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Chinese government policy promotes Hong Kong's position as a yuan offshore center.
Over the last few years, China has viewed London as an important renminbi offshore center.
Another increase is expected next January, which some see as a threat to Madeira's future as a corporate offshore center.
One packaged-software company based in the United States had a strong bias toward locating an offshore center in India.
"The U.S. has become very attractive for nondeclared clients, and New York has been developing as an offshore center, as has London".
In Hong Kong, the biggest offshore center for renminbi banking, deposits of the Chinese currency peaked in December 2014 and have since fallen by a third.
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Mr. Shane predicted that "offshore centers as we know them are going to disappear".
The 30-member OECD sets standards for offshore centers, but has no policing powers.
Both Ms. Gillard and Mr. Abbott say they will slow immigration and return to using offshore centers for asylum-seekers.
Then, earlier this month, Ohio's state government announced a ban on the outsourcing of state technology projects to offshore centers.
Spain is taking steps to limit its citizens' use of offshore centers, too, at least without full disclosure.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com