Financial flows to offshore financial centers, when properly managed, can contribute to economic growth
OFFSHORE FINANCIAL centers (OFCs)—which specialize in supplying financial services to nonresident companies and individuals in exchange for low taxes, stability, and secrecy—are under scrutiny, whether they like it or not.
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http://www.imf.org/external/pubs/ft/fandd/2011/06/Gonzalez.htm