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OTs: Overseas Territories seek to expand international trade ahead of Brexit. (10/07/2019)
As the UK faces the uncertainties and the very real challenges that life outside the European Union will bring, the UK’s overseas territories (OTs) are looking for ways to deepen regional and global trade.... read more
UK: Overseas Territories’ leaders unite against ‘modern colonialism’. (10/07/2019)
Leaders from Britain’s overseas territories met in the Cayman Islands last week and pledged to work together to defend their right to self-government in the wake of perceived “constitutional overreach” from the United Kingdom.... read more
INT’L: Estera put up for sale by its private equity owners for £700m. (10/07/2019)
The company connected to the Paradise Papers leak has been put up for sale by its private equity owners for up to £700million.... read more
UNITED ARAB EMIRATES: UAE introduces country-by-country reporting for companies. (10/07/2019)
The UAE has introduced country-by-country (CbC) reporting for companies in order to strengthen its international regulations in line with OECD countries, which will also change the compliance landscape in the country.... read more
GLOBAL REGULATION: FATF Issues Guidance on Terrorist Financing Risk Assessments. (10/07/2019)
The FATF (Financial Action Task Force) has released new guidance to help practitioners assess TF (terrorist financing) risk.... read more
GLOBAL REGULATION: OECD finds tax automatic exchange has increased transparency, agrees on digital economy taxation roadmap. (10/07/2019)
In the lead up to the Group of 20 (G20) Finance Ministers and Central Bank Governors’ Meeting, the Organisation for Economic Co-operation and Development (OECD) released data that show that automatic exchange of information on financial accounts is i... read more
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Challenges and Digital Solutions for Swiss Charitable Foundations
A short introduction to the challenging tasks of the board of a Swiss charitable foundation and the opportunities when using digital means.
The UK’s Place in International Philanthropy
The UK has a long history of philanthropic activity, but there is, nevertheless, a certain (and increasing) degree of administration, formality and disclosure involved with establishing and maintaining an English charitable structure.
Is Midshore the New Offshore?
As offshore financial centres come under increasing pressure, their counterparts in Asia offer a compelling alternative.
Trusts and Latin America: A Walk Down Memory Lane.
The trust is a highly flexible and adaptable instrument, as it can perform in a variety of venues and fulfil many needs. The needs of family groups in Latin America, especially in the absence of reliable institutional and economic sanctuary, make the
TCSPs: The New Gatekeepers of the Financial System
Recent developments in Anti-Money Laundering (AML) legislation are an indicator of the trend. In the last 12 months, there has been a flurry of new initiatives for practitioners and advisors to keep abreast of. In June 2018, the EU passed the Fifth A
OECD Addresses Tax Transparency Risks Linked to Citizenship and Residence by Inv
In September 2018, almost 90 jurisdictions automatically exchanged information pursuant to the OECD/G20 Common Reporting Standard (CRS), allowing tax authorities to gain insights in the financial accounts held by their taxpayers abroad.
UAE, the International Corporate Registry of Choice.
Rak ICC: The United Arab Emirates (UAE) has been a destination of choice for starting or growing businesses for decades now. Most investors find its economic stability, steady growth, larger markets, investor-friendly processes and a tax-free regime
The Future of State Sovereignty and Taxation in The European Union.
Giving up independent taxation would wrench a crucial element of economic sovereignty out of the hand of national governments. The question cannot be considered in isolation; it is part of the entirety of the EU’s economic and political environment
THE OECD, the EU and Tax Fraud – but Whose?
The OECD and EU and their numerous academic fellow travellers have, since 1998, been engaged in perpetrating upon their putative masters in the G20 (and the peoples whom they are paid to serve) a massive intellectual fraud embracing economics, law, p
IFCs Need to Become Apple
In today’s regulatory environment, International Financial Centres (IFCs) have just one choice left – differentiation. IFCs need to be the Apple of their market segments. Here’s why.
Are Public Registers of Beneficial Owners in breach of the GDPR?
While the general anti-money laundering provisions have found their way into the statute books of virtually all EU member states, central registers are taking off slowly, mainly because of a fundamental debate they introduce on the relationship betwe
Hong Kong versus Singapore – Why Does It (not) Matter?
To achieve the growth of Asia, Singapore and Hong Kong should accept that they each have different strength and geographic focuses as well as essential commonalities.
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Latest Articles
Bermuda’s Reformed Charities Regime
  Read about Bermuda’s new Charities Amendment Act 2018 and find out what steps charity trustees of existing privately funded Bermuda charities will need to follow next. (01/12/2018)
As the Blockchain Revolution Moves Offshore, What are the Challenges?
  As the Cayman Islands, Bermuda, the BVI and other offshore jurisdictions position themselves as FinTech hubs, there are certain regulatory risks and challenges that each jurisdiction must overcome in this new blockchain era. (01/12/2018)
Q&A with David Lidington, Minister of the Cabinet Office
  The UK’s secure relationship with the British Overseas Territories has been thrown into question following the UK parliament's decision to implement public registers of beneficial ownership. (01/12/2018)
In the Chair …Anthony Travers, Travers Thorp Alberga
  The IFC Economic Report invites Anthony Travers to discuss Westminster’s public register demands and asks if existing tensions could result in a push by some of the Overseas Territories to break away from Britain. (01/09/2018)
Latest Articles
Q&A with David Lidington, Minister of the Cabinet Office
  The UK’s secure relationship with the British Overseas Territories has been thrown into question following the UK parliament's decision to implement public registers of beneficial ownership. (01/12/2018)
Barbados' Chance to Lead in DLT Innovation is Now
  The rate at which the various island states are embracing FinTech varies. However, many small jurisdictions and their governments are sitting on what could be classified as a hotbed of opportunity. (01/09/2018)
Offshore: The Leaders, the Trends and the Opportunities
  Dan Wise looks at why certain IFCs prosper. He discusses regulation and investment opportunities, and opines on the implementation of public registers of beneficial ownership in the British Overseas Territories. (01/09/2018)
The Big Debate: How Credible are Tax Haven Blacklists?
  Fran Hendy, International Lawyer and Treaty Negotiator at Invest Barbados presents her stance. (31/07/2018)
Latest Articles
As the Blockchain Revolution Moves Offshore, What are the Challenges?
  As the Cayman Islands, Bermuda, the BVI and other offshore jurisdictions position themselves as FinTech hubs, there are certain regulatory risks and challenges that each jurisdiction must overcome in this new blockchain era. (01/12/2018)
Q&A with David Lidington, Minister of the Cabinet Office
  The UK’s secure relationship with the British Overseas Territories has been thrown into question following the UK parliament's decision to implement public registers of beneficial ownership. (01/12/2018)
In the Chair …Anthony Travers, Travers Thorp Alberga
  The IFC Economic Report invites Anthony Travers to discuss Westminster’s public register demands and asks if existing tensions could result in a push by some of the Overseas Territories to break away from Britain. (01/09/2018)
Offshore: The Leaders, the Trends and the Opportunities
  Dan Wise looks at why certain IFCs prosper. He discusses regulation and investment opportunities, and opines on the implementation of public registers of beneficial ownership in the British Overseas Territories. (01/09/2018)
Latest Articles
Offshore: The Leaders, the Trends and the Opportunities
  Dan Wise looks at why certain IFCs prosper. He discusses regulation and investment opportunities, and opines on the implementation of public registers of beneficial ownership in the British Overseas Territories. (01/09/2018)
Why the Bahamas Remains the Clear Choice
  The Bahamas continues to pursue its vision to be a globally competitive international business centre for wealth management, residency, capital investment in the Americas and emerging markets. Its ability to realise this vision has much to do with a (29/06/2018)
Bahamian Tax Policy: Strategic Considerations
  Industry participants recognise that carefully planned, sweeping changes to the tax system may impact The Bahamas’ competitiveness vis-à-vis other international financial centres, and the long-term success of the financial services sector will depend (29/06/2018)
The Bahamas: Clearly Focused
  "We have to be in a state of continuous improvement to ensure that we remain aligned with international standards. The work does not stop,” explains Tanya C. McCartney. (01/06/2018)