IO Special Features
Five years ago, as the house price boom continued in many countries across the world, we asked whether the laws of economics had been repealed. Now, we can see that they remain as true as ev... Read
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Ask most people around the world their thoughts on Panama and you would probably be met with the same one word reply: canal. However, after a small amount of further investigation you would ... Read
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Under this particular heading of equity investment we will deal with direct, personal investment into publicly-quoted equities, other than through conventional stock exchanges, whether from ... Read
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In geographical terms, the peninsula and collection of islands in south eastern China which make up the territory of Hong Kong are a little over 400 square miles in size, but in economic ter... Read
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The ideal tax shelter traditionally turned income into capital without taxation. Such mythical beasts used to exist in no-tax offshore jurisdictions, but they were not usually to be found in... Read
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IO Daily News 
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| Wednesday 16/5/2012
IO News: European Council Agrees Basle III Bank Capital Rules
A meeting of the Economic and Financial Affairs Council of the European
Council has unanimously approved proposals to amend the European Union’s
rules on capital requirements for banks, which will implement the more stringent
rules within the internationally-negotiated Basel III agreement.
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Wednesday 16/5/2012
IO News: Swiss Bankers Dismiss Capital Flight Fears
President of the Swiss Bankers Association Patrick Odier has dismissed claims
that Swiss banking clients resident in Germany, the UK, and Austria will simply
relocate their money abroad to avoid paying tax before the bilateral tax agreements,
concluded between the Confederation and these states, enter into force next year.
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Monday 14/5/2012
IO News: Guernsey Fund Attracts GBP80m In UK IPO
Alcentra has launched the Alcentra Europe Floating Rate Income Fund Limited, a Guernsey-domiciled, closed-ended investment company which raised GBP80m (USD130m) by way of an initial public offering on the main market of the London Stock Exchange.
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| Friday 11/5/2012
IO News: Hong Kong To Beef Up IPO Rules
The Hong Kong Securities and Futures Commission has launched a two-month consultation on enhancing the regulatory regime of listing sponsors.
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| Network News |
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16/5 Gibraltar-Spain Tripartite Forum Abandoned? 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.
16/5 Swiss Asset Managers Slam 'Incoherent' Financial Centre Strategy During its general assembly in Zurich, the Swiss Association of Asset
Managers criticized the government’s ‘white money strategy’,
a new financial market policy geared towards the management of taxed assets, calling instead
for a coherent strategy for the Swiss financial centre.
16/5 Italian Property Tax Slammed As 'Odious And Inequitable' Niccoló Rinaldi, head of the Italian opposition party, Italia dei Valori,
in the European Parliament, has described the new Italian tax on the value of overseas
properties and financial assets as only the latest in a long line of attacks on
the finances of Italian expatriates.
16/5 Hollande Eyes 'Growth Dimension' In Fiscal Compact During their first meeting in Berlin, German Chancellor Angela Merkel and French
Socialist President-elect François Hollande underscored the importance
of Germany and France continuing to work closely together in the interests of
Europe, and their responsibility and commitment to collaborating on ideas aimed
at stimulating growth in Europe ahead of the European Council meeting in June.
16/5 Eurogroup Committed To Fiscal Consolidation Following the latest Eurogroup meeting in Brussels, Luxembourg’s Prime Minister
and Eurogroup President Jean-Claude Juncker confirmed that the Eurogroup’s
consolidation strategy, in accordance with provisions contained in the Stability
and Growth Pact, ‘remains appropriate’ and will therefore continue
to form the cornerstone of its strategy to correct fiscal and economic imbalances
to overcome the crisis and to return to sustainable growth.
16/5 BVI To Enhance Companies Legislation 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.
16/5 Cayman Islands Target Brazilian Investors The Cayman Islands government has sought to bolster business relations with Brazilian investors
by taking part in the recent Brazil Investment
Summit.
16/5 IRS Non-Resident Reporting Rule Questioned Again The Treasury Department’s failure to provide sufficient answers about Internal
Revenue Service regulations requiring United States banks to disclose interest
paid to non-resident aliens has prompted the House of Representatives’ Ways
and Means Oversight Subcommittee Chairman Charles Boustany to
request additional information.
15/5 South Africa Consults On Retirement Savings Incentives Following the Minister of Finance Pravin Gordhan’s announcement in his 2012
Budget in February that the South African government is looking to provide incentives
for savings and the reform of the retirement industry, the National Treasury has
now published an overview consultation paper.
15/5 Hong Kong Abolishes Corporate Capital Duty The Registrar of Companies, Ada L L Chung, has announced that the capital duty
currently levied on Hong Kong companies will be abolished from June 1, 2012.
15/5 Lufthansa Slams German Plane Ticket Tax Presenting details of the company’s 2011 annual report at its annual general
meeting in Cologne, Deutsche Lufthansa’s Chief Executive Officer Christoph
Franz urged the coalition government to end the controversial plane ticket tax
currently costing the company around EUR361m (USD465m) annually.
15/5 Gibraltar Proposes Law Change To Offer UK QROPS 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.
15/5 Cayman Regulatory Framework Endorsed 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.
15/5 Guernsey Announces Aircraft Registry Plans The Guernsey government has announced that it has agreed with a private sector
partner to launch an aircraft registry from the island.
15/5 Hong Kong Progresses Arbitration Centre Credentials As part of the government's determination to develop Hong Kong into a regional
dispute resolution centre, in particular as an international arbitration hub in
the Asia Pacific, the Secretary for Justice, Wong Yan Lung, has announced a broad
consensus in Hong Kong on the setting up of an industry-led single accreditation
body for mediators.
14/5 Funds In Line For French Tax Refunds France is facing tax refund claims of EUR4bn (USD5bn) from savers and institutional investors after the European Court of Justice ruled in favour of investments funds from Belgium, Germany, Spain and the United States in a tax case - a ruling which could have ramifications for other European Union member states.
14/5 Hong Kong Concerned At Operation Of US Volcker Rule Following is a question in the Legislative Council, the Secretary for Financial
Services and the Treasury, Professor K C Chan, confirmed that Hong Kong shares
the concerns raised by other financial markets, such as Canada, France, Germany,
Japan and the United Kingdom, over the extra-territorial reach and the implementation
of the United States’ Volcker Rule restrictions.
14/5 South Korea To Cut Property CGT The South Korean government has disclosed that it will try to boost the local
housing market by relaxing restrictions on property transactions and cutting property
transfer tax rates.
11/5 South Africa Loses CGT Exit Charge Appeal The South African Revenue Service has lost its Supreme Court appeal on
a case concerning the capital gains tax that it said should be applied on
a deemed disposal when a taxpayer becomes non-resident.
11/5 Qatar DTA Will Boost Investment In Bermuda, Says Cox 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.
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| Your Views |
| Criteria In Taxes - Simple Tips |
The sum of payroll tax that an employer owes relies upon on the jurisdiction, and may very well be mounted or proportional to the employee’s salary.You really should do this any time you will find a principal improve in your everyday living -- these as marriage, start of a boy or girl or obtain of a residence.Your taxable cash is, in other words, the quantity of your cash that is subject to cash tax.Because of this approach, a percentage of your pay is taken out each individual pay time period and sent to the Inner Income Company wherever it is credited toward your final tax bill.Self-Employment Tax LevelThe SE tax fee for calendar yr 2010 is 15.
mizaffofe |
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| Online Gaming Processing / Merchant Account |
I am looking for Banks / Merchant Broker or Payment Gateways for processing funds resulting from Gambling Websites.
I have several Online Gambling Companies who are constantly looking for new partners who can process funds from their large turnovers in the Gaming Industry.
Since large banks, eg Barclays, Deutsche Bank, Santander or UBS step back from processing Gambling related funds because of several reasons ( bad reputation, fraud protection and money laundry ) the need for "open minded" banks or payment gateways is enormous.
The procedure is easy and difficult at the same time: gambling sites need processing of their client payments which are done by visa / mastercard or amex.
Anybody has an idea or can help me?
Thanks in advance,
TomTom |
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| Hong Kong etc. |
I've been recieving this recently,
"I am sorry to inform you that according to our internal bank policy, we are unable to open account for US person.."
Is there a way around this?
Will I get the same if I appear in person, money in hand?phomsanuk |
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| US resident seeking...not to be! |
I'm a US resident seeking to terminate my residence in the next coupe of years - thinking of moving to sunnier shores. Anyone got any recommendations (young, free and single and moderately independently wealthy, if it helps!)
Also, how long will my association (for tax purposes) with the US last? Please tell me not forever...!Rick |
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| Jeg indrommer, jeg har ikke v?ret pa www.investorsoffshore.com i lang tid, men det var en anden gl?de at se, Det er sadan et vigtigt emne og ignoreret af sa mange, selv professionelle. Jeg takker dig for at gore folk mere bevidste om mulige problemer.GLOBO |
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