07/07/2021
It has been well documented that public trust in the travel industry is at an all-time low following the demise of Thomas Cook in September 2019, and more recently because of the global pandemic that has disrupted travel so severely.
07/06/2021
The words ‘competitive advantage,’ or ‘competitiveness’ when applied to a financial sector, are clear warning signals for those of us who look closely at these things.
07/06/2021
It is a similar positive story for the Guernsey Open Market, where the 37 transactions recorded by Unusualities of Guernsey for the second quarter is only bettered, in recent years, by the fourth quarter of 2020 (43).
07/06/2021
The banking giant said customers will no longer be able to make credit or debit card payments to the crypto exchange following its ban by the FCA last week
07/05/2021
Pillar One of the agreement is a significant departure from the standard international tax rules of the last 100 years, which largely require a physical presence in a country before that country has a right to tax.
07/05/2021
The JFSC has just announced that, from 15 July 2021, or 17 January 2022 for existing funds and Jersey investment businesses, new disclosure requirements will be introduced into the Codes of Practice for Certified Funds
07/05/2021
Jersey’s finance industry has always been ready to evolve to meet new international norms and changing regulatory standards and it has done so effectively in the past.
07/05/2021
The new trust law, due to be published for consultation this summer following approval, will make it possible to settle a trust in Switzerland under Swiss law.
07/02/2021
All partnerships, irrespective of formation date, will be required to notify the Tax Information Authority on or before January in each year of their operations in the jurisdiction during the prior year.
07/02/2021
As with companies, the Regulations do not apply to collective investment vehicles structured as partnerships, unless they are self-managed.
07/02/2021
Pillar Two seeks to put a floor on competition over corporate income tax, through the introduction of a global minimum corporate tax rate that countries can use to protect their tax bases.
07/02/2021
The Authority is currently investigating whether Binance, the Binance Group, Binance Holdings Limited or any other company affiliated with this group of companies has any activities operating in or from within the Cayman Islands
07/02/2021
It is settled law nowadays that this principle also extends to discretionary trusts, at least where the beneficial class is closed.
07/02/2021
The 1 January 2020 retroactive effective date for the anti-hybrid rules is causing concern for taxpayers and their advisors.
07/02/2021
Cayman Islands restructuring provisional liquidation is a powerful debt restructuring tool.
07/02/2021
The following rules will continue to apply notwithstanding any provision to the contrary in the articles of association of the relevant company
07/01/2021
We anticipate the biggest impact will be on the private equity industry, as well as other parts of the investment management sector that make common use of partnerships
07/01/2021
The topic has never been more pertinent, with continued regulatory and investor focus on ensuring robust fund governance.
07/01/2021
The Minister for External Relations also intends to make an Order specifying the jurisdictions to which this change will apply, based on the outcomes of mutual evaluation reports carried out against the FATF Standards.
07/01/2021
The introduction of these changes send a clear message that the Isle of Man is a responsible and responsive jurisdiction committed to following international financial standards.