Welcome to Offshore Trusts Guide [OTG]
OTG publishes news,
features
and newsletters
on the use of offshore trust structures. The full
guide analyses key global issues relating to the offshore trust, and
examines in detail the trust regimes in key jurisdictions. Please make
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Latest OTG News 
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Latest OTG Features |
New legislation to enhance Jersey's trusts offering is expected to make the jurisdiction a more attractive location for private wealth management, and this feature provides an overview of the main changes brought about by the amendment to the island’s trust law, which went into effect late last year.Read
full report »
The current controversy over the tax affairs of wealthy celebrities in the United Kingdom has cast an unwelcome spotlight onto offshore territories like Guernsey and Jersey, and has led some to suggest that the offshore trust, at least as far as these jurisdictions are concerned, has had its day, with David Cameron’s coalition government expected t...Read
full report »
Seeking to add another string to its financial services bow, the Hong Kong government has issued comprehensive proposals to update the territory’s trust laws, which are designed to better cater for the needs of modern-day trusts, strengthen the competitiveness of the jurisdiction’s trust business segment and consolidate the status of Hong Kong as a...Read
full report »
Singapore is not thought of as one of the world’s leading trust jurisdictions. But with its wealth management industry booming, and with trust business a key pillar of this sector, the city-state is rapidly becoming a favoured jurisdiction in which to form a trust, thanks to its favourable tax laws, strong confidentiality laws and reform of trust l...Read
full report »
Two key rulings in the common law trust arena by the English Privy Council and the Royal Court of Jersey respectively last June are expected to have a significant impact on the way in which trust law is applied and interpreted in future cases involving Guernsey and Jersey trusts.Read
full report »
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Latest Network News 
 Spain, UK Sign Revised DTA
26/3/2013
Spain's Ambassador to the UK Federico Trillo and UK Exchequer Secretary to
the Treasury David Gauke have recently signed the new treaty between the two
countries aimed at avoiding double taxation and preventing personal income and
wealth tax evasion.
Read
full story »
 Study Attacks US Domestic Production Activities Tax Deduction
26/3/2013
At a time when there is much political discussion on United States tax reform,
and, in particular, the reduction of tax breaks and incentives to provide revenues
to reduce direct tax rates, a report from Robert Shapiro of the Progressive Policy
Institute has focused on Section 199 of the federal corporate tax code –
the special deduction arising from certain designated "domestic production
activities."
Read
full story »
 UK To Review Support For Crown Dependencies
26/3/2013
The Isle of Man's Chief Minister Allan Bell has welcomed the announcement that a House of Commons Select Committee will review progress since the publication of a 2010 Report on the UK's relationship with the Crown Dependencies - the Isle of Man, Jersey and Guernsey, noting that it will provide the islands with an opportunity to revisit how their constitutional relationship with the UK is managed by the UK Ministry of Justice.
Read
full story »
 UK 2013 Budget Confirms Anti-Avoidance Initiatives
26/3/2013
The UK Chancellor unveiled last week what he called "one of the largest ever packages of tax avoidance and evasion measures presented at a Budget." These have been largely welcomed by business representatives, who nonetheless pointed out that many of George Osborne's initiatives had been pre-announced.
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full story »
 ADB: China Should Broaden Its Tax Base
26/3/2013
With the Government expecting an increased fiscal deficit this year, Stephen Groff,
Vice-President of the Asian Development Bank, in a speech at the China Development
Forum 2013, said that the first step for China to take should be to broaden its
tax base.
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full story »
 Japan, EU Launch FTA Negotiations
26/3/2013
On March 25, 2013, the European Union and Japan officially launched negotiations
for a comprehensive free trade agreement in goods, services and investment,
which is intended to eliminate tariff and non-tariff barriers and cover other
trade-related issues, such as public procurement and regulatory issues.
Read
full story »
 US Senate Progresses Repeal Of Medical Device Tax
26/3/2013
By 79 votes to 20, on a bipartisan basis, the United States Senate has passed
an amendment to the Democrat-led Senate's 2014 Budget that would repeal the medical
device tax that was included in the Patient Protection and Affordable Care Act, and that has been imposed from January 1 this year.
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full story »
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