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post #7 of Old 10-19-2012
Zanshin
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Re: Howto: Register your boat in the BVI

That's how the BVI funds itself - IBCs and offshore banking. The whole system is immensely profitable and controlled by a few belonger families. The over half a million IBCs, each raking in at least these minimal fees and most incurring more fees plus carrying balances in local bank accounts, give a tax revenue base that is second only to tourism and is not as fickle or unpredictable.


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