Sovereign Report – Issue 13

Content Summary

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Download a copy of Issue 13

1. European News
   • Gibraltar rejects UK proposals for joint sovereignty with Spain
   • Jersey and Isle of Man move on companies legislation
2. USA & Caribbean News
   • Bahamas to table new financial services legislation
   • US issues amended regulations for disclosure of tax shelter transactions
   • BVI to impose restrictions on bearer shares
3. Far East News
   • South Africa brings Financial Intelligence Centre Act into force
   • Singapore moves to one-tier corporate tax system
4. Legal News
   • FATF removes Russia, Dominica, Niue & Marshall Islands from NCCT list
   • Guernsey court establishes significant new rights for beneficiaries
   • Isle of Man directors settle breach of duty suit
5. Fiscal News
   • EU threatens Swiss sanctions to save Savings Tax Directive
   • Cyprus enacts a new Income Tax Law
6. Special Report
   • New acquisition strengthens Sovereign Asset Management