Word: irelands
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Where will they - and their cash - go? They have plenty of options. Guernsey, Ireland, the Isle of Man, Jersey, Luxembourg, Monaco and Switzerland all boast no or low taxes for expats, and are all less than a three-hour flight from London. Cast the net wider and there are dozens of countries offering perfectly legal perks and breaks to attract tax exiles. There are more than 45 recognized tax havens, holding up to $7 trillion in assets, and these numbers are growing. According to the Boston Consulting Group, the number of households with assets of $1 million or more swelled...
...along Catholic-Protestant lines. Many Catholics see Belfast shipbuilding as an exclusively Protestant industry, in which discrimination was endemic. In one notorious incident back in July 1920, a Protestant mob drove Catholic employees out of the Harland and Wolff shipyard, beating them with sticks. Fifty years later, as Northern Ireland's Troubles were dawning, only 400 of the shipyard's 10,000 employees were Catholic. That's one blot on the Titanic legacy developers know can't be erased by a T-shirt...
...grasp the extent of Belfast's tourism appeal during the three decades of the "Troubles," one only had to visit the Europa. Its status as the world's most bombed hotel underlined the fact that, for over 30 years, Northern Ireland's capital was a tourism desert. Today, Belfast's hostelries are packed with visitors as the city reaps the rewards of political stability. But as Northern Ireland's politics change for the better, Belfast is going through an image crisis. No longer defined by bomb blasts and sectarian strife, the city is reaching for new, peaceful symbols...
...Queen's Island that the iconic liner was designed, built and launched. And the now rusting shipyard is the proposed site of the "Titanic Quarter," a shiny new residential and business district on the edge of Belfast Lough. The 185-acre development is the biggest regeneration project in Northern Ireland's history and would be the largest waterfront redevelopment in Europe. Its centerpiece would be the Titanic Signature Project (TSP), a tourist facility dedicated to the ship's construction. Developers estimate the TSP will draw 400,000 visitors each year, which would make it Northern Ireland's most popular urban...
...rival contenders last October. If the project is to be completed by the 2011 deadline - the centenary of the Titanic's launch - those missing millions, just under a third of the TSP's estimated cost, will have to be gathered at a rate of knots, largely from Northern Ireland's private sector. "Belfast people can be hard to impress", says Ambrose. "But the TSP will rival the best attractions in the world. After 30 years of bad press, that's a huge step for this city...