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IIRCC, there is a single building in Grand Turks that is home to several hundred corporations, one of which the Houston, Texas former billionaire felon Stanford owned. Enron had SPVs there. Others are there for tax purposes. An international corporation will show the majority of its profits as originating out of a file cabinet in that building in Grand Turks so as to shelter them from taxes in real countries, etc.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat May 14th, 2011 at 09:47:05 AM EST
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