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From the Managing Director's desk

Nude banking - LAVECO Newsletter 2015/3.
Ever since people started getting their hands on more and more fantastic smartphones, many users have felt the need to use them not just as telephones, but for capturing every moment for prosperity. It is now possible to take photos or videos anywhere, at any time and of any body. The human race now takes billions of pictures of itself every day, and selfies by the ton. Selfies in innumerable places, poses and situations. And, if we are talking about people, then naturally some clothed, and some unclothed. Among the youth of today, taking naked selfies and sending them to a boy- or girlfriend is extremely widespread, often resulting in the pictures being shared on the internet soon afterwards. This is the modern era, the internet world, far from the age of Victorian morals, when even a table leg had to be hidden by a specially designed cover.
Preface - LAVECO Newsletter 2015/2.
This, the second edition of the LAVECO Newsletter in 2015, is inextricably linked to our first offering of the year. We are delving a little further into the explanation of the changes likely as a result of the signing of the tax information exchange agreements. We concentrate on the active steps which can be taken in stead of passive resistance. Our leading article offers numerous thoughts on this, which could be considered as an instruction manual on what is worth doing.
Offshore 2.0
A new era is beginning in the world offshore market. Just like in the life of a software when a new version overwrites the previous one.
Putin and the international exchange of tax information
Putin won, Putin wins, Putin will win?... Time Magazine, one of the world’s most prestigious publications, has chosen the year’s most influential person. To be precise, he was not chosen, but voted for.
Will the world be different without offshore structures?
The short and sweet answer to this is no :). And why not? Because the origin of all of the terrible sins mentioned in the same breath as offshore structures lies not in the system, but in human nature itself, which has remained unchanged for thousands of years. The desire for profit (which is totally natural) has been with us since time immemorial, with everyone wanting to win, and making use of whatever tools are necessary to do so. One such „tool” is offshore, even though this has now become something of a swear word.
Preface - LAVECO Newsletter 2015/1.
The first edition of the LAVECO Newsletter in 2015 kicks off with a question which has been troubling a lot of people: Will the world be different without offshore structures? The article is at the same time a little provocative, and also artificial, as this whole thing is not going to end, though it will go through some changes. Our article provides an interesting addition to the answer which we started writing in this Newsletter years ago.
Won’t it be any easier next year either?
My colleagues at LAVECO will probably have a little smile on their faces when I begin my Christmas toast this year. It must seem a little clichéd when the analysis of the year begins like this: “We are coming to the end of what has been a difficult year, and I don’t expect the next one to be any easier.” Clichéd or not, I have had no choice but to draw the same conclusion for a number of years now: our industry has hit a period of turbulence, and it is unlikely that we will find more favourable air for a while yet, so we can expect the “plane” to be buffeted about for some time to come.
Old thieves, new thieves…
I must admit that I don’t like reading articles that you can’t make head or tail of. The whole thing seems chaotic and it is impossible to see the logical train of thought of the author. Having said that, this particular article is going to start way back with Adam and Eve and will then be full of hazy theoretical tracts, but believe me, dear reader, it won’t be for this reason that your brow will be furrowed by the time you reach the end of the article.
So what will offshore companies be good for, if all money will be “white”?
Anyone who has not come across the difficulties in the opening and operating of bank accounts for foreign companies – and I’m not just speaking about offshore companies here – in recent years has either been as fast asleep as Sleeping Beauty or simply has not needed a bank account.
The end of offshore: repeated ad nauseam
No, the end is not here. It’s still not here. No matter how much they’ve tried to scare us over the last 20 years, saying that this year will be the last, the end hasn’t arrived in the last 2 decades, and 2014 won’t bring about that change either. Of course, the end of one era is upon us; one thing is crystal clear, and that is that what we saw over the last 20 years definitely won’t be seen in the next 20: the era of financial freedom.
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