News Stories Tagged 'international financial centres (IFC)'
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US Insurance Regulator Grants Bermuda Reciprocal Jurisdiction Status
by Jason Gorringe, Lowtax.net, London
31 December, 2019
Bermuda has been granted Reciprocal Jurisdiction status effective January 1, 2020, and has had its status as a Qualified Jurisdiction extended by the National Association of Insurance Commissioners (NAIC), after a five-year evaluation.
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Jersey Seeking To Strike Up More Financial Services Business In China
by Jason Gorringe, Lowtax.net, London
08 November, 2019
Representatives from Jersey are holding week-long meetings in Asia to promote the island as a well-regulated offshore international financial center.
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Jersey, Guernsey, Isle of Man To Make Company Info Public
by Jason Gorringe, Lowtax.net, London
21 June, 2019
The governments of Jersey, Guernsey, and the Isle of Man have jointly announced a series of steps to improve the accessibility and transparency of their respective registers of beneficial ownership information.
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Maldives Introduces Electronic Tax Payment Obligation For Largest Firms
by Lorys Charalambous, Lowtax.net, Cyprus
20 March, 2019
From April 1, 2019, taxpayers with an annual turnover of MVR50m (USD3.25m) or more will be required to make payments to the Maldives Inland Revenue Authority via the MIRAconnect online tax administration portal.
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Saint Vincent Misses FATCA, CRS Reporting Deadlines
by Mike Godfrey, Lowtax.net, Washington
04 October, 2018
The caribbean territory Saint Vincent and the Grenadines has requested a 60-day extension from the reporting deadlines under the US Foreign Account Tax Compliance Act and the Common Reporting Standard.
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Guernsey To Freeze Financial Services Fees Until 2020
by Jason Gorringe, Lowtax.net, London
04 October, 2018
The Guernsey Financial Services Commission says it has decided not to hike license fees for financial services firms for the next two years.
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DIFC Seeking To Establish 'Court Of The Blockchain'
by Lorys Charalambous, Lowtax.net, Cyprus
09 August, 2018
Hoping to establish itself as a pioneer in the use and development of blockchain technology, the Dubai International Financial Center has announced its Courts are to work towards the creation of the first "Court of the Blockchain," involving work on how blockchain technology can be used to enforce court rulings and separately on the resolution and mitigation of disputes concerning blockchain-enabled contracts.
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Abu Dhabi Free Zone Proposes Crowdfunding Regime
by Lorys Charalambous, Lowtax.net, Cyprus
26 July, 2018
Abu Dhabi Global Market, the low-tax international financial center in Abu Dhabi, has published a consultation paper setting out its proposed regulatory framework for operators of Private Financing Platforms.
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Guernsey Fully Compliant With Latest Tax Transparency Standards
by Jason Gorringe, Lowtax.net, London
26 July, 2018
Guernsey has received an overall rating of "compliant" from the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes.
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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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