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.
Scotiabank Establishes Operations In The DIFC,
by Mary Swire, LawAndTax-News.com, Hong Kong
Thursday, December 31, 2009
The Dubai International Financial Centre (DIFC) has announced that Scotiabank,
one of North America's leading financial institutions, has received a license
from the Dubai Financial Services Authority (DFSA) to operate within the financial
district.
Scotiabank is the first Canadian bank to operate from the DIFC. The license
allows the bank's ScotiaMocatta division – a global leader in precious metals
trading, financing and physical products – to open its own branch in the DIFC.
"We are very happy to welcome Scotiabank, the first Canadian bank to
join the DIFC," said Ahmed Humaid Al Tayer, Governor of the DIFC. "As the DIFC begins to play a more prominent role in
the global economy, we are keen to expand the industry cluster within the financial
district with new companies from across the global financial industry that can
bring unique new expertise to the region. Scotiabank's presence will further
enhance the geographical diversity of firms in the DIFC."
ScotiaMocatta has operated in Dubai since 1998 through an alliance with National
Bank of Dubai (NBD), providing gold loans and price hedging facilities to Dubai-based
bullion traders, jewelers, manufacturers and refiners.
"This is a strategic initiative that reflects our confidence not only
in the precious metals market, but also in the region," said Barry Wainstein,
Vice-Chairman and Deputy Head, Global Capital Markets, and Global Head, Foreign
Exchange and Precious Metals.
“As the size and sophistication of the precious metals market in the
Middle East continues to grow and evolve, Scotiabank recognizes the importance
of establishing a stand-alone presence in the region," said Pramod Mohan,
Senior Executive Officer at the Dubai branch. "Dubai is ideally located
in a large wholesale and consumer market and is uniquely positioned to channel
gold from the international markets to the ultimate destination."
Abdulla Mohammed Al Awar, CEO, DIFC Authority, said: "By virtue of its
ability to offer a secure, stable and growth oriented platform for international
financial institutions, DIFC has continued to attract leading financial institutions
over the past year despite the global financial crisis. Scotiabank's decision
to base the regional branch of its division ScotiaMocatta in the financial district
is testimony to the confidence of global financial industry in the DIFC. With
its vast experience in precious metals trading and financing, ScotiaMocatta,
will add new value to the pool of expertise available in the financial district."
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.