03/14/2019
Those who establish Cayman Islands structures do not generally do so to engage in BEPS activity; they do so because the Cayman Islands is an efficient, stable and trusted neutral hub with key expertise in handling complex transactions.
03/14/2019
Lehman Brothers went bust in 2008 in the world’s largest corporate bankruptcy.
03/14/2019
Speaking after the European Union (EU) yesterday confirmed The Bahamas had avoided its “blacklist” of jurisdictions deemed “uncooperative” in the fight against global tax evasion, Mr Smith said such a tax would pave the way for thi
03/14/2019
“The digital EC dollar will be distributed and used by Licensed Financial Institutions and Non-Bank Financial Institutions in the ECCU.
03/14/2019
Mr. Burt said U.K. Treasury officials had supported that view, arguing that Bermuda had legislated to address any remaining issues identified by the EU.
03/14/2019
The United States has a similar system called the Electronic System for Travel Authorization, or ESTA.
03/14/2019
Within the funds industry, the statistics show particularly strong performances in the alternative asset classes, which now represent 86% of Jersey’s total funds business recorded a year-on-year increase of 23%.
03/14/2019
Bermuda and 12 others committed last year to addressing EU concerns about the economic substance of companies and entities doing business from their respective jurisdictions.
03/13/2019
Macau has managed to stay off a tax haven list established by the European Union by complying with OECD standards
03/13/2019
The Isle of Man, Channel Islands, Hong Kong and Switzerland were put on a list of jurisdictions not necessarily considered problematic, but which would have to meet 'specific commitments' on tax transparency.
03/13/2019
Those on the blacklist are allowing widespread tax evasion by corporations and individuals and did not meet EU deadlines for reform.
03/13/2019
Here, David Price, Depositary Services Manager at Estera Depositary (UK) Limited, explains what depositaries need to know in order to prepare.
03/13/2019
The EU has been requesting that nations and jurisdictions around the world adhere to tax and business practices they set as they seek to influence what they deem to be “tax good governance worldwide,” and earlier today
03/13/2019
The Bermuda Premier David Burt responded by admitting being blacklisted was a “setback” but he added that he is also confident Bermuda will soon be removed from the blacklist.
03/13/2019
“This is a real endorsement of Guernsey as a co-operative jurisdiction and further indication of our ongoing commitment to meeting international standards.
03/13/2019
Jersey Finance CEO, Joe Moynihan, says: “This MoU is a precautionary measure and should give managers using Jersey for their fund structuring added confidence."
03/13/2019
“The expectation is that, given the high professional standards and commitment to good corporate governance that already exists in Jersey, most companies will readily be able to demonstrate that they meet the new substance requirements.”
03/13/2019
GFSC Director-General William Mason signed the agreement with Andrew Bailey, CEO of the Financial Conduct Authority.
03/13/2019
The AIC Code is a framework of best practice in respect of the governance of investment companies.
03/12/2019
Backbenchers tackling Jersey, Guernsey and Isle of Man on grounds of national security