Sovereign Report – Issue 16

Content Summary

Please note: The download listed above is in Adobe Acrobat PDF Format. In order to view the document, you must have Adobe Acrobat Reader installed on your system. If it is not installed, then please download it.

Download a copy of Issue 16

1. European News
   • Gibraltar gains EU “passporting” for investment services
   • Sweden introduces new holding company regime
   • Isle of Man will not apply retrospective KYC checks
2. USA & Caribbean News
   • UK makes tax law threat to Cayman Islands
   • IRS issues summons to identify tax evaders
   • Swiss/US clarify treaty limitation on benefits
3. Far East News
   • South Africa issues draft regulations for tax amnesty
   • India bans investing through Overseas Corporate Bodies
   • Jebel Ali introduces offshore companies
4. Legal News
   • Jersey Court rules on sham trusts
   • FATF revises anti-money laundering standards
   • Caricom to establish Caribbean Court of Justice
5. Fiscal News
   • OECD reports on access to bank information for tax purposes
   • OECD threatens Switzerland with tax blacklisting
   • EU proposes to extend Parent-Subsidiary directive
6. Special Report
   • Deadline looms for Portuguese property holders
   • The Sovereign Art Foundation