Governments are extending their tentacles into more and more aspects of people’s lives. As professionals in Offshore Financial Centres know all too well, they are undermining long traditions of banking privacy with international data sharing agreements. Lawyers and accountants are increasingly forced to reveal details of clients’ activities to public officials. And perhaps most worrying of all, states are engaged in the mass surveillance of their citizens, monitoring all manner of activity from e-mails and phone calls to financial transactions.
Dr Richard Wellings details why OFCs must resist bullying tactics from the US and EU and seek to retain their long-held traditions of respect for private property and financial privacy.
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