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Offshore News

Another Solid Year For The DIFC

by Lorys Charalambous, Tax-News.com, Cyprus

Last updated 18 hours ago | Wednesday, February 22, 2012

Despite the impact of the European debt crisis, the global economic downturn and political turmoil in certain parts of the region, the Dubai International Financial Centre continues to strengthen its position as the leading international financial centre in the region. Read Full Story



Switzerland Mulls 'White Money Strategy'

by Ulrika Lomas, Tax-News.com, Brussels

Last updated 17 hours ago | Wednesday, February 22, 2012

Switzerland’s Finance Minister Eveline Widmer-Schlumpf has recently put forward the idea of compelling Swiss banks to obtain in future a declaration from their foreign clients confirming that their assets held in the Confederation are correctly taxed. Read Full Story



UK Insurers Braced For FATCA Impact

by Robert Lee, Tax-News.com, London

Last updated 20 hours ago | Wednesday, February 22, 2012

Proposed US regulations will impact on UK insurers in spite of hopes that they might have been excluded from the Foreign Account Tax Compliance Act regime. Read Full Story