Latest News
Irish Real Estate Market In Recovery Mode
30/1/2014
Commercial property in Ireland generated returns of 12.7 percent in 2013 amid recovering property values, according to the IPD/SCSI Ireland Quarterly Property Index.
HKEx/LME Publish 2013 Market Statistics
13/1/2014
Hong Kong Exchanges and Clearing Group, which includes the London Metal
Exchange, has published a set of market statistics for 2013 that show, for
example, that it finished in second place among global exchanges in terms of IPO
funds raised during the year.
First Names Group To Acquire Guernsey's Mercator
10/1/2014
First Names Group, an Isle of Man-based trust, fund and corporate services provider, announced on January 07, 2014 that it is set to acquire Guernsey-based rival Mercator.
Philippines Stock Exchange To Press For REIT Tax Changes
3/1/2014
The Philippine Stock Exchange's President and Chief Executive Officer Hans
Sicat has disclosed that the exchange will now make a concerted effort to convince
the Government to relax the regulations, including tax rules, applying to real-estate
investment trusts.
Tax Evasion Hits Developing Countries
30/12/2013
Illicit outflows from developing countries have increased by 10.2 percent a year since 2002, new research has claimed.
Italy Confirms Removal Of Foreign Capital Declaration Threshold
30/12/2013
In a circular dated December 23, 2013, the Italian Revenue Agency has confirmed
that individual taxpayers should now declare on their tax returns all capital
held abroad, as the previous threshold of EUR10,000 no longer applies.
Nevis Has No New Taxes Planned For 2014
23/12/2013
The premier and minister of finance for Nevis, Vance Amory, presented a budget free of new taxes at a sitting of the Nevis Island Assembly on December 18, 2013.
NGOs Tell EU To Tackle Tax-Related Capital Flight
23/12/2013
There is a significant discrepancy between the tough political rhetoric used by European governments and their actions on tax avoidance and evasion, according to a new report.
UK Relief For Employee Ownership Structures Welcomed
13/12/2013
The Chartered Institute of Taxation has welcomed the UK Government's
decision to provide capital gains tax relief to owners of limited liability companies who transfer a controlling interest in a trading company to an employee-owned structure.
Nautilus Opens Office In Mauritius
13/12/2013
Nautilus Group, an independent trust company based in Jersey, announced on December 09, 2013 that it has opened an office in Mauritius as part of its strategy for global growth.
Call To Cut Double Taxation Of Americans Resident Abroad
9/12/2013
American Citizens Abroad has written to the United States Treasury Secretary
Jack Lew, and other interested stakeholders in the Treasury Department, the Internal
Revenue Service and Congress, calling for a correction to "what appears to
be a drafting oversight in the preparation of the Affordable Care Act that leads
to double taxation of Americans resident abroad."
French Court Validates Most Of Anti-Tax Fraud Law
9/12/2013
The French Constitutional Court has validated most of the Government's
anti-tax evasion and major economic and financial crime bill, including notably
plans to create the position of special financial prosecutor, responsible for
complex cases of tax fraud.
JTC Acquires Fund Administration Business In Guernsey
6/12/2013
JTC Group has acquired the fund administration business of the Guernsey-based Anson Group.
Benelux Focuses On Strengthened Tax Cooperation
29/11/2013
On the recommendation of Dutch Financial State Secretary Frans Weekers, the Benelux
countries of the Netherlands, Belgium, and Luxembourg intend to initiate a structured
ministerial consultation shortly, aimed at strengthening combined efforts to clamp
down on tax evasion and tax fraud within the region.
FSDC Suggests Reforms To Develop Hong Kong REITS
21/11/2013
The Financial Services Development Council (FSDC) has pointed out that, while
Hong Kong has all the criteria to have a thriving real estate investment trust market, it is substantially lagging behind the growth of such markets in
other Asian countries.
