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Newsletter
31st December 2010
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IO Exclusive Feature
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The EU Savings Tax Directive
In June, the EU Council issued an anodyne statement
which appeared to welcome the Parliament's agreement
to its plans. Since then there has been silence from
Brussels, and an Ecofin attempt to breathe life into
the proposals in January, 2010, came to nothing. The
truth is that unanimity on the proposed changes will
be extremely hard to achieve, so that the STD, like
many other contentious dossiers, was kicked into the
future to await the new regime that operates now. .
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HSBC
Bank International: Offshore Solutions for
Expats
We understand expat life
because we’re living it every day
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Advertisement |
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When it comes to your savings
and investments it’s good to talk
to people who understand your specific needs
and circumstances and what it’s like
to be an expat. As the part of the HSBC
Group dedicated to expats, HSBC Bank International
has been serving the needs of people living
and working abroad for over 40 years.
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People who understand expat life because
we deal with expats every day
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Experts on the ground in key locations
across the globe
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Offshore solutions designed to maximise
potential tax efficiencies for expats
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The ability to manage money in up to 16
different currencies including sterling,
US dollar and euro
And
with Expat
Explorer, the world’s largest
expat survey, now in its 3rd consecutive
year, we have a unique insight into expat
life across the globe.
Find
out more about offshore banking for expats
with HSBC Bank International
www.offshore.hsbc.com
Issued by HSBC Bank International
a trading name of HSBC Bank International
Limited, HSBC House Esplanade St Helier
Jersey JE1 1HS. HSBC Bank International
is regulated by the Jersey Financial Services
Commission for Banking, General Insurance
Mediation, Investment and Fund Services
Businesses. Licensed by the Guernsey Financial
Services Commission for Banking, Collective
Investment Schemes and Investment Business.
Licensed by the Isle of Man Financial Supervision
Commission. Deposits and Investments made
with non UK members of the HSBC group do
not benefit for the UK Financial Services
and Markets Act 2000, including the financial
Services Compensation Scheme. Copies of
our Terms and Conditions and Audited Accounts
are available on request. Approved for issue
in the UK by HSBC Bank plc 8 Canada Square,
London, E14 5HQ. ©HSBC Bank International
Limited 2010. All Rights Reserved. MC8393/SJ/2206494
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News Headlines |
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US
Housing Recovery Falters
Friday
31/12/2010
Data
through October 2010, released December 28 by Standard
and Poor’s, show a deceleration in the annual growth
rates in 18 of the 20 metropolitan areas and the 10- and
20-City Composites in October compared to what was reported
for September 2010.
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Basel
Committee Consults On Bank Bonus Disclosure
Thursday
30/12/2010
The
Basel Committee on Banking Supervision has issued for
consultation Pillar 3 disclosure requirements for remuneration,
which it has developed in consultation with the Financial
Stability Board, and which it believes will support effective
market discipline.
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Fund
Managers Voice AIFM Fears
Wednesday
29/12/2010
A
Preqin survey of over 100 alternative assets fund managers
and investors found that just under a third support the
European Union Alternative Investment Fund Manager Directive
to some extent, with firms in certain countries where
the new legislation will replace more restrictive existing
rules believing that it will serve to improve conditions.
However, for the majority there exists significant resentment
towards the Directive.
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Switzerland,
Mexico Revised DTA In Force
Tuesday
28/12/2010
The
protocol to amend the double taxation agreement between
Switzerland and Mexico entered into force on December
23.
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UK
FSA Hikes Banking Deposit Guarantees
Monday
27/12/2010
The
UK Financial Services Authority has confirmed that the
new deposit compensation limit for the United Kingdom
will increase from GBP50,000 to GBP85,000 per person,
per authorised firm, from December 31, 2010.
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New
On The Lowtax Network |
| 31/12 |
The
EU Savings Tax Directive, Investors
Offshore special feature |
| 30/12 |
New
Lowtax Editor Column, by Kitty Miv |
| 29/12 |
Hong
Kong Competition Bill Implications Discussed,
Caroline, PBTG editor |
| 29/12 |
USTR
Releases Report On China's WTO Compliance,
Tax-News.com |
| 24/12 |
Introduction
Of EU Customs Monitoring System Imminent,
Tax-News.com |
| 22/12 |
New
PBTG Editor Column, Caroline, PBTG
editor |
| 21/12 |
Flaherty
Urges Provinces To Consolidate Budgets,
Tax-News.com |
| 20/12 |
House
Passes US Omnibus Trade Bill, Tax-News.com |
| 17/12 |
France
Adopts 2011 Finance Bill, Tax-News.com |
| 15/12 |
Jurisdiction
Special Focus: Malta, Investors
Offshore special feature |
| 15/12 |
New
PBTG Editor Column, Caroline, PBTG
editor |
| 06/12 |
What's
wrong, America?, Jeremy Hetherington-Gore
blog entry |
| 27/10 |
Tax-
News.com Malta Review 2010-2011 |
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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.
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| 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. |
| Personal
Business Tax Guide Providing
essential tax news and information on
business for contractors, entrepreneurs,
professionals, small businesses, artists,
sportspersons and entertainers. |
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