New year, new thoughts! The leading article of the first edition of the LAVECO Newsletter for 2017 analyses the trends in the international company industry with regard to both consumers and service providers. We draw your attention to 3 significant moments in each case which will define the year. 2017 will be the year of purges on both sides, with clients and the service providers who serve them being affected.
25 years ago it was similarly autumn in Budapest, with lovely warm days. On September 16th 1991, the day we signed the foundation documents of LAVECO Kft., there were two things which we had absolutely no idea about.
As I am writing these words, a relatively short article has just appeared on the international internet portals: the IT specialist who is believed to have downloaded the offshore details from the server of the company Mossack and Fonseca and handed them to journalists has been arrested in Switzerland.
Anyone who has read the lines, and more significantly between the lines, of the last 3 Newsletters will already have realised what I would like to summarise in this article: “offshore” is definitely not dead, and certain structures formed earlier should by no means be thrown away, or rather there is no point or benefit in establishing new ones. However, there are situations where it is worth making a fresh start, and heading into the new year with a clean slate.
This edition will be slightly different from normal. In a rather long leading article I summarise the messages of the 3 previous Newsletters in a different format and with additional content. If you read it all, then it becomes clear: this article does not merely combine the content of 3 editions, but by analysing the most important developments of the last 15 years brings us up to the current situation. The start of the automatic exchange of information in 2017 is now relatively close. At the same time, there is a lot of uncertainty, even among the banks „operating” the system. Even today, the experts can not say exactly what is going to happen and how. There are many questions to which we receive the answer: this may well change in the future. So it is very difficult to see the future clearly, and to offer a certain and definitive opinion.