The alternative offshore awards: an idea whose time has come?

FSMFrom the Financial Secrecy Media Monitor:

“Thanks to a promoted tweet from Jersey Finance comes news of the International Fund & Product Awards 2014, in which Jersey won the Best International Financial Centre award.  Other winners were Standard Bank Offshore Group for Best International Banking Service and BNP Paribas – currently awaiting a billion dollar settlement for sanctions violations in the US – who were “highly commended” as Best International Fund Group.

Since the offshore industry seems to regularly give itself awards, perhaps an alternative annual prize ceremony could be organized, inspired by The Intruders and their award for “innovation in interest rate manipulation” given to Barclays in 2012.

Some first ideas for award categories:

– Dodgiest offshore citizenship scheme

– Most creative registration of intellectual property for tax purposes

– Pseudo-academic offshore PR campaign of the year

– “We are not a tax haven” denial of the year

– Special achievement in profit shifting by a multinational

Maybe Bill Nighy could emcee?

The Public Eye awards (latest winner: Gazprom, achieving the remarkable feat of beating FIFA) is perhaps the closest we have to such a thing, though offshore is only one of a range of things they look at. We’d do it, but we aren’t exactly bursting with spare human capacity over here at TJN Towers. Anyone want to give it a go?

Related Posts

New estimates reveal the extent of tax avoidance by multinationals

Price Waterhouse CoopersNew figures published today by the Tax Justice Network provide a country-level breakdown of the estimated tax losses to profit shifting by multinational companies. Applying a methodology developed by researchers at the International Monetary Fund to an improved dataset, the results indicate global losses of around $500 billion a year. The figures appear in a […]


Banking Secrecy in China, its related territories and Taiwan

Hong Kong from Sky 100Foreword. The Tax Justice Network is a non partisan network of experts working towards transparency, so we do not take any position about countries’ territorial and political claims. However, we do expect countries with a de jure (legal) or de facto (in practice) influence over other territories, to take responsibility for their power. We point […]


Is tax avoidance at the heart of Ireland’s economic miracle?

AIB International Finance Centre Dublin - By Estoy Aquí (Own work) [GFDL ( or CC BY 3.0 (], via Wikimedia CommonsComing out of the economic crisis Ireland was one of the best performing economies, with GDP growth rates of 8.5% in 2014 and an extraordinary 26.3% in 2015. But how much of this economic activity was real, and how much a fiction created by Ireland’s tax haven status? A new paper by Heike Joebges of the University […]


New Report: HMRC’s “Building our Future” programme

bigben-mcbigbenfaceYesterday the Tax Justice Network was in the UK Parliament to launch a report it co-produced with the Public and Commercial Services Union. The report, entitled “HMRC, Building an Uncertain Future” is a study of HMRC’s (the UK tax authority) reform plans which it is calling “Building our Future”. The report published yesterday analysed the […]


Financial secrecy in football: time for action

bigben-mcbigbenfaceEveryone has known for years that football is rotten to the core and financial secrecy is at the heart of the problem. Why then is no one doing anything about it? This post from the Offshore Game project originally features in the Independent. 


Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top