, 50nautical miles (93km) and the Endurance over 80nautical miles (150km).The teams with most points over two races win the overall Grand Prix and take the prize money and the championship points.U.I.M Powerboat P1 World ChampionshipClass One World Powerboat Championship:Offshore powerboat racing is often referred to as the equivalent of Offroad racing as they both combine human and technological endurance to produce a spectacular race series. Class 1 has come a long way technologically since first being sanctioned by the U.I.M. in 1964. Shortly after its advent, Americans Jim Wynne, Dick Bertram and Don Aronow led the battle for technological supremacy, with Daytona, Mercruiser, and AeroMarine power plants reigning sup reme. But in the 1980s, the pendulum swung to witness a period of European design dominance. Don Shead's Aluminium monohulls, Italian manufacturers Picchiotti and CUV, and the James Beard-Clive Curtis Cougar catamarans set the pace. Fabio Buzzi took a giant step forward with the introduction of glass-reinforced polymer hulls, turbo-charged engines, and integral surface drives and the 90's subsequently saw the emergence of the Michael Peter's design and Tencara and Victory hulls dominate, with Sterling, Lamborghini, Seatek and more recently, Mercury sharing the power battle. Today, state-of-the-art boat design and leading-edge technology are pushing the barriers and extending the boundaries of the modern-day racers in their relentless pursuit of competitive excellence.Class 1 World Powerboat Championship Famous Offshore Powerboat RacesCowes Torquay Cowes:The Cowes-Torquay launched offshore powerboat racing as a sport in Britain in 1961. Initially sponsored by the Daily Expres s newspaper, its success encouraged several countries in Europe and the Middle East to follow suit. Hence it can rightly claim to have introduced offshore powerboat racing to the rest of the world outside the United States where the modern sport was launched with the first Miami-Nassau Race in 1956. When the Union Internationale Motonautique, the world governing authority for powerboat racing, introduced the World Offshore Championship in 1967 as a memorial to Sam Griffith, the American founder of modern offshore racing, the course was found to be too short at 125miles to qualify as a championship heat. The race format was therefore changed and instead of finishing at Torquay, the fleet returned no-stop back to Cowes, a pattern that remains to this day.The British Powerboat Racing ClubRound Britain Powerboat Race:The Round Britain Powerboat has been run on 3 previous occasions - 1969, 1984 and 2008,the previous winners were Timo Mkinen, Fabio Buzzi and Vassilis Pateras.The 4 th Round Britain Powerboat Race will take place in July 2012. Unlike its predecessors, in which competitors navigated the Caledonian Canal, the 2012 race will entail a complete circumnavigation of Britain making it, without doubt, the toughest endurance powerboat race in the world.The 2008 Round Britain Offshore Power Boat RaceThe Round Britain Offshore Power Boat Race 2012The Needles Trophy:The Needles Trophy was first presented in 1932 and every year until 1938. A break until 1951, 1952, 1954, 1956. Then another break until 1967 until 1989 inclusive.In more recent times these are a few of the very well known names and names known in the Powerboat Racing circle.In 1969: A. Pasco Watson. In 1972: Won by Tim Powell, HRH Prince Michael of Kent, William Meyers, Stirling Moss. In 1973: Keith Dallas. In 1980: Ted Toleman. In 1984 and 1987 Alex Foster raced in the winning boat. In 1988: Eduardo Poli. Then presented 1992: Richard Carr In 1993: Andreas Ugland and Jann Hillestad In 1 994: Marco and Massimo Capoferi. In 1996: Charles Burnett and Peter Dredge. In 2002: Peter Dredge and Ian Sanderson.In 2004 The Royal Motor Yacht Club, decided to Award the NEEDLES TROPHY to a class of Powerboats who would race to the "Needles".In 2004: Jackie Hunt and Mike Shelton. In 2005: John Cooke and Graham Lawton.In 2008 saw a return to Traditional Offshore Racing with hosting the Sunny Isles Beach Offshore Powerboat Challenge Weekend featuring "The Don Aronow Memorial Race, Bimini & Back".2009 Offshore Events, LLC hosted the 2nd Annual Powerboat Challenge, Miami-Bimini Ocean Challenge. Aqua Mania took home Sunday's OSS Sanctioned Race.2009 saw a return to traditional Offshore Racing and the trophy was won by Drew Langdon in Silverline Buzzi Bullet.The Royal Motor Yacht Club References^ Jeremy Clarkson's Extreme Machines supplement, December 1997^ /worldchampions.htm#other Offshore World Champions External linksHistoric Offshore Race Boat AssociationCOPOC Categories: Motorboat racingHidden categories: Articles needing cleanup from May 2007 | All pages needing cleanup | All articles with unsourced statements | Articles with unsourced statements from July 2009

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The Benefits of Outsourcing Your Manpower Recruitment Process - Business - Outsourcing

In the business world, the term "outsourcing" could mean extra savings on manpower but for some, this new business strategy is a way to take away jobs from Americans. However, the truth about outsourcing is that it can help a business to simplify efficient operations. In one way or another, most business establishments today utilize outsourcing. Whether it's for their factory, data processing or even maintenance; outsourcing is a practical option. The process of outsourcing is one of the most viable business models today. Business establishments that employ recruitment process outsourcing have reaped the benefits of savings while boosting the quality of their production and operations. The main concept supporting the business model for the outsourcing process is very easy to understand. You just need to recruit a well-established firm that focuses on recruitment and monitoring applicants to deal with all your manpower needs. This type of outsourcing is not an entire altern ative for your whole human resources department. This is another opportunity to boost the quality of your productions. Whereas your human resource department could deal on corporate rules compliance and developing the skills and knowledge of your staff, an outside company to handle your recruitment can focus on searching for qualified people to be part of your company according to your standards. With the help of recruitment process outsourcing, you can tap a larger pool of talents for your manpower needs. You just need to specify your standards and requirements for the manpower you need; and leave the rest with the recruitment agency to search for those qualified people and make them a suitable choice for your company's preferences. By getting the services of a recruitment outsourcing company, there is no need to deal with long queues of applicants, creating a database or file system for resumes and conducting hiring interviews. These significant stages of the recruitment p rocess will be handled by the recruitment outsourcing company you have chosen. A different perspective to view recruitment outsourcing is to consider it as a practical way to tap your company's accessibility for a wider reach. Your business may need talents with special trainings and experience that could not be hired through usual hiring process. But with an extensive process from recruitment agencies, you can have an easy access to wider source of potential talents from varied backgrounds. There are varied payment schemes to hire a recruitment outsourcing company that will be based on which kind of talents your business needs. There are recruitment firms that will charge you for every successful hire completed or you can pay for a package when you need a large pool of talents. Searching for your manpower needs through recruitment process outsourcing will provide you the opportunity to work with competent people who can meet your business goals. This can help you to increas e your sales profit and save on money that could be wasted by spending long hours performing extensive recruitment process. A recruitment agency can provide you with the manpower for your business to keep you strong and powerful in today's stiff competition.

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Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats - Business - Management

Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats

The US government has warned 10 Swiss banks, including Credit Suisse, that they must hand over confidential information exposing tax cheats by tomorrow or face legal proceedings.

A long-term tradition of secrecy has helped Switzerland build up a $2 trillion offshore financial industry. Photo: Alam

By Jamie Dunkley8:45PM BST 04 Sep 2011US deputy attorney general James Cole has written to the Swiss government demanding that detailed figures relating to tax evasion at Credit Suisse and nine other smaller Swiss banks are sent this week.In the letter, which was quoted by Swiss newspapers, Mr Cole demands that Switzerland deliver a significant number of client accounts, adding that US authorities are ready to test a Swiss offer to settle the dispute under existing law.A long-term tradition of secrecy has helped Switzerland build up a $2 trillion (1.2 trillion) offshore financial industry. However, the country has agreed to do more to help hunt tax cheats in recent years amid a global crackdown on tax havens following the financial crisis.The US is pushing for Switzerland to replicate the stance it took last year when it allowed UBS to bend bank secrecy rules and reveal the details of around 4,450 clients to avoid criminal charges.The Sonntagszeitung newspaper quoted Swiss sources close to the talks as saying that Washington is seeking details of all US clients with accounts worth at least $50,000 between 2002 and 2010, at banks including Credit Suisse, private bank Julius Baerand Wegelin as well as the Zurich and Basel cantonal banks.

The Shaw Group Inc. was founded in 1987 as a fabrication shop in Baton Rouge, La., by Chairman, President and Chief Executive Officer J.M. Bernhard Jr. and two colleagues. Driven by leaders with bold vision and a strong entrepreneurial spirit, the company has evolved into a diverse engineering, construction, technology, fabrication, environmental and industrial services organization with 27,000 employees in strategic locations around the world.

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Shaw to Host Conference Call to Discuss Global Strategic Partnership Announcement

The Shaw Group Inc. (NYSE: SHAW) today announced it will hold a conference call today, Nov. 29, 2010, at 11 a.m. Eastern time (10 a.m. Central time) to discuss a new global strategic partnership. A slide presentation will be posted on the Investor Relations page of Shaw's website at approximately one hour prior to the conference call.

Interested parties may dial 1-800-588-4973 to listen to the conference call live or access a live audio webcast of the call on the Investor Relations page of Shaw's website at .

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Lee Byers Asks Do Expats Really Need an Offshore Bank Account? - Finance - PersonalFinance

Getting back to basics: how do expats begin managing their money when they move abroad, and what are their options. Whats the difference between an offshore and an international bank account and where do offshore savings and investments come in to play?

It seems to me that until youve lived abroad for quite some time and met many other expats and learned from them, or unless you work in a financial services facing business abroad, most expatriates dont learn about their realoffshore options for a long time. This is a genuine shame because it means that expatriates are missing out on the myriad benefits available to those who can legitimately bank, save and invest offshore.

As a writer constantly commissioned to cover issues related to the offshore financial industry, I could run the risk of becoming blas about the benefits and advantages of going offshore if it werent for the one thing that keeps my feet firmly on the ground. And that one thing is the reader enquiries I receive every single day from those who really dont know where to begin, and who arent sure whether what theyre reading about is really applicable to them.

Its all very well for offshore banks and international financial services providers to pitch their marketing material at those who are already sold on the concept of investing in a different jurisdiction, but what about those who are beginning from the position that theyre not even sure whether all expats need an offshore bank account? A reader asked me today whether they needed such an account now that theyre working overseas, and its a totally valid question that needs a proper answer. So, if youre new to the offshore world of banking, saving and investing, read on to find a way in to what can seem a confusing business.

Do Expats Need an Offshore Bank Account?There is a difference between an offshore and an international bank account as far as I am concerned. Bank accounts that can provide transaction privacy and confidentiality to the account holder should reserve the right to be called offshore bank accounts. Such accounts are usually owned by a company and/or trust structure, and come with a fee attached for establishment and on-going management every year.Most expats are not looking for such a solution. Most expats want a personal account that they can utilise now that theyre living abroad. Therefore in my humble opinion, such accounts should be referred to as international accounts rather than offshore accounts.So, according to my terms as defined above no, most expats dont actually want or need an offshore bank account, most expats want an international account!

SoDo Expats Need an International Bank Account?An international account, such as those offered by HSBC, Barclays, Lloyds TSB and so on, are designed to be of maximum flexibility and use to an expatriate who needs access to ATMs abroad, who needs to set up direct debits/standing order type payments to institutions and individuals in different locations in the world, and who perhaps earn their money in one currency and withdraw it in another.

These accounts can be exceptionally useful to some expats. However, they are not an account you should necessarily favour if you want a) the secrecy some people associate with a bank account in another jurisdiction or b)you hold a lot of money on account on which you could potentially be earning interest. Whats more, if your banking needs are straight forward, you may not even need an international account.

Even the best international personal accounts offer ridiculously low rates of interest on balances therefore, if you hold a lot of money on account youre probably not going to be advised to put that money in an international account.

Some of the better banks can offer you a structure whereby you have an international account for your day-to-day transactions, and this is linked to a savings account where money deposited can earn some interest. However, you may actually get a better rate of interest on a dedicated term-account for example, or from an offshore bond, or an offshore investment product

And this is where it can get unnecessarily confusing for expatriates.

Think of it like this if it helpsIn the UK for example, most people have a current account and they do all of their main banking through this account. Their salary goes into it, their bills go out of it.Ideally they then have other money saved or invested in an ISA, a bond, a dedicated savings account or whatever. They perhaps make annual deposits from excess wealth left in their current account, or if they earn a bonus they may put the balance into an investment or savings policy.

Well, exactly the same methods of approach can work for an expatriate but as soon as you throw the word offshore into the mix some people become distinctly uncomfortable.How an Expatriate Could Potentially Manage Their Banking and Savings RequirementsAn expat can potentially, (if they are best advised to do so by an independent professional for example), bank day-to-day in an international personal, current account. They can receive their wages into that account, pay their mortgage back in the UK from that account, pay their international credit card and their rent in their new nation all from the same account.

They can have 24 hour access, (no matter what their time zone), to their money thanks to the international nature of their account.

At the same time, any money they have already saved onshore and any future lump sum or regular amounts they want to earn interest on can be saved or invested in a range of products, accounts and solutions to suit everything from their risk profile, the term they wish to invest for, their tax status and so on.

An expat does not therefore have to put all of their money into one international account! It doesnt make sense to do so for the vast majority of expats either.This means that yes, an expat does have to change their mindset when it comes to the management of ALL of their money and each of their financial dilemmasbut it doesnt have to be difficult.

If you separate out your thinking when it comes to your banking and your savings you will find the offshore world much easier to understand.

1) Determine whether you need the massive flexibility an international bank account can offer you, or whether you can continue to manage your day-to-day banking from your old onshore current account

2) You can then slowly but surely turn your attention to making the most of your money offshore. By this I mean you can look at how you as an individual can benefit from going offshore. Are there ways you can a) save tax, b) get better returns, c) have access to more flexible savings accounts or investment products offshore?

In other words you do not need to find an immediate solution in the form of an offshore bank account to throw all your money into now that you are living abroad. Instead you need to find a banking solution and a savings path.More About Making the Most of Your Money Offshore

As an expat you can almost always potentially benefit your wealth by going offshore. (NOTE: how and why you can potentially benefit is dependent on you and your unique financial and taxation position. Determining how and why you as an individual can potentially benefit is something to work out with an independent, qualified and reputable wealth adviser. This article does not constitute advice.)

Offshore saving and investing is different to offshore or international banking. The former is about making the most of your money and the latter is about the day-to-day management of your financial affairs and liabilities. To make the most of your money you will need to look at the products and solutions available that will help you save and invest excess wealth in the most tax efficient, high returning manner as possible.If you work with a reputable financial or wealth adviser who understand expats needs and who is fully au fait with the offshore financial marketplace, you can sort out your short, medium and long-term money management and wealth advancement needs.

To ConcludeThose seeking a secure, private and confidential offshore solution for their money may benefit from an offshore bank account that forms part of an offshore company/trust structure.

Expats who need very flexible banking now that they are living and working abroad may benefit from an international bank account.

Anyone living abroad who wants to make the most of their money in terms of its potential growth should explore the offshore savings and investment products available and suitable to their individual needs and taxation position. They should consult a reputable, regulated, qualified and experienced offshore wealth adviser specialising in assisting expats if they want qualified advice.

About Lee ByersLee Byers provides high quality investment products and services that are tailor-made to meet our clients particular requirements. Our reputation has been built over the last nine years on solid values and investment expertise. Our experience and success has established us as one of the fastest growing investment brokerages in the world today. Further information about the Group is available on Lee Byers.

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Reasons for Opening an Offshore Banking Account - Finance - Banking

One of the notions regarding an offshore banking account is that it is only for the very rich people. This notion is only true in the sense that most wealthy investors tend to prefer depositing their funds in an offshore account for privacy reasons. In reality, account is very economical. The average individual, rich or working class, can open an offshore account. The process of opening an account is no different from the process at a local, traditional bank. An offshore banking account is just an account that you open in a country or jurisdiction outside of your own. Selecting the right offshore bank and jurisdiction is the first step toward developing a successful relationship.

The most evident reason for opening an offshore banking account is the cash-flow advantage. Investors gain interest on their deposits, which are not subject to standard withholding tax typically imposed on traditional banking accounts. One of the numerous benefits of opening it is that they are often situated within tax havens, reducing or eliminating the heavy tax burden charged to the depositor. As technology advances, offshore banking institutions continue to offer their customers even greater benefits. It accounts come with a standard debit card that depositors can use to withdraw funds anywhere in the world. Offshore accounts offer additional protection for depositors who seek to protect their money from third parties. Investors can transfer and move their money from one account to another, tax-free, without incurring additional charges.

Offshore accounts provide depositors with privacy and asset security. The following represent some additional reasons for opening a account. 1. Investor Privacy

One of the significant reasons for opening an offshore bank account involves investor privacy. An offshore account allows an investor to deposit funds anonymously and avoid heavy taxation from resident jurisdictions. With this type of account, depositors can avoid lawsuits from third parties. An offshore banking account is a popular choice for individuals who want to preserve their privacy.2. Investment

Banking professionals consider selecting an offshore banking account as a way for an investor to diversify his investment portfolio. Depositors who invest in an offshore banking account receive high returns and tax savings globally. Investors gain access to a wide range of global banking services and investment opportunities. They are afforded better currency rate conversions. They also don't incur the same tax burdens of their home country.

3. Legal

Opening an account will require the investor to select a law firm with experience in offshore financial services and international business. Law firms that specialize in drafting agreements for offshore financial packages will provide timely services at an affordable cost to the investor. 4. Banking ServicesOffshore jurisdictions with a tax-free structure are the first to offer services. Many offshore banks offer a full range of private banking products, but have certain terms and conditions that investors must meet. An offshore banking account provides the greatest protection for corporations and helps clients meet the needs of its customers.

5. Visa

Offshore banking institutions offer traditional services to their investors. An offshore account comes with a standard debit card with a Visa or MasterCard logo. In case the card is lost or stolen, the investor doesn't have to worry about identify theft because the identity of the investor is not disclosed on the card. The investor doesn't have to provide an address, a date of birth, or a tax identification number as a prerequisite for opening an account. Offshore banking has many advantages, some of which include the access to politically and economically stable jurisdictions and lower costs. Investors receive a higher rate of return on their investments. It is an aggressive wealth and long-term financial growth strategy.

Harbor Financial Services (HFS)

Harbor Financial Services is a professional company that provides offshore financial advice and investment services to its clients. HFS recommends offshore products and services to suit any personal and/or business need. The company has helped clients find solutions to meet their long-term financial needs. HFS has the experience and the expertise to create the best offshore package for you. Visit for more information about the company's products and services.

Disclaimer: Many countries have laws regarding offshore entities and accounts. For example, citizens that form offshore entities, (for example an offshore corporation, offshore trust, offshore partnership, offshore limited liability company, etc.) own stock in offshore entities or hold positions within offshore entities may need to file a tax return. Citizens that form an offshore trust, move assets into an offshore trust or are the beneficiary of an offshore trust may need to file a tax return. Citizens that sign on offshore bank accounts or offshore investment accounts may need to disclose this fact to their government and pay taxes on any interest or capital gains. We strongly recommend consulting with a local, licensed professional to obtain tax and legal advice in order to understand the law and to fully comply with all applicable laws and reporting requirements regarding offshore companies, offshore trusts, offshore bank accounts and offshore investments.

Offshore Bank Account | Offshore Banking

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Outsource Link Building to Create a Powerful Web Presence - Internet

Outsource link building helps to create awareness about a website among millions of internet users. It brings more online traffic that can become a source to earn online business fortune.

Build external links to enhance quality of online web presence

When one talks about making a website it optimized, link building flashes to the mind. Today SEO providers around the globe are providing outsourcing link building. It is defined as getting web links from other websites on pages of your own website to ensure high search engine rankings to invite greater web traffic. High web traffic is the ultimate source of getting potential customer conversions. Building web links with other service relevant websites is of three types' free links, paid links and reciprocal links. Paid and reciprocal outsourcing link building is more powerful than creating free links that are created, simply by adding other website links without paying any compensation. The level of a website's ranking on search engines are determined by it crawlers and search engine spiders. They trace backlinks of a website while deciding about the web page URL to be highlighted on top rankings. Building links on pages of a website helps to enhance their popularity and ranking on it.

Potential benefits of creating website links:

Outsource link building helps to create awareness about a website among millions of internet users. It brings more online traffic that can become a source to earn online business fortune.Outsourcing link building based on SEO guidelines carry numerous benefits for website owners. With the use of internet for online advertising and selling online business competition has assumed an awesome form. It is essential to employ most updated techniques of SEO and website marketing for getting assured online visitors. SEO link building is counted amongst effective ways to increase online highlighting of a website. This technique is vying with other ways of search engine optimization like social media marketing and SEO article writing. The latter two require more effort and time. On the other hand building links require accuracy than time. By creating links of websites falling in the same category, web masters can act smarter and come in view of it. Doing search engine optimization o f a website through outsourcing link building is the smartest tip to direct more online visitors and potential buyers on a business website. It saves more time and hard work, yet it guarantees web masters to get promoted by it.

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How to Compare Offshore Jurisdictions

Today many unscrupulous firms are offering corporations and bank accounts in many different jurisdictions with a shopping list of countries available almost every one of them no longer any good, many being located on Caribbean islands and are misleading the customers into thinking they are real offshore jurisdictions with privacy benefits. Wrong!!!

Let's analyze some things to look for when shopping for an offshore jurisdiction.

Bank Secrecy - Without this we are not interested. We want the bank to not be able to divulge any information about the bank account including whether or not such a bank account even exists unless there is an order from a competent court in the country where the bank is located. More secrecy than this does not exist any place today. Numbered accounts are gone. Sparbuch accounts in Austria are all gone, yes I know people offer them for sale on websites but they are all long gone and closed down. The bank secrecy laws must be written into the law of the land in question. Belize has no such bank secrecy laws written in their laws, people just seem to trust them even though there would be no legal penalty for them to reveal bank information if they see fit to do so. We want bank secrecy laws to call for prison and civil penalties for any violations in addition to allow for one to bring suit against the bank for violations. Panama meets this test.

MLAT - Mutual Legal Assistance treaty. Many nations have entered into these agreements. For a list of countries that have entered into these agreements with the USA courtesy of the US Government click here:

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It is shocking as to how many countries are in such agreements. Even Panama is in such an agreement but it is fairly limited in scope, see below:

Essentially Panama will cooperate in a multi-national case involving narcotics and money laundering (these crimes need to be tied to narcotics). They also will get involved in cases concerning child pornography and real terrorism. If you are not a narcotics dealer and are not a money launderer (money launders are typically dealing with many millions of dollars), not a child pornographer, and not a terrorist you should not be concerned by this. The MLAT requires that there first need to a criminal prosecution case on file in the criminal courts of the requesting government (which means no fishing expeditions) then through diplomatic channels involving the embassies, requests are made for information, then reviewed by Panama officials and a decision on compliance is made or requests for more information are made so a determination can be arrived at. These cases can take months and even years for completion. At times the country where the bank is located has been known to on ce alerted to the problem, conduct their own investigation first and this usually requires them to seize the relevant records and documents which can stall the process for a long time even years since their justice systems typically moves quite slow and statues of limitation can run out, please don't construe this to mean Panama does this routinely it is just something that does occur from time to time around the world. The MLAT has no application to civil cases such as divorce, bankruptcy, civil judgments, business litigation, any sort of civil litigation, civil tax matters etc. Taxation matters of any sort are not covered by this as far as Panama is concerned. Income tax evasion is a civil (non-criminal) offense in Panama. Switzerland cooperates on income tax cases if the return is filed falsely like all income was not declared, things were omitted or so the complaining government says. Panama has no extradition treaties. Panama passes this test.

Tax Treaties ? Many so called Offshore Jurisdictions are in Tax Treaties. For a list of countries with tax treaties with the USA click here. Panama has NO tax treaty with any country. Even Switzerland and Belize are in tax treaties as are most of the so called offshore jurisdictions. Click here to see a list of countries in tax treaties complete with links enabling you to read the actual treaties, a real eye opener click here:

/countries_with_tax_treaties.html

Type of Bank License - Many of these offshore banks have offshore banking licenses versus regular banking licenses. Let me explain. These island jurisdictions usually have different classes of bank licenses ? one class allows the bank to do business with only residents of the country, the other class usually encountered is the offshore license that allows the bank to ONLY conduct business with non-residents of the country, and they usually have a third class of license that allows the bank to do business with both residents and non-residents. It is a natural conclusion that a bank with an offshore only license is a risky proposition at best since the government won't let them do business with the citizens of their country. The banks we use in Panama are open to the citizens of Panama and are never offshore only banks. Most of the bank accounts being offered by various web site businesses are with bank having only an offshore license.

Corporation Privacy - This is an important point. I see many websites selling offshore corporations from dozens of countries. The only kind of corporation worth anything when it comes to privacy is a bearer share corporation. By this what is meant is the ownership of the corporation rests with the person who has the physical stock certificates of the corporation. Ownership need not be reported or recorded anywhere. A sale of the corporation does not need to be reported. This is what is called a non-transparent corporation and is extremely disliked by many governments who think people have no rights to privacy. In Panama a S.A. Corporation or bearer share company has no ownership reporting or recording requirements. One merely hires professional directors (which we provide) who appear as directors on hundreds of corporations and that is that. Directors are made public but you need not be your own director, we provide professional nominee directors complete with resignation letters and general power of attorney letter. Corporation privacy is especially important since governments have taken to monitoring bank wire transfers including recently the Swift System scandal showing the USA was monitoring Swift Transfers and we do not know to what extent and for exactly how long but is best to assume the worst. If one uses an anonymous bearer share Panama Corporation there is lack of transparency in that no one knows the ownership behind the corporation, they only know the corporation received or sent a wire and the other side of the transaction. This serves to preserve your privacy to a large extent. Imagine how silly it is to use an offshore corporation where ownership is made public and can be computerized thus one could tell in seconds who is the person behind the corporation receiving or sending the funds. This is what is being sold all over the internet as an offshore corporation misleading the people into thinking their privacy is being protect ed. Once again Panama passes the test.

Taxation Free - The offshore jurisdiction must be taxation free in that offshore derived income is not taxed by the country where the corporation is domiciled. Panama meets this test as does numerous other countries. Panama also has no capital gains tax for you stock market investors and there is no inheritance or probate tax. Panama passes this test.

Weather Considerations - Many of these offshore jurisdictions are located on islands and are subject to power outages from hurricanes. Also one must look for risk from volcanoes, tsunamis and earthquakes. Just what you don't need is a power outage from a storm preventing you from getting your money out when you need it. The reason the Panama Canal was built where it is, is because there is no risk from hurricanes, tsunamis, volcanoes and earthquakes. Panama passes the test.

Infrastructure - One must look at the power generators, telephone system and internet when evaluating an offshore jurisdiction. You don't want to have to wait days or weeks to be able to use your online banking or to be able to talk to your bank on the phone. Panama was basically built by the Americans who just left it in 2000. It has American style phones, electricity, roads, etc. The cells phones and internet in Panama are as good as Canada or USA. Panama passes the test again.

Government Stability - The last thing you need is to be banking in some tax haven offshore jurisdiction and find out a revolution has taken place and you can kiss your money goodbye. Another possibility is like what happened in Grenada when there was rampant bank fraud causing the closure and liquidation of the offshore banks with people losing their savings. Panama is a stable democracy. Panama is a UN neutral country so a war is most unlikely. Panama is in a treaty with the USA concerning the Panama Canal which was given to them by the USA in 2000. If the canal is threatened the USA has the right to step in to protect the Panama Canal. This means that if there was a revolution (unlikely occurrence since Panama is a most stable democracy) the USA would have fighter jets there within an hour or two and by the next day one could expect to see a navy aircraft carrier group in Panama Bay with an expeditionary force of marines. Next would be an airlift, paratroopers, helicopt ers, nuclear submarines and you have the idea. Forget about an invasion, attack or revolution in Panama, it passes the test.

Currency - Panama uses the US dollar as its currency. The banks are on the US dollar and the ATM machines dispense US dollars, they even use US coins. This means a stable currency. I know some of you will say they like the Euro better fine but when I say stable compare it to the Bahamian Dollar or Grand Cayman Dollar. No currency conversion costs in Panama if you use dollars. Panama again passes the test.

EU Ties - Panama has no ties that could erode privacy again passing the test. No reportage of income for EU residents or collecting of withholding taxes. Tax identity numbers from your home country are not required to open a Panama bank account, own a corporation, buy real estate etc. Panama again passes the test.

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Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats - Business - Management

Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats

The US government has warned 10 Swiss banks, including Credit Suisse, that they must hand over confidential information exposing tax cheats by tomorrow or face legal proceedings.

A long-term tradition of secrecy has helped Switzerland build up a $2 trillion offshore financial industry. Photo: Alam

By Jamie Dunkley8:45PM BST 04 Sep 2011US deputy attorney general James Cole has written to the Swiss government demanding that detailed figures relating to tax evasion at Credit Suisse and nine other smaller Swiss banks are sent this week.In the letter, which was quoted by Swiss newspapers, Mr Cole demands that Switzerland deliver a significant number of client accounts, adding that US authorities are ready to test a Swiss offer to settle the dispute under existing law.A long-term tradition of secrecy has helped Switzerland build up a $2 trillion (1.2 trillion) offshore financial industry. However, the country has agreed to do more to help hunt tax cheats in recent years amid a global crackdown on tax havens following the financial crisis.The US is pushing for Switzerland to replicate the stance it took last year when it allowed UBS to bend bank secrecy rules and reveal the details of around 4,450 clients to avoid criminal charges.The Sonntagszeitung newspaper quoted Swiss sources close to the talks as saying that Washington is seeking details of all US clients with accounts worth at least $50,000 between 2002 and 2010, at banks including Credit Suisse, private bank Julius Baerand Wegelin as well as the Zurich and Basel cantonal banks.

The Shaw Group Inc. was founded in 1987 as a fabrication shop in Baton Rouge, La., by Chairman, President and Chief Executive Officer J.M. Bernhard Jr. and two colleagues. Driven by leaders with bold vision and a strong entrepreneurial spirit, the company has evolved into a diverse engineering, construction, technology, fabrication, environmental and industrial services organization with 27,000 employees in strategic locations around the world.

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Shaw to Host Conference Call to Discuss Global Strategic Partnership Announcement

The Shaw Group Inc. (NYSE: SHAW) today announced it will hold a conference call today, Nov. 29, 2010, at 11 a.m. Eastern time (10 a.m. Central time) to discuss a new global strategic partnership. A slide presentation will be posted on the Investor Relations page of Shaw's website at approximately one hour prior to the conference call.

Interested parties may dial 1-800-588-4973 to listen to the conference call live or access a live audio webcast of the call on the Investor Relations page of Shaw's website at .

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Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats - Business - Management

Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats

The US government has warned 10 Swiss banks, including Credit Suisse, that they must hand over confidential information exposing tax cheats by tomorrow or face legal proceedings.

A long-term tradition of secrecy has helped Switzerland build up a $2 trillion offshore financial industry. Photo: Alam

By Jamie Dunkley8:45PM BST 04 Sep 2011US deputy attorney general James Cole has written to the Swiss government demanding that detailed figures relating to tax evasion at Credit Suisse and nine other smaller Swiss banks are sent this week.In the letter, which was quoted by Swiss newspapers, Mr Cole demands that Switzerland deliver a significant number of client accounts, adding that US authorities are ready to test a Swiss offer to settle the dispute under existing law.A long-term tradition of secrecy has helped Switzerland build up a $2 trillion (1.2 trillion) offshore financial industry. However, the country has agreed to do more to help hunt tax cheats in recent years amid a global crackdown on tax havens following the financial crisis.The US is pushing for Switzerland to replicate the stance it took last year when it allowed UBS to bend bank secrecy rules and reveal the details of around 4,450 clients to avoid criminal charges.The Sonntagszeitung newspaper quoted Swiss sources close to the talks as saying that Washington is seeking details of all US clients with accounts worth at least $50,000 between 2002 and 2010, at banks including Credit Suisse, private bank Julius Baerand Wegelin as well as the Zurich and Basel cantonal banks.

The Shaw Group Inc. was founded in 1987 as a fabrication shop in Baton Rouge, La., by Chairman, President and Chief Executive Officer J.M. Bernhard Jr. and two colleagues. Driven by leaders with bold vision and a strong entrepreneurial spirit, the company has evolved into a diverse engineering, construction, technology, fabrication, environmental and industrial services organization with 27,000 employees in strategic locations around the world.

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Shaw to Host Conference Call to Discuss Global Strategic Partnership Announcement

The Shaw Group Inc. (NYSE: SHAW) today announced it will hold a conference call today, Nov. 29, 2010, at 11 a.m. Eastern time (10 a.m. Central time) to discuss a new global strategic partnership. A slide presentation will be posted on the Investor Relations page of Shaw's website at approximately one hour prior to the conference call.

Interested parties may dial 1-800-588-4973 to listen to the conference call live or access a live audio webcast of the call on the Investor Relations page of Shaw's website at .

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The New Face of the IT Outsourcing Industry - Technology - Information Technology

Even at a time when outsourcing was not officially known as a business strategy, most establishments were not totally self-contained; functions for which they had no competency internally were outsourced. For instance, publishers would buy composition, printing, and fulfillment services. Employing suppliers for these important but secondary tasks could be viewed as the early beginnings of outsourcing. The next step was to outsource support services.

In the early 20th century, most companies tried to "own, manage, and directly control" all their assets. By the middle of the century, companies were branching out and expanding their corporate bases. Companies believed that having a broad base would protect their profits, even though expansion required multiple layers of management. This resulted in their having to deal with complexities in the management structure and the inability to be agile. In the last decade of the century, organisations began to concentrate on tightening their budgets by outsourcing particular functions to achieve cost efficiencies. This was when they realised that if they focus on their core business and outsource other functions, they will gain flexibility and creativity.

Prior to the IT revolution, there were a number of organisations in the US which outsourced manufacturing jobs to countries like Canada, Mexico and South America in order to cut costs. At present, outsourcing involves a strategic relationship between the company and the service provider. Till some time back, it was clear that companies would not outsource competencies that were core to them, as they set them apart and gave them an edge. This generally included any customer-facing functions. Now companies realise that outsourcing some of their core functions is a sound tactic and not inadvisable. As you know, a number of companies currently have their customer service handled by their service provider, emphasising the importance of the function.

It was considered a radical move when Eastman Kodak decided to outsource their IT systems which were vital to their operations. However, this was a decision that was taken after careful deliberation about what was core to their business. A number of the other leading firms, who agreed that it was not essential to own technology in order to obtain necessary information, followed their example. In the current scenario, the goal is to obtain the maximum possible efficiency by correct utilization of the available options and partnerships. Thus, a company's choice to outsource a function would be taken based less on whether it is core to their business and more on who can provide the service with better efficiency.

The next generation models for service providers would be:IT Resourcing: The supplier provides specialist skills available from their talent pool to backfill the client's teams, relieving the pressure of staff shortages, IT projects or major roll-outs across a number of countries.

IT Co-sourcing: IT co-sourcing is a hybrid model integrating both in-house and outsourcing services. With this model, organisations eliminate overhead, optimise internal resources, and can quickly move products or services from development to production.

Ethical IT Outsourcing Services: Many organisations fail to realise is that without proper planning and consideration wholesale IT outsourcing can have far reaching implications, not just in HR scenarios, but also the sudden and immediate loss of business knowledge, etc. The good news is that it doesn't have to be that way, there are a number of solutions that not only prepare and prevent loss of business knowledge, but can assist in retaining staff either on or off site. This approach is called ETHICAL OUTSOURCING.

IT Offshoring Services: Where organisations are in pursuit of the most efficient cost models, then the "high cost to low cost" model makes real sense. As the purest evolution of IT outsourcing, offshoring takes advantage of the low cost business model, whereby the more simple functions and queries can be resolved remotely by an offshore facility.

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KPO Companies in Mumbai: Best Helping Start-ups and SMEs in their Business Goal Realization in a Cost-effective and Timely Manner - Business - Customer Service

Knowledge Process Outsourcing (KPO) companies in Mumbai are providing valuable services to their clients in the form of excellent knowledge expertise and real value. These companies offer exceptional opportunities to business organizations to grow and expand in short time.

KPO involves carrying out the knowledge or information related work of clients on outsourcing basis to save their cost and time and better business results. Unlike outsourcing of manufacturing, KPO includes performing those works which require highly specialized business skills and technical knowledge. In addition, it involves interpretation and judgment skills to support the decision making. The main purpose of a KPO firm is to enable a company's top management make informed decisions and facilitate the smooth flow of business under increased pressure and responsibilities.

KPO Mumbai firms offer outstanding opportunities to companies from all over the world to outsource financial, human resource management, IT, IPR, and legal services, to save their significant time and money. These Mumbai KPOs aim at relieving their clients from their non-core business areas to focus more on core business areas. The work of a KPO firm is mainly based on knowledge and the ability to efficiently resolve clients' business and related issues on outsourcing basis.

Outsourcing business usually involves hiring employees with higher education, specialized skill, and specific business expertise along with experienced senior people with real life experience of business world. These professionals work in close association with the clients' team for perfect customized services and improved results. Outsourcing companies in Mumbai possess efficient team of professionals who offer assistance and advice to businesses to rise in their industrial sector. These professionals are specialized in their respective fields and provide innovative ideas and services to businesses for the smooth flow of business operations and easy achievement of set goals. Mumbai KPO firms possess the teams of highly qualified and experienced teams of chartered accountants, company secretaries, lawyers, cost accountants, IT engineers, MBAs, PhDs, and attorneys.

If you are a start-up entrepreneur or small business owner facing difficulties in different aspects of your business, like human resource management including payroll, training, recruitment, monthly PF, PI, ESIC; financing services; legal mandates and compliances including licensing, approvals, tax, audits, advisory services, IPR, etc., you can hire the services of an efficient and reliable KPO in Mumbai to make your business process easy and effective.

These KPO companies in Mumbai offer various outsourcing services, such as financial outsourcing, tax outsourcing, business analytics outsourcing, MIS outsourcing, compliance outsourcing, and payroll outsource, and human resource outsourcing. They serve as one stop solution for your every business related issue right from business advisory to legal and financial outsourcing services.

Knowledge outsourcing services include the following:

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The Pluses of Knowledge Process Outsourcing (KPO) Services for Business Increment - Business - Outsourcing

Knowledge Process Outsourcing is matter of great importance for businesses that cannot survive without business intelligence outsourcing; financial research and retail market analysis. Today, KPO's in the industrial sectors have started to show their potential in a manner that cannot be denied by any firm that believes in the power of knowledge. Several industries such as legal industry, IT, healthcare, etc. have started to reemerge with a fresh outlook and being demanded for some specialty services as per the requisites.

Principally based on information, the KPO service industry is all set to resolve the matters that cannot be easily solved by a BPO industry. But the level of work in this industry is much complex and time consuming. The KPO service providers have also showed excellent results in analytical services, market research and biotechnology. At present countries such as China, Israel, India, Russia are doing a marvelous job in the KPO outsourcing world. The paradigm shift of KPO has resulted too many pluses in the modern world and making some of the business firms extremely good going with the revenues.

The companies in the KPO sector accentuate on a workforce that possesses special mastery over a subject matter and usually utilized to share it to the needful. Today the clients are much more innovative in the new subjects and like to deal a business deal that can specialize in the areas that are related to KPO, BPO and IT. The factor of flexibility has helped many KPO firms to deal businesses that cannot be easily handled by a BPO sector.

The KPO services permit communication with some of the greatest brains in the specialized field and need not worry about the hiring process. With the advantages of the quality intellectuals in the KPO sector, the service providers might be able to deliver efficient offshore and onshore KPO services to narrow the gaps for developing global business community. In addition, the corporations accomplish deliberate advantages through knowledge process outsourcing. With the induction of these innovative KPO services, a great effort and time have been compressed for a better level of product development. This allows the management to react faster as per the market dynamics. The intellectuals at the KPO are adept with all the latest updates and can easily guide you to act as per the strategy or need.

With the help of KPO, the efficiency of the companies has extended far ahead of their expectations. Bringing opportunities for any business type, the strategic planning and expertise domain of a KPO can help the small business services to rise in their trade sector. They are guardians of modern business and save you from the risks that can easily arise from the uneven market conditions.

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Future Watch from Verve Communications Pvt Ltd: The Indian KPO Industry - Computers - Software

Future Watch: The Indian KPO Industry

In the present global climate, outsourcing of all kinds has probably become one of the most important aspects of business. And India of course has become a major hub for offshore outsourcing of all kinds of business processes. India has proven and broken records for its performance and innovative streak in every sector from art and craft to technological domains.

What with the evolution and maturity of the BPO sector in India, a new wave has also sprung forth on to the global outsourcing bandwagon: Knowledge Process Outsourcing or KPO. The success in outsourcing various business operations to India has encouraged many foreign firms to start with the outsourcing of their high-end knowledge work also. Operational efficiencies, cost saving, improved quality and access to a far more talented workforce are the underlying reasons for offshoring high-end processes to India.

The Indian Potential

For years now there has been a myth doing the rounds that Indian companies can only shell out software techies. But this myth of course has now shattered. People are now opening up to the reality which is, Indian companies are capable of doing almost anything! India has a large knowledge pool, which is filled to the brim with talented and experienced knowledge workers from various sectors like Medicine, Pharmacy, Biotechnology, Engineering, Law, Paralegal Content, Education & Training, Analytics, Research & Development, Design & Animation, and even Intelligence services.

This talent is now being tapped into by many of the leading International business firms from all over the world, which has resulted in the outsourcing of high-end business processes to low-wage destinations. Thus, Knowledge Process Outsourcing is the act of offshoring knowledge intensive processes to low wage destinations with specialized domain expertise.

The Future of the Indian KPO Industry

Surveys have shown that the global KPO industry is expected to reach nearly 17 billion dollars by the end of 2010, of which approximately 12 billion dollars worth of business will be outsourced to India. Whats more, the Indian KPO industry is expected to employ an added figure of roughly 250,000 KPO professionals by the end of 2010, as compared to the current estimated figure of 25,000 employees. Predictions have been made that India will acquire nearly 70 percent of the KPO outsourcing sector. Apart from India, other countries like China, Russia, Ireland, Israel and the Czech Republic are also expected to join the KPO industry.

In the last couple of years, more than 30 separate KPO firms have burgeoned in India. Every year, there are additions of at least 2-5 new KPO firms to this figure. Most of these KPO firms get knowledge intensive work from leading industries in the United States, Europe and Japan. Most of these KPO firms have gained in reputation because of the unique services that they provide and because of the unparalleled quality that they have to offer.

What with the need for high-end service projects increasing daily, the KPO industry in India is still in its early stages and in the future we expect to see many more KPO firms in India. The level of competency will increase, in order to attract and retain clients. But there definitely is a bright future for the KPO industry in India.

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KPO travel services in India - Technology

Knowledge process outsourcing (KPO) is a form of outsourcing, including legal process outsourcing. These are both high-value-added forms of business process outsourcing (BPO). KPO firms provide domain-based processes and business expertise, rather than just process expertise, and actually make many low level business decisions - typically those that are easily undone if they conflict with higher-level business plans.

KPO is one step ahead of Business Processing Outsourcing (BPO). BPO industry turning into Knowledge Process Outsourcing. KPO Industry handling more high skilled work than BPO Industry. KPO helps companies to create huge business opportunities. KPO firms provide domain-based processes and business expertise, rather than just process expertise. Intellectual Property Research, Pharmaceuticals Services, Medical Content & Services and Writing Services are typical KPO Services. In today's generation KPO has lead in outsourcing business. KPO service providers also face various challenges. The Knowledge Process Outsourcing is becoming the high valuable interests of companies for their business strategies and protection. KPO services can reduce design times, manage hardware efficiently and provide research on markets thereby helping in informed-decision making.

KPO or knowledge process outsourcing can be termed as high value added forms of business process outsourcing or BPO. Unlike random customer service or handling of low end inbound and outbound calls KPO firms deliver high end domain specific processes and business expertise. It may include research and work on intellectual property, equity and finance, market analysis, database management etc. In fact on a broad sense, it can include white collar jobs from any and every industry. Be it media outsourcing, legal process outsourcing (LPO), a KPO can be set up in any near shore or offshore center on any given industry and vertical.

I have included some KPO services that are outsourcable:* Research, Development & Analysis* Business and Technical Analysis* E-Learning Solutions* Cartoon Animation & Design* Business Management & Market Research (Qualitative and Quantitative)* Pharmaceuticals, Biotechnology and Healthcare* Medical Services* Writing & Content Development* Legal Services or Legal Process Outsourcing* Media Outsourcing* Intellectual Property (IP) Research* Data Analytics* Logistics and Data Warehousing Analysis * Network Management* Corporate Training & Consultancy

The major benefits of the KPO outsourcing services are described below.* Cost reductions.* Standard operational efficiency.* Expert man-power.* Time Saving.* Profit Increments.* Large man-power without raising costs.

How KPOs can innovateKPOs can go a step further than standardized processes. They can define quality for highly subjective and judgmental processes (output) and create systems to check. For instance, Integreon has a concept to measure output and define efficiency: the EWU (Equivalent Work Unit). Industrializing processes will not be enough; companies must standardize complex processes to achieve scale. Complex analysis requires not just domain experience, but more importantly, domain expertise. For this, companies can provide training programs for complex skill sets and establish high professional standards. Given the regulatory-sensitive nature of the information that flows into KPOs, employee due diligence, and security and confidentiality practices should be mandatory.

For more details on KPO travel services India visit and

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The Progress of Knowledge process outsourcing (KPO) Jobs - Careers - Career Management

Before we begin to understand the role the market plays for KPO jobs; let us first find out what is KPO and how different is it from BPO (Business Process Outsourcing).

As we are aware KPO is short for Knowledge Process Outsourcing, which means this is a process wherein information and knowledge is being processed in another country or by a third part company on subsidized rates.

The services performed within KPO jobs are:1.Consultancy and Training Services2.Legal Services. Sometimes this service is taken care of LPOs (Legal Process Outsourcing) separately.3.Content Research and Development4.Financial Services and Consultancy5.Research and Development of Information6.Healthcare Services7.Advanced Web Application Services8.Market Research for any Business9.Learning Solutions10.Data Collection and Analysis11.Animation and Design12.Network Management13.Research on Intellectual Property14.Software Development15.Medical Transcription

A company who offers KPO services may offer all the above services or offer only few of them; however, since KPO is rapidly growing many KPO companies offer more than just one service.

The difference between KPO and BPO is; in KPO a person should have the knowledge and expertise in a particular domain. For example, let's take Market Research; a person offering KPO services in this domain must be an expert in market research and analysis wherein in BPO it's not only knowledge that is required but quantity, the ability, and the quality of work that you deliver matters. Furthermore, KPO is also commonly known to be an extension of BPO with of course it being more a defined valued service.

It is believed that over 100,000 KPO jobs are being sent to India each year because India is known to house skilled professionals like doctors, lawyers, chartered accountants (CAs), software engineers, trainers, etc in abundance. This is not all; it is estimated that more and more KPO projects will be sent to India in the next few years and then the job market for KPO jobs will be on an all-time rise.

Major companies like Deloitte, GE Capital, Accenture, EVS (Evalueserve), MarketRX, Mckinsey & Company, and many more are known to be the top players for KPO services. Some of these companies have recently made an announcement of developing their KPO services in order to take on newer KPO projects from international markets.

KPO is going to be the next big uprising in the outsourcing segment and due to this there will be more and more job openings. Skilled professionals joining any KPO company can be assured that he/she will get a good pay package, job security, and growth.

Men and women with the proper education (preferably an MBA), experience, and analytical skills can look forward to a bright and worthy career in the KPO industry. The main two hubs for KPO companies in India are Bangalore and Chennai.

In closing, if you are still contemplating if you should get into a KPO job then you must do so now as this is the right time.

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Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats - Business - Management

Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats

The US government has warned 10 Swiss banks, including Credit Suisse, that they must hand over confidential information exposing tax cheats by tomorrow or face legal proceedings.

A long-term tradition of secrecy has helped Switzerland build up a $2 trillion offshore financial industry. Photo: Alam

By Jamie Dunkley8:45PM BST 04 Sep 2011US deputy attorney general James Cole has written to the Swiss government demanding that detailed figures relating to tax evasion at Credit Suisse and nine other smaller Swiss banks are sent this week.In the letter, which was quoted by Swiss newspapers, Mr Cole demands that Switzerland deliver a significant number of client accounts, adding that US authorities are ready to test a Swiss offer to settle the dispute under existing law.A long-term tradition of secrecy has helped Switzerland build up a $2 trillion (1.2 trillion) offshore financial industry. However, the country has agreed to do more to help hunt tax cheats in recent years amid a global crackdown on tax havens following the financial crisis.The US is pushing for Switzerland to replicate the stance it took last year when it allowed UBS to bend bank secrecy rules and reveal the details of around 4,450 clients to avoid criminal charges.The Sonntagszeitung newspaper quoted Swiss sources close to the talks as saying that Washington is seeking details of all US clients with accounts worth at least $50,000 between 2002 and 2010, at banks including Credit Suisse, private bank Julius Baerand Wegelin as well as the Zurich and Basel cantonal banks.

The Shaw Group Inc. was founded in 1987 as a fabrication shop in Baton Rouge, La., by Chairman, President and Chief Executive Officer J.M. Bernhard Jr. and two colleagues. Driven by leaders with bold vision and a strong entrepreneurial spirit, the company has evolved into a diverse engineering, construction, technology, fabrication, environmental and industrial services organization with 27,000 employees in strategic locations around the world.

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Shaw to Host Conference Call to Discuss Global Strategic Partnership Announcement

The Shaw Group Inc. (NYSE: SHAW) today announced it will hold a conference call today, Nov. 29, 2010, at 11 a.m. Eastern time (10 a.m. Central time) to discuss a new global strategic partnership. A slide presentation will be posted on the Investor Relations page of Shaw's website at approximately one hour prior to the conference call.

Interested parties may dial 1-800-588-4973 to listen to the conference call live or access a live audio webcast of the call on the Investor Relations page of Shaw's website at .

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Beijing Biomedical R & D Services 30% Annual Growth Rate - News - Business News

"Harvard Business Review," well-known columnist Stefan? Tuomu Ke had made this assertion: "In today's world there is a deep-seated problems: the economy is increasingly dependent on service and innovation process is still a product oriented. We have a lot of product development and improvement of the scientific method, but no set of strict and continuous service development process. "This, too, a biomedical industry in Beijing has been working on. R & D services, the way the Chinese biomedical industry Data, biomedical research and development services 80 originated in the early 20th century America. At that time the United States laws and regulations as the continuous improvement of Pharmacy Administration, New Drugs Increasingly strict examination and approval, resulting in the increasing cost of drug development, has also been extended period. In order to survive in the fierce competition and development, system Pharmaceutical companies For new drug development industr y to improve efficiency and reduce costs and risks to consider, some aspects of R & D process outsourcing part or all of the capabilities of external professional organizations or enterprises, thus gave birth to R & D services. With the rapid development of the industry, its services have been divided for the R & D engineering services, R & D services and R & D results service categories, and then covering the whole process of biomedical research. With the United States similar to the biomedical industry in China face the same biggest challenge is to find the most suitable for development of the perfect service system. With the global division of labor continue to refine innovative, new drug development in the field of innovation chain was significantly elongated. In order to achieve the optimal allocation of resources, new drug development chain has been divided into several areas, sub-specialization of different institutions to commence the study, respectively. That is, t he birth of a new drug is no longer as before R & D by a single agency, but rather the result of joint efforts of several professional organizations. Along with this new drug R & D model adjustments and changes, R & D services as a new industry, new drug development has been fully embedded into all aspects of the industry chain, the chain of innovation an integral and support. With this change, the Beijing Municipal Science and Technology Commission from a single enterprise, single-project support, to fully support the "standards-link" of the Industrial Innovation Alliance, a clear mechanism for such a system increasingly innovative strategies and steps, it is Beijing biomedical industry rise to the driving force for change. Based mechanism of institutional innovation ideas, the Beijing Municipal Science and Technology Commission found that the advance of biomedical research and development services is a measure of the degree of national and regional drug created an import ant sign of ability, plays in the innovation chain and support integral role, is also building enterprises as the mainstay of drug development are an important foundation and safeguard. Beijing Municipal Science Committee that "the level of R & D capabilities and service level of development is directly related to Beijing and even the overall level of China's new drug created to enhance." Innovative mechanism in the Beijing Science and Technology Commission under the guidance system of innovative ideas, ideas based mechanism of institutional innovation, conform to industry rules, starting from the market demand to attract and rely on domestic and foreign outstanding service enterprises and R & D agencies formation of bio-technology outsourcing services in China Union (ABO Union), in the areas of the capital development of biological medicine is playing an increasingly important role. "With industry alliance to promote the convergence of resources has become an important pro ducer services development work means. ABO Union, an important task is to form a complete chain services to multinational companies with the whole industry chain and dialogue, and enhance their own competitiveness, participation global division of labor. "Beijing Science and Technology Commission of the ABO The coalition aims to make a case of interpretation. Information, bio-technology outsourcing services in China Alliance (ABO) is now promoting the biomedical industry structure adjustment of China's major strengths. 10 years ago, China's biomedical industry completely rely on the manufacturing sector, and now, in Beijing, Shanghai and other developed areas of biological pharmaceutical industry, the integration of manufacturing and services increasingly apparent trend. In Beijing, biotechnology and new pharmaceutical industry promotion center (BPBC) Zhang Ze, deputy director of Industry appears: "Beijing as the national center of innovation, with leading technology and ri ch resources of clinical resources, has a proprietary technology with a number of R & D services and the relative focus on the Bureau of Pharmaceutical Affairs system, the service sector in the development of pharmaceutical R & D has a unique advantage. Because of this, Beijing will no doubt become the rapid development of China's pharmaceutical R & D service area representatives. "

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High Interest Current Accounts - Home

The GBP, USD and Euro financial institution accounts are for consumers who aspire to make and obtain repayments inside of a forex besides their native forex. Any time you generally do opportunity inside of a foreign markets, it's recommended that you simply open up a foreign currency account. You will not drop profit as there is no conversion charge. There are actually not a wide range of variances in concerning a standard account and foreign forex financial institution account. You will discover scores of benefits of possessing an offshore account. First of all, it enables you to fund short-term money flow needs. Those that have got an opportunity that offer with different currencies, this sort of account will suit your need to have. Importers and exporters can preserve overdrafts in foreign currency in numerous foreign currencies. Foreign forex overdraft is acceptable for consumers who aren't sure regarding the timing of the trade transaction. It offers a currency hedge by stopping you from having to deal with the fluctuation with the currency trade fee.

It is possible to open up the account in foreign entities this kind of as trusts and LLC. You will definitely be able to retain the privacy of your assets from third parties. Offshore banking institutions can be found inside a safe and sound authorities regime. Nobody will expose your personal specifics so your asset will definitely be guarded. Owning an offshore account can safeguard you from political risks likewise as forex dangers. It should take care of you from 3rd events that happen to be in search of to file a lawsuit towards you. You can have comprehensive protection against all kinds of finance risks.

It's not protected to help keep all of your revenue inside of a nearby bank account should your nation has political instability situation. Citizens which stay in unstable political countries be worried about their forex price dropping. When the forex value of your dwelling state drop significantly in a single day, many of the bucks you help save are going to be amounted to next to nothing. When you will not would like to have these types of trouble, you have to open up a foreign forex account and help save your finances in an other currency.

You will discover a multitude of expenses you have to pay for that foreign currency account. The expenses you've gotten to shell out vary from different banks. The qualification criteria for applicant within the GBP, USD, Euro accounts also fluctuate from totally different banking institutions. When signing up for the foreign currency account, you want to observe several method. There are actually some paperwork that you simply ought to put together when signing up to the offshore account. Many of the documents you need to furnish for opening the offshore account comprise identification, financial institution reference, board resolution, certificate of incorporation, financial institution account opening kinds, and verification of everlasting handle. The identification document have got to consist of your most current picture. You will use a passport or driving license as an identification document. The bank reference is often a confirmation letter you have a private finan cial institution account. The bank account opening kind needs to be stuffed with each of the essential answers and signed.

People are advised to open up an account with an offshore bank that's properly set up. You can easily do some research on the web and learn an inventory of respected banks that offer offshore banking products and services. Customers shall be offered which has a credit score card or debit card which they might use to withdraw financial resources. You have to locate a financial institution that provides using the web banking solutions to be able to accessibility your account for 24 several hours a day and seven days per week all the way through the yr. At any time you are certainly not familiar in the account opening treatment, it is possible to outsource to a certified business that specialize in opening company account.

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The way to select best bpo call Center Company - Business

It should collect the worthwhile option of marketing and recovery and meeting customer's requirement. A call center must have outstanding performance while rooting out all hurdles. Management should be reliable and customer centric accordingly. Their operation should be reliable and affordable.

BPO has strong hold through call center solutions. Apart of call-center management services, call center outsourcing offshore, call center software and other call center solutions who are giving services to offshore clients.

It is well known fact that "shops around and shuns pitfalls of under performance." It is advisable to review more and more companies who have the same kind of services. This can be done easily by R&D. It is recommended that people visit several call center-providing contacts before final selection. The fee for call center outsourcing must be in your budget without any obligations. It is advisable to scan various terms and restriction before agreement. Information is alleged to be a call center's most powerful tool. Outsourcing your call center projects, you can reduce your overhead expenses on human resource and its legal compliance.

Gaining high altitudes in call center services is not a joke. It can be achieved through rigorous efforts and applying best management practices. These practices may include call center training, best management practices, keeping customer feedback and quality assurance. These strategies will be boon for any developing call center. For the stronger base of the company, often outsource their projects for cost effective, competitive, and agile methodology.

Simply acquiring new customers is not enough to maintain a healthy bottom-line. In today's marketplace, the true value comes from the care, retention and growth of those acquired customers. You have invested a great deal to prospect and acquire these customers. Why not enhance the customer experience and at the same time increase your return on investment? Fostering and growing these relationships leads to expanding your customer base and enhancing your market position.

For more information on bpo call center, please go to : /

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Indian Call Center -Quality Services at Low Cost - Business - Outsourcing

Call center in India has the latest techniques and infrastructure that provide the effective call center services to the businesses as well as the organization. In addition they have skilled call center executives and the latest communication tools that ensure best services in the most economical manner. They have team of call center experts that are experienced and highly trained in the field. Some of the services of call centers includes Inbound call center services, outbound call center services and the web enabled services.

An important benefit of Call Center Outsourcing is that you can choose only those services that are required by your businesses. Moreover, you can immensely save on the cost of having a separate department for any particular service hence the call center services prove to be very cost effective. For the small businesses call centre helps to save the cost of full time assistant and for the large enterprises it saves the cost of establishing a separate team. Call centers in India provide the cost effective as well as high quality services within the time bound. Through call center outsourcing you can add to the revenues and minimize the loss via:

Enhanced customer relations- Inbound Customer Service of the call centers eliminates the wasted calls and renders quick access to the customers thus resulting in the improved relationship with them. This in turns add to the face value of your company and add the prospective customers, more deals, and ultimately more revenues. Call center software facilitates the same individuals to handle more and more calls, there is no need to hire additional personnel or have extra phone with the growing customer base. You can save up to 60% cost on the call center projects. You can have track of the number of calls you received each day and how many of them were resolved positively. Save the other expenses behind the operational cost.

Most of the call center in India offer free trial of their services giving you the option to decide after seeing their efficacy. They have world class infrastructure and are well equipped with the latest communication and IT equipments that help to give quality solutions at the lowest possible cost. It is very important to have happy and satisfied customers for both the growing as well as established businesses. Through the services of call center in India you can even conduct market research to get the idea of customer behavior and work accordingly.

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Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats - Business - Management

Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats

The US government has warned 10 Swiss banks, including Credit Suisse, that they must hand over confidential information exposing tax cheats by tomorrow or face legal proceedings.

A long-term tradition of secrecy has helped Switzerland build up a $2 trillion offshore financial industry. Photo: Alam

By Jamie Dunkley8:45PM BST 04 Sep 2011US deputy attorney general James Cole has written to the Swiss government demanding that detailed figures relating to tax evasion at Credit Suisse and nine other smaller Swiss banks are sent this week.In the letter, which was quoted by Swiss newspapers, Mr Cole demands that Switzerland deliver a significant number of client accounts, adding that US authorities are ready to test a Swiss offer to settle the dispute under existing law.A long-term tradition of secrecy has helped Switzerland build up a $2 trillion (1.2 trillion) offshore financial industry. However, the country has agreed to do more to help hunt tax cheats in recent years amid a global crackdown on tax havens following the financial crisis.The US is pushing for Switzerland to replicate the stance it took last year when it allowed UBS to bend bank secrecy rules and reveal the details of around 4,450 clients to avoid criminal charges.The Sonntagszeitung newspaper quoted Swiss sources close to the talks as saying that Washington is seeking details of all US clients with accounts worth at least $50,000 between 2002 and 2010, at banks including Credit Suisse, private bank Julius Baerand Wegelin as well as the Zurich and Basel cantonal banks.

The Shaw Group Inc. was founded in 1987 as a fabrication shop in Baton Rouge, La., by Chairman, President and Chief Executive Officer J.M. Bernhard Jr. and two colleagues. Driven by leaders with bold vision and a strong entrepreneurial spirit, the company has evolved into a diverse engineering, construction, technology, fabrication, environmental and industrial services organization with 27,000 employees in strategic locations around the world.

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Shaw to Host Conference Call to Discuss Global Strategic Partnership Announcement

The Shaw Group Inc. (NYSE: SHAW) today announced it will hold a conference call today, Nov. 29, 2010, at 11 a.m. Eastern time (10 a.m. Central time) to discuss a new global strategic partnership. A slide presentation will be posted on the Investor Relations page of Shaw's website at approximately one hour prior to the conference call.

Interested parties may dial 1-800-588-4973 to listen to the conference call live or access a live audio webcast of the call on the Investor Relations page of Shaw's website at .

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Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats - Business - Management

Shaw Capital Management Scam Info: US warns 10 Swiss banks to hand over information on tax cheats

The US government has warned 10 Swiss banks, including Credit Suisse, that they must hand over confidential information exposing tax cheats by tomorrow or face legal proceedings.

A long-term tradition of secrecy has helped Switzerland build up a $2 trillion offshore financial industry. Photo: Alam

By Jamie Dunkley8:45PM BST 04 Sep 2011US deputy attorney general James Cole has written to the Swiss government demanding that detailed figures relating to tax evasion at Credit Suisse and nine other smaller Swiss banks are sent this week.In the letter, which was quoted by Swiss newspapers, Mr Cole demands that Switzerland deliver a significant number of client accounts, adding that US authorities are ready to test a Swiss offer to settle the dispute under existing law.A long-term tradition of secrecy has helped Switzerland build up a $2 trillion (1.2 trillion) offshore financial industry. However, the country has agreed to do more to help hunt tax cheats in recent years amid a global crackdown on tax havens following the financial crisis.The US is pushing for Switzerland to replicate the stance it took last year when it allowed UBS to bend bank secrecy rules and reveal the details of around 4,450 clients to avoid criminal charges.The Sonntagszeitung newspaper quoted Swiss sources close to the talks as saying that Washington is seeking details of all US clients with accounts worth at least $50,000 between 2002 and 2010, at banks including Credit Suisse, private bank Julius Baerand Wegelin as well as the Zurich and Basel cantonal banks.

The Shaw Group Inc. was founded in 1987 as a fabrication shop in Baton Rouge, La., by Chairman, President and Chief Executive Officer J.M. Bernhard Jr. and two colleagues. Driven by leaders with bold vision and a strong entrepreneurial spirit, the company has evolved into a diverse engineering, construction, technology, fabrication, environmental and industrial services organization with 27,000 employees in strategic locations around the world.

shaw capital management, shaw scam info, internet scam news, shaw capital management news, shaw capital scam information,shaw capital management scam prevention news, shaw capital fraud and boiler room reports, shaw capital management scam info

Shaw to Host Conference Call to Discuss Global Strategic Partnership Announcement

The Shaw Group Inc. (NYSE: SHAW) today announced it will hold a conference call today, Nov. 29, 2010, at 11 a.m. Eastern time (10 a.m. Central time) to discuss a new global strategic partnership. A slide presentation will be posted on the Investor Relations page of Shaw's website at approximately one hour prior to the conference call.

Interested parties may dial 1-800-588-4973 to listen to the conference call live or access a live audio webcast of the call on the Investor Relations page of Shaw's website at .

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