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.
Guernsey Banking Sector Exhibits Strength In 2009,
by Phillip Morton, Investors Offshore.com
Friday, May 01, 2009
Developments over recent weeks show the continued strength of Guernsey’s
banking sector, according to Peter Niven, Chief Executive of Guernsey Finance.
In November last year Guernsey introduced a Depositor Compensation Scheme (DCS)
covering all retail depositors up to GBP50,000 per person per licensed bank.
Figures from the Guernsey Financial Services Commission (GFSC) show that the
value of bank deposits held by banks in Guernsey grew 15% in the final quarter
of last year, not only from currency movements but also through volume growth
to reach GBP157bn at the end of 2008.
Recent weeks have seen several more significant developments:
The launch in Guernsey of Clydesdale Bank International, a branch of Clydesdale
Bank which is owned by the National Australia Bank Group;
Butterfield Guernsey has reported that its profits in 2008 were 18% higher
than in the previous year;
Schroders Private Banking, which has operations in Guernsey, Jersey and London,
won the categories for High Net Worth (HNW) Image and Reputation and Ultra High
Net Worth (UHNW) Overall Client Service Quality at the Private Asset Management
(PAM) Awards 2009;
Yorkshire Guernsey has reported increased annual profits of 14% for 2008;
An announcement has been made that it is anticipated Skipton Guernsey
Limited and Scarborough Channel Islands Limited will integrate later in 2009
following the merger of Skipton Building Society and Scarborough Building Society.
Peter Niven, Chief Executive of Guernsey Finance – the promotional agency
for the Island’s finance industry, said: “These developments –
a combination of a new launch, profits growth, awards success and consolidation
– together paint a picture of a sector that is, on the whole, well placed
to remain robust in the face of challenging global economic conditions and is
in a strong position to continue bringing in new business flows during 2009.”
Clydesdale has established a dedicated operation in Guernsey at new offices
and with a seven-strong team of staff.
“Although Clydesdale already had a presence in the island, the opening
of a standalone business signifies our commitment to, and confidence in, Guernsey,”
said James Blower, Managing Director.
Mr Niven added: “Clydesdale Bank establishing this operation in Guernsey
is very good news for the island. It is extremely positive that Guernsey is
continuing to attract investment from operations associated with such quality
names like the National Australian Bank Group. This reemphasises the confidence
in the Island as a leading international banking centre, one which can boast
inclusion on the recent OECD ‘white list’ of transparent and co-operative
jurisdictions.”
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