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.
Gibraltar Reminds Savers Of Deposit Protection Scheme,
by Robert Lee, Tax-News.com, London
Tuesday, October 07, 2008
The Gibraltar Financial Services Commission (FSC) has been moved to remind depositors
in the jurisdiction's banks that they are protected by a deposit protection
arrangement in existence in the jurisdiction.
The FSC said that whilst the Rock is well placed to withstand most of the current
banking crisis striking Europe and the United States, savers should nevertheless
be made aware of these deposit protection arrangements.
"With the present financial situation being so prominent in world news
events, it is normal for depositors to show a level of concern about the security
of their deposits," the FSC said in a statement.
The Gibraltar Deposit Protection Scheme covers 90% of a bank's total liability
to a depositor, subject to a maximum payment to any one individual of GBP18,000
(or EUR20,000, if greater). A bank's total liability to a depositor is the aggregate
of all accounts in the name of that depositor, including the depositor's share
in a joint account or a client account. Joint accounts are normally divided
equally between account holders.
However, a number of deposit-takers operating in Gibraltar do so as branches
of UK banks or building societies. In these cases, the deposits are covered
by the UK Financial Services Compensation Scheme, which, as of October 7, guarantees
deposits up to a limit of GBP50,000. These branches include Barclays Bank PLC,
Leeds Building Society, Lloyds TSB Bank plc, Newcastle Building Society, and
Norwich & Peterborough Building Society
Deposits with all other banks are covered by the Gibraltar scheme.
"The FSC would like to reassure the general public that it is closely
monitoring developments in the financial markets and does not expect these arrangements
to have to be brought into effect," the statement 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