NPR : News

NYT Excerpt: Offshore Banking In Belize

This week in The New York Times Magazine, Adam Davidson opens a hard-to-trace offshore company in Belize, which turns out to be a piece of cake:

"Setting up the company was a lot cheaper than I expected. A&P charged $900 for a basic Belizean incorporation and another $85 for a corporate seal to emboss legal documents. For $650 more, A&P offered to open a bank account to stash my fledgling operation's money in Singapore — a country, the Web site also noted, that 'cannot gather information on foreigners' bank accounts, bank-deposit interest and investment gains under domestic tax law.' And for another $690, it offered to assign a 'nominee' who would be listed as the official manager and owner of my business but would report to me under a secret power-of-attorney contract. Then an A&P associate asked me to fill out the incorporation information online, just so she wouldn't type in anything incorrectly. The whole thing took about 10 minutes."

Read the full column to find out what happened next, and why offshore companies are so popular — and so hard to monitor. And we'll have more soon on setting up our own offshore company.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

'We're Mostly Republicans': New Hampshire Voters Explained By 'Our Town'

After NPR's Bob Mondello used The Music Man to help explain the Iowa caucuses, he wished there was a musical of Our Town so he could do the same for New Hampshire. It turns out there is one.
NPR

Gulf Of Mexico Open For Fish-Farming Business

For the first time, companies can apply to set up fish farms in U.S. federal waters. The government says the move will help reduce American dependence on foreign seafood and improve security.
WAMU 88.5

What's Behind Trends In U.S. Violent Crime Rates

Violent crime rates in the U.S. have dropped dramatically over the last twenty years, but FBI data suggest there was a slight uptick in the first half of last year: What led to the remarkable long-term decline in violent crime in the last two decades in U.S. and prospects the trajectory can continue.

WAMU 88.5

Blocked: Twitter's Role In Combating Violent Extremism

Over the course of seven months, Twitter has suspended over 125,000 accounts for threatening or promoting terrorist acts.

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