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Abstract: 

“Over the last twenty years, startling advances in technology and the telecommunications revolution have made it easier to access offshore facilities–so much so, that today’s offshore industry has developed a major global business, spanning all quarters of the world, involving, in one way or another, approximately half of the world’s financial transactions by value.” More than 150,000 offshore corporations are formed each year. During the year 2000, around 80,000 offshore companies were incorporated in the Caribbean islands alone.

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Affiliations:  1: Conklin, Murphy, Conklin & Snyder.