Offshore

Britain could be forced to bail out one or more of its offshore tax havens at huge cost, according to early drafts of a Treasury report, because the economic crisis has wrecked their finances, according to the Guardian.

Offshore investors who were wrongly advised and have "accidentally" avoided paying tax will not be hit by fines as part of a Government crackdown.

Barclays Capital has launched two new deposit accounts as part of its latest 'Structured Deposit series for Offshore Bonds' product offering.

The Treasury should support the continued operation of offshore financial centres, according to the Association of Investment Companies (AIC).

Tax cheats who owe the Exchequer more then £25,000 are to be named, shamed and blacklisted by the Government in a further bid to crack down on tax evasion.

The Government has announced legislation to restore the non-payable dividend tax credit for offshore funds which are largely invested in equities.

Clerical Medical has rolled out an offshore illustration service for advisers, which will allow them to generate quotes more easily.

Clerical Medical has rolled out an offshore illustration service for advisers, which will allow them to generate quotes more easily.

Gordon Brown is spearheading a crackdown on 'tax havens' by the world's wealthiest nations.