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Jersey Has Nothing To Fear From FATCA: EY

Jersey Has Nothing To Fear From FATCA: EY

by Mike Godfrey, Lowtax.net, Washington
24 April, 2014
Jersey's financial services businesses were told that they have nothing to fear from the United States Foreign Account Tax Compliance Act and the UK's equivalent regime, at a recent presentation from Ernst and Young's Executive Director for Tax, Wendy Martin.
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Guernsey In AIFMD Regime Milestone

Guernsey In AIFMD Regime Milestone

by Mike Godfrey, Lowtax.net, Washington
24 April, 2014
Guernsey has recently announced the licensing of its first non-financial asset depository under its newly introduced Alternative Investment Fund Managers Directive rules, which came into effect at the beginning of the year.
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Isle of Man Reports Aerospace Cluster Job Growth

Isle of Man Reports Aerospace Cluster Job Growth

by Mike Godfrey, Lowtax.net, Washington
24 April, 2014
The Isle of Man Aerospace Cluster has reported excellent job growth at its 25th quarterly forum. The industry now employs 881 engineers and support staff, up 6 percent from last year and 38 percent since its inception in 2006.
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HKEx Launches First Asian Commodities Contracts

HKEx Launches First Asian Commodities Contracts

by Mary Swire, Lowtax.net, Hong Kong
24 April, 2014
Hong Kong Exchanges and Clearing Limited has announced that it plans to launch its commodities business with four futures contracts that will be traded in its derivatives market in Hong Kong.
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Pressure To Cut Cook Islands' Departure Tax

Pressure To Cut Cook Islands' Departure Tax

by Mary Swire, Lowtax.net, Hong Kong
23 April, 2014
The Cook Islands Government is under pressure from the tourist industry to relax the rules on the payment of departure tax by cruise ship passengers.
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DIFC Event Discusses Sukuk Oversight

DIFC Event Discusses Sukuk Oversight

by Lorys Charalambous, Lowtax.net, Cyprus
23 April, 2014
International standard setter the International Islamic Financial Market recently organized an industry consultative meeting on the standardization of Shari'ah-compliant financial certificates, known as Sukuk.
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DIFC Welcomes First Saudi Investment Firm

DIFC Welcomes First Saudi Investment Firm

by Lorys Charalambous, Lowtax.net, Cyprus
22 April, 2014
Islamic investment management firm AlKhair Capital Saudi announced that it has opened an office at the Dubai International Financial Center, a free zone in the United Arab Emirates.
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Gibraltar Fire Impacts Offshore Gaming Operators

Gibraltar Fire Impacts Offshore Gaming Operators

by Mike Godfrey, Lowtax.net, Washington
22 April, 2014
A fire in a Gibraltar power station has knocked out the territory's electricity supply causing disruption to the online gaming sector during the busy Easter betting period. The firms affected include William Hill, Betfred, Ladbrokes, Stan James, and Betfair.
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Hong Kong To Provide Open-Ended Fund Company Tax Breaks

Hong Kong To Provide Open-Ended Fund Company Tax Breaks

by Mary Swire, Lowtax.net, Hong Kong
21 April, 2014
On being questioned in the Legislative Council on the regulatory and tax arrangements for the new open-ended fund company structure in Hong Kong, the Secretary for Financial Services and the Treasury, Professor K C Chan, confirmed that the structure will be aimed at providing fund managers with more flexibility in their choice of tax-efficient legal structures.
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Northern Trust To Administer Major Guernsey Funds

Northern Trust To Administer Major Guernsey Funds

by Mike Godfrey, Lowtax.net, Washington
21 April, 2014
Guernsey's Northern Trust has secured a mandate to manage two of Arle Capital Partners Limited's funds, together comprising assets worth about EUR2bn (USD2.76bn).
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Kitty's Encomiums And Execrations

Intended to be a proxy for business friendliness; evidently they are highly partisan, but hopefully one day they will become useful for decision-making, even if for the moment it is all just an amusing game. View Country Rankings »

United Kingdom VAT And Sales Tax Guide

A guide to VAT And Sales Taxes in the United Kingdom, covering everything from rates, exemptions, and thresholds, to information on records and invoices, VAT returns, payments, refunds, assessments, and penalties. View United Kingdom VAT And Sales Tax Guide »