News Stories Tagged 'banking'
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Crown Dependencies Add To Economic Substance Guidance
by Jason Gorringe, Lowtax.net, London
10 May, 2019
The UK Crown Dependencies have added to joint guidance issued in December 2018 on the economic substance requirements that are effective for accounting periods commencing on or after January 1, 2019.
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BVI Supporting Firms To Comply With Economic Substance Code
by Mike Godfrey, Lowtax.net, Washington
10 May, 2019
The British Virgin Islands financial services promotional agency BVI Finance has held educational sessions on the new draft Economic Substance Code in the BVI, London, and Hong Kong.
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Bermuda Seeks Greater Say In Int'l Tax Policy Talks
by Mike Godfrey, Lowtax.net, Washington
14 January, 2019
The Bermuda Government has set out its plans to more actively engage in discussions on tax policy internationally, including newly establishing offices in Brussels and Washington DC.
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Bahamas Issues Guidance On Fiscal Crime Prevention
by Mike Godfrey, Lowtax.net, Washington
04 September, 2018
The Bahamas has published two new guidance documents for financial services firms on the prevention of fiscal crime.
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Crown Dependencies To Ensure Firms Have Economic Substance
by Amanda Banks, Lowtax.net, London
17 August, 2018
The Crown Dependencies of Jersey, Guernsey, and the Isle of Man are consulting on proposals to require companies tax-resident in the islands undertaking specific income-generating activities to demonstrate they have sufficient "substance" in the islands
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Jersey Says New Research Paper Debunks Myths Surrounding IFCs
by Amanda Banks, Lowtax.net, London
14 June, 2018
Jersey's business promotion agency, Jersey Finance, has published a new discussion paper prepared by a leading UK think-tank, which argues that international financial centers (IFCs) play a vital, positive role in the global economy.
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China To Open Up Financial Services To Foreign Firms
by Mary Swire, Lowtax.net, Hong Kong
13 April, 2018
The People's Bank of China has committed to putting forward measures to significantly open China's financial services industry to foreign competition, following an announced commitment to do so from President Xi Jinping.
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ADGM, Anaklia Special Economic Zone Forge Ties
by Lorys Charalambous, Lowtax.net, Cyprus
12 April, 2018
Abu Dhabi Global Market, the international financial center in Abu Dhabi, and Georgia's Anaklia Special Economic Zone, located on the Black Sea, have agreed to collaborate on initiatives to bolster growth in their respective financial markets.
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No New Taxes in Antigua And Barbuda Budget
by Mike Godfrey, Lowtax.net, Washington
17 February, 2018
Antigua and Babuda's recent 2018 Budget imposed no new taxes despite ongoing fiscal challenges and a high debt to GDP ratio.
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Malta Retains A+ Credit Rating
by Amanda Banks, Lowtax.net, London
14 February, 2018
Malta's credit rating of A+ with a stable outlook has been reaffirmed by Fitch Ratings.
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