IO Daily
 |
Wednesday 10/3/2010
IO
News: US Wants Maximum Jail-Time For Petters
Prosecutors for the United States government are urging US District Judge
Richard Kyle to give convicted investment fraudster, Thomas Petters,
the maximum jail sentence possible - 335 years - for perpetrating a
USD3.65bn fraud scheme.
RSS  | IO
By Email
|
|
 |
Tuesday 9/3/2010
IO
News: Hong Kong Makes Hay
Secretary for Financial Services and the Treasury Professor KC
Chan said in New York at the weekend that Hong Kong's favourable
policies for the offshore fund industry
reinforces its position as Asia's premier asset management centre.
RSS | IO
By Email
|
|
 |
Monday 8/3/2010
IO
News: CESR Seeks Shorting Restrictions
In a report submitted as technical advice to European institutions, the Committee of European Securities Regulators has recommended the introduction of a pan-European disclosure regime for net short positions in shares.
RSS | IO
By Email
|
|
 |
Friday 5/3/2010
IO
News: Soros Joins The Gold Rush
In spite of his view that the rampant price of gold is a bubble that
threatens to burst, George Soros, one of the world's leading hedge fund
managers, is buying into the precious metal on a large scale.
RSS | IO
By Email
|
|
 |
Thursday 4/3/2010
IO
News: Investable Hedge Fund Indices Launched
Greenwich Alternative Investments, a leading source of hedge fund industry data, has announced the launch of seven new investable hedge fund indices to complement its existing lineup of actively managed, strategy-based investable indices.
RSS | IO
By Email
|
|
 |
Friday 26/2/2010
IO
News: SEC Approves Short Selling Restrictions
The US Securities and Exchange Commission has adopted a new rule to place certain restrictions on short selling when a stock is experiencing significant downward price pressure. The measure is intended to promote market stability and preserve investor confidence.
RSS | IO
By Email
|
|
 |
Thursday 25/2/2010
IO
News: Investors Sell Ahead Of Possible UK Tax Hike
Property consultants have reported a significant rise in the number of second home-owners and long term investors in central London putting their properties up for sale as speculation grows that the government will increase the capital gains tax rate in the 2010 budget, due to be announced in the coming weeks.
RSS | IO
By Email
|
|
 |
Wednesday 24/2/2010
IO
News: Has The Dubai Property Market Bottomed?
The head of one of Dubai's largest property companies believes that the crisis in Dubai's sliding real estate market is largely over and that prices will decline no further, although a recovery in the city's market is not expected to take hold until next year.
RSS | IO
By Email
|
|
 |
Monday 15/2/2010
IO
News: Lords Criticize EU Hedge Fund Directive
Echoing sentiments expressed recently by a senior official from the Financial Services Authority, members of a House of Lords committee have warned that plans for regulating hedge funds at European Union level are unworkable as they currently stand and could lead to a loss of competitiveness for European alternative investment funds.
RSS | IO
By Email
|
|
 |
Friday 12/2/2010
IO
News: UCITS Hedge Fund Offerings Proliferate
More than 200 hedge fund offerings now comply with the European Union's UCITS III guidelines, reflecting the continued evolution of the industry to meet institutional investor standards, according to Hedge Fund Research Inc.
RSS | IO
By Email
|
|
 |
Wednesday 10/2/2010
IO
News: Euro Comes Under Attack; Sterling Under Pressure
Hedge fund managers and traders are lining up huge bets against the euro as concerns grow that the debt crisis in Greece and Spain's precarious fiscal position will weight down on the single European currency. Shaky confidence in the UK's ability to meet its debt obligations has also led one prominent hedge fund manager to label it a doomed currency.
RSS | IO
By Email
|
|
|
Tuesday 9/2/2010
IO
News: Hedge Funds Return To UK Property
Hedge funds are showing renewed interest in London's commercial real estate sector as low interest rates and more confidence among investors over economic prospects fuel demand in the asset class, not just in the UK but globally.
RSS | IO
By Email
|
|
|
Thursday 4/2/2010
IO
News: Congress Examines Plans to Rein In Wall Street
President Obama's plans to preclude the country's largest banks from running their own hedge funds and other proprietary trading activities have received the support of a key Senate lawmaker during their first examination by Congress, although now that the Democrats have lost their Senate 'super majority,' the proposals may have to be watered down if they stand a chance of becoming law.
RSS | IO
By Email
|
|
 |
Friday 29/1/2010
IO
News: Sarkozy Wants To Clip Banks' Wings
French President Nicolas Sarkozy has told a meeting of the World Economic Forum in Davos that fundamental changes to global capitalism are needed if a repeat of the financial crisis is to be avoided, including new rules to stop banks and their hedge funds from 'speculating,' and an end to freely-floating currency regimes.
RSS | IO
By Email
|
|
 |
Tuesday 26/1/2010
IO
News: Surveys Find Trend Towards Equities
Two recent surveys are showing a trend towards more investment in equities. The BofA Merrill Lynch survey attributes this to greater risk appetite; Scorpio Partnership suggests it is at the expense of the hedge funds.
RSS | IO
By Email
|
|
 |
Monday 25/1/2010
IO
News: No Progress On Savings Tax Directive
The EU's Ecofin Council (the bloc's decision body for financial regulation)
met this week under the Chairmanship of Ms Elena Salgado, Second Vice-President
of the Spanish Government, and unsurprisingly failed to make any progress on
revisions to the Savings Tax Directive.
RSS | IO
By Email
|
|
 |
Friday 22/1/2010
IO
News: Dubai Oil Trading Is Entrenching Itself
The Dubai Merchantile Exchange, which trades oil, has reported a positive year
for 2009. Liquidity has increased with trading volumes achieving a 69% year-on-year
increase and average daily volumes approaching 3,000 lots in the last quarter.
RSS | IO
By Email
|
|
 |
Thursday 21/1/2010
IO
News: More Good News For Hedgies
Further evidence has emerged of the recovery of the hedge fund sector in 2009
with the publication of figures by The Eurekahedge Report this week showing
an eighth straight month of asset growth, although inflows accounted for only
a small part of total gains of USD4.6bn. Total assets reached nearly USD1.5
trillion, said the Singapore-based firm, showing growth in the year of nearly
20%, matching or exceeding equity and bond market gains.
RSS | IO
By Email
|
|
 |
Wednesday 20/1/2010
IO
News: Signs Of Life In Barbados Property Market
Real estate agent Cluttons says that now is the time to buy in Barbados, with
a buzz returning to the market. The firm is optimistic about 2010, with figures
over the last quarter showing significant signs of improvement in property sales
enquiries and actual transactions.
RSS | IO
By Email
|
|
 |
Tuesday 19/1/2010
IO
News: Swiss Banks Rebound From Italian Amnesty Debacle
Morgan Stanley has estimated in a research report that the Italian 'offshore'
tax amnesty will have been more successful than originally estimated, with up
to a quarter of the EUR400bn estimated 'illegitimate' overseas financial assets
of Italians having been declared to the authorities by the time that the amnesty
finally comes to an end this April.
RSS | IO
By Email
|
|
|
Network Alternative Investment Related News
> Archive
11/3 Swiss German Tax Talks Resume During a recent visit to Berlin, Switzerland’s State Secretary Michael
Ambühl, Head of the State Secretariat for International Financial Matters in the Federal Department of Finance, met with representatives of
Germany's Federal Ministry of Finance and Federal Chancellery to exchange ideas
on current financial and tax policy issues.
11/3 Bahrain And UK Sign DTA The Kingdom of Bahrain’s Minister of Finance, Shaikh Ahmed bin Mohammed
Al Khalifa, and UK ambassador, Jamie Bowden, signed
a comprehensive double taxation agreement between the two countries in Manama
on March 10.
11/3 Swiss Financial Centre Plan Unveiled Switzerland’s ruling Liberal party, the FDP, has announced its intention to adopt
a more developed and concrete strategy for the Swiss financial centre, in order
to address the challenges it faces and to proactively strengthen its
position.
11/3 Deloitte UK Offers Year-End Tax Tips Tax advisory firm, Deloitte has urged UK taxpayers to avail of all outstanding
available tax reliefs, for income tax, capital gains and inheritance tax, to
reduce their individual tax liability, before the start of the next fiscal year.
11/3 Lord Paul Relinquishes Non-Dom Status Lord Paul, a Labour member of the House of Lords and a major
financial backer of the UK's governing party, has said that he intends
to relinquish his non-domiciled status for tax purposes and pay full UK
taxes on his income.
10/3 Dubai Woos North American Investors The Dubai International Financial Centre on March 8 hosted a delegation
from the American Chamber of Commerce Executives, an association for
chamber of commerce professionals in the United States and Canada, aimed at
enhancing financial services synergies between the emirate and the two nations.
11/3 Germany's CDU Favours Bank Tax Germany’s Christian Democratic Union party are eager to levy a special
tax on banks as a contribution to the cost of rescuing the financial sector.
10/3 Guernsey Funds Value Increases End of year figures released on March 8, by Guernsey Finance, the promotional
agency for the island’s finance industry, show that the value of investment
funds in Guernsey increased by GBP2.7bn (1.5%) during the final three months
of last year.
10/3 India To Expand TIEA Network India’s Prime Minister, Manmohan Singh, has announced his intention to expand
the country’s Tax Information Exchange Agreement network, starting with
Bahamas and Bermuda, with whom India has already agreed the text of an agreement.
10/3 New UK Trust Law Brings Greater Flexibility UK law firm, Boodle Hatfield, has observed that new trust legislation, due
to enter into force on April 6, will allow those looking to establish new trusts
greater flexibility.
9/3 Jersey To Showcase Island In UAE As part of Jersey’s aim to promote the island to new markets, Jersey Finance
will visit Abu Dhabi and Dubai next week to promote the benefits of using Jersey
for structuring transactions and for the management of private wealth.
9/3 DFSA Signs MoU With French Regulator Dubai’s Financial Services Authority on March 5 signed a Memorandum of Understanding
with the Autorité des marchés financiers of France, the French
securities regulator.
9/3 St Kitts And Nevis Nears White List The Caribbean federation of St Kitts and Nevis signed its tenth Tax Information
Exchange Agreement with Australia at a ceremony on March 5.
8/3 BVCA Releases Budget Submission In a submission to the UK government ahead of the budget, the British Venture Capital Association has welcomed efforts to facilitate the development the growth and development of small businesses, but has argued that further action could be taken in this area without imposing additional cost.
9/3 Guernsey Releases Bank Deposit Figures Guernsey’s banking sector is in a more positive position than the continuing
decline in deposit levels might suggest, according the head of the promotional
agency for the Island’s finance industry.
9/3 IoM Company Fees To Rise The Isle of Man government has provided details of changes, announced in the
February budget, to company registration rules, including increases to certain company fees.
9/3 Caribbean Explores Fiscal Cooperation Ahead of the World Bank meeting, to be held on March 11-12, where CARICOM Finance
Ministers will meet to discuss challenges that the region faces, CARICOM Secretary
General, Edwin Carrington said it was vital for Caribbean economies to increase economic cooperation and remove fiscal barriers, for the prosperity of the region going forward.
9/3 Germany Debates Stolen Data Law According to legal experts from both the Christian Democratic Union and
the Free Democratic Party, a law must be drawn up in order to prohibit the
purchase of stolen tax data discs.
8/3 Australia, San Marino Sign TIEA Australia’s Assistant Treasurer, Nick Sherry, on March 5 announced the
signing of a Tax Information Exchange Agreement with San Marino, which will
allow for the exchange of taxpayer information between the two countries’
tax authorities.
8/3 Demand Grows For Tax Transparent Vehicles There has been steady growth in popularity of tax transparent pooling vehicles across the investment community in recent years, as investors embrace these vehicles to facilitate economies of scale, efficiency and improved performance, according to BNY Mellon.
8/3 Switzerland Postpones UBS Inquiry Switzerland’s Council of States has elected to postpone the setting up of
a special commission to investigate the UBS case, sparking outrage from the country’s
lower chamber of parliament.
8/3 Hong Kong To Shed Light On 'Dark Pools' The Hong Kong Securities and Futures Commission is monitoring the operation of ten 'dark
pools' - facilities allowing securities transactions to occur outside traditional exchanges - which it has become concerned about.
8/3 German U-Turn On Tax Data Disc In a dramatic about-turn, the German government has made known its intention
to press ahead with the purchase of the tax data disc offered to federal state
Baden-Württemberg.
5/3 DME Sees Record Trading The Dubai Mercantile Exchange announced on March 4 that a new record total open
interest of 19,867 was achieved in its flagship DME Oman Crude Oil Futures Contract in February 2010.
5/3 Cayman Economy Struggles The Cayman Islands Economics and Statistics Office has released its Economic
Report for the Third Quarter of 2009, showing further deterioration in the island’s economy
in all but the banking sector.
5/3 Judge Slams ATO Tax Rulings During a speech to the annual convention of the Taxation Institute of Australia,
Richard Edmonds, a judge of the Federal Court specializing in tax affairs, has
strongly criticized the law central to the recent draft rulings by the Australian
Taxation Office on the tax treatment of private equity investments by foreign
investors.
5/3 Bahamas Enhances Business Environment In his mid-year budget presentation to Parliament, Bahamas Prime Minister Hubert Ingraham addressed
improving the business environment, touching specifically on the streamlining
of the regulation of the financial services sector.
5/3 New Swiss-Dutch DTA Signed It has recently emerged that Switzerland and the Netherlands have signed a new
double taxation agreement.
5/3 Russia Discusses VC Incentives Russia's ministry of economic development has countered last month's ministry of finance proposals to stimulate innovation and modernization of the economy with a much more adventurous tax incentive package for venture capital, including capital gains tax holidays.
4/3 Canada To Amend Trust Tax Canadian Minister of Finance, Jim Flaherty last week announced his intention
to propose amendments to the Income Tax Act that will be beneficial to employee
life and health trusts.
4/3 IoM To Extend Ombudsman Scheme The Isle of Man Office of Fair Trading has issued proposals to extend the remit
of the Financial Services Ombudsman Scheme to include the category of Money
Transmission Services.
4/3 IoM To Change Fund Regulations The Isle of Man Financial Supervision Commission on March 1 launched a consultation
on amendments to Authorised Collective Investment Schemes Regulations, which
have been drafted in order to maintain equivalence with the UK Financial Services
Authority’s requirements.
4/3 Cayman Report Rejects Direct Taxation An academic report examining the fiscal challenges facing the Cayman Islands
has rejected the UK government’s recommendation that the Caymans should
introduce direct taxation to solve its financial difficulties.
4/3 Ireland To Strengthen Regulatory Regime A new Annual Regulatory Forum, focused on ensuring that the economic regulatory
system in Ireland is ‘fit for purpose,’ robust and responsive to
changing economic, environmental and social needs, has been announced by Irish
Prime Minister, Brian Cowen.
4/3 MEPs Push Transactions Tax According to the European Development Committee, European member states
must not only deliver on their international aid pledges, but must also introduce
a financial transactions tax and a temporary debt moratorium, in order to help
developing countries to cope with the effects of the global financial and economic
crisis.
4/3 US To Police Tax-Exempt Bond Market The US Securities and Exchange Commission and the Internal
Revenue Service have agreed to work more closely to monitor and
regulate the municipal bond market and industry.
3/3 Bermudan Budget Announced Bermuda’s Minister for Finance, Paula Cox, announced in the 2010-11 government budget increases to payroll tax, foreign currency purchase tax, stamp duty on estates, and vehicle licence tax. There is also to be a biennial review of government fees.
3/3 Jersey Announces Fall In Deposits The Jersey Financial Services Commission has released statistics showing that bank deposits and funds held in Jersey have fallen sharply, although Jersey Finance, the island's promotional body for the finance industry, has stressed that despite the negative figures, largely the result of the financial crisis, there are signs that some confidence is returning to the market.
3/3 South Korea And Switzerland Discuss TIEA South Korea’s Ministry of Strategy and Finance has disclosed that there
are talks in progress to add a provision for the exchange of tax information to
the existing double taxation agreement between South Korea and Switzerland.
2/3 Switzerland Mulls WHT On Undeclared Assets It has recently emerged that Switzerland is to evaluate a series of tax initiatives,
designed to tackle the existence of foreign undeclared assets in Swiss bank accounts, but without compromising the country's cherished banking secrecy laws.
2/3 San Marino Impacted By Crisis The International Monetary Fund, in its Article IV consultation with San Marino, has reported that the territory’s economy has been severely affected by the global financial crisis, and the recent international developments in tax information exchange and transparency.
2/3 EC Approves Irish NAMA The European Commission has approved, under EU state aid rules, the establishment
of the National Asset Management Agency, an impaired asset relief scheme
for financial institutions in Ireland.
1/3 Entrepreneurs Struggling To Find Funding Although increasing lending to businesses both large and small is almost universally recognised as necessary to stimulate economic growth in the UK, it has emerged that a number of the banks tasked with so doing as part of the terms of their government bailout, have been failing to keep up their end of the bargain, forcing entrepreneurs to look towards alternative financing measures.
2/3 Italy And Switzerland Consider Resumption Of DTA Talks A joint declaration from the recent Italian-Swiss inter-parliamentary delegation
hoped for a resumption, as soon as possible, in negotiations for the new double
taxation agreement between Italy and Switzerland.
2/3 Jersey To Invest In Financial Services Sector The Jersey government has announced that it is to invest fiscal stimulus funds
to protect jobs in the island's finance industry.
2/3 Dubai Agreement To Enhance Business Environment The Dubai Department of Economic Development and the Dubai International
Financial Centre Authority have signed a co-operation agreement
to unify licensing procedures and further enhance the business environment for
investors in Dubai.
1/3 Consultation On IOM Business Taxation Begins The Isle of Man Income Tax Department has begun consultation on the future of
business taxation on the island following scrutiny of its 0/10% regime from the European Union Code of Conduct For Business Taxation Group.
1/3 Switzerland Unveils Strategy To Combat Tax Fraud The Swiss Federal Council has unveiled details of measures for implementing
its financial market strategy, including initial measures designed to combat
tax fraud and tax evasion.
1/3 Another Offshore Insurer To Relocate To Ireland Insurance firm, United America Indemnity has announced its intention to re-domicile
from the Cayman Islands to Ireland. The firm's shareholders will be asked to
vote in favour of completing the reorganization proposal at a forthcoming shareholders
meeting. If the proposal is accepted, the Company will become a wholly owned
subsidiary of Global Indemnity plc, an Irish company.
26/2 French Bill To Benefit Entrepreneurs The French National Assembly has adopted a bill providing for the creation of
a new legal structure in France, a sole proprietorship company with limited responsibility
(enterprise individuelle à responsabilité limitée), designed to protect individual entrepreneurs, and to provide significant
fiscal benefits.
Alternative Investment News Archive |
|
|
 |
|
|
|
|
|
|
|
|
|
New On The Lowtax Network Today
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below. |
| |
| TODAY 11/03: Estonia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 10/03 Lowtax
Labuan, annual update |
| 09/03 Word
Search Puzzle, on Lowtax |
| 08/03 Jobs
For All,
Jeremy Hetherington-Gore blog |
| 05/03 Belgium
Summary PBTG Guide,
added to Personal Business Tax Guide |
| 04/03 New
Lowtax Editor Column,
by Kitty Miv |
03/03  Personal
Business Tax Guide, PBTG, has launched!
|
 |
| Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers. |
| 02/03 Personal
Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
|
| 24/02 Lowtax
Cyprus, annual update
|
| 22/02 Lowtax
Brunei, annual update
|
| 17/02 Dubai
- A Stately Business Dome Decreed, Investors Offshore special feature
|
| 15/02 Lowtax
Australia,
major content expansion
|
| 27/01 Lowtax
Germany, major content expansion
|
| |
|
| |
| Lowtax Network Sites |
| Lowtax Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| |
|
|
|
|
