Stories that are tagged 'international financial centres (IFC)'

	Gibraltar-Spain Tripartite Forum Abandoned? 5/16/2012 The Gibraltar government has said that the introduction of a new Spanish government of the People's Party has caused the disintegration of the tripartite forum between Spain, Gibraltar and the United Kingdom. The Forum had previously been credited with yielding improvements in relations between Gibraltar and Spain after more than a century of fractious relations.
	BVI To Enhance Companies Legislation 5/16/2012 The British Virgin Islands government has completed the first phase of implementing amendments to the Business Companies Act, set to enter into force later this year.
	Cayman Islands Target Brazilian Investors 5/16/2012 The Cayman Islands government has sought to bolster business relations with Brazilian investors by taking part in the recent Brazil Investment Summit.
	Guernsey Announces Aircraft Registry Plans 5/15/2012 The Guernsey government has announced that it has agreed with a private sector partner to launch an aircraft registry from the island.
	Cayman Regulatory Framework Endorsed 5/15/2012 Cayman Finance has welcomed the results of an independent study which places the Cayman Islands among only two offshore territories which have consistently implemented internationally-accepted standards on identity verification during due diligence processes.
	Gibraltar Proposes Law Change To Offer UK QROPS 5/15/2012 The Gibraltar government has published a Bill that would amend the territory's legislation to allow local practitioners to offer Qualifying Recognised Overseas Pension Schemes under a regime compliant with new rules set by the UK tax authority, HM Revenue and Customs.
	Qatar DTA Will Boost Investment In Bermuda, Says Cox 5/11/2012 Bermuda's Premier, and Minister for Finance, Paula Cox, has stressed that the signing of a Double Tax Agreement with Qatar will significantly strengthen the territory's ability to act as a western hub for the Islamic financial services industry.
	San Marino Urged To Consider New Economic Model 5/11/2012 Despite a 15% decline in tax revenues in San Marino over the past two years, authorities have been able to maintain a comparatively low deficit. However, the most significant challenges relate to the stability of the nation's banking sector, which has suffered capital flight as tax transparency initiatives gain ground, a new International Monetary Fund report says.
	Turks And Caicos Takes Strides Towards Self-Rule 5/10/2012 The provisional Governor of the Turks and Caicos Islands, Ric Todd, has released a report detailing progress made towards fundamental reforms to the island's frameworks to prevent corruption, and correct fiscal imbalances, deemed necessary before the islands are returned to self-rule by the UK government.
	IMF Identifies Risks In Swiss Banking Sector 5/11/2012 The International Monetary Fund has said in its latest Article IV consultation with Switzerland that, while the fiscal position is healthy, there remain a number of risks to the country's financial services sector, amid the possibility of a real estate bubble.
	DIFC To Accept Credit Rating Agencies 5/10/2012 The Dubai Financial Services Authority has launched a consultation on new rules which would allow credit rating agencies to establish operations from the Dubai International Financial Centre tax-free zone.
	IoM Concludes 30th Tax Sharing Pact, With Qatar 5/10/2012 The Isle of Man government has announced the signing of a comprehensive double tax agreement with Qatar, only the fifth agreement of its type to be negotiated by the Isle of Man, but the 30th agreement to include tax information exchange provisions.
	Financial Crisis Hits Jersey Finance Industry Profits 5/10/2012 The Jersey government's latest statistical report shows a significant decline in the profitability and size of the nation's financial services industry since the start of the financial crisis, putting pressure on Jersey tax receipts. Recent figures for 2011, however, show modest signs of improvements.
	Jersey Enhances Regulatory Cooperation With Germany 5/9/2012 The Jersey Financial Services Commission has announced the signing of a cooperation agreement to boost its relationship with the German banking, insurance and investment firms' regulator, the Bundesanstalt fur Finanzdienstleistungsaufsicht.
	Gibraltar Promotes E-Gaming Specialism In US 5/9/2012 The Gibraltar government has sought to improve relations and expand on business opportunities with United States regulators, operators and businesses, with a delegation led by the Rock's Minister with responsibility for gambling, Gilbert Licudi, to the GiGse Totally Gaming conference in San Francisco.
	IoM Will Not Follow UK's Lead On Taxing Business Jets 5/7/2012 The Isle of Man's Treasury Minister, Eddie Teare has confirmed that, despite the territory maintaining many similar elements to the United Kingdom tax regime, the island will not follow suit with the UK government's decision to begin taxing small business aircraft under the Air Passenger Duty regime.
	IoM Welcomes CBI Endorsement 5/4/2012 The Isle of Man's Treasury Minister, Eddie Teare has welcomed further recognition of the role being played by competitive tax jurisdictions in supporting economic growth, in particular in the United Kingdom.
	Trinidad And Tobago Joins Nations Under Caribbean Court 5/4/2012 In a move that strengthens Caribbean legal cooperation, Trinidad and Tobago has agreed to adopt the Caribbean Court of Justice as the nation's final court of appeal, replacing its colonial link to the Judicial Committee of the UK's Privy Council.
	Insurance Ratings Agency Establishes DIFC Office 5/4/2012 A.M. Best, a leading provider of credit ratings and financial data for the insurance industry, has received the necessary approvals to begin regional business from the Dubai International Financial Centre.
	Barbados Targets US Investors 5/2/2012 Barbados's Prime Minister Freundel Stuart has highlighted the advantages of doing business in the territory for United States investors as the US Chamber of Commerce prepares to launch an office in the country this year.
	IoM Contributes To UK Tax Transparency Program 5/1/2012 The Isle of Man government has recently participated in an initiative funded by the UK's Foreign and Commonwealth Office to provide training to the British Overseas Territories of Montserrat and Anguilla to help them meet their international obligations on tax information exchange.
	IoM Discusses Clean Tech Prospects 4/30/2012 As part of its efforts to develop the Isle of Man into a hub for clean technology innovation, the Isle of Man government recently hosted round table discussions to consider the significant opportunities for offshore renewable energy and associated projects within the island's 4,000 sq km territorial waters in the Irish Sea.
	Bermuda Financial Services Conference Hailed Success 4/30/2012 Bermuda has welcomed the success of the Annual Bermuda Financial Services Conference, held in London on April 24, 2012, which attracted an audience of more than 260 leading lawyers, accountants and financial services executives.
	DFSA Wins Regulatory Court Case 4/30/2012 The Dubai Financial Services Authority has won an important case before its own Regulatory Appeals Committee on the provision of financial services by a business and two of its company directors.
	St Kitts, Brazil To Sign Free Trade Pact 4/25/2012 The government of Saint Kitts and Nevis has received notification from Brazil that it is ready to sign the Partial Scope Agreement on trade that the two territories have been negotiating for a year.
	Bermuda Concludes Marketing Push In China 4/26/2012 Business Bermuda, the promotional agency for the territory's financial services industry, has concluded a week-long business development and relationship-building trip in Shanghai and Beijing mirroring the decisions of other small, low-tax, financial centres targeting the region as a new source of financial services growth.
	Gibraltar Consults Industry On Transparency Enhancements 4/24/2012 The Gibraltar government is seeking input from the finance industry to help it form a response to recommendations received from the Organization for Economic Cooperation and Development on improvements deemed necessary to the territory's fiscal transparency frameworks for the exchange of tax information.
	Jersey Builds Business Relationship With UAE 4/24/2012 Jersey Treasury Minister Philip Ozouf has arrived in the United Arab Emirates as part of a three-day official visit to promote Jersey's offerings as an international financial centre.
	Malta Signs Gambling Oversight Agreements 4/25/2012 Malta's Lotteries and Gaming Authority has announced the signing of three cooperation agreements with other regulators, the European Sports Security Association, the sports integrity agency of global soccer association FIFA, and the Alcohol and Gaming Commission of Ontario, to strengthen its domestic oversight capabilities and contribute towards international enforcement efforts.
	Guernsey Fund Lists On LSE 4/24/2012 A Guernsey closed-ended investment company has been used by Blue Crest Capital Management in its Initial Public Offering of a fund on the London Stock Exchange Main Market, advised upon by Channel Islands law firm Carey Olsen.
	Bermuda Signs MLAT With The US 4/23/2012 Bermuda's Prime Minister Paula Cox has noted the recent conclusion of a new Mutual Legal Assistance Treaty with the United States, which will significantly boost cooperation between the nations, and aid the countries in more effectively tackling financial crime.
	EU Tax Issue With Guernsey's Tax Regime 4/23/2012 Guernsey's zero-ten corporate tax regime has been confirmed as 'harmful' by the European Union's Code of Conduct Group on Business Taxation. The Code Group had previously ruled similarly in relation to the zero-10 regimes of both Jersey and the Isle of Man.
	Swiss Lawmakers To Examine German, UK Tax Deals 4/23/2012 The Swiss Federal Council has recently submitted to parliament the bilateral withholding tax agreements with Germany and the UK, together with the Federal Act on International Withholding Tax, designed to implement the new agreements.
	Hong Kong To Halve Import, Export Charges 4/20/2012 To boost Hong Kong's external trade by lowering transaction costs and thereby benefiting the import-export sector, the Commerce and Economic Development Bureau has proposed halving import and export declaration charges.
	SVG's Tax Transparency Endorsed 4/20/2012 Saint Vincent and the Grenadines has welcomed the adoption of a report by the Organization for Economic Cooperation and Development that confirms the territory has adequate frameworks in place to meet international standards on tax transparency and information exchange.
	Liechtenstein, Sweden TIEA Enters Into Force 4/19/2012 The bilateral tax information exchange agreement between Liechtenstein and Sweden has now entered into force, following ratification of the treaty by the relevant contracting parties.
	Antigua Issues Plea To US On E-Gaming 4/18/2012 Prime Minister of Antigua and Barbuda, Baldwin Spencer, has met with US Trade Representative, Ron Kirk, to discuss Antigua and Barbuda’s internet gaming case against the United States.
	Bermuda Remains Attractive To Reinsurers 4/17/2012 Bermuda has attracted eight highly-capitalized reinsurers holding Class 4 licenses in the past five years, with more than USD8bn in fresh capital, highlighting the territory's capability, and growth potential, as a top three reinsurance centre globally despite increased competition and the financial crisis, the government has said.
	FATF Mandate Extended To 2020 4/17/2012 Ministers from nations party to the Financial Action Task Force's 40+9 recommendations are to extend the organization's mandate to 2020, to allow the agency to continue its role of protecting the integrity of the international financial system through the development and enforcement of its anti-money laundering and terrorism financing standards.
	Legatum Chooses DIFC For Global HQ 4/16/2012 Private investment group Legatum has made a substantial investment in acquiring Precinct Building 6 within the Dubai International Financial Centre tax-free zone, which will serve as the firm's global headquarters.
	Guernsey 'Singled Out' In UK QROPS Change 4/17/2012 Guernsey Finance, the promotional agency for the island's financial services industry, has condemned the UK tax authority's decision to remove almost all Guernsey Qualifying Recognised Overseas Pensions Schemes from its updated list, describing the move as an 'unjust attack on the island'.
	IoM 50C Pension Scheme Falls Foul Of New QROPS Rules 4/16/2012 The Isle of Man government has responded to the recent update to UK rules regarding Qualifying Recognised Overseas Pension Scheme, which now excludes transfers to structures under Section 50C of the Income Tax Act 1970, known as 50C pension schemes.
	Mauritius Builds Synergy Between Domestic Regulators 4/13/2012 Mauritius's Financial Services Commission and the territory's Financial Reporting Council on April 10, 2012, signed a Memorandum of Understanding to ensure effective information exchange in relation to financial reporting, auditing and corporate governance.
	Offshore QROPS Domiciles Stunned At HMRC's Last-Minute Change 4/12/2012 The UK tax authority, HM Revenue and Customs has indicated that tax relief available on pension transfers, under so-called Qualifying Recognised Overseas Pension Scheme structures, will no longer be available unless the Scheme is offered within the territory in which the expatriate is newly resident, putting a multi-million offshore industry at jeopardy.
	Jersey Business Sentiment In The Doldrums 4/12/2012 The prevailing sentiment among Jersey business is the most negative since records began in 2009, with business activity said to have fallen significantly in the first quarter of 2012.
	Guernsey Fund Of Hedge Funds Receives European Accolade 4/11/2012 Guernsey-headquartered Legis Fund Services has been recognised as 'Best Administrator - under USD30bn Fund of Hedge Funds' at the HFMWeek European Services Provider Awards.
	Manx Legislators Lag Behind QROPS Change 4/10/2012 Isle of Man pensions provider, Boal & Co has confirmed that it has been forced to cease offering its Trinity QROPS offering until Isle of Man legislation is brought up to speed with changes to UK pension rules.
	Jersey Responds To QROPS Change With New Offering 4/11/2012 The Jersey government has announced the launch of a new Jersey-based pension scheme, the Recognized Pension Scheme, which provides a structure compliant with UK law following changes to UK rules regarding Qualifying Recognised Overseas Pension Schemes.
	Ogier Advises On USD1.1bn Debt Conversion 4/11/2012 Ogier's British Virgin Islands office has advised CEMEX - one of the world's leading cement and building materials companies - on its most recent notes transaction valued at USD1.1bn which closed at the end of March.
	Bermuda Welcomes Significant New Reinsurer 4/10/2012 The Bermuda government has welcomed the news that a new reinsurance entity will set up shop in Bermuda from June 1, 2012, as part of a joint venture between Validus Group and hedge fund manager John Paulson.
	UK Due To Introduce Tax-Transparent Pooled Fund Structure 4/10/2012 Northern Trust has confirmed that it will offer the incoming UK tax-transparent pooled funds structure, when regulations permitting the vehicle become effective in the UK in late summer 2012.
	Swiss Re Corporate Solutions Establishes Dubai Office 4/9/2012 The Dubai Financial Services Authority has granted Swiss Re Corporate Solutions a licence to operate in the Dubai International Financial Centre.
	Guernsey Accepts Low Value Consignment Relief Ruling 4/9/2012 Guernsey's Policy Council has confirmed that it is not in Guernsey's best interests to appeal the decision of the High Court in London, which ruled that the United Kingdom's decision to revoke a generous value-added tax relief solely for the Channel Islands was consistent with European Union law.
	Gibraltar Accepted Into International Audit Forum 4/6/2012 The Gibraltar Financial Services Commission has announced that it has been accepted to join the International Forum of Independent Audit Regulators.
	Malta To Improve Workings Of Deposit Compensation Scheme 4/9/2012 The Maltese Financial Services Authority has proposed measures to bolster the functioning of the nation's Depositor Compensation Scheme - a safeguard to mitigate depositor losses should a resident financial institution default.
	OECD Issues New Peer Reviews 4/5/2012 The Organization for Economic Cooperation and Development, publishing eleven new peer reviews, has said that the vast majority of territories which have been subject to critical assessments have implemented satisfactory legislative regimes that can facilitate the exchange of information on request.
	Channel Islands Will Not Appeal UK VAT Ruling 4/6/2012 The Jersey government has decided not appeal the decision of the High Court in London, which ruled that the United Kingdom government's decision to revoke Low-Value Consignment Relief (LVCR), a value-added tax concession, for the Channel Islands was consistent with European Union law.
	Jersey Regulator Seeks Civil Penalty Capabilities 4/5/2012 The Jersey Financial Services Commission has launched a new consultation paper proposing that the Commission be empowered to impose civil penalties on specified registered persons for serious, uncorrected or recurring breaches of its Codes of Practice.
	Barbados Publishes Credit Risk Management Rules 4/4/2012 The Central Bank of Barbados has noted the publication of a new set of Credit Risk Management Guidelines to assist financial institutions in meeting their credit risk management obligations.
	IoM Reminds Companies Of Tax Return Deadline 4/3/2012 The Isle of Man government has warned companies of the late return penalties they face if they fail to meet the imminent corporate tax return deadline.
	IoM Outlines New Online Filing Requirements 4/2/2012 The Isle of Man government has released a new Practice Note, detailing the requirements being placed on employers following the decision to make mandatory the online filing of tax returns, on a transitional basis, from April 6, 2012.
	Guernsey, Switzerland Discuss Financial Synergies 4/3/2012 Guernsey recently hosted a Swiss government delegation during a two-day visit to the island, which reinforced the importance of links between Guernsey and Switzerland, particularly in financial services.
	Hong Kong Launches New AML/CFT Regime 4/2/2012 Legislation which was approved by the Legislative Council in June 2011 and which will enhance the Hong Kong financial sector’s anti-money laundering and counter-financing of terrorism regime went into effect on April 1.
	Bermuda Slashes Fees For Special Purpose Insurers 3/30/2012 The Bermuda Monetary Authority has announced its decision to almost halve registration fees for Bermuda Special Purpose Insurers.
	State Street Granted Jersey Banking License 3/30/2012 The Jersey Financial Services Commission has granted State Street Corporation, one of the world's leading provides of financial services to institutional investors, a license to expand its offerings to include Jersey-based banking.
	Report Dissects Alderney's Role In Full Tilt Poker Case 3/30/2012 Alderney's Gambling Control Commission has welcomed the publication of an independent report into decisions made in relation to three companies which were licensed in Alderney to operate as Full Tilt Poker.
	Jersey Assesses UK Stamp Duty Measures 3/29/2012 Jersey Finance, the agency responsible for the promoting the island's finance industry, has responded to measures in the UK budget which seek to prevent stamp duty tax avoidance on the purchase of high-value property in the UK via offshore company structures.
	IMF Warns Of Swiss Financial Sector Risks 3/28/2012 While the Swiss economy is seen as 'fundamentally strong', the International Monetary Fund has urged Swiss authorities to focus efforts towards strengthening safeguards for the financial services industry, and preventing a possible real estate bubble.
	Switzerland Snubs Tax Deal With Austria 3/28/2012 The Swiss government has no firm plans to conclude a bilateral tax agreement with Austria to resolve the longstanding issue of undeclared bank accounts held by Austrian nationals in the Confederation’s banks despite claims to the contrary by the Austrian government.
	Hong Kong's SFC Waives Annual Fees 3/27/2012 Hong Kong’s Securities and Futures Commission has announced that the payment of annual licensing fees will be waived for a two-year period, effective from April 1, 2012.
	UK Confirms Gambling Tax Changes 3/27/2012 Offshore gambling firms have been dealt a blow in the United Kingdom's latest Budget which amends the tax rules applicable to the supply of gambling services to the UK market. Wagers will now be taxed on a point-of-consumption basis, bringing offshore operators under the UK tax net.
	Hong Kong Launches Consultation On Trust Law Reform Bill 3/26/2012 Hong Kong’s government has launched a two-month public consultation on its draft legislation on trust law reform, which followed the positive responses it had received from stakeholders in an earlier consultation held in 2009.
	Turks And Caicos On The Mend After Fiscal Reform 3/23/2012 The Chief Financial Officer of the Turks and Caicos Islands interim government, Hugh McGarel-Groves, has reported significant progress towards correcting the territory's deficit after a raft of measures introduced last year.
	Guernsey Wealth Management Promoted In India 3/23/2012 Guernsey's offerings as a wealth management domicile were promoted at the India Wealth Forum, held recently in Delhi and attended by Guernsey wealth management firm Nerine Group of Fiduciaries.
	Isle Of Man Targets 'Rogue Businesses' 3/23/2012 The Isle of Man government has emphasized the importance of verifying the legitimacy of businesses which advertise offerings from the Isle of Man, after an exercise by the government found 400 businesses operating without meeting the legislative requirement to register with the Companies Registry.
	Gibraltar Government To Back Finance Industry 3/23/2012 To mark one hundred days in office, the Gibraltar government has made a number of pledges that it will fulfil during its term, many of which are pertinent to taxpayers and the financial services sector.
	Ogier Reports Strong Demand For BVI Structures 3/22/2012 The British Virgin Islands office of leading international offshore law firm Ogier has noted that its involvement in a number of global transactions over recent months is reflective of the strong demand of late for BVI-based corporate structures.
	Guernsey Is Europe's Captive Domicile Of Choice 3/22/2012 Newly-published research from Business Insurance magazine shows that Guernsey has extended its position as the largest captive insurance domicile in Europe and remains number four globally.
	Isle Of Man To Engage Taxpayers On 'Critical' Issues 3/21/2012 The Isle of Man government will hold public meetings to engage with taxpayers on matters of 'national importance', including tax and budgetary policy, starting this month, it has been announced.
	Channel Islands Fail To Overturn UK VAT Decision 3/21/2012 The governments of the Channel Islands have announced their 'disappointment' at the findings of the UK High Court, in response to the islands' joint challenge to the United Kingdom government's decision to remove long-standing value-added tax concessions crucial to the islands' fulfilment industries.
	Hong Kong Gazettes Order To Eliminate Capital Duty 3/20/2012 As presaged in the 2012-13 Budget on February 1 this year, the Companies Ordinance (Amendment of Eighth Schedule) Order 2012, to abolish Hong Kong’s capital duty levied on local companies, has now been gazetted, Secretary for Financial Services and the Treasury Prof. KC Chan has announced.
	Guernsey Concludes Comprehensive DTA With Malta 3/21/2012 Guernsey has announced the signing of a comprehensive Double Taxation Agreement with Malta, which will allocate the territories' taxing rights to ensure that double taxation is removed from bilateral trade and investment, and also permit tax information exchange on request.
	Bermuda Banking Industry Resurgent 3/21/2012 The Bermuda Monetary Authority has published statistics for the territory's banking industry during 2011, showing that total assets rose by 6% in Q4 2011 and 9.3% year on-year.
	Jersey Embarks On Major Gulf Promotional Tour 3/20/2012 The Jersey government has announced that a convention for the avoidance of double taxation and fiscal evasion will be signed with Qatar during its current promotional trip to the Gulf region.
	Ernst And Young Returns To The BVI 3/19/2012 Ernst and Young, one of the 'big four' accounting firms, has announced its decision to re-establish an office in the British Virgin Islands after a multi-year absence, attracted by the territory's strong financial services legislation and regulatory regime.
	Offshore Aspects Of Russian 'Superbank' Merger 3/19/2012 The Jersey office of Walkers, the leading international law firm, has advised on the multi-jurisdictional aspects of the USD1bn merger between Sberbank and Troika Dialog, which will create a Russian 'superbank'.
	IoM Plans Clean Tech Promotional Tour 3/16/2012 The Isle of Man's Department of Economic Development has announced that it will be heading a trade delegation of Isle of Man 'Clean Tech' companies to the UK, Europe and the USA, in the latter part of this year.
	Jamaica To Launch Tax Information Exchange Office 3/16/2012 The Jamaican government has announced that it will soon launch an Exchange of Information Office to ensure the territory deals with tax information requests efficiently and in a timely manner, and also to bolster the nation's own tax enforcement efforts against non-compliant domestic taxpayers.
	Interest In Guernsey As A Film Finance Centre Grows 3/16/2012 Guernsey's latest London seminar, to showcase the island's offerings as a leading international film finance centre, has been hailed a success after attracting an audience of over 100 senior members of the UK film community.
	Jersey Signs Tax Data Sharing Pact With Italy 3/14/2012 The Jersey government on March 13, 2012, signed a bilateral agreement with Italy to exchange tax information on request in accordance with the Organization for Economic Cooperation and Development's internationally-agreed standard on tax transparency and information exchange.
	High Court Hears Channel Islands' LVCR Challenge 3/13/2012 A two-day hearing at the High Court in London began on March 13, 2012, to hear the arguments of lawyers representing the Channel Islands in their challenge to the scheduled removal of the United Kingdom's Low-Value Consignment Relief for the islands' fulfilment industries from April 1, 2012.
	IoM Consults On Fund Laws 3/12/2012 The Isle of Man government has launched a consultation on draft legislation to update the regulation of 'Recognized' Collective Investment Schemes.
	Guernsey Firm Gets CSP Licence 3/12/2012 Guernsey-based firm Alter Domus, a leading independent provider of professional administration services for multinational corporations and alternative investment funds, has received approval from the Guernsey Financial Services Commission to provide a wider range of products and services.
	Guernsey Considering Territory's Economic Direction 3/8/2012 The Guernsey government has welcomed the publication of a new report, commissioned to provide an overview of Guernsey's current economic profile and recommend, on an independent basis, future strategic areas that should be targeted to provide further economic opportunities for the territory.
	Guernsey Fund Sector Growth Tails Off 3/7/2012 New figures from the Guernsey Financial Services Commission shows that the island's fund sector contracted by 3.7% during the final quarter of 2011, with GBP10.2bn being shaved off the island's net asset value of funds under management and administration.
	DIFC Boosts Collaboration With London 3/6/2012 The Dubai International Financial Centre and a body representing London's City have signed a new partnership agreement designed to boost collaboration between the financial centres.
	Bermuda Announces 2012 Budget 3/5/2012 Bermuda's Finance Minister Paula Cox has released the territory's budget for 2012, containing a number of tax measures to boost tax revenues and employment.
	IoM Seeks To Tap Maritime Opportunities In Singapore 3/5/2012 The Isle of Man's Department of Economic Development has announced that it will launch a new representative office in Singapore to promote stronger commercial relations with the nation and the region, especially in the area of shipping.
	Swiss Lawmakers Pass Extended Tax Assistance Law 3/6/2012 The Swiss National Council has recently adopted the government’s new law on administrative assistance in tax matters, by 113 votes to 58. The National Council also voted in favour in principle of the planned revisions to the Swiss-US double tax agreement.
	Carey Olsen Top Offshore Adviser For FTSE100 3/5/2012 Channel Islands law firm Carey Olsen has announced that it was the only offshore law firm to be ranked in the top 10 alongside UK and International law firms for the total number of stock market clients in the Q1 2012 All Market Edition of The Morningstar Professional Services Ranking Guide.

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