04/18/2019
New economic substance laws 'further enhance Guernsey's standing on the world stage'
Under the new laws, tax-resident companies will need to satisfy an economic substance test of three parts.
Regulation, Risk & Compliance
04/18/2019
More legislation planned to keep Cayman compliant
The bill will deal with securities that were previously of unregulated, such as a Cayman subsidiary of a parent company located in another jurisdiction, which was excluded from the law on the basis that the parent company was regulated in its home jurisdi
04/18/2019
Jersey risks being blacklisted by the EU again
States Members will be asked to vote on four different changes to the law
04/18/2019
Public consultation launched on securities law amendments
The Securities Investment Business (Amendment) Bill, 2019, seeks to introduce a regulatory and supervisory framework for excluded persons.
04/18/2019
Rebrand of Jordans Group to Vistra Now Complete
With the inclusion of legal services through Vistra Corporate Law
04/18/2019
Butterfield Streamlines Group Operations
The Bank also effected an early retirement scheme in Bermuda, under which retiring employees responsibilities will be reallocated within existing operations locally and internationally to foster improvements in operating efficiency.
04/18/2019
St. Maarten: Changes to laws being made to combat listing as money-laundering jurisdiction
The US is a founding member of FATF, the international financial crimes watchdog that also works in conjunction with OECD on tax avoidance and tax fraud related matters.
04/17/2019
Mauritius puts India-focussed funds, others under its regulatory lens
The increased scrutiny is pushing back timelines and jacking up costs of setting up India-focussed funds in Mauritius
04/17/2019
Cayman accountants’ body signs agreement with ACCA
Mohammed said ACCA aims to work with CIIPA to build capacity within the accounting and auditing professions both in the private and public sector.
04/17/2019
Bahamas Needs ‘Ability To Pay’ Taxation System
Speaking after the International Monetary Fund renewed its call for a “a comprehensive review” of the Bahamian tax system following the latest Article IV consultation with the government
04/17/2019
Channel Islands Economic Substance Laws A Positive For Islands
Under the new laws, tax-resident companies will need to satisfy an economic substance test of three parts.
04/17/2019
How Can Individuals Move To Switzerland And What Will Their Basis Of Taxation Be?
Switzerland is divided into 26 cantons, each with its own basis of taxation.
04/16/2019
British Virgin Islands – New Substance Rules for BVI Companies and Limited Partnerships
This BVI legislation was enacted in response to requirements established by the EU Code of Conduct Group in June 2018.
04/16/2019
IDB outlines The Bahamas’ deficiencies in various sectors
The government has expressed concern over the number of road traffic fatalities in recent years.
04/15/2019
Brexit and Guernsey - What You Need to Know - Collas Crill
Very early on in the process, the States of Guernsey and the Law Officers identified the likely impact that Brexit would have on the island and the legislative and other measures that would need to be taken as a consequence of Brexit.
04/14/2019
Asos founder Quentin Griffiths accuses BDO of bungling move offshore
The extent of Griffiths’s personal wealth is not known.
04/14/2019
Woodford rocked as Guernsey suspends his unquoted stocks
The Guernsey authority's shock move is a significant setback for Woodford
04/14/2019
How Panama Papers changed South Korea
The fact people who benefited from dictatorships abuse the global system to hide their wealth in secrecy jurisdictions made me aware of the prevalent injustice in our society, hidden from our views unless exposed by journalists.
04/12/2019
Bahamas Must 'Pioneer' To Halt Financial Attrition
Arguing that The Bahamas needed to “do a better job of telling our story”, Mr Komolafe said it still “has a lot going for it” through its tax neutral platform, base of skilled financial services professionals, US proximity and life
04/12/2019
Amendments to Trusts Law passed
The amendments extend the definition of a trust corporation with regard to STAR trusts to all trusts for the purpose of discharging a retiring trustee.