The design and application of Double Taxation Treaties (DTTs); the operation of the international tax system; the systems of tax-cutting and financial deregulation; the existence of tax havens, off-shore funds
and accounts; the practices of corporate tax dodging; the half-hearted strategies aimed at addressing these injustices such as the Organisation for Economic Co-operation and Development (OECD) led investigation on the 'base erosion and profit shifting' (BEPS) process; and the activities of Multi-National Corporations (MNCs); to name but a few, are some of the ways the globalisation project has been conceptualised to undermine any real chance for African countries to meet the United Nations Sustainable Developments Goals (SDGs) and targets.'
While the Queen is not personally involved in investments, the off-shore funds
could have been used to avoid taxes, according to the (http://www.bbc.com/news/uk-41878305) BBC Sunday.
A large number of people who made disclosures, alongside the size of the sums of money involved, will re-focus Revenue's attention on off-shore funds
But Geoff Thomas, another of the Crickhowell traders who took part in the BBC programme, believes questions may emerge over whether Mr Cameron's family was able to send him to Eton and Oxford because of wealth they enjoyed through off-shore funds
As regards Oberoi, the newspaper alleged that while the group does disclose the names of a couple of such off-shore funds
, but one set up in the Bahamas has not been divulged.
A statement issued by Number 10 went further, stating: "To be clear, the Prime Minister, his wife and their children do not benefit from any off-shore funds
He insisted that he has "no shares or off-shore funds
", but would not answer directly whether his family had benefited from offshore Blairmore Holdings in the past or in the future.
An emerging trend has seen various off-shore funds
and key institutional players turning to investments in core commercial assets.
Tweedy, Browne handles over $14 billion for individuals, institutions, partnerships, off-shore funds
and mutual funds.
The team currently provides research for off-shore funds
including Indian equities and BRIC equities.
Saudi-based Al-Rajhi Capital recently launched a Luxembourg-domiciled fund to invest in Saudi equities aiming to tap demand for off-shore funds
, the head of its asset management division said.