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.
Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers.
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.
Caribbean Countries Speak Out Against Unfair Criticism,
by Philip Morton, Investors Offshore.com
Tuesday, June 16, 2009
There are signs that Caribbean 'tax havens' are becoming more proactive in working together to counter the accusations made against them.
Speaking to Accountancy Age, Anthony Travers said that criticism from the Organisation for Economic Cooperation and Development on the role of the Cayman Islands as a centre for tax evasion is ‘one horrible mischaracterisation.
Business consultant and former diplomat Sir Ronald Sanders has proposed that Caribbean countries join together and address their grievances to the World Trade Organisation (WTO). Sir Ronald, in an interview with Inter-American Dialogue, pointed out that the end effect of American actions aimed at 'tax havens' was to move Caribbean business to jurisdictions with more political clout like Hong Kong and Singapore. 'Such action will be viewed in the Caribbean as discriminatory and unfair. Offshore jurisdictions service legitimate demands of individuals and corporate entities in developed countries that wish to take advantage of better fiscal and legal structures in the offshore centers of their choice,' he said. 'US corporations should resist attempts to restrain their trade, and affected Caribbean jurisdictions should test any such restraint by collectively filing formal complaints at the WTO. The issue is not about regulation but about global free trade. The majority of business conducted through offshore centres is legal in the country of origin of the investors, taking advantage of the benefit of the originating country's tax breaks and special provisions that have built up over generations of home country tax bills, often intended to serve some particular interest,' Sir Ronald noted.
The Cayman Islands has cooperated at the earliest stages, with anti-moneylaundering legislation dating back to 1990 and some 27 Tax Information Exchange Agreements - some completed as early as 2001. Speaking exclusively to AccountancyAge, Mr Travers claims: "They only count treaties in a form they approve". Travers said that the OECD’s guidelines on encouraging offshore centres to sign international tax standards illustrated that the issue was not about tax evasion, but rather EU countries seeking to control the flow of mobile capital. "It’s about tax competition not tax evasion. They [the EU] regard our low tax rates as threatening. People want to invest through a tax neutral platform. We’re tax neutral - we don’t add an additional layer of tax through our financial structures", he said.
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
Advertising & Marketing
With over 50,000 qualified readers every month our web-sites
offer a number of cost effective, targeted advertising,
sponsorship and marketing opportunities:
Display advertising - from 'skyscrapers' to 'buttons'
Content/article submission and sponsorship
Opt-in email marketing
On-line Services Directory listings
Could your corporate web-site or newsletter benefit
from incorporating regularly updated news and content
tailored to serve your clients' interests? We can provide
a variety of maintenance-free news and content solutions
that can be seamlessly integrated and dynamically delivered:
Click here for a brief introduction
to RSS and instructions on how to get the Tax-News feed.
IMPORTANT NOTICE: THE LOWTAX NETWORK has
taken reasonable care in sourcing and presenting the information contained on
this site, but accepts no responsibility for any financial or other loss or damage
that may result from its use. In particular, users of the site are advised to
take appropriate professional advice before committing themselves to involvement
in offshore jurisdictions, offshore trusts or offshore investments. All materials
on this site copyright THE LOWTAX NETWORK 1999 to 2010. Contact
us for further information.
TAX-NEWS.COM
Free Tax-News Feed