Internal Revenue Service Commissioner Douglas Shulman said projections that the US loses $US100 billion annually to offshore tax havens are "wild estimates" that "don't have much basis".
Here we list who has moved where in another busy week in the offshore sector.
Nearly nine in ten British expats believe they are better placed to weather the global recession abroad, then in the UK, according to new research.
Nicola Horlick's Bramdean Alternatives is opposing plans proposed by one of its largest investors to wind up the investment fund.
Switzerland is the favourite home of wealthy, international mobile people but London has taken a hit in playing host to non-domiciles due to the Government's 'aggressive' fiscal moves to penalise the mobile wealthy community, according to Scorpio Partnership....
Guernsey has bolstered its relationship with the US political establishment which now views the island more favourably than before according to Lyndon Trott, Guernsey's chief minister.
A group of expat pensioners will take their case demanding the unfreezing of their pension income by the UK Government to the European Court of Human Rights (ECHR).
Ignis is making its range of international funds available through the Allfunds Bank platform as it hopes to tackle Italy and Spain as core target markets.
Pensioners retiring in seven of the twelve most popular destinations for UK expats will have their state pension frozen at the rate when they first started drawing it, according to Alliance & Leicester International (ALIL).
The UK Government's "prejudiced" view of offshore centres and its general misunderstanding of the industry could harm London's position as the international finance capital, ex shadow chief secretary to the Treasury Howard Flight warns.