Asia Offshore Association Conference

September 29, 2008 International Finance  No comments

The 21st to the 23rd of September saw the Asia Offshore Association conference come to Hong Kong.

The Conference consisted of 100 delegates from over different 20 countries, Abaconda Management Group was present with two delegates. The keynote speaker for the event was David O’Rear, Chief Economist of Hong Kong General Chamber of Commerce. Other international speakers came from Austria, Hong Kong, Italy, Austria, Seychelles and USA.

Topics at the Asia Offshore Association Conference included banking and investments in globalized economy especially in Asia-Pacific region, the Asian economy in global context and offshore business activities.

There was also a strong focus on differentiating the genuine activities of offshore investing with the less savory forms of tax evasion that take place. One attendee was quoted as saying that the conference held a sense of shared global responsibility to prevent using offshore structures and bank accounts for tax evasion and money laundering. Within this theme there were speakers on the topics of collaboration of regulatory and tax authorities, tax planning in global market, and the needs of multi-jurisdiction banking.