Matches in DBpedia 2016-04 for { <http://wikidata.dbpedia.org/resource/Q205181> ?p ?o }
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- Q205181 abstract "An offshore financial centre (OFC), though not precisely defined, is usually a small, low-tax jurisdiction specializing in providing corporate and commercial services to non-resident offshore companies, and for the investment of offshore funds. The term was coined in the 1980s. Academics Rose & Spiegel, Société Générale, and the International Monetary Fund (IMF) consider offshore centres to include all economies with financial sectors disproportionate to their resident population:An OFC is a country or jurisdiction that provides financial services to nonresidents on a scale that is incommensurate with the size and the financing of its domestic economy.Academics opt for a similar definition focus on the non-resident business and cross-border elements:An offshore financial centre may itself be defined as a regime which has chosen as a main or important path to development, legislative, financial and business infrastructure which is more flexible than orthodox infrastructure and which caters more specifically, and often exclusively, to the needs of non-resident investors ... this legislative framework includes innovations in trust, banking, fiscal, insurance, financial and company law.".
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