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Pribraltar: Difference between revisions
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===Banking sector=== | ===Banking sector=== | ||
Pribraltar is a major {{wp|offshore financial centre}} with privacy, taxation, and entity-formation policies highly favourable to foreign customers. The island's banks shelter an enormous amount of international wealth, the majority of which is estimated to come from [[Caphirian]], [[Kiravian]], and [[Capetian]] sources. | Pribraltar is a major {{wp|offshore financial centre}} with privacy, taxation, and entity-formation policies highly favourable to foreign customers. The island's banks shelter an enormous amount of international wealth, the majority of which is estimated to come from [[Caphirian]], [[Kiravian]], and [[Capetian]] sources. During the[[Kiravian Civil War]] and subsequent [[Kiravian Sunderance]], Pribraltar was a major destination for {{wp|capital flight}} from the [[Kiravian Union|socialist Mainland]], and served as a major three-way conduit for the flow of capital and profits among Caphiria, the Cape, and the Kiravian Remnant. Much of the wealth of the Caphirian elite is believed to be held in Pribraltarian bank accounts, often through {{wp|shell corporations}} and opaque, untaxable "charitable" trusts organised under the island's laws. | ||
Pribraltar-based banks were banned from operating in [[the Cape]] until the 1990s and remain barred from the Caphirian mainland, though they can (and do) maintain branches in Caphirian overseas | Pribraltar-based banks were banned from operating in [[the Cape]] or serving private Capetian citizens until the 1990s, and remain similarly barred from the Caphirian mainland, though they can (and do) maintain branches in Caphirian overseas possessions and provinces such as [[Escal]]. | ||
===Public Finance=== | ===Public Finance=== | ||