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's Chief Minister Questions Onshore-Offshore Divide,
by Jason Gorringe, Tax-News.com, London
Monday, December 14, 2009
Guernsey’s Chief Minister, Lyndon Trott, told a major
London conference that the island should not be "dismissively" compartmentalized
as an offshore financial center.
He was speaking at The Future of Onshore and Offshore Financial Centres Conference
alongside Jeffrey Owens, Director of the Center for Tax Policy and Administration
at the OECD, and Michael Foot, Chairman of the Promontory Financial Group and
author of the recent HM Treasury commissioned report into the British Crown
Dependencies and Overseas Territories.
The Chief Minister said the onshore/offshore distinction was outmoded in the
modern globalized economy. Instead, he highlighted the island’s position in the Global Financial
Centres Index (GFCI), in which, in September this year, Guernsey was ranked
15th in the world.
“For a small island with a population of 62,000 people that’s something
we are immensely proud of. Although we are small in terms of land mass and population, we punch above our weight,” said Trott.
“That places us in the top bracket of what are referred to as offshore
finance centers – and ahead of so-called onshore centers such as Luxembourg
and Dublin.”
Trott said it was a reflection of the island’s mix of talent, independence
and natural assets and maturing financial services industry, and also a reflection
of an important and increasingly recognized link to the City of London.
The recently published Foot Review into British Offshore Financial Centers
showed that in Q2 2009, UK banks received more than USD330bn
from Guernsey, Jersey and the Isle of Man. In 2008 – the year of the financial crisis
– the level of net financing provided from Guernsey to the City was around 40% higher on average than just two years before.
Trott said that the independent verification of this figure was helping to
change perceptions of the island’s role in the international financial
system and its relationship with the UK.
A former financial trader before he entered politics, Trott acts as an overseas
ambassador for Guernsey in his role as Chief Minister.
This year he has made three visits to Brussels and also visited Washington,
Mexico and China to promote the island and its financial services business.
He highlighted the progress made with China during the address to the conference.
“We must conclude that the financial crisis has resulted in greater
scrutiny of all financial centers – and there’s a growing gap between
those at the top end, and the rest. That’s why we in Guernsey are committed
to staying ahead of the pack,” Trott 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