by Simon Black
“Offshore”. It’s practically a dirty word now. The O-word.
The mere concept of “offshore” is automatically associated with criminal activity, tax evasion, and terror financing.
Consider the notion of offshore banking.
The immediate image that comes to mind is some moustache-twirling billionaire tax cheat hiding his ill-gotten gains in a nefarious island bank.
The media crusade over the Panama Papers only reinforces this absurd stereotype.