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.
Monaco Discusses Financial Regulation,
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, April 15, 2008
On the initiative of Monaco's Financial Activities Auditing Committee (CCAF),
the annual meeting of the IFREFI (Francophone Institute for Financial Regulation)
has been held in the Principality.
According to the Monegasque authorities, IFREFI's first meeting in Monaco,
which was held from 2nd to 4th April 2008, is of key importance to the future
development of the Principality's financial management industry.
Established in 2002, the IFREFI groups together approximately twenty countries from
Europe, French-speaking Africa and Quebec. The goal of the Institute is to strengthen
cooperation and exchange between its members in the field of financial regulation,
a burning issue in the light of the financial market crisis of the last few
months.
The topics of the meetings, chosen by the regulators themselves, this year
concerned the subprime crisis and potential regulatory solutions, group savings
products, and codes of good conduct in financial information matters.
The opening of the 4th April session was held in the presence of Prince Albert
II, and brought together the Presidents of the CCAF, Christian de Boissieu and
the Authority for the French Financial Markets, Michel Prada, among others.
Established as an independent administrative authority, following the adoption
of new legal provisions on financial activities in September 2007, the Financial
Activities Auditing Committee is entrusted with the following:
Making a decision on requests for start-up funds and the opening of management
companies, as well as issuing authorizations;
Monitoring the regularity of the transactions carried out by approved companies;
Carrying out audits and putting a stop to any irregularities (if necessary,
imposing administrative sanctions);and
Cooperating with foreign counterparts in compliance with specific conditions
and procedures.
President Christian de Boissieu pointed out that, far from acting as a brake
for the development of the market, the regulator "is there to increase
its security and consequently help Monaco compete as a financial market”.
Secretary General of the CCAF, Jean Castellini, added that:
“With the
steady growth of consultancy and management firms setting up over the last few
years (41 at the end of February 2008), some of which are of high repute (Goldman
Sachs, Citigroup and hedge funds such as SRM), on the one hand we need to ensure
investors are given the best information possible on products available, and
on the other hand, to promote efficient financial and operational risk control
of the organisations supervised by the CCAF”.
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