Firms such as Yahoo, eBay and Google have set up shop in Dublin, where the corporate tax rate is 12.5% compared with Britain’s 28%. Last week, Shire Pharmaceuticals became the first FTSE-100 company to relocate there. | Read this story. 0 Comments Report
Capita Financial Group has opened a dedicated new office in Guernsey as part of its growing fund administration push. The local company is headed up by Andrew Howat, who has extensive experience in the international and offshore funds arena. | Read this story. 0 Comments Report
Fund administrator Capita Financial Group, a subsidiary of the London-listed Capita Group, the UK's leading provider of outsourcing services, has established a dedicated Guernsey office headed by Andrew Howat, who has extensive experience in the international and offshore funds sector. | Read this story. 0 Comments Report
Despite the subprime turbulence and decline in stock market prices, the Swiss insurance business remains robust. Insurance companies are far better capital-ised today than they were in the crisis years 2001 and 2002 and have a much lower proportion of stocks in their total investment portfolios. 0 Comments Report
Offshore hedge funds, looking to benefit from possibly buying delinquent loans and subsequently selling them at a profit, are seeking tax exemption on such gains, the Wall Street Journal reported on Wednesday. | Read this story. 0 Comments Report
Shire, the UK's third largest pharmaceutical group, is to move offshore to escape the country's increasingly heavy tax burden. In what tax and business experts called a dangerous precedent, Shire announced on Tuesday it was to create a new holding company based in Ireland. | Read this story. 0 Comments Report
The LOM Group, a Bermuda-based offshore financial services company with subsidiary offices in the Bahamas, Cayman Islands, and London, has launched its newly redesigned corporate website. 0 Comments Report
A US-based risk consultant says there’s a big bulls-eye painted on Bermuda’s offshore financial centre (OFC), in terms of a potential decline of the industry because of struggles toward independence after 400 years, and fears of political corruption. | Read this story. 0 Comments Report
Multi-millionaire Jennifer Moses has taken out a mortgage on her £10million North London mansion using an offshore bank based in the Isle of Man. The tactic allows the U.S.-born former investment banker to maintain her non-domiciled status and benefit from enormous tax breaks.
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The negotiating teams of the Netherlands Antilles and the United Arab Emirates (UAE) will kick off the negotiation of a double taxation treaty during the second week of May. The negotiating teams have agreed to meet each other half way and will hold their talks in The Hague. | Read this story. 0 Comments Report
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