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Offshore Banking - Explained
As tax evasion comes to the forefront of inter-government discussions as a result of the recent economic downturn and national attempts to pin down significant tax payments, many entrepreneurs are questioning how they can conduct tax-efficient international business in compliance with the law. Offshore banking can provide an ideal solution for many entrepreneurs and this article provides a simple understanding of what offshore banking is, the benefits and risks involved and various legal implications.

2.1.1 Poor outputs, limited impact
During the 1970s, there was considerable optimism among policymakers, donors and researchers about the potential impact of vocational training on productivity and incomes for the poor.

IV. C. Private Contractors and Builders: THE ROLE OF THE PRIVATE SECTOR
Private Chinese companies compete actively for construction contracts in Africa. When Chinese companies first entered the market, they tended to be large and state-owned (e.g., China Overseas Engineering Corporation, China Roads and Bridges Corporation, China Railway Construction Corporation, and Harbin Power Corporation).
VI. NEW CHALLENGES FOR SOCIETIES AND DEVELOPMENT ASSISTANCE
The current ICT-centred technological revolution, of which the Internet is but one manifestation, is reshaping not only the sphere of economic organisation but also, and relatedly, the sphere of social relations. The impact is likely to be at least as great in developing countries as in OECD ones.
III.c. Linking into B2B Supply Chains: E-COMMERCE AND SMALL ENTREPRENEURS
For countries undergoing rapid structural transformation, the expansion of industrial employment still holds vast potential for raising living standards of the poor. To what extent can the Internet and e-commerce serve to raise productivity and competitiveness in the industrial sectors of developing countries?
I. INTERNET AND THE DIGITAL ECONOMY
The past few years have seen an explosion of attention to the role played by information and communications technology (ICT) in shaping the global economic landscape (OECD, 2000a)1. On the supply side, contributing factors include the development and introduction of new and improved products through firm-level investments in R&D and innovation, the ready availability of venture capital funds for investments in ICT, the development and rapid growth of new products/services segments, and the general shift towards services
Human Capital Formation by MNEs and Domestic Firms: Determinants of Enterprise Training
It is a general understanding that firms in general underinvest in training in both developing and developed countries (Batra and Tan, 2002; OECD, 2003; OECD, forthcoming).
Preface: HUMAN CAPITAL FORMATION AND FOREIGN DIRECT INVESTMENT IN DEVELOPING COUNTRIES
The main theme for the programme of work 2001-2002 at the Development Centre was Globalisation and Governance. Multinational enterprises (MNEs) are a key actor of globalisation and also raise numerous governance issues. Accordingly, their role in poor countries has always interested the development community

Other OECD Related Articles

Privatisation: A Challenge for Sub-Saharan Africa
Thirty-eight sub-Saharan African countries have implemented privatisation programmes, following the mid-1980s pattern in the OECD countries: privatisations of small and medium-sized enterprises in the early 1990s; and larger enterprises, including, companies in the utilities sector, by the mid-1990s.
Export Subsidies by Developed Countries: Barriers to African External Trade
While advocates of liberalization in the economies of the developing countries have called for reduction in subsidies, the high levels of subsidies in developed countries have increased significantly especially in the OECD countries.
Human Capital Formation by MNEs and Domestic Firms: Determinants of Enterprise Training
It is a general understanding that firms in general underinvest in training in both developing and developed countries (Batra and Tan, 2002; OECD, 2003; OECD, forthcoming).
Preface - E-COMMERCE FOR DEVELOPMENT: PROSPECTS AND POLICY ISSUES
The OECD has been a pioneer in addressing the challenges and opportunities of electronic commerce and the digital economy in the industrialised countries. It is natural then that the Development Centre should assess the scope for e-commerce in developing countries. But like the sailors in the strait of Messina, the research should avoid at once the scylla of technological pessimism — seeing an inevitably widening “digital divide” between industrialised and developing countries — and the charybdis of exaggerated claims about the Internet’s potential to resolve a host of development problems that have heretofore proved intractable.
I. INTERNET AND THE DIGITAL ECONOMY
The past few years have seen an explosion of attention to the role played by information and communications technology (ICT) in shaping the global economic landscape (OECD, 2000a)1. On the supply side, contributing factors include the development and introduction of new and improved products through firm-level investments in R&D and innovation, the ready availability of venture capital funds for investments in ICT, the development and rapid growth of new products/services segments, and the general shift towards services
III.a. B2C E-Commerce: E-COMMERCE AND SMALL ENTREPRENEURS
To date, much discussion has focused on B2C applications for OECD entrepreneurs, but there is growing evidence of a significant potential for developing countries, notably artisans in traditionally low technology sectors.
VI. NEW CHALLENGES FOR SOCIETIES AND DEVELOPMENT ASSISTANCE
The current ICT-centred technological revolution, of which the Internet is but one manifestation, is reshaping not only the sphere of economic organisation but also, and relatedly, the sphere of social relations. The impact is likely to be at least as great in developing countries as in OECD ones.
Training and the Poor: Learning to change
This paper explores the role of training in assisting individuals who are economically vulnerable and socially excluded (EVSE) in developing countries. Roughly speaking, almost one in four of the population in the developing world lives in absolute poverty and this number continues to increase rather than decrease. Poverty reduction is now at the top of the policy agendas of most bilateral donor agencies and international development organisations within and outside the United Nations system as well as a growing number of governments. Ambitious targets to halve poverty by 2015 have been set by the Development Assistance Committee of the OECD (see UNDP, 1998; OECD, 1997).

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