Tuesday 7th June 2011

OFFSHORE BUSINESS REVIEW

The lowtax.net Offshore Business Review presents an overview of 'offshore': the financial sector based in 'low-tax' jurisdictions is already larger and more pervasive than any individual national economy, and it is used by business in many different ways to optimize tax structures. The advent of the internet has opened up new and even more interesting possibilities, both for businesses themselves and also for investors. Individuals based in high-tax countries can now directly access financial service providers in low-tax jurisdictions, whether their governments like it or not - and like it they do not!


- Description of Offshore

What is 'offshore'? Where did it come from? How is it treated by 'high-tax' jurisdictions? What are the main low-tax techniques? What is the future of offshore now that the very word itself has fallen under a cloud?

- Uses of Offshore

Descriptions of how particular business sectors make use of offshore and low-tax jurisdictions in general, and reviews of the uses of 'offshore' for a number of key business sectors. Click on your choices from below...

- Trade Marketing and Distribution
- Financial Holding and Investment Activities
- Corporate Financial and Management Services
- Offshore Banking
- Offshore Financial Services (Investment Funds)
- Ship Management and Maritime Operations
- Licensing and Franchising: Royalty Collection
- Professional Services
- Insurance

 

TAX-NEWS COVERAGE

Congress Looks At US Corporate Tax Reform
The United States House of Representatives Committee on Ways and Means has held a hearing on the potential benefits to companies, and thereby job creation and economic growth, of lowering marginal tax rates on business income, and the trade-offs that companies might be willing to make, given the need for tax reform to be revenue-neutral. Read full story

Japan Looks For Sales Tax Hikes
After many hints and suggestions, and with its Prime Minister Naoto Kan under extreme political pressure, the Japanese government has disclosed a programme of consumption tax hikes to finance increases in social security spending. Read full story

Ireland Welcomes Islamic Finance
Ireland is looking to expand into Islamic finance, according to Prime Minister Enda Kenny, who argues that recent legislative changes are paving the way. Read full story

US Government Pushes For Patent Law Reform
United States Commerce Secretary Gary Locke has sent a letter to the House of Representatives Judiciary Committee outlining the views of the federal government on the proposed America Invents Act, which could provide the most meaningful reforms to the US patent system in 60 years. Read full story

South Africa Consults On 2011 Budget Bills
South Africa’s National Treasury has released for public comment a draft of the 2011 Taxation Laws Amendment Bills that give effect to most of the 2011 Budget tax proposals, as well as to additional urgent measures. Read full story

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