:star: OFCs play a significant role in mobilizing international capital flows
:star: the main reason for low income tax rates and often zero tax rates are to attract foreign capital/investor.
:star: locations such as Bahamas, Hong Kong, Jersey, Panama, and etc offers limited or no government intervention in the activity of legitimate business owners,banking & financial institutions.
:star: the list of jurisdiction considered by the IMF to be OFCs is mostly are current or former British colonies or Crown Dependencies.
:star: The locations are considered as major destinations are:
Bahamas, Bermuda, British Virgin Island, Cayman Island, Jersey, Luxemborg, Singapore, Hong Kong, Mauritius, Panama, NZ, Switzerland